Odfjell Expands in Brazil

Tuesday, February 26, 2008
In 1999 Odfjell entered into a 50% ownership in Flumar Transportes de Quimicos e Gases Ltda (Flumar) in Brazil. Flumar, headquartered in Sao Paulo, is a 50/50 joint-venture between Odfjell SE and Kristian Gerhard Jebsen Skibsrederi (KGJS), both in Bergen, Norway. KGJS and Odfjell have entered into an agreement whereby Odfjell acquires 100% of Flumar. The transaction comprises contracts and ownership of four ships, which are transporting chemicals primarily along the Brazilian coast, where local flag is a requirement. The agreed total price for the four ships on a 100% basis is about USD 50 million. Odfjell's shipping activities in Brazil have increased substantially over the last years, and the acquisition of 100% of Flumar will further strengthen our position in this important regional market.
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

United States Submits Formal Plan for Paris Climate Talks

The United States on Tuesday formally submitted its climate change strategy to the United Nations, outlining domestic measures it is taking to achieve up to a 28

DryShips to Sell its Suezmax Tanker Fleet

DryShips Inc. (NASDAQ: DRYS), has announced  that it has entered into firm sales agreements with entities controlled by the Company's Chairman and Chief Executive Officer,

Shipbuilding: Mitsui Delivers Bulk Carrier

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. Desert Osprey (MES Hull No. 1862) at its Chiba Works

 
 
Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1422 sec (7 req/sec)