Chinese demand buoys chemtanker rates

Michelle Wiese Bockmann - Monday 8 February 2010

JUST like every other sector of shipping, growing Chinese petrochemicals demand is dragging the global fleet of chemical tankers out of a 15-month rates trough.
Although Odfjell remains cautious about 2010 prospects, seaborne trade for chemical tankers was forecast to rise by 7% in 2010, according to RS Platou’s quarterly report. Shipments fo...

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