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.

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