Maritime Strategies International (MSI) analyst Bonita Nightingale highlights that while chemical and edible oil trade has grown modestly in 2024, volumes remain below pre-pandemic levels. Tonnage supply remains tight, keeping freight rates and asset values elevated. Organic chemicals dominate shipments, and geopolitical tensions, including Middle East conflict and U.S. trade policy shifts, have disrupted trade flows. The CPP market’s softening is easing pressure on chemical tankers, while biofuel mandates and EU palm oil policies reshape edible oil trade. MSI expects rates to soften gradually over the next few years before rebounding post-2028.
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Source: Riviera Maritime
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