ODFJELL
New time- charters from National Chemical Carriers

FEB, 02.2009
 

Effective 1 February, Odfjell (Terje Storeng, President & CEO), has entered into an agreement with its Saudi-Arabian partner National Chemical Carriers Ltd. Co (NCC) to bare-boat charter their three 37,000 stainless steel parcel tankers for 10 years with purchase options after 3 years.

The 3 ships “NCC Jubail” (1996), “NCC Mekka” (1995) and “NCC Riyad” (1995), will continue to be operated by Odfjell Tankers in global trades. Odfjell Ship Management will continue to be responsible for crewing and technical management, and the ships will remain in the Norwegian International Ship Register.  

Furthermore, Odfjell has entered into 3 to 6 years time-charters for 3 ships that until recently were owned by National Chemical Carriers Ltd. Co., the “NCC Baha” (24,728 dwt/1988), “NCC Asir” (23,001 dwt/1982) and “NCC Arar” (23,002 dwt/1982). 

All these ships have been traded in the Odfjell Pool. Following these transactions National Chemical Carriers Ltd. Co has no further ships in the Odfjell Pool, but still remains an important business partner for Odfjell.