Chemical tanker operator reported fiscal third quarter revenues that were 8% better than a year earlier and 6% above analysts’ estimates. Profits were 2% worse than forecasts, though gains from fuel hedging made predictions complicated. Nonetheless, the company has taken a downbeat outlook, with CEO Niels Stolt-Nielsen stating the company does not expect a “substantial improvement” in the chemical tanker market until “the latter part of 2018”. The problem is essentially the same as for oil tankers – extra capacity coming into service will outstrip demand growth until then. Panjiva analys...