Stolt-Nielsen: At least one year until chemical tanker recovers
It will take no less than a full year more for the chemical tanker market to recover, writes Stolt-Nielsen in relation to its third quarter interim report. Hurricane Harvey's rampage will impact the fourth quarter result.
Stolt-Nielsen must arm itself with patience for at least another year. The carrier does not expect to see recovery in the chemical tanker market until another year has passed, and the company is thus now preparing for a scenario in which there will be no significant growth over the next 12 months.
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