10/03/2015at 11:35

Team Tankers eyes stronger chemical market

Team Tankers, formerly Eitzen Chemical, was listed on the Oslo stock exchange yesterday. The carrier believes in a better chemical tanker market this year after a big dive in 2014. Drewry is less optimistic and believes the recovery will not happen before in 2016.

BY DANIEL LOGAN BERG-MUNCH & TOMAS KRISTIANSEN

There has been a serious slowdown in the chemical tanker market in 2014 - mainly caused by the lower Chinese import of petrochemical products. However, Team Tankers, formerly Eitzen Chemical, believes in a significant strengthening of the market already starting this year, according to the material the carrier presented yesterday in Oslo relating to the company's IPO on the Oslo stock exchange.

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