The vessels are the last remaining vessels within Odfjell's trade in the European short sea market, and are being divested as a part of the Company's cost-cutting and efficiency programme which includes exiting from unprofitable trades. The sales will result in an accounting loss, but will have a positive effect on the group's liquidity and profitability.

For more information:

Tom A. Haugen
E-mail: tom.haugen@odfjell.com
Tel: + 47 905 96 944

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