Odfjell SE 2Q23: A robust and profitable contract portfolio contributed to another strong quarterly result
Odfjell SE today reported its results for the second quarter of 2023. The report shows another strong financial quarter for Odfjell on the back of more revenue days for the fleet and higher contract volumes.Highlights - 2Q23: · Time charter earnings in Odfjell Tankers ended at USD 185 million, compared to USD 181 million in 1Q23 · EBIT of USD 79 million compared to USD 68 million in 1Q23 · A record strong net result of USD 53 mill. Net result adjusted for one-off items was USD 53 mill compared to USD 46 mill in 1Q23 · Rates on renewed COAs during the quarter were up 8% on