Odfjell contracts newbuildings in China

Norwegian shipowner Odfjell has signed agreements with the Chuan Dong Shipyard in China to build a series of six plus four optional 9,000 dwt stainless steel chemical tankers at a total price for the first six vessels of $180 million. Delivery is scheduled in 2010-2012 and these newbuildings will operate in the company?s regional trades in Asia and Europe, and will replace smaller vessels currently trading in these areas.