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Read all the latest news about Chemical tankers. ShippingWatch gives you independent, credible, critical and fair news.

Odfjell CEO sees potential for further consolidation

There could be even more acquisitions in store in chemical tanker, a segment in which several players have recently made purchases, Odfjell CEO Kristian Mørch tells ShippingWatch. But the CEO does not see Odfjell participating in the current consolidation.

One in four MR product tankers are now sailing with chemicals

The product tanker fleet has encroached so far into the chemical segment that one in four MR ships are stealing cargoes from the already strained segment. This is one of the key reasons for the sector's difficulties, Odfjell CEO Kristian Mørch tells ShippingWatch.

Odfjell CEO: Chemical tanker recovery is imminent

Despite a significant deficit in the first half of 2018, Odfjell CEO Kristian Mørch remains confident that a chemical tanker recovery is right around the corner, and could perhaps last several years, he tells ShippingWatch.

Odfjell hit by challenging chemical tanker market

A strained chemical tanker market pulled Odfjell's bottom line into the red in the first quarter, though the company maintains expectations that 2018 will mark a positive turning point for the market.

Team Tankers' deficit grew in 2017

Chemical carrier Team Tankers was hit by the weak rates in 2017 and suffered a significantly bigger deficit compared to the year before. The shipping company strengthened its fleet during the year with the acquisition of ships from two companies.

Large chemical tankers will be squeezed in 2018

Several Asian nations are becoming more self-sufficient in chemical products, and paired with excess tonnage, this will weaken the market for large vessels on the long-haul routes this year, assesses Drewry.

CEO defends Nordic Tankers' divestment in weak market

Just as the chemical tanker market was strained in 2017, it is difficult to say whether this development will turn around this year, Nordic Tankers CEO Per Sylvester Jensen tells ShippingWatch. But he maintains that the carrier got a good price for Crystal Nordic.

Team Tankers' deficit grew in Q3

Chemical tanker carrier Team Tankers saw its loss grow big-time in the third quarter this year. "Market conditions in the chemical tanker sector remain challenging," says CEO Hans Feringa.

Team Tankers will spend upwards of USD 400 million on acquisitions

Chemical tanker carrier Team Tankers projects consolidation in the chemical market. After the carrier has cut one fourth of its fleet, it is now prepared to expand through acquisitions, and two markets are especially interesting to CEO Hans Feringa, as he tells ShippingWatch.

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