Drewry: Chemical Vessel Oversupply to Continue Squeezing Rates

The expected expansion of the chemical shipping fleet in 2017, driven by the large number of orders placed in previous years, will continue “squeezing rates on major routes over the next two years,” shipping consultancy Drewry said.

Drewry: Fleet Oversupply to Weaken Chemical Shipping Rates

Softening seaborne trade and rising fleet growth are expected to depress chemical shipping freight rates over the next few years, according to shipping consultancy Drewry.