Odfjell has been tipped to strip out a further $25m in costs next year after it posted a deeper-than-expected second-quarter loss.
Jan Hammer-led Odfjell booked a loss of $26m for the quarter having carried an $11.8m restructuring charge at its Rotterdam terminal.
Analysts at RS Platou Markets said: “In a weak chemical tanker market, Odfjell appears serious about the intention to reduce costs.”
Platou
