2014 was not just a bad year for the chemical tanker segment. It was a surprising and unusually bad year in which market players, for a few months up until Easter, clung to hopes that the market would change and end on a positive note.

But just around Easter last year, it seemed everything went south and the rest of the year was close to terrible – both the segment in general and for one of the major players with around 100 vessels in the water - Nordic Tankers, based in Hellerup just north of central Copenhagen.