Effective 1 February, Odfjell has entered into an agreement with its Saudi-Arabian partner National Chemical Carriers Ltd. Co (NCC) to bare-boat charter their three 37,000 stainless steel parcel tankers for ten years with purchase options after three years.
The three ships are NCC Jubail (1996), NCC Mekka (1995) and NCC Riyad (1995). The ships will continue to be operated by Odfjell Tankers in global trades. Odfjell Ship Management will continue to be responsible for crewing and technical management, and the ships will remain in the Norwegian International Ship Register.
Furthermore, Odfjell has entered into three to six years time-charters for three ships that until recently were owned by National Chemical Carriers Ltd. Co. These ships are NCC Baha (24,728 dwt/1988), NCC Asir (23,001 dwt/1982) and NCC Arar (23,002 dwt/1982).
All these ships have been traded in the Odfjell Pool. Following these transactions National Chemical Carriers Ltd. Co has no further ships in the Odfjell Pool, but still remains an important business partner for Odfjell.