Odfjell sells ship for recycling

Monday, Mar 08, 2010

Odfjell has entered into an agreement to sell the parcel tanker MT Bow Fighter (35,100 DWT/built 1982) for recycling in India.

The sales price is close to the book value. The vessel has Green Passport and Buyers undertake that the recycling yard shall submit a working plan corresponding to IMO guidelines for ship recycling.

The Odfjell Group is a leading participant in the global market of the seaborne transportation and storage of chemicals and other speciality bulk liquids. The Odfjell fleet exceeds 90 ships, trading both globally and regionally. The tank terminal division consists of nine fully or partially owned tank terminals and nine associated tank terminals strategically located. The Odfjell Group is headquarted in Bergen, Norway and has more than 20 offices world wide. Odfjell has about 3 700 employees and an annual gross revenue of about USD 1.3 billion.

Source: Odfjell Group