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Odfjell SE (ODF.OL)

ODF.OL on Oslo Stock Exchange

32.90NOK
10:25am EDT
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kr33.30
Open
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kr33.00
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kr32.60
Volume
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kr36.90
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Latest Key Developments (Source: Significant Developments)

Odfjell announces signing of LOI for two additional chemical tankers
Monday, 20 Mar 2017 04:28am EDT 

Odfjell SE : Signs letter of intent for two additional chemical tankers with stainless steel cargo tanks, to be built by Hudong-Zhonghua Shipbuilding (Group) CO., LTD. in China .Capital commitments will be about $116 million.  Full Article

Odfjell recommends dividend of NOK 1.50 per share
Wednesday, 15 Mar 2017 11:07am EDT 

Odfjell SE :Board of director recommends dividend of 1.50 Norwegian crown per share.  Full Article

Odfjell adds two additional vessels to fleet, exercises purchase option for existing vessel
Monday, 13 Mar 2017 05:50am EDT 

Odfjell Se : Adds two additional vessels to the fleet via long term charter agreements, and exercises a purchase option for an existing vessel . Exercises purchase option for one vessel . Purchase price is about $16.7 million . Bareboat charter agreements include two vessels of 36,000 dw tonnes with 28 stainless steel cargo tanks . Vessels are scheduled for delivery in Q4 2019 and Q2 2020, and charter agreements run for a minimum of ten years .Vessels will be built at a Japanese shipyard.  Full Article

Odfjell: Long term charter agreements for new chemical tankers
Monday, 27 Feb 2017 04:29am EST 

Odfjell SE : Signs long term charter agreements for two new advanced chemical tankers . Vessels will be built in Shin-Kirushima dockyard in Japan .Vessels are scheduled for delivery in Q4 2018 and Q1 2019 and agreements run for minimum of eight years.  Full Article

Odfjell Q4 EBITDA $48 million, above expectations
Thursday, 16 Feb 2017 02:52am EST 

Odfjell SE : Q4 EBITDA $48 million (Reuters poll $43.0 million) . Q4 EBITDA based on equity method $67 million . Q4 gross revenue based on equity method $204 million (Reuters poll $203 million) . Q4 net profit based on the equity method $43 million (Reuters poll $8.90 million) . Expects 1Q17 timecharter results to be in line with, or marginally better than 4Q16 . Rates are expected to be under pressure in 2017 as market absorbs new capacity .Sees 2017 Odfjell terminals results to be improved on continued strengthened performance at terminal in Rotterdam.  Full Article

Odfjell: unsecured bond issue is substantially oversubscribed
Friday, 13 Jan 2017 10:13am EST 

Odfjell SE : Has successfully completed new unsecured bond issue of 700 million Norwegian crowns ($82.2 million) with maturity date in January 2021 . Bond issue was substantially oversubscribed .Net proceeds from contemplated bond issue will be used for general corporate purposes, including part refinancing of existing bonds and potential future growth opportunities.  Full Article

Odfjell contemplates new unsecured bond issue
Thursday, 12 Jan 2017 08:22am EST 

Odfjell SE : Is contemplating issuance of new unsecured bonds in Norwegian bond market with maturity in Jan. 2021 .Net proceeds from contemplated bond issue will be used for general corporate purposes, including part refinancing of existing bonds and potential future growth opportunities.  Full Article

Odfjell Q2 EBITDA $61 million, above estimates
Thursday, 25 Aug 2016 01:56am EDT 

Odfjell SE : Q2 EBITDA $61 million (Reuters poll $49.7 million) . Q2 net profit $16 million (Reuters poll $16.5 million) .Forecast for 3Q is a limited reduction in TCE results as the markets are generally softer.  Full Article

Odfjell Q1 EBITDA $54 million, above expectations
Monday, 9 May 2016 08:21am EDT 

Odfjell SE : Q1 total gross revenue $212 million (Reuters poll $216 million) . Q1 EBITDA $54 million (Reuters poll $50.6 million) . Q1 net profit $24 million (Reuters poll $27.4 million) . Sees slight reduction in net earnings for the Chemical Tankers, mainly driven by a softening spot market, in Q2 .Results at Odfjell Terminals (Rotterdam) is expected to stabilize for the remainder of 2016.  Full Article

Odfjell to reduce fuel consumption and emissions with up to 20 pct
Friday, 2 Oct 2015 06:47am EDT 

Odfjell SE:To reduce fuel consumption and emissions with up to 20 pct with new propulsion concept.Says is upgrading propulsion system for 19 vessels with new technology to optimise energy efficiency.  Full Article

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