Odfjell surpassed expectations

Surprisingly positive developments in Europe gave chemical tanker Odfjell a better result than expected.

Photo: Odfjell

Odfjell had an operating profit of USD 36 million in the 2nd quarter 2013, and the result surpassed expectations due to an increased utilization rate of the chemical fleet and the market, writes the company in its financial report on Friday.

The timecharter result increased by eight percent compared to the previous quarter, while the average freight rate per ton increased by two percent.

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