Odfjell SE - Third Quarter Result 2010

17-11-2010

- Time-charter results decreased 3% compared to second quarter
- Continued solid results from tank terminals
- EBITDA first nine months 2010 USD 123 million
- Gain of USD 3.9 million from termination of three out of six shipbuilding contracts
- Net liquidity of USD 43 million from new USD 225 million loan facility
- Net liquidity of USD 46 million from sale of two vessels with capital gain of USD 26 million in Q1 2011

Detailed report at:
http://www.odfjell.com/PressRoom/NewsAndPressReleases/Pages/OdfjellQ32010Results.aspx

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