Odfjell chief executive Kristian Morch is not popping open the bubbly just yet, despite the company being on track to end 2020 in profit.

He cautioned that the pandemic was still making market clarity difficult to achieve, but he added that fundamentals look strong.

Asked on a second-quarter earnings call whether the chemical tanker and tank terminals group would end the year in the black, the chief executive said: "We have had a good start to 2020, but we are going to leave the champagne in the cooler a little...