22.06.2015 15:02:23

Odfjell SE : Odfjell exiting European regional trade

Odfjell has today signed an agreement for the sale of Bow Balearia, Bow Bracaria and Bow Brasilia, all 5,800 dwt, built 1997/1998. The vessels are the last remaining vessels within Odfjell's trade in the European short sea market, and are being divested as a part of the Company's cost-cutting and efficiency programme which includes exiting from unprofitable trades. The sales will result in an accounting loss, but will have a positive effect on the group's liquidity and profitability.

For more information:

Tom A. Haugen
E-mail: tom.haugen@odfjell.com
Tel: + 47 905 96 944




This announcement is distributed by Nasdaq OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Odfjell SE via Globenewswire

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