Norway: Odfjell SE signed letter of intent with Chemical Transportation Group

16.06.2017

Norway: Odfjell SE signed letter of intent with Chemical Transportation Group
E24 Næringsliv - Norway, 16 Jun 2017, online:-
Norway-based shipping company Odfjell SE has signed a letter of intent with Chemical Transportation Group for acquiring five out of ten chemical tankers under construction at Chinese shipyard AVIC Dingheng. The price of the five vessels will be USD 40mn (EUR 35.73mn) per vessel. The delivery of vessels will take place between June 2017 and May 2018. The transaction is subject to final negotiations, complete documentation and customary terms, according to Odfjell SE.
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