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Chemical Shipping News (June 15)
10:46 AM MDT | June 15, 2010 | Jacqueline Richardson
Richardson Lawrie Associates: Chemical carrier rates have exhibited similar downward trends as seen throughout bulk shipping but with fluctuations and, on many routes, still look robust compared to, say, the tanker sector. Despite the severity of the global downturn, rates and earnings on the main arterial east/west routes have not plummeted to the levels seen in the past market trough in the early 2,000s. Rates on all major routes appeared to be firming a little during the first quarter, but have since been declining steadily – largely in...
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