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Finance & Markets

LR Tankers: Freight Squeezes Naphtha Arb

A shift has been underway in the naphtha market as a result of the war in the Middle East. In its latest weekly report, shipbroker Gibson said that “the war in the Middle East has upended Asia’s naphtha market. With the Gulf normally supplying over half of Asia’s imports, the March halt at Hormuz forced ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

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Asia-US container rates mixed as capacity tightens, import demand slows; tanker rates mostly higher

Rates for shipping containers from east Asia and China to the US were mixed this week as capacity on the trade lane is expected to tighten slightly and import demand is expected to ease.

  • Container rates between Asia and US tighten, import demand slows
  • Drewry rates drop 6% from Shanghai to LA, 5% from Shanghai to NY
  • US chemical tanker freight rates rise, space for larger parcels scarce

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