IHS Chemical Week

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Shipping Markets Set to Tighten

11:28 AM MDT | October 3, 2010 | Lyn Tattum in Budapest

Hans Feringa, president of Stolt Tankers, a Stolt-Nielsen subsidiary, expects to see a turnaround in the parcel tanker segment of the chemical shipping market, driven by a looming shortage in supply of sophisticated tankers: “You are going to see a tightening of supply in the stainless steel, high segregation segment and it may happen quite fast, perhaps in the second half of next year, “ Feringa told Chemical Week on the sidelines of EPCA's  44th Annual Meeting in Budapest....

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