Chemical tanker rates are to come under pressure from high levels of newbuilding deliveries, consultancy Drewry said.
A total of 193 ships of 7.4m dwt hit the water last year, with 206 vessels of 3.72m dwt leaving the fleet.
The stainless steel orderbook stands at 37% in terms of the number of ships in the global fleet - a figure that rises to 41% of the existing deadweight tonnage.
“Although
