Odfjell SE signs final agreement to acquire 5 stainless steel newbuildings and formation of pool for

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

ID: 552306

(Thomson Reuters ONE) -


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(at)odfjell.com



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




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Odfjell SE via GlobeNewswire






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Bereitgestellt von Benutzer: hugin
Datum: 13.07.2017 - 14:23 Uhr
Sprache: Deutsch
News-ID 552306
Anzahl Zeichen: 1519

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