ShippingWatch

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.

Photo: Stolt-Nielsen

The chemical tanker market was at a standstill in 2018 where the market was unable to keep up with previous growth rates, and where demand for freight only increased marginally compared to 2017, concludes a report by firm Shipsfocus.

In comparison to 2017, the increase in demand, measured in ton-miles, was far smaller than last year, says the firm. Meanwhile, handled volumes of chemical tanker dropped significantly. according to Shipsfocus.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

For Coca-Cola, chartering vessels is by no means a foreign concept

Coca-Cola made a splash when one of the company's execs recently informed that it had chartered three dry bulk vessels as a result of the strained supply chains. It's a frequently used method, the company tells ShippingWatch. Nike expects shortages of products in coming quarters.

Further reading

Related articles

Trial banner

Latest news

See all jobs