Odfjell delivers significantly improved full-year result

Odfjell achieved a significantly better net result in 2016, due to factors such as group efficiencies, according to the carrier's annual report. Part of the development is attributed to the sale of the Oman terminal. CEO Kristian Mørch launches a new strategy.

by TOMAS KRISTIANSEN

Norway's Odfjell, which consists mainly of chemical tanker carrier Odfjell Tankers, delivered a net profit of USD 100 million for 2016 against a deficit of USD 36 million the year before.

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"Everyone knew that something had to be done at Odfjell"
Odfjell: We will actively participate in consolidation
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Odfjell delivers USD 60 million operating profit
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