04/05/2015at 11:52

UACC achieves first positive result in 5 years

United Arab Chemical Carriers, which is in merger talks with Qatar Navigation, achieved a positive bottom line in 2014, CEO Per Wistoft tells ShippingWatch. After the first quarter, the carrier has reached 60 percent of the annual budget. "The product tanker market is exceptional."

BY KATRINE GRØNVALD RAUN

For the first time in five years, the Dubai-based product and chemical tanker carrier United Arab Chemical Carriers (UACC) is able to present a profit on the bottom line, reveals CEO Per Wistoft about a year and a half after taking over the CEO position from Jens Grønning, who is currently the CEO of Team Tankers, formerly Eitzen Chemical.

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Foto: China Stringer Network/Reuters/Ritzau Scanpix

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