Asia faces delayed US naphtha shipments of 150,000-200,000 tonnes

20 December 2013 03:00 Source:ICIS News

SINGAPORE (ICIS)--Asia is facing delays in deep-sea naphtha deliveries from the US of 150,000-200,000 tonnes as shipments were stuck earlier in the US gulf coast, traders said on Friday.

The vessels were facing rough weather conditions in the Panama Canal, the traders said.

Ships from the Atlantic Ocean cross the Panama Canal to the Pacific Ocean.

The vessels were supposed to arrive in Asia in the second half of December, but the arrivals will be due in January, the traders said.

Asia may receive up to 2m tonnes of arbitrage naphtha supply from the western markets during January, including volumes which were spilled over from December. They were mostly heavier grade naphtha, hailing from northwest Europe, the Mediterranean, Russia and the US.

By Felicia Loo