Odfjell signs final agreement to acquire 5 stainless steel chemical tankers

Odfjell has signed an agreement with Chemical Transportation Group, Inc ("CTG") to acquire five stainless steel newbuildings and to form a pool of 15 x 25,000 dwt vessels, the Company said in a press release.

Odfjell SE will take delivery of the first vessel on 14 July 2017 and the remaining 4 newbuildings will be delivered in intervals up until May 2018.

The 5 newbuildings fully owned by Odfjell SE and the formation of the pool are expected to have a positive contribution on Odfjell SE's returns and will strengthen our position and competitiveness in the current state of the chemical tanker market.