Gas And Oil Resurgence News

Odfjell SE reported that fourth quarter shows EBITDA of $18 million, compared with $17 million in the fourth quarter of 2012. Time-charter results are down 5% compared with last quarter due to lower volume shipped. Impairment of net $76 million recognized related to Odfjell Terminals (Rotterdam) (OTR). Activities slowed somewhat during the fourth quarter, Odfjell said, and combined with significant delays, scheduling constraints and ensuing cancellations, the result for the quarter trailed the previous quarter.