ShippingWatch

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.

The last acquisition in chemical tanker likely has yet to take place, says Odfjell CEO Kristian Mørch to ShippingWatch.

In just a short span of time, the CEO of the Norwegian chemical tanker shipping company has seen several of his competitors make acquisitions. Transactions that include Triton's sale of Nordic Tankers to Japanese MOL Chemical tankers, and BW Group's sale of its chemical fleet to Ace-Quantum Chemical Tankers.

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