Odfjell to re-enter the gas market
(Thomson Reuters ONE) -
Odfjell has acquired two modern LPG/Ethylene gas carriers of about 9,000 m3
carrying capacity each from two Singaporean companies controlled by the BLT
Group. The vessels, MT Gas Sumbawa and MT Gas Lombok were built at STX
Shipbuilding, Korea in 2008. Delivery to Odfjell will take place in August and
September 2012.
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.
For more information; please contact:
Jan A. Hammer, President/ CEO Odfjell SE
Tel: + 47 55 27 00 00
Email: jan.hammer(at)odfjell.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Odfjell SE via Thomson Reuters ONE
[HUG#1621646]
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Datum: 25.06.2012 - 04:07 Uhr
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