ShippingWatch

300 carriers own between one and five chemical tankers

The chemical tanker market is extremely fragmented, according to new figures following this week's deal between Nordic Tankers and BW Group. Several market players have stressed the need for consolidation for a long time.

Photo: MOL Nordic Tankers

The recent transactions involving chemical tanker vessels have happened in a market where the majority of shipping companies own between one and five vessels, show figures from Vessels Value.

Today, 297 players own between one and five chemical tanker vessels, show the vessel database's figures, which are based on vessels fully owned by carriers. Therefore, the figures do not include vessels on long-term charter agreements.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Banks predict more upgrades from container carriers

Maersk won't be the only carrier to announce an upgrade due to a red-hot container market fueled by sky-high rates and massive demand. Others will raise their expectations as well, according to SEB Enskilda and Sydbank.

Further reading

Related articles

Trial banner

Latest news

See all jobs