Norwegian Odfjell, which is headed by former Clipper CEO Christian Mørch - and which recently sold its characteristic headquarters - has taken efficiency measures leading to a profit, but then lost it all in bunker hedging, which brings down the net result for 2015 after taxes to a deficit of USD 36 million (with bunker impairments of USD 64.3 million). However, this is a clear improvement compared to 2014 which saw a deficit for the full year of USD 75 million.
This is evident from Odfjell's annual and fourth quarter interim report for 2015.
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