Contracting of newbuilding


Odfjell's 49% owned joint venture company Odfjell Dong Zhan Shipping (Shanghai) Co. Ltd, has signed a contract for the building of a 8 200 dwt chemical tanker. The ship is a fully coated IMO II type carrier that will be built in China by Zhoushan Penglai Shipbuilding and Repairing Co. The construction of the ship has already started, and delivery is scheduled for late November 2008.
 
Odfjell will be directly involved in the building process and inspection at the building site. The ship will join Bao Hai Tun (3 845 dwt/ built 2006)and service the domestic market in China. 
 
 
Press contact: Senior Vice President/CFO Haakon Ringdal +47 55 274563, +47 99583620
E-mail: Haakon.Ringdal@odfjell.com or Anne-Kristine Øen, Communication Manager, ph. +47 5527 4548 or +47 957 71549, E-mail: anne.kristine.oen@odfjell.com
 
 
Additional information about Odfjell is available at: www.odfjell.com
GlobeNewswire