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 January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Zamakona, Finnish GS-Hydro Ink Deal

The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

Naval EXPO Coming to Washington

For the first time ever, the general public will be admitted free to the Naval Future Force Science and Technology EXPO general exhibit hall Feb. 4-5 where they

Adani Group Revamps Businesses

Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced

 
 
Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.1452 sec (7 req/sec)