Odfjell signed shipbuilding contracts with Nantong Sinopacific Offshore & Engineering Co., Ltd for construction of four LPG/Ethylene gas carriers of 17,000 cbm.
During the last years this shipyard has delivered several gas carriers, and is regarded to have one of the very few construction facilities in China able to meet Odfjell's quality standards for building of such ships. Deliveries are scheduled between October 2015 and May 2016.
The contract price in total is in the region of $180 million (USD). Odfjell has also secured various options for delivery of up to four additional gas carriers.
Today Odfjell is operating two LPG/Ethylene carriers of 9,000 cbm. This newbuilding order is an important step in the company's long-term strategy to grow and become a significant owner and operator in the gas market.