Slowing Intra-Asia Chemical, Palms Spot Freight Fixtures Deter Trades

Tanker freight in Asia beating popular expectations by staying buoyant into November could hinder chemical and palms cargo flows throughout the rest of the fourth quarter.

• Liquid bulk shipping costs climb despite fleet growth • El Nino supply jitters prolong palms freight uptick • Tanker pile-up at ports curtails SE Asia, India tonnage supply

Freight indications having already advanced since September have further increased into November despite new vessel additions and pre-Diwali holiday restocking in India tapering off.

Diwali or Festival of Light is a major Hindu holiday in India.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →