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Odfjell Enters Long-Term Timecharter

Maritime Activity Reports, Inc.

October 13, 2003

Odfjell announced the long-term timechartering of two 30,000 dwt. stainless steel type tankers to be built in and owned from Japan. These ships will enter service during 2005 and 2006, bringing the number of such deep-sea chemical tankers chartered by the company to a total of five.

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