Slowing Intra-Asia Chemical, Palms Spot Freight Fixtures Deter Trades

Tanker freight in Asia beating popular expectations by staying buoyant into November could hinder chemical and palms cargo flows throughout the rest of the fourth quarter. Liquid bulk shipping costs climb despite fleet growth, El Niño supply jitters prolong palms freight uptick, and tanker pile-up at ports curtail SE Asia, India tonnage supply.