Olefin and feedstock offtake plummeted in February in regions that are being impacted by the coronavirus, such as East Asia (See Vol. 1, Issue 1), but Latin America has nearly been completely spared. Discharges of propylene and naphtha in the
Asian LNG spot prices remain stable, with higher bids heard in the market while demand sentiments still subdued fueled by news of CNPC declaring force majeure. Northeast Asian terminals received 64 vessels, up from 61 last week. Next week’s outlook
West Coast Canadian ports are winning market share of US cargo to and from Asia – driven by congestion and longer dwell times in southern Californian ports, as well as the competitive costs of Canadian terminals and their intermodal operators.
Head-haul vs Back-haul – Selected Trades from Asia For all container trade lanes, the head- haul route remains the dominant leg and this is the part of the rotation that the shipping line will plan both ship size and TEU
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