Odfjell announces that it has signed agreements to purchase four 40,000 dwt
fully stainless-steel vessels to be built at Kitanihon Shipbuilding in Japan.
The vessels will be purchased from a Japanese shipowner upon completion and
are scheduled for delivery from 1Q 2027 until 2Q 2029. They are secured at
competitive prices with a total transaction value of approximately USD 290
million.
The payment terms follow customary industry standards, with installments
during the construction period and the remaining balance payable upon
delivery.
This investment is part of Odfjell's ongoing fleet renewal program. The
company has recycled three super-segregators since 2Q25. In addition, Odfjell
has recently divested the newbuilding contract for a 26,000 dwt vessel
currently under construction in China.
The vessels will be compliant with the future proposed EEDI (Energy Efficiency
Design Index) Phase 5 for 2035 and onwards, with a 50% reduction compared to
the 2009 IMO EEDI reference line. In sum, this implies that their AER (Annual
Efficiency Ratio) is approximately 25% lower than the most energy-efficient
40,000 dwt vessels in Odfjell's current fleet.
| "The four acquired vessels will be our next-generation super-segregators,
| tailored for our core deep-sea trades. With a modern design and equipped
| with sails, gate rudder, and other novel energy-saving technologies, they
| set a new standard for fuel efficiency," says CEO of Odfjell SE, Harald
| Fotland.
Contact
Nils Jørgen Selvik, VP Finance & IR
Tel: +47 920 39 718
E-mail: nils.jorgen.selvik@odfjell.com
About Us
The Odfjell Group is one of the leading players in the global market for
seaborne transportation and storage of chemicals and other specialty bulk
liquids. The Odfjell fleet comprises of approx. 70 ships, which trade both
globally and regionally. The tank terminal division comprises four tank
terminals, strategically located at select international shipping hubs. The
Odfjell Group's headquarters are in Bergen, Norway, and the Group has offices
in 12 locations around the world. Odfjell employs around 2300 staff and posted
annual gross revenue of USD 1,115 million in 2025. Read more on
www.odfjell.com.
This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-04-22 14:55 CEST.