Odfjell SE - Fourth Quarter 2010 Results

09-02-2011



- Time-charter results up 11% compared to third quarter
- Continued solid results from tank terminals
- Break-even net result in fourth quarter
- EBITDA 2010 USD 169 million
- Net result 2010, including non-recurring tax of USD 42 million, negative USD 79 million

Please find report of the Fourth Quarter 2010 Results at www.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 comprises 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