A weak product tanker market put pressure on the rates achieved at Stolt-Nielsen's chemical tanker carrier, Stolt Tankers.
In recent months, the chemical tanker market has been characterized by so-called swing tonnage from product tanker carriers, which have bid on the transport of chemical tanker cargoes, CEO Niels G. Stolt-Nielsen sums up in the carrier's unaudited first-quarter report published Thursday.
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