petrochemicals

FreightWaves Classics: Port Houston generates Texas-sized results

An aerial view shows part of the sprawling Port of Houston. (Photo: Port Houston)

Overview

Houston was named after former General Sam Houston, who served as president of the Republic of Texas. He led the drive for independence from Mexico at the Battle of San Jacinto, which took place about 25 miles east of what is now the city.

Today, the city’s Port of Houston (or Port Houston) encompasses a 25-mile-long diversified complex of nearly 200 private and public industrial terminals along the Houston Ship Channel, which is 52 miles long. The port’s eight public terminals are...

https://www.freightwaves.com/news/freightwaves-classics-port-houston-generates-texas-sized-results

GSCW chat recap: How COVID-19 impacted downstream energy industry

This fireside chat is a part of FreightWaves’ Global Supply Chain Week. Day 5 focuses on energy, mining and chemicals.

FIRESIDE CHAT TOPIC: How the downstream energy industry is navigating COVID

DETAILS: COVID-19 impacted the energy industry in ways from cutting demands to reducing uses for petrochemicals. American Fuel & Petrochemical Manufacturers kept an eye on supply and demand trends during the pandemic and how downstream companies were utilizing petrochemicals differently thanks to the...

https://www.freightwaves.com/where-the-most-losses-were-seen-during-the-height-of-the-pandemic

Commentary: Rail chemicals’ 2021 rebound

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

Staring into the 2021 abyss, the outlook for rail-hauled chemical traffic looks like a mixed weather forecast.

“Early morning fog, changing to overcast skies, with a high-pressure system moving in later for sunny skies” sounds like the chemical forecast for 2021.

The fundamental assumption is that the COVID-19 pandemic will gradually abate as the immunization shots...

https://www.freightwaves.com/news/commentary-rail-chemicals-2021-rebound

[Watch] Crude Rates Record 9-Months High Amid Surging Metal Prices

Crude oil prices touch 9-month highs, iron ore prices surge for delivery to China, and Asia’s methanol supply tightens further, reports Platts.

All eyes are on benchmark crude oil prices this week, after front-month ICE Brent futures rose to almost $50 per barrel last week for the first time since early March. This comes as advances in vaccines increase hopes of containing the pandemic.

Crude price revision

The US Energy Information Administration has also revised up its forecast for crude prices...

https://mfame.guru/watch-crude-rates-record-9-months-high-amid-surging-metal-prices/

Boxship Freight Rates Climb Amid Steady Asian Chemical Market

Asian chemical tanker freight discussions continued to fluctuate within a narrow band this week, much unlike the strongly bullish sentiment seen in container shipping market, reports ICIS.

As long as vessel supply condition differs, such divergent pricing trends between the liquid tanker and container ship markets will likely prevail for some time more, market players said.

Meeting seasonal increase

Shipowners are asking for around $25/tonne to move 3,000/tonne-sized liquid chemical tankers...

https://mfame.guru/boxship-freight-rates-climb-amid-steady-asian-chemical-market/