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Thursday, 13 July 2017

Odfjell SE signs final agreement to acquire 5 stainless steel newbuildings and formation of pool for 15 x 25,000 dwt chemical tankers

Odfjell SE    

Published: 14:22 CEST 13-07-2017 /GlobeNewswire /Source: Odfjell SE / : ODF /ISIN: NO0003399909

Odfjell SE signs final agreement to acquire 5 stainless steel newbuildings and formation of pool for 15 x 25,000 dwt chemical tankers

Reference is made to the stock exchange announcement of 16 June 2017, in which Odfjell SE signed a term sheet with Chemical Transportation Group, Inc ("CTG"), to acquire 5 stainless steel newbuildings and to form a pool of 15 x 25,000 dwt vessels. 

We are pleased to announce that the transaction has now been signed and completed.

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 will strengthen our position and competitiveness in the current state of the chemical tanker market.

For more information:

Kristian Mørch
CEO, Odfjell SE
Tel: +47 47 68 84 76
E-mail:
kristian.morch@odfjell.com

 

Terje Iversen
CFO, Odfjell SE
Tel: +47 93 24 03 59
E-mail:
terje.iversen@odfjell.com





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Odfjell SE, P. O. Box 6101 PT, Bergen 5892, Norway
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