Odfjell SE announced recently that the company has reached an agreement with Navig8 Chemical Tankers Inc (N8CTI, an N-OTC registered company), where the latter will add 4 modern 25,000 dwt stainless steel chemical tankers to Odfjell’s existing pool, the Chempool25.
A milestone is reached in Odfjell's history as we officially name our next generation of chemical tankers on July 1st, 2019.
Chemical tankers are specialized ships carrying liquid cargoes that may be environmentally hazardous, flammable or highly reactive. They are designed and operated under special rules, and increasingly have built-in molybdenum-containing stainless steel tanks. Sailing around the world, they transport liquid goods safely over long distances. They also represent a significant market for duplex stainless steels and molybdenum.
Odfjell SE has signed a term sheet with Chemical Transportation Group, Inc (CTG) whereby Odfjell will acquire the last 5 of a total newbuilding order of 10 x 25,000 dwt vessels with 24 stainless steel tanks from Chinese ship builder AVIC Dingheng.
Odfjell SE has purchased M/T Argent Eyebright. The vessel was built in November 2009 by Kitanihon Shipbuilding in Japan. The vessel has 16 stainless steel tanks and fits well with Odfjell fleet of Large Stainless Steel Tankers.
With reference to an earlier announcement relating to a signed letter of intent for the construction of two additional chemical tankers with stainless steel cargo tanks, Odfjell has announced that the Company has signed final shipbuilding contracts with Hudong-Zhonghua Shipbuilding (Group) CO.