Odfjell SE purchases stainless steel chemical tanker in second hand transaction

23-05-2017

Odfjell SE is pleased to announce the purchase of M/T Argent Eyebright. The vessel was built in November 2009 by Kitanihon Shipbuilding in Japan.

The vessel has 16 stainless steel tanks and fits well with our fleet of Large Stainless Steel Tankers. The purchase is in line with Odfjell's fleet renewal strategy.

The Argent Eyebright has been on short term Time Charter to Odfjell Tankers since January 2017, and will be purchased at a price of USD 25,5 million.

The vessel will be renamed and put under NIS flag after closing the transaction end of June.

The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other speciality bulk liquids. The Odfjell fleet comprises of approx. 75 ships, which trade both globally and regionally. The tank terminal division consists of ten tank terminals and is part of a network of another 14 tank terminals partly owned by related parties. The tank terminals are strategically located at important international shipping hubs. The Odfjell Groupís headquarters are in Bergen, Norway, and the Group has offices in 18 locations around the world. Odfjell employs around 3,000 staff and posted annual gross revenue of USD 825 million in 2016. Read more at Odfjell.com.

Odfjell press release