Odfjell suspends Le Havre project

Odfjell Terminals has suspended its planned project for a new storage facility in the French port of Le Havre, citing economic uncertainty in the French and European petrochemical sectors. The Norwegian operator was to have invested €150-200 million in the 31.5ha, 400,000 cbm terminal. Odfjell told French media that it remained interested in Le Havre as a strategic port location but it would need further commitments from the petrochemical sector to proceed with the project.

 

In the meantime, the port authority – Grand Port Maritime du Havre (GPMH) – said it will call for further expressions of interest in developing the facility.