Shipbroker Braemar ACM has raised its chemical tanker rate forecasts for the next 18 months as regional tightness keeps pushing earnings up.
The London shop’s joint venture with Womar Chemical Tanker Pools, Braemar Womar, aims to independently benchmark the earnings of the deepsea J19 market, covering stainless-steel ships between 19,000 dwt and 22,500 dwt.
Time charter equivalent (TCE) earnings on the 19 covered routes were up $2,000 per day during May, compared to April, in strong markets, the company said.
