Odfjell chief executive Kristian Morch is expecting to see more consolidation among chemical tanker players this year.
Morch tells TradeWinds that largely financial-type investors and other owners, who are involved in fleets of five to 15 standard 20,000-dwt tonnage built in Japan, are likely to see the economic sense of combining assets in today’s market.
Morch says he believes there is little room for consolidation on the larger, advanced end of the fleet, such as among the few shipowners with “super-segregators”.
