The Oslo-listed chemical carrier owner saw freightrates edge up again to their highest level in close to five years.
Average time charter equivalent rates reached $11,921 perday during the three months to 30 June, up 6.5% on the previous quarter and16.3% higher than the $10,247 per day seen in the corresponding period of lastyear.
“Although the market conditions in the quarter appearedslower, Eitzen Chemical managed to fix the vessels well in advance, charter outon short term time charters and maintain high fleet utilization,” the companysaid in its earnings report.
