Reference is made to the stock exchange announcement of 16 June 2017, in which Odfjell SE signed a term sheet with Chemical Transportation Group, Inc ("CTG"), to acquire 5 stainless steel newbuildings and to form a pool of 15 x 25,000 dwt vessels. 

We are pleased to announce that the transaction has now been signed and completed.

Odfjell SE will take delivery of the first vessel on 14 July 2017 and the remaining 4 newbuildings will be delivered in intervals up until May 2018.

The 5 newbuildings fully owned by Odfjell SE and the formation of the pool are expected to have a positive contribution on Odfjell SE's returns and will strengthen our position and competitiveness in the current state of the chemical tanker market.

For more information:

Kristian Mørch
CEO, Odfjell SE
Tel: +47 47 68 84 76
E-mail: kristian.morch@odfjell.com

Terje Iversen
CFO, Odfjell SE
Tel: +47 93 24 03 59
E-mail: terje.iversen@odfjell.com



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Odfjell SE via Globenewswire

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