Odfjell Report 4th Quarter 2005


BERGEN, Norway, Feb. 3, 2006 (PRIMEZONE) -- Odfjell:


 -- Continued strong parcel tanker market with time-charter results 19%
    higher in 2005 compared to 2004 

 -- Time-charter results in fourth quarter 2005 were about 3% higher than
    third quarter 2005 

 -- Further USD 8 million provision for customer settlements 

 -- Still very high bunker cost 

 -- Stable result from tank terminal activities 

 -- Tax cost of USD 12 million due to write-off of deferred tax assets

Attached please find 4th Quarter report 2005 http://hugin.info/156/R/1032731/166144.pdf


            

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