Odfjell exits European short sea market with disposals

2015-06-23

Odfjell has agreed to sell the last three of its vessels serving the European short sea market.

The sale of the 5,800 dwt,1997-1998-built Bow Balearia, Bow Bracaria and Bow Brasilia will be an accounting loss, but with a positive effect on profitability for the company.

The move is part of Odfjell's stated aim of exiting unprofitable trades as part of its efficiency and cost-cutting drive.

Source from : Seatrade Global

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