End of the road for Milestone

End of the road for Milestone

A chemical tanker pool is closing after just two years. Milestone Chemical Tankers – formed by Tokyo Marine Asia and Jo Tankers – has been disbanded effective today. Existing pool contracts will be carried out.

The pool was formed in September 2013 with 63 ships.

Chemical tanker rates have performed better than many other tanker sectors this year. Pools tend to disband when rates pick up.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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