Norway-based chemical-shipowner and terminal owner Odfjell had an operating profit (EBITDA) of USD 25 million in the fourth quarter 2014 while the bottom line showed a deficit of USD 18 million.
The Odfjell board of directors announced last year that it would review all aspects of the company's business model in an effort to improve earnings. The new plan is expected to improve net results by USD 100 million a year during 2016.
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