Odfjell SE signs final agreement

15 July 2017

Odfjell SE, whose US headquarters are located in Texas, has signed a term sheet with Chemical Transportation Group, Inc. to acquire 5 stainless steel newbuildings and to form a pool of 15 x 25,000 dwt (deadweight tonnage) vessels. Odfjell SE will take delivery of the first vessel on 14 July 2017 and the remaining 4 newbuildings will be delivered in intervals up until May 2018.

The 5 newbuildings fully owned by Odfjell SE and the formation of the pool are expected to have a positive contribution on Odfjell SE's returns and aim to strengthen their position and competitiveness in the current state of the chemical tanker market.

Back to the news archive...

KCI Publishing Copyright © 2017 - Disclaimer