Nordic Tankers

Nordic Tanker reorganisation goes ahead

Nordic Tankers has announced plans to centralise a number of corporate and administrative functions at its Copenhagen head office during 2013.

Nordic Tankers changes hands

Triton III has completed its acquisition of the chemical tanker operations of Nordic Tankers.

Breakeven or bust

FLEETS As bunker price hikes, bankruptcy and buy-outs beset the chemical tanker market, operators are finding it tough. Some have already given it up as a bad job

Chemical tanker Clipper Saga

Payback time

FLEETS Last month witnesses a spate of restructuring as chemical and product tanker owners attempt to stay the course. For many, a mis-match between capital expenditure and freight income has put a strain on their balance sheets

Tanker Else Marie Theresa

Herning and Nordic merge chemship activities

Triton Fund, which owns Herning Shipping, has agreed to acquire the chemical tanker activities of Nordic Tankers for $30m.

Ships ahoy

FLEET The continual sluggishness of the economic climate coupled with the over-enthusiastic ordering of new ships during the economic boom of the mid-2000s mean the chemical tanker industry is still struggling to recover

Crew on Tanker

Each to his own

MARKETS Making money out of shipowning is more than just a matter of taking advantage of good freight rates, as the latest results from some of the biggest chemical and LPG tanker operators attest

Two for one

FLEETS The long-awaited consolidation process in the chemical tanker industry has taken a step forward with the announcement of a planned merger between two Danish owners.

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