Odfjell Gas AS is pleased to announce that they have entered into an agreement with Lauritzen Kosan AS, placing their existing two LPG/Ethylene carriers, Bow Guardian and Bow Gallant, on Commercial Management with similar size tonnage operated by Lauritzen Kosan.

As of completion of present programme, Lauritzen Kosan will assume the commercial and operational responsibility for Bow Guardian and Bow Gallant.

The two carriers will enter the Lauritzen Kosan 8-9000 cbm pool, presently counting eleven ships, out of which three vessels are sister ships to Bow Guardian and Bow Gallant.

Odfjell Gas is pleased to be associated with the Lauritzen Kosan team and to be an integral part of this strong platform within the LPG/Ethylene segment.

For more information please contact:

Knut H. Holsen
SVP Odfjell Gas
Tel: + 47 906 89 123
E-mail: knut.holsen@odfjell.com

About Lauritzen Kosan
Lauritzen Kosan is a global provider of safe and reliable ocean transport solutions of liquefied gases including petrochemical gases and energy gases (LPG). Lauritzen Kosan's modern and flexible fleet of 41 LPG carriers in the range of 3,000-9,0000 cbm, can offer fully refrigerated ethylene, semi-refrigerated and pressurised gas carriers which is capable of handling a variety of cargoes. Lauritzen Kosan is headquartered in Denmark.


About Odfjell Gas
Odfjell Gas is a liquefied petroleum gas and ethylene ("LPG/E") joint venture under establishment between Odfjell SE and affiliates of Breakwater Capital and Oak Hill Advisors.

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