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Tankers and Gas Shipbuilding Finance

Odfjell warns rising newbuild deliveries threaten chemical tanker earnings after strong Q2

  • Odfjell expects chemical tanker earnings to decline in the third quarter as a growing number of newbuildings add capacity and global chemical volumes remain weak, because of lost Middle East exports 
  • Despite softer fundamentals, many factors are supporting rates including longer sailing distances, alternative chemical sourcing and limited swing tonnage

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Lost Middle East chemical volumes have partly been replaced by longer-haul exports from regions such as the US

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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