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.

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