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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.

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