The terminal business of Odfjell SE has faired well compared to the tanker part of the business.

EBITDA for the company stood at $41m compared to $46m in Q1. Chemical Tankers EBITDA stood at $31m compared to $36m in the previous quarter. Odfjell Terminals EBITDA stood at $10m up $1m from quarter one.

The potential sale of Odfjell SE’s share of the terminal in Singapore has generated high interest from potential investors

CEO of Odfjell SE, Kristian Mørch said: “We are not satisfied reporting a net loss for the quarter, but our operational performance remains strong. The CTG transaction completed our current growth ambitions and ensures that Odfjell can continue to offer competitive and efficient service to our customers.”

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7th Sept

7th September 2017