Commodities 2023: Charterers, shipowners expect tight petrochemical vessel market in H1

The global liquid petrochemical freight market is facing price hikes in 2023 as charterers continue challenging negotiations with shipowners over the cost of affreightment contracts or COAs for the coming year, market participants said late December. One South Korean aromatics trader said COAs for routes from the country to northeast China were about $4/mt higher year on year for parcels…