The global chemical tanker market is poised to continue improving with demand anticipated to surpass tonnage supply growth through to 2021, according to chemical tankers and terminal operator Odfjell.

China’s Ningbo Xinle Shipbuilding Group announced that the company has signed a contract with M.E.Marittima Emiliana SPA to build two 4,500 dwt chemical tankers.

Japan’s Mitsui OSK Lines (MOL) announced that MOL Chemical Tankers has acquired a 20% stake in Rotterdam-headquartered chemical logistics firm Den Hartogh Holding from Den Hartogh Beheer.

Sweden’s Donsotank has ordered two LNG-fuelled oil products and chemical tankers at China’s Wuhu Shipyard.

Singapore-based Raffles Shipping International has booked up to six 19,700-dwt chemical tankers at China’s Wuchang Shipbuilding Industry Group.

China’s Wuchang Shipbuilding Industry Group has won an order to build up to four 7,200 dwt stainless steel chemical tankers for chemicals trading group Sinochem.

John T. Essberger of Hamburg-based Essberger Tankers has agreed to buy fellow chemical tanker operator Crystal Nordic, headquartered in Copenhagen, for an undisclosed sum.

Thun Tankers, part of the Gothia Tanker Alliance network, has exercised an option for a fifth product/chemical tanker to be built at China’s Avic Dingheng Shipbuilding.

Stolt-Nielsen Limited (SNL) saw its first half profit plunged despite a rise in revenue, as the group was dragged down by continued softness in the chemical tanker market.

Odfjell is buying a secondhand chemical tanker for $25.5m.

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