Chemical tanker operator Odfjell reported a 5% growth in tanker revenues for 4Q 2017, the fastest rate since 2Q 2014. Yet, it was 2% points lower than expected due to a harder-than-expected impact from Hurricane Harvey. Profitability was also disappointing, probably due to higher fuel costs, with a margin of 14% vs. 15% expected and 20% a year ago. Odfjell follows the pattern set by other tanker operators including Euronav, MISC and Stolt-Nielsen. It also repeats the hope of a better market later in 2018 as supply and demand realign. The company isn’t backing down from competition though...