Two major transactions this week accelerated the consolidation of the chemical tanker market.

Private equity-owned Nordic Tankers was sold to MOL Chemical Tankers of Singapore on Tuesday.

Just hours later, it emerged that two of the world’s major private shipowners, Idan Ofer and Andreas Sohmen-Pao, had closed a $350m fleet deal in the same segment.

Triton, which had owned Nordic Tankers since 2012, had reached the natural end of its investment horizon, market sources said.