Norway’s Odfjell has concluded contracts in the fourth quarter of 2024 for three newbuildings to be delivered between 2026 and 2028.
The company revealed in its results for the preliminary full-year, and fourth quarter of 2024 that one 25,000-dwt stainless steel tanker, to be owned by Odfjell, will be delivered from Shin Kurushima shipyard, while two 49,000-dwt coated chemical tankers will be delivered from Yamic shipyard on long-term time charter.
This leaves Odfjell with a total of 18 vessels on order, consisting of two owned and 16 time chartered.
Meanwhile, Odfjell took delivery of the 26,000-dwt newbuilding Bow Tiger in the quarter, and the 21,000-dwt Bow Victory on short-term time charter.
In other fleet movements, Odfjell declared purchase options during the quarter on three vessels, two of which are currently on time-charter and one bareboat.
Odfjell will take ownership of the two time-charter vessels in the first quarter of 2025.
Furthermore, the company completed the acquisition of the former bareboat vessel Bow Aquarius from SC Shipping in December.
Harald Fotland, Odfjell CEO said: “Odfjell rounded off a record-strong 2024 and continued to perform well in the final quarter of the year despite a slightly softer market. This shows the strength of our business model, with a healthy contract portfolio as a foundation.”
