Odfjell has entered into an agreement with SLS Shipbuilding Co Ltd, Korea, to acquire one 51,000 DWT IMO 3 product tanker. The agreed price is about USD 33.5 million. The vessel is scheduled for delivery medio April 2010.

 

For more information please contact: Tore Jakobsen, Senior Vice President, ph.: + 47 55 27 00 00 or e-mail: tore.jakobsen@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 exceeds 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.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)