Odfjell Expands its Chemical Tanker Fleet

Friday, September 22, 2006
Odfjell has invested more than $130m recently in expanding its fleet, acquiring five chemical tankers. Four of the chemical tankers are second-hand ships with stainless steel cargo tanks and are built between 1995 and 1997.

M/T "Giada D" (10 115 dwt./built 1996) is built in Italy, and was delivered 12 September from Italian owners. The vessel has been renamed "Bow Querida".

M/T "Euro Azzurra" (13 843 /1997) is built in Italy, and will be delivered late 2006/early 2007 from English owners. This ship is acquired by a Norwegian 50/50 joint venture company owned by Odfjell ASA and Kristian Gerhard Jebsens Skipsrederi AS.

M/T "Brage Atlantic" (17 460/1995) and M/T "Brage Pacific" (17 460/1997) are built in Norway. The vessels are bought from Norwegian owners, and delivery will take place in first and second quarter 2007.

On 13 September 2006 a Joint Venture company in China, owned 49 % by Odfjell ASA took delivery of a newbuilding of 3 850 dwt. This chemical tanker with MarineLine cargo tanks will operate in the Chinese domestic market.

Further, Odfjell has sold M/T "Bow Heron" (35 289/1979) to Norwegian owners. She is built in Norway in 1979 and has mainly coated cargo tanks. The ship will be delivered to the new owners in November 2006. The net profit from this transaction will be USD 0.7 mill.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Libya Eastern Oil Company Blocks Tanker Loading Crude for Tripoli Rival

An oil company set up by Libya's eastern government is preventing a tanker from loading a cargo for its Tripoli rival, the National Oil Corporation (NOC), officials said on Tuesday.

CRMG Cranes Arrive in Mersey for Liverpool2

First six of 22 to be installed at £300m terminal; arrival marks end of 13,730 mile (11,930nm) journey from Nantong, China   The first six cantilever rail-mounted

UN to Start Inspecting Commercial Shipments to Yemen

The United Nations will start inspecting shipments to rebel-held ports in Yemen in a bid to boost commercial imports and enforce an arms embargo, the world body said on Tuesday,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.1862 sec (5 req/sec)