Economic retraction and elevated gas prices are forming a cloud over the hitherto bright outlook for chemical tanker owners.
The Braemar Womar J19 global time charter equivalent index, combining all 19 routes tracked, rose from about $24,500 per day in August and is now about $26,000 per day. But a drop might lie ahead.
London broker Braemar’s joint venture with Womar Chemical Tanker Pools aims to independently benchmark the earnings of the deepsea J19 market, covering stainless-steel ships between 19,000 dwt and 22,500 dwt.
