Search results for: Odfjell

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  • 21 September 2018
    Business & Finance

    Odfjell SE has finalized the sale of Odfjell Terminals Rotterdam (OTR).

  • 4 May 2015
    Business & Finance

    The Board of Directors of Norwegian shipping company Odfjell SE has appointed Kristian Mørch as the company’s new CEO/President. Mørch is set to succeed the current interim CEO/President Tore Jakobsen by the beginning of November 2015. Mr Mørch presently holds the position as co-CEO of Clipper Group. He has previously been COO of Maersk Tankers, […]

  • 24 August 2017
    Business & Finance

    The weaker spot market for chemical tankers has pushed Norwegian shipping and tank terminal company Odfjell SE to a net loss in the second quarter of 2017. However, Odfjell said that its contract portfolios in both chemical tankers and terminals continue to soften the impact of the challenging markets. The company swung to a net loss […]

  • 12 May 2020
    Business developments & projects, Infrastructure, Ports & Logistics, Storage

    Odfjell Terminals (China) Pte. Ltd. (OTC) has completed the sale of its 50 per cent interest in a chemicals storage terminal in the Port of Dalian to VTTI Terminals, a subsidiary of the Netherlands-based VTTI group.

  • 2 July 2018
    Business & Finance

    Odfjell SE about to sell the terminal facility in the port of Rotterdam to its Dutch counterpart Koole Terminals B.V. 

  • 4 November 2015
    Business & Finance, Exploration & Production

    Odfjell Drilling has secured more work for the Deepsea Metro I drillship, as Vietgazprom has exercised the first well test period for the vessel. To remind, the Deepsea Metro I began its contract with Vietgazprom in August 2015 in blocks 130 and 131 offshore Vietnam. The firm contract period is expected to end in mid-January 2016. According to a […]

  • 22 June 2009

    IHC Lagersmit and Odfjell Tankers have signed an agreement to retrofit the stern tube seals on some Odfjell vessels, replacing them with IHC Lagersmit stern tube seals. IHC Lagersmit specialises in sealing solutions for rotating shafts. Odfjell Tankers is the chartering, operating and management company of the Odfjell Group. The company manages a fleet of […]

  • 24 August 2018
    Business & Finance

    Norway’s Odfjell SE suffered a net loss of USD 120 million in the second quarter of this year.

  • 12 September 2013
    Business & Finance

    Odfjell Terminals, a leading global storage provider for chemicals, petroleum products and gases, announced the appointment of David Ellis as President, effective immediately. Mr. Ellis will be responsible for the leadership of Odfjell Terminals’ global activities. Mr. Ellis has been with Odfjell SE since 1996 and Odfjell Terminals since 2005, most recently serving as the […]

  • 20 December 2012
    Business & Finance

    Odfjell Drilling was awarded BP’s Key Supplier Safety Award last week for the company’s services in connection with BP’s activities in the North Sea. BP recognises in particular Odfjell Drilling’s services on the Harding platform, where there have been no “days away from work cases” for nine consecutive years. “We are proud and honoured to […]

  • 27 February 2017
    Business & Finance

    Norwegian shipping and tank terminal company Odfjell SE has entered into long term charter agreements for two new advanced chemical tankers. The 35,500 dwt tankers, which will feature 28 stainless steel cargo tanks, will be constructed in the Japanese Shin-Kirushima dockyard. Ordered by a Japanese owner against a long term charter to Odfjell, the new […]

  • 10 September 2014
    Business & Finance, Equipment

    Odfjell Drilling’s well service division, Odfjell Well Services, has entered into a new contract with Statoil for tubular running services and rental services on the Norwegian continental shelf.

  • 8 August 2013
    Business & Finance

    Odfjell Terminals has entered into a Letter of Intent to purchase Chem-Marine Corporation of South Carolina. Chem-Marine controls a 25.3 acre/10.2 hectare site through a long term land lease, and is located adjacent to Odfjell’s tank terminal in North Charleston, South Carolina, USA. The property is situated on the Cooper River and has a 250 […]

  • 19 May 2011
    Business & Finance

    With reference to the stock exchange announcement 13 December 2010 in which Odfjell announced a process to evaluate strategic alternatives for its Rotterdam tank terminal, the Company today informs that it has entered into a letter of intent to form a strategic partnership with affiliates of US-based private equity firm Lindsay Goldberg LLC. The selection […]

  • 16 July 2019
    Business & Finance

    Odfjell SE has finalized the sale of its stake in Odfjell Terminals (Jiangyin), China.

  • 14 December 2017
    Exploration & Production

    Offshore drilling contractor Odfjell Drilling is looking to reduce pay for its offshore workers. 

  • 6 May 2013

    The naming ceremony for Hull No. 2018, the world’s biggest 75,000 DWT chemical tanker ordered by Odfjell SE was held at E2 quay on 29th April. Mrs. Arnhild Odfjell, spouse of Mr. Bernt Daniel Odfjell, the former chairman of Odfjell, named her ‘Bow Pioneer’. It is the same name that was given to the first […]

  • 13 March 2012
    Business & Finance

    Odfjell Offshore, the rig owning subsidiary of international drilling contractor Odfjell Drilling, has initiated an equity private placement to raise USD 400 to 500 million to further develop its current fleet of six state-of-the-art ultra deepwater (UDW) and harsh environment offshore drilling units. In addition Odfjell Offshore may over-allot up to 10% of additional new […]

  • 18 February 2011
    Business & Finance

      Norwegian Minister of Trade and Industry Trond Giske opened Odfjell Drilling’s new office in Rio de Janeiro today. “We see Brazil as a particularly important market and wish to become a player in the Brazilian deepwater market in the years ahead,” says Odfjell CEO Simen Lieungh. “Brazil’s vast oil and gas reserves represent an […]

  • 11 February 2016
    Business & Finance

    Bergen-based shipping and tank terminal company Odfjell has reported a drop in 2015 net loss to USD 36 million, including negative effect from bunker derivatives of USD 64 million, compared with a net loss of USD 75 million in 2014. Net loss of the quarter stayed at USD 18 million, the same as in the fourth quarter of 2014. Stable financial […]

  • 20 October 2017
    Business & Finance

    Odfjell Terminals B.V., a joint venture between Odfjell SE and Lindsay Goldberg, has inked a deal with a fund managed by Macquarie Infrastructure and Real Assets to sell its 50% ownership in Oiltanking Odfjell Terminal Singapore for USD 300 million. This implies an enterprise value of around USD 330 million for Odfjell Terminals B.V.’s share in […]

  • 14 October 2011
    Business & Finance

      Odfjell has today entered into a contract for the purchase of MT Holly Galaxy, a 19,975 dwt chemical tanker (IMO II/III) with 22 stainless steel cargo tanks, built in 2006 at Fukuoka Shipbuilding in Japan. The vessel will be delivered in December 2011 and shall be traded regionally in South America. Company is in […]