Supply Chain Research

Chemical tanker operator Stolt-Nielsen reported fiscal 2Q revenues that increased 5% on a year earlier, and were 4% better than analysts had expected. Earnings were below forecasts, though that may be the result of higher corporate costs. Revenue growth included contributions from new vessels, though improved rates were the result of an improved mix of route choices rather than better market rates. Tanker rates across the board were much lower than a year earlier in the second quarter. The management still only see market chemical tanker rates improving in the second half of 2018, with c...