Odfjell bullish on chemical tankers as key cargo volumes set to grow

Norwegian owner Odfjell remains positive on chemical tanker prospects due to rising volumes of key cargoes.

The Oslo-listed company told an investors’ meeting that rates have come off their peak, but are still above historical averages.

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Nils Jorgen Selvik, vice president of finance and investor relations, said that forecast global economic growth and an increase in international chemical trades provide a solid foundation for the specialist vessels.