- Tighter supply in Asia kickstarted chartering activity for US-to-Asia naphtha arbitrage flows, amid tighter supply in Asia due to the logistical chokehold at the Suez Canal.
- While the mega container ship Ever Given was freed on March 29 and moved to a waiting area at the Great Bitter Lake.
- The Suez Canal remains closed and has a backlog of ships awaiting transit, sources said.
Wanda Wang, Marieke Alsguth and Troy Duffie write for Platts about how traders book US-to-Asia naphtha shipments amid...
https://mfame.guru/us-to-asia-naphtha-shipments-gain-momentum-due-to-slim-arbitrage/