Busy quarter for Odfjell SE in a continued challenging chemical tanker market
Odfjell SE today reported its results for 1Q 2018. The results reflect a challenging chemical tanker market and a busy quarter of delivery and redeliveries of vessels for Odfjell SE. Results in Odfjell Terminals was stable when adjusting for reduced income from Singapore terminal that was sold in 4Q 2017. Odfjell SE reports EBITDA of USD 34 million compared with USD 41 million in the previous quarter. Highlights for the fourth quarter of 2017:· Net results of -USD 12 million compared to USD 104 million in last quarter· EBITDA of USD 27 million from Odfjell Tankers compared to USD 31