Norway's Stolt-Nielsen believes market fundamentals are in its favour in the medium to long term, despite weaker markets in December and January.

The Oslo-listed owner said chemical tanker volumes eased in the final three months of 2020 after a relatively strong third quarter.

"At Stolt Tankers, we have seen a challenging December and January, but the favourable supply/demand outlook should provide a good foundation for continued improvements in the medium to long term," chief executive Niels Stolt-Nielsen said.