Odfjell sells ship for recycling

Odfjell has entered into an agreement to sell the coated parcel tanker MT Bow

Maasslot (38 039 dwt/built 1982) for recycling in India by the end of January

The sales price is close to the book value. The vessel has Green Passport and

Buyers undertake that the recycling yard shall submit a working plan

corresponding to IMO guidelines for ship recycling.

For more information please contact: Tore Jakobsen, Senior Vice President, ph.:

+ 47 55 27 00 00 or e-mail: [email protected]

The Odfjell Group is a leading participant in the global market of the seaborne

transportation and storage of chemicals and other speciality bulk liquids.

The Odfjell fleet exceeds 90 ships, trading both globally and regionally. The

tank terminal division consists of eight fully or partially owned tank terminals

and nine associated tank terminals strategically located. The Odfjell Group is

headquarted in Bergen, Norway and has about 20 offices world wide. Odfjell has

about 3 700 employees and an annual gross revenue of about USD 1,5 billion.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1371778]