Stolt-Nielsen has set the table for chemical tanker consolidation but is seeking to get more from the assets it already has in 2018.

Oslo-listed Stolt-Nielsen bought the Jo Tankers fleet last year and established Stolt Tankers as a separate company.

Chief executive Niels G. Stolt-Nielsen explained: "The likelihood of further consolidation in the chemical tanker sector remains, as private equity firms and others who invested in chemical tankers in recent years are looking for exit strategies.