Odfjell sells ship for recycling

23-11-2010

Odfjell has agreed to sell the MT Bow Panther (40,263 DWT/built 1986), a parcel tanker with coated tanks, for recycling in India.

The vessel will obtain Green Passport prior to delivery and Buyers undertake that the recycling yard shall submit a working plan corresponding to IMO guidelines for ship recycling.

The sales price will give a loss of about USD 2 million.

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 comprise 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 headquartered 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