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Odfjell: We will actively participate in consolidation

After CEO Kristian Mørch has completed his first large-scale cost reduction initiative at Odfjell, he sets the stage for growth and a new fleet expansion – as well as a broader consolidation in which the carrier will play a proactive part, he tells ShippingWatch.

Photo: Odfjell

Following several years marred by large deficits, major Norwegian chemical tanker carrier Odfjell can now once more look ahead with confidence that the future holds growth and a fleet expansion.

In an interview with ShippingWatch, CEO Kristian Mørch explains that Odfjell's management team is now "talking a lot about strategy," after the past 18 months have been mainly focused on implementing efficiencies through the so-called Felix project – a project which wound up slashing USD 109 million from the carrier's costs, even though the original target was just USD 100 million.

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