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Chemical-Tanker Demand to Rise 5%, Outpace Fleet Growth

Nov. 29 (Bloomberg) -- Demand for chemical tankers will increase at more than double the fleet’s pace of expansion next year, according to the median estimate of eight analysts surveyed by Bloomberg.

Demand, which the analysts say hinges on global economic growth, will expand 5 percent in 2012 and 5.7 percent in the following year, compared with respective growth rates of 2.3 percent and 2 percent for the fleet, the survey showed.

The following table shows the high, median and low estimates for chemical-tanker supply and demand in the next two years, based on eight analysts’ estimates.

Supply     2011     2012     2013
High       5.4      4.3      3.3
Median     4.7      2.3      2
Low        3.4      1        -2

Demand     2011     2012     2013
High       7        7        7
Median     5.4      5        5.7
Low        3.2      3.5      5.3

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

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