Odfjell orders four chemical tankers from HMD

Odfjell-at-seaJULY 31, 2012 — Bergen, Norway, based Odfjell has signed a shipbuilding contract with South Korea's Hyundai Mipo Dockyard Ltd. for construction of four chemical tankers of 46,000 dwt design draft with 22 coated cargo tanks.

The contract price is close to $160 million and Odfjell has also signed an option agreement for an additional four sister vessels, at the same prices.

The new ships will have an eco-friendly design with less fuel consumption. Deliveries are scheduled between January and July 2014. They will replace a number of old vessels Odfjell has recycled during recent years.

Want more? Subscribe now!

News from NASDAQ