Kristian Mørch delivered black figures in his final Odfjell result

After seven years as CEO of Norwegian company Odfjell, departing Chief Executive Kristian Mørch and the chemical tanker carrier present a profit for the second quarter in a row, confident in ”stronger results” for the chemical tanker market.

Photo: Gunnar Eide/Odfjell

For the second quarter in a row, Odfjell presents black bottom-line figures, expecting even ”stronger results” for the chemical tanker carrier in the year’s second quarter with a generally positive view of market developments.

According to Odfjell’s interim report, the carrier landed first-quarter earnings before interest, taxes, depreciations and amortizations (EBITDA) of USD 67.4m, with a net result of USD 11.1m. In comparison, the same quarter last year saw EBITDA at USD 53.2m and a deficit of USD 15.6m.

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