Odfjell closes Oman tank terminal sale

Odfjell closes Oman tank terminal sale

Odfjell Terminals has completed the sale of its 29.75% stake in Oman tank terminal for $130m.

The transaction will bring a net gain of approximately $90m for Odfjell Terminals, which is a joint venture between Odfjell SE and Lindsay Goldberg in which Odfjell holds a 51% stake.

Odfjell Terminals currently owns ten terminals worldwide with a combined storage capacity of 4.8 million cubic meters.

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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