Odfjell SE 2Q results: Slightly weaker second quarter in line with guidance from the previous quarter
Odfjell SE today reported results for 2Q 2017. The results reflect a weaker spot market for chemical tankers, however the Company's contract portfolios in both chemical tankers and terminals continue to soften the impact of the challenging markets. Odfjell SE reports EBITDA of USD 41 mill compared to USD 46 mill in 1Q 2017 and a net result of -USD 5 mill compared to USD 2 mill in 1Q 2017. Highlights for the second quarter of 2017:· Odfjell chemical freight index (ODFIX) down 1.3% compared to previous quarter· Chemical Tankers EBITDA: USD 31 mill compared to USD 36 mill in the