According to Drewry, China’s developing increasing demand for chemical shipping is due to strengthen coastal freight rates. The demand is being boosted by the fast growth of the Chinese base chemical production capacity.
Mainly, about 55% of the new production capacity is placed in East China, 23% in North China, whereas another 22% in South China.
Drewry supports that China’s demand for vessels for domestic chemical trade is expected to increase, because domestic supply of major chemical...
https://safety4sea.com/drewry-increasing-demand-boosts-chinas-chemical-freight-rates/