Odfjell SE: Chemical tanker market remains challenging despite some seasonal improvements in 4Q 2017
Odfjell SE today reported results for 4Q 2017. The results reflect a challenging chemical tanker market with some seasonal improvements. The market for terminals improved slightly compared to 3Q. Odfjell reports EBITDA of USD 41 mill compared with USD 37 mill in the previous quarter. Highlights for the fourth quarter of 2017:· Net results of USD 96 mill compared to -USD 11 mill previous quarter 2017 · Net results include capital gain of USD 136 mill and impairments of negative USD 43 mill · The concluded sale of Odfjell Terminal B.V.'s Singapore terminal contributed with USD 150