{"id":28341,"date":"2021-12-05T11:23:59","date_gmt":"2021-12-05T08:23:59","guid":{"rendered":"https:\/\/www.al-sindbad.net\/odfjell-offloads-shortsea-fleet\/28341\/"},"modified":"2021-12-05T11:23:59","modified_gmt":"2021-12-05T08:23:59","slug":"odfjell-offloads-shortsea-fleet","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/odfjell-offloads-shortsea-fleet\/28341\/","title":{"rendered":"Odfjell offloads shortsea fleet"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Norwegian owner Odfjell has agreed to sell the last three 9,000 dwt shortsea vessels that have operated in the company\u2019s regional trade in Asia.\u00a0<\/p>\n<p>The sale marks an exit from Odfjell\u2019s shortsea regional trade in Asia as the remaining vessel on a timecharter to Odfjell will also be redelivered to its owners in January 2022. The delivery is scheduled for January\/February 2022, and net cash proceeds after repayment of loans and commission are around $1m.<\/p>\n<p>\u201cThese vessels have not been able to deliver satisfactory results and we have consequently taken the decision to exit this niche market. Odfjell has, through this transaction, completed the transition to a sole focus on deep sea logistics within our shipping segment,\u201d the company said in Oslo Exchange filing.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>The transaction will result in a $21m impairment in Odfjell\u2019s third-quarter results as the vessels are reclassified as assets held for sale.<\/p>\n<p>Earlier in August, Odfjell <span style=\"text-decoration: underline;\"><a href=\"https:\/\/splash247.com\/odfjell-exits-gas-carrier-sector-with-sale-of-ethylene-carrier-duo-to-bw-epic-kosan\/\" target=\"_blank\" rel=\"noreferrer noopener\">exited the gas segment<\/a><\/span> after reaching an agreement with BW Epic Kosan to sell two 9,000 cu m ethylene carriers for cash and around a 4.3% stake in the company. The Bergen-based company has a fleet of approximately 90 chemical tankers.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div id=\"div-gpt-ad-1_95_0_1_2\"> <script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });<\/script> <\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\">\n<span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/norway\/\" rel=\"tag\">Norway<\/a><\/span>\n<\/div>\n<\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norwegian owner Odfjell has agreed to sell the last three 9,000 dwt shortsea vessels that have operated in the company\u2019s regional trade in Asia.\u00a0 The sale marks an exit from Odfjell\u2019s shortsea regional trade in Asia as the remaining vessel on a timecharter to Odfjell will also be redelivered to its owners in January 2022. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":28342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-28341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=28341"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/28342"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=28341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=28341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=28341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}