Odfjell SE, Crystal Pool Form Joint Venture
Odfjell announced the formation of Odfjell Euroceanica As, a 50/50 Joint Venture between Odfjell SE (ODJAF) and Euroceanica Ltd. The J/V will trade all vessels currently operated by Crystal Pool and Odfjell Europe in the European short sea market.
The J/V will commercially manage and operate a fleet of 14 stainless steel vessels under the name of Crystal Pool:
Euro Mora 1998 3.670 mt 3.782 STST 1C
Euro Corallo 1999 4.470 mt 4.452 STST 1C
Bow Bracaria 1997 5.870 mt 5.941 STST 1A
Bow Balearia 1998 5.870 mt 5.941 STST 1A
Bow Brasilia 1997 5.870 mt 5.941 STST 1A
Bow Pilot 1999 6.008 mt 6.865 STST 1C
Crystal Ambra 1998 8.053 mt 8.399 STST 1A
CrystalAmethyst 1994 8.143 mt 9.346 STST 1A
Crystal Emerald 1994 8.143 mt 9.346 STST 1A
Crystal Pearl 1994 8.143 mt 9.346 STST 1A
Crystal Skye 1998 9.554 mt 10.689 STST 1A
CrystalAmaranto 1999 9.931 mt 10.893 STST 1A
Crystal Topaz 2006 11.340 mt 11.879 STST 1A
Crystal Diamond 2006 11.340 mt 11.879 STST 1A
The new Crystal Pool set-up will open up for possibilities to offer combined services from Baltic to and from the Mediterranean, and give extensive world-wide coverage via the global presence and services of Odfjell Tankers.
Existing contracts and commitments with all respective customers will remain unchanged. The new J/V looks forward to starting renewal dialogues of existing contracts as well as discussing new contracts and commitments for 2012 and beyond.
The J/V will be fully operative as from 01 September 2011, working out of two locations, Helsinki, Finland and Bergen, Norway.