Demand for Chemical Tanker Fleet Looks Up
Demand for methanol and vegoil will moderately support global seaborne trade causing the shipping fleet trading in chemicals and vegoils to expand, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. A press release from Drewry said that the orderbook contains 144 stainless steel vessels totalling 3.4 mdwt for delivery by 2020, almost 22% of the existing capacity for such vessels; 63 of these vessels are in the size range of 25,000-40,000 dwt, while in the existing fully stainless steel fleet, there are 143 vessels in the size of 25,000-40,000 dwt category. These large vessels are meant to be employed in the pure chemical trade.
Team Tankers Acquires New Vessels
Team Tankers International (TTI) completed the acquisition of the ‘Sichem Amethyst’ and ‘Sichem Contester’, previously on timecharter in the Q4 2015. In addition, two of the company's older and smaller ships were sold. To continue to build up its European regional stainless steel fleet, Team Tankers agreed to acquire the ‘Southern Zebra’, a 8,900 dwt stainless steel chemical tanker. Delivery is expected in March, 2016. In 4Q15, the company took delivery of an IMOII MR on a one-year timecharter. “As part of our growth strategy in the regional coated ship class, the company acquired two ships, and took delivery of two ships on time charter in this class subsequent to quarter end,” TTI further added.
Stolt-Nielsen Orders Four Parcel Tankers
Shipbuilding Co. Ltd. 2008. million. capacity required to transport vegetable oils and chemicals. stainless steel fleet. withdrawal from SNTG's fleet. chemical tanker market. potential quality shipyards worldwide. Otto H. strategy. growth opportunities in our markets. Fritzner added.
