MANILA: Chemical tank shipping is a segment currently enjoying a lot of confidence, from analysts and brokers, but also among shipowners themselves. Eitzen Chem is a good example that the chemical segment is doing well and is positive toward the future. The order book is empty and demand is rising, says the shipping company's CEO, Per Sylvester Jensen.
He points out that the growth of the chemical segmet from 1995 to now has corresponded to the global economic growth - times 1.5 or 2. And several things indicate that the growth will continue at this rate, if not higher.