Odfjell sells ships and exits gas market

Odfjell announces its exit from the gas market, as its subsidiary Odfjell Gas Shipowning AS sells two ships to BW Epic Kosan.

The depicted vessel is Bow Explorer and not among the sold vessels | Photo: Hudong-Zhonghua Shipyard / Odfjell SE

Norwegian shipping company Odfjell SE announces its exit from the gas carrier segment, as its subsidiary Odfjell Gas Shipowning AS has sold two LPG/Ethylene vessels to BW Epic Kosan (BWEK).

The vessels, Bow Guardian and Bow Gallant, was built in Korea in 2008, partly paid for in cash, "to be used for the full repayment of mortgaged loans on the vessels, and partly by the issuance of 6,889,611 freely transferable shares in BWEK," reads a statement from Odfjell SE released today.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs