Odfjell announces that it has signed agreements to purchase four 40,000 dwt fully stainless-steel vessels to be built at Kitanihon Shipbuilding in Japan.
The vessels will be purchased from a Japanese shipowner upon completion and are scheduled for delivery from 1Q 2027 until 2Q 2029. They are secured at competitive prices with a total transaction value of approximately USD 290 million.
The payment terms follow customary industry standards, with installments during the construction period and the remaining balance payable upon delivery.
This investment is part of Odfjell’s ongoing fleet renewal program. The company has recycled three super-segregators since 2Q25. In addition, Odfjell has recently divested the newbuilding contract for a 26,000 dwt vessel currently under construction in China.
The vessels will be compliant with the future proposed EEDI (Energy Efficiency Design Index) Phase 5 for 2035 and onwards, with a 50% reduction compared to the 2009 IMO EEDI reference line. In sum, this implies that their AER (Annual Efficiency Ratio) is approximately 25% lower than the most energy-efficient 40,000 dwt vessels in Odfjell’s current fleet.
“The four acquired vessels will be our next-generation super-segregators, tailored for our core deep-sea trades. With a modern design and equipped with sails, gate rudder, and other novel energy-saving technologies, they set a new standard for fuel efficiency,” says CEO of Odfjell SE, Harald Fotland.
Odfjell SE is a Norway-based company engaged in the marine industry. The Company is engaged in the provision of seaborne transportation and storage of chemicals and other specialty bulk liquids. The Company has two reportable operating segments: Chemical Tankers and Tank Terminals. The Chemical Tankers involve around the world' service, servicing ports in Europe, North and South America, the Middle East and Asia, Australia and Africa. The Tank Terminals segment offers storage of various chemical and petroleum products and is operated through joint ventures with its share owned by the subsidiary Odfjell Terminals BV. In addition, this segment plays an important operational role in cargo consolidation program so as to reduce the time its vessels spend in ports, reduce thereby emission in port, and enable the Company to be one of the world leaders in combined shipping and storage services.
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