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Container Rates Falling

...Fuller warned that retailers would need to unload inventory amid signs of demand destruction. He correctly said this would cause a freight recession now could be coming true as container rates decline.  https://www.zerohedge.com/markets/shipping-rates-slump-bullwhip-effect-enters-terminal-phase...

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Houston Hub

...come online: Exxon Mobil Chemical – Baytown, Mont Belvieu: Ethylene and polyethylene; $6 billion; 2017 Chevron Phillips – Baytown, Old Ocean: Ethylene and polyethylene; $6 billion; 2017 Dow Chemical –...

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Tweel Continues to Expand

...and Grasshopper operators of ZTR mowers using 24-in., 5-4.5 in. bolt-pattern rear tire/wheels will be able to buy the Michelin X Tweel Turf no-compromise airless solution for their commercial mowers...

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Trucking Crisis

...far in January I’ve had 22 loads that I either had to switch brokers, find a different carrier or pay more money, anywhere from $300 extra to $1,200 extra.” https://www.wsj.com/articles/a-shortage-of-trucks-is-forcing-companies-to-cut-shipments-or-pay-up-1516789800...

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Propylene Update

...in recent weeks amid less-than-expected supply levels as a US Gulf propane dehydrogenation (PDH) unit did not come online as expected. The 750,000 tonne/year PDH unit was expected to be...

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Freight Update

...$15/mile and above,” the market participant said. “It is crazy, and that is if you can get trucks.” Other contributors to higher freight rates are rising fuel prices and higher...

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Weekend Reading

...data in graph form To fill in the huge gaps, those compiling the records have resorted to computerised “infilling” or “homogenising”, whereby the higher temperatures recorded by the remaining stations...

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European Polyurethanes Overview

...SOFTER Demand for mattresses, a major outlet for TDI used to make flexible foams, has softened along with gloomy macroeconomic conditions. Earlier this month, the European Commission, for example, cut...

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West Coast Ports

...or fifth-largest containerport complex in the United States, combining in the Northwest Seaport Alliance. They have quite a lot of sailings coming in. They’re not the super-max vessels, but there...

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Not to be Denied?

...on an M&A spree: Abu Dhabi’s national oil company is separately in talks with Austria’s OMV regarding a possible merger of the two companies that could form an entity worth $30 billion. It’s not...

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