Odfjell sells ship for recycling

17-02-2010

Odfjell has entered into an agreement to sell the coated parcel tanker
MT Bow Power (45 655 DWT/built 1987) for recycling in India.

The sales price is close to the book value. The vessel will be delivered with Green Passport, and Buyers undertake that the recycling yard shall submit a working plan corresponding to IMO guidelines for ship recycling.

The Odfjell Group is a leading participant in the global market of the seaborne transportation and storage of chemicals and other speciality bulk liquids. The Odfjell fleet exceeds 90 ships, trading both globally and regionally. The tank terminal division consists of nine fully or partially owned tank terminals and nine associated tank terminals strategically located. The Odfjell Group is headquarted in Bergen, Norway and has more than 20 offices world wide. Odfjell has about 3 700 employees and an annual gross revenue of about USD 1.3 billion.

Odfjell