Odfjell SE today reported its results for the third quarter of 2022. The report shows a chemical tanker market that continued to improve in the third quarter despite what normally is a seasonally slower market.
Highlights:
“We are pleased to report another strong quarter for Odfjell. The results are driven by a robust chemical tanker market. We continue to perform well both operationally and commercially, capturing the ongoing momentum in our markets. The improved cash flow generation enables us to strengthen our balance sheet and also secures attractive returns to our shareholders. We expect continued strong spot rates across most trade lanes, and foresee slightly improved TCE results in 4Q22”, said CEO Harald Fotland.
Please see attached for the 3Q22 report and presentation. Tomorrow, Thursday November 3 at 10:00 CET, Odfjell SE will present the results in a live webcast followed by a Q&A session.
