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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.

Kristian Mørch has been CEO of Odfjell since 2015. | Photo: PR/Odfjell

"Right now, we're holding our breath," says Odfjell Chief Executive Kristian Mørch, who, like many others, is watching the developments of the coronavirus, which has spread to at least Italy, South Korea and Iran.

Until the start of 2020, the global chemical tanker market was on a lengthy journey toward better times and a sustainable economy, which Mørch has done everything in his power to allow the Bergen-based shipping company to enjoy.

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