Odfjell is planning for chemical tanker fleet growth and consolidation after strengthening its balance sheet with two rounds of cost cuts and efficiency improvements.
Oslo-listed Odfjell is sitting on $191m in cash and is anticipating a relatively stable tanker market during the next couple of years.
Kristian Morch, chief executive of the shipowner, gave a presentation in Copenhagen today which placed fleet renewal, growth and consolidation among the company's key targets.
