Odfjell SE announces signing of a LOI for two additional chemical tankers

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Odfjell SE is pleased to announce the signing of a letter of intent for two additional chemical tankers with stainless steel cargo tanks to be built by Hudong-Zhonghua Shipbuilding Group CO LTD in China The vessels will be 38000 dwt with 40 tanks and a cargo capacity of about 45000 cbm Both vessels will be prepared for dual fuel solution This order will follow the orders already committed at the yard for four 49000 dwt vessels with 33 stainless steel cargo tanks The letter of intent also includes options.  Hudong-Zhonghua Shipbuilding has delivered several large chemical tankers with stainless steel cargo tanks over the last years and the yard is regarded as one of the very few Chinese construction facilities able to meet Odfjells quality standards for building advanced chemical tankers. The capital commitments will be about USD 116 million "Following this order and other commitments recently taken most of our renewal needs for the super segregators have been met said Kristian Mrch CEO of Odfjell SE For more information Kristian Mrch CEO Odfjell SE Tel 47 55 27 00 00 E-mail: kristianmorchodfjellcom This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clientsThe issuer of this announcement warrants that they are solely responsible for the content accuracy and originality of the information contained thereinSource Odfjell SE via Globenewswire br/>

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Thomson Reuters: 08:28 GMT Monday 20th March 2017

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