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The main reasons for Odfjell to re-enter the gas market are: Ocean transportation of LPG/Ethylene is strongly related to the chemical tanker market, in which Odfjell is already a major and leading operator, as customers and broker community are often the same. We have know-how and competence related to this market segment. Our brand-name and global marketing/operational network will give us a competitive advantage. The market is industrial and has in recent years shown earnings stability. Future demand for gas, both LPG and LNG, shows continued growth potential. Odfjell will evaluate further investments in the gas market. Odfjell press release |
