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Odfjell sells two ships

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02.04.2007 23:21

Odfjell sells two ships

As part of Odfjell's continued fleet renewal process, two older ships have been sold. OWL Trader (12 450 dwt./built 1982) was delivered to her new owners 28 March 2007.

As part of Odfjell's continued fleet renewal process, two older ships have been sold.

OWL Trader (12 450 dwt./built 1982) was delivered to her new owners 28 March 2007. We have also entered into an agreement to sell Bow Lady (32 225 dwt./built 1978) and expected time of delivery to new owners is medio April.

These transactions give a total gain of about $3m for the Odfjell group, which will be accounted for in the second quarter of 2007.

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