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

Odfjell expects slower beginning to 2021

2021 has started with continuing weak markets and high fuel costs for Odfjell. This is expected to impact results in the first quarter, where the company expects to bag a weaker result. 2020 finished with significant bottom line growth.

Team Tankers is effectively for sale

Product and chemical tanker operator Team Tankers gives up its ambitions to spearhead consolidation in the tanker market. Instead, the shipping company could be sold to a bigger player in 2021, says chairman.

Odfjell rides on the wave of a strong chemical tanker market

A strong chemical tanker market boosted Odfjell's result significantly in the second quarter of the year. The virus outbreak has yet to have a noticeable effect on the shipping company's financial results, even though it is cause for uncertainty.

Team Tankers bags small profit

Chemical and product tanker operator Team Tankers reports a small bottom line profit for the first quarter, in which the shipping company entered deals with Maersk Tankers and V.Group. The deals provide more flexibility for more divestments and investments, according to CEO.

Chemical tanker market has lagged behind for seven years

Chemical tanker rates increased 25 percent in 2019. Still, there is some way to go before Odfjell's CEO would call the market sustainable. Seven years of feet-dragging are noticeable, he tells ShippingWatch. And now another black swan has emerged.

Weaker chemical tanker earnings strain Odfjell's results

Lower volumes transported by chemical tanker ships hurt Odfjell's earnings, says CEO Kristian Mørch. He projects improvements in the fourth quarter, as customers, among other factors, seem prepared to pay more in relation to the IMO's sulfur regulations.

Stolt-Nielsen has postponed IPO of tanker company

Shipping group Stolt-Nielsen has put it plans on pursuing an independent listing of its tanker shipping company on hold for now. Investor interest in shipping is a significant reason, CFO tells ShippingWatch.

Odfjell expects fewer long-term contracts

Norwegian chemical tanker company Odfjell, headed by Kristian Mørch, reduced its number of long-term contracts in the latest quarter and expects the new level to continue in the future.

Odfjell CEO firmly confident in market recovery in 2019

Odfjell CEO Kristian Mørch stubbornly insists that the chemical tanker market will now recover, even though he made similar predictions throughout 2018, a year that ended with the company's largest deficit in a decade. ShippingWatch has interviewed him.

Chemical tanker shipments stagnated in 2018

2018 was unable to keep up with the growth rates previously seen for chemical tanker cargoes, according to a report from Shipsfocus. Several shipping companies believe the strained market may have bottomed out last year.

Nordic Tankers has now been acquired by MOL

MOL Chemical Tankers has now completed its acquisition of Nordic Tankers from equity fund Triton. The sale means that the chemical tanker shipping company will now operate under the name MOL Nordic Tankers.

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