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Odfjell SE adds two additional vessels to the fleet via long term charter agreements, and exercises a purchase option for an existing vessel.

Odfjell SE announces today the conclusion of long term bareboat charter agreements for two 36,000 dwt chemical tankers[ds_preview] with stainless steel cargo tanks. The vessels are scheduled for delivery in Q4 2019 and Q2 2020, and the charter agreements run for a minimum of ten years. The vessels will be built at a Japanese shipyard.

»These charter agreements are further steps in the renewal program of our tanker fleet«, said Kristian Mørch, CEO of Odfjell SE.

Odfjell SE also announces that the company has exercised its purchase option for »Bow Architect«, a 2005 built 30,000 dwt stainless steel chemical tanker with 28 cargo tanks. The purchase price is about 16,7 mill. $. The vessel has been on long term charter to the company since 2005.

Last month, Odfjell entered into another long term charter agreement for two 35,500 dwt stainless steel chemical tankers, for construction at the Shin-Kurushima dockyard in Japan. These charter agreements will run for a minimum of eight years, and the vessels are scheduled for delivery in Q4 2018 and Q1 2019.

The Odfjell Group is one of the leading shipping cmpanies in the tanker market. The fleet comprises of 76 ships. The tank terminal division consist of 11 tank terminals. The Group’s headquarter is in Bergen, Norway. Odfjell employs around 3,000 staff and posted annual gross revenue of 929 mill. $ in 2015.