This increases the total to twelve 25 - 40.000 dwt stainless steel vessels to be
delivered on long-term time charters and pool agreements between 2024 and 2027.
The agreements represent a continuation of Odfjell's long-term relationships
with Japanese shipowners and shipyards and include six vessels.
The series of newbuildings will be built at multiple shipyards in Japan and are
scheduled to be delivered from 1H2026 to 1H2027. Two of the vessels are 40,000
dwt stainless steel supersegregator chemical tankers with 28 tanks, while the
additional four are 25-26,000 dwt stainless steel chemical tankers with 24
tanks. All vessels will be capable of handling a range of specialty liquid
products.
The vessels will join Odfjell's worldwide trades in a strategic combination of
long-term time charter and pool arrangements. The agreements are entered into at
attractive levels, and Odfjell has purchase options on the vessels entered on
time charter.
"We are pleased to announce these agreements as they further strengthen our
fleet composition and serve as a confirmation of our growth ambitions. The
collaboration between the shipbuilders, suppliers and our team has resulted in
tailored vessels that are sustainable, efficient and cost-effective," CEO Harald
Fotland said.
"This approach allows us to continue to deliver exceptional services to our
customers and optimize our operations without compromising our commitment to
sustainability. We introduce modern and sophisticated tonnage in a capital
-efficient way."
Adding these advanced vessels is a notable step in the company's ambitious fleet
renewal plan. Odfjell's fleet is currently recognized as the most energy
-efficient in the deep-sea chemical tanker segment. The company's experts have
played a key role in the ship design process to ensure these newbuildings are as
future-ready as possible.
IR Contact:
Nils Jørgen Selvik, VP Corporate Analysis & IR
Tel: +47 920 39 718
E-mail: nils.jorgen.selvik@odfjell.com
The Odfjell Group is one of the leading players in the global market for
seaborne transportation and storage of chemicals and other specialty bulk
liquids. The Odfjell fleet comprises of approx. 70 ships, which trade both
globally and regionally. The tank terminal division consists of four tank
terminals and is part of a network of another 10 tank terminals partly owned by
related parties. The tank terminals are strategically located at selected
international shipping hubs. The Odfjell Group's headquarters are in Bergen,
Norway, and the Group has offices in 13 locations around the world. Odfjell
employs around 2300 staff and posted annual gross revenue of USD 1310 million in
2022. Read more on Odfjell.com (https://www.odfjell.com/).
This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.