Chemical tanker operator Odfjell reported first quarter revenues that increased just 0.5% on a year earlier, but were 3% better than analysts’ forecasts. That may reflect stronger-than-expected rates, which were basically unchanged compared to a decline for earlier-reporting Stolt-Nielsen. The management sees rates being “marginally lower” in the coming quarter. While it joins D/S Norden and Gener8 Maritime in beating expectations, the tanker/bulker sector still likely saw a 4% drop in revenues in the first quarter.