Investor - Press release Sale of last short-sea vessels Odfjell SE has entered into a sales agreement for the last three 9,000 dwt short -sea vessels that have operated in the company's regional trade in Asia. The sale marks an exit from Odfjell's short-sea regional trade in Asia as the remaining vessel on a time charter to Odfjell will also be re-delivered to its owners in January 2022. These vessels have not been able to deliver satisfactory results and we have consequently taken the decision to exit this niche market. Odfjell has, through this transaction, completed the transition to a sole focus on deep-sea logistics within our shipping segment. The transaction will result in a USD 21 million one-time impairment in Odfjell's 3Q21 results as the vessels are re-classified as assets held for sale. The transaction will contribute positively to Odfjell's results going forward. Closing and delivery is scheduled for January/February 2022 and net cash proceeds after repayment of loans and commission are approximately USD 1 million. IR Contact: Bjørn Kristian Røed, VP/Head of Corporate Analysis & IR Tel: +47 40 91 98 68 E-mail: bkr@odfjell.com First published 02.11.2021 SHARE SHARE SHARE Latest stories Investor - Press release Successful completion of tap issue Odfjell SE has successfully completed a buyback of NOK 275 million under its outstanding senior unsecured bond issue with maturity in June 2022 and ISIN NO0010796238... Read more Investor - Press release Potential buyback of own bonds and tap issue Read more People & Careers 25- and 40-year anniversaries celebrated in Bergen 'You are among our most important role models and are leading by example for the next generation of Odfjell’ers. On behalf of the company: We are proud and grateful to... Read more Tankers Odfjell Tankers Odfjell Ship Management Our ships Our fleet Terminals Houston, USA Charleston, USA Nangang, China Ulsan, Korea Associated terminals Noord Natie, Belgium Investors Reports and Presentations Share information Press releases General Meetings Bonds Webcast Career The Odfjell culture People & Careers Seafarers & Competence Development Vacancies About Our business Navigating by the Odfjell Compass Safety Corporate Policies Corporate Governance Sustainability Our organization Executive Management Board of Directors Our companies Our history Media Contact us Offices Odfjell Tankers Odfjell Terminals Ship Management Investor Relations Media Report a concern Privacy & data Cookies Employee login Insite Ship Management Portal