Odfjell orders newbuildings

05-07-2010

Odfjell has today signed an agreement with Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) to build one fully IMO II 75,000 dwt chemical tanker with 31 coated tanks for delivery first half 2013 at a total price of about USD 65 million.

On the same date our J/V partners National Chemical Carriers of Saudi Arabia (NCC) has ordered a sister vessel with expected delivery late 2013.

The ships will be commercially operated by our J/V NCC Odfjell Chemical Tankers JLT (NOCT), based in Dubai.

Both Odfjell and NCC have options for one more vessel each.

For more information, please contact: President/CEO Jan A. Hammer on mobile +47 908 39 719. E-mail: jan.hammer@odfjell.com

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 includes about 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