Odfjell SE: A weak chemical tanker market that improved towards the end of the quarter
Odfjell SE today reported its results for the fourth quarter of 2018. The results reflect a weak chemical tanker market that improved towards the end of the quarter, and stable underlying results from Odfjell Terminals. Odfjell SE reports EBITDA of USD 33 million compared with USD 31 million in the previous quarter. Highlights for the fourth quarter of 2018: · Chemical tanker spot rates improved towards the end of 4Q18, which seems to continue into 1Q19 · EBITDA of USD 27 million from Odfjell Tankers compared to USD 27 million in 3Q18. EBITDA was impacted by higher G&A in 4Q18