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International Norway Tankers and Gas

Odfjell profits surge on strong chemical tanker market

Chemical tankers giant Odfjell felt only limited effects of the pandemic as it swung to a $30.9m net profit, but warned crew changes continue to be ‘extremely difficult’

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A drop in contract coverage freed up Odfjell to take advantage of high spot rates and cheaper fuel. It expected demand for chemical cargoes to hold up despite falls in the automotive and construction sectors

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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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