Odfjell adds Japanese chemical tanker pair

Norway’s Odfjell is adding two 36,000 dwt chemical tankers to its fleet, signing long term bareboat charter for the vessels which are to be built in Japan.

The two vessels, with 28 stainless steel cargo tanks, are scheduled for delivery in the fourth quarter of 2019 and second quarter of 2020 and will be chartered to Odfjell for a minimum of ten years.

Kristian Mørch, CEO of Odfjell, commented: “These charter agreements are further steps in the renewal program of our large sophisticated chemical tankers. We believe the timing is good, and these charter agreements is a capital efficient way to achieve part of our replacement- and growth targets.”

Odfjell revealed that it entered into a similar long term charter agreement last month for two 35,500 dwt stainless steel chemical tankers to be built at Shin-Kurushima dockyard in Japan. These charters are for a minimum of eight years, with the vessels scheduled for delivery in fourth quarter of 2018 and first quarter 2019.

Odfjell has also exercised an option to acquire 2005-built chemical tanker Bow Architect for $16.7 million. The vessel has been on charter to the company since 2005.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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