There is 13.3 million dwt of chemical tanker tonnage on order through to 2018, which represents about 14.6% of the on-the-water fleet, according to data presented by Brian Cleary, the head of research and business development at shipbroker SPI Marine.
But Chembulk Tankers chief executive Jack Noonan and Team Tankers International executive chairman Morten Arntzen told the Connecticut Maritime Association (CMA)’s Shipping 2016 conference that the operating platforms of existing operators make it difficult for newcomers like financial firms to establish a foothold.
“I
