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.

Photo: PR/Odfjell

Chemical tanker company Odfjell continues to be more or less financially unaffected by the global virus outbreak.

On the contrary, a strong chemical tanker market boosted the carrier's earnings significantly in the second quarter, shows Odfjell's interim report for the second quarter.

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

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Further reading

Related articles

Trial banner

Latest news

See all jobs