Odfjell SE expands stainless steel chemical tanker pool in a new partnership with Navig8 Chemical Tankers Inc
Odfjell SE announces today that the company has reached an agreement with Navig8 Chemical Tankers Inc (N8CTI, a N-OTC registered company), where the latter will add 4 modern 25,000 dwt stainless steel chemical tankers to Odfjell’s existing pool, the Chempool25.
Following delivery of the vessels, the pool will total 19 vessels with Odfjell contributing with 10 vessels, CTG 5 vessels and N8CTI 4 vessels. Odfjell will continue to be the operator of all vessels in the pool.
“We are pleased to welcome N8CTI as a partner. N8CTI brings first-class vessels to the pool, and we look forward to the cooperation and to further develop our pool partnerships. With this expansion, Odfjell will operate one of the largest fleets of modern 25,000 dwt stainless steel chemical tankers in the world. This is another step in consolidating the chemical tanker industry, and it enables us to offer unparalleled flexibility and service to our customers,” said Kristian Mørch, CEO of Odfjell SE.
The 4 vessels are expected to enter the pool during 1Q2020. The Chempool25 fleet operates as part of Odfjell’s total commercial fleet of around 80 advanced chemical tankers, trading around the world.
For more information:
CEO, Odfjell SE
Tel: +47 476 88 476
The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids. The Odfjell fleet comprises of approx. 80 ships, which trade both globally and regionally. The tank terminal division consists of six tank terminals and is part of a network of another 13 tank terminals partly owned by related parties. The tank terminals are strategically located at selected international shipping hubs. The Odfjell Group’s headquarters are in Bergen, Norway, and the Group has offices in 17 locations around the world. Odfjell employs around 2300 staff and posted annual gross revenue of USD 851 million in 2018. Read more on Odfjell.com.