Odfjell's new gas vessels significantly delayed

Odfjell is looking to grow in the gas market, but the shipping group's new gas vessels have been delayed at the Chinese shipyard. "The delay is serious enough that we have to sit down with the yard, look at the contract and see what we can do," CEO Kristian Mørch tells ShippingWatch.

Chinese shipbuilder Nantong Sinopacific Offshore & Engineering Co. had approximately two years to build the first ships in an order for a total four LPG/Ethylene vessels for Norwegian Odfjell, which in relation to the order in 2013 described the move as an important step in the company's long-term strategy to grow as a significant owner and operator in the gas sector.

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