Odfjell SE, whose US headquarters are located in Texas, has signed a Framework Agreement with Sinochem Shipping Singapore Pte. Ltd whereby Odfjell will take 4 of a total newbuilding order of 8 x 40,900 dwt chemical tankers on long-term bareboat charters.
The series of newbuildings are built at Hantong Wing Shipyard in China, with 30 stainless steel tanks capable of handling specialty products and with a proven energy efficiency. 7 of the vessels were delivered in 2016 and 2017, with the 8th newbuilding expected for delivery in December 2017.
The 8 vessels will join Odfjell’s fleet over the course of the coming months, and will replace existing tonnage which is currently on charter to Odfjell from other owners. The replacement of existing chartered-in vessels will have a positive impact on Odfjell SE earnings.