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China decides the future for chemical tank carriers

China controls a big part of the global demand for chemicals, but the chemical superpower is becoming increasingly self-sufficient. This will impact chemical tanker operators, says major bank DVB in a new analysis.

Photo: Rederiforeningen
BY OLE ANDERSEN

Global developments in shale gas and China's development toward becoming increasingly self-sufficient in chemicals could change the entire landscape of the global petrochemical industry, thus impacting the chemical tank market, according to a new analysis by major bank DVB, which predicts a slow rebound for chemical tanker owners and operators.

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