Platou: Collapsed fuel price benefits chemical tanker

The low fuel price is good news for chemical tankers in the spot market, which according to Platou's calculations is currently enjoying average daily profits of USD 16,000. This will benefit Odfjell and Stolt-Nielsen, in particular.

BY KATRINE GRØNVALD RAUN

The falling fuel oil price comes as good news for the chemical tanker segment. According to Norwegian analyst agency Platou, the chemical tankers' earnings could increase significantly, supported by lower fuel prices, says analyst Frode Mørkedal in a report.

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Platou: Collapsed fuel price benefits chemical tanker

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

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Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs