Odfjell Hires 4 Chemical Tanker Newbuilds

Bow Favour in Sun Set

Odfjell SE has signed a framework agreement with Sinochem Shipping Singapore whereby Odfjell will take four newbuilding 40,900 dwt chemical tankers on long-term bareboat charters.

The bareboat charters include purchase options at the end of the charter period.

The ships are part of a total newbuilding order of eight chemical tankers.

Sinochem will continue to own four vessels, which together with the four bareboat vessels will form a pool of eight 40,900 dwt chemical tankers. The pool will be managed by Odfjell SE and the vessels will trade as part of the Odfjell Tankers fleet.

The series of newbuildings are built at Hantong Wing Shipyard in China.

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