IHS Chemical Week

People & Business :: Earnings/Finance

Odfjell reports deeper net losses; weak chemical-tanker market continues

7:53 AM MST | November 14, 2012 | Sotirios Frantzanas

Odfjell says net losses from continued operations tripled in the third quarter of 2012, to $39 million, compared with $13 million in the third quarter of 2011. Ebitda decreased 76% in the third quarter, to $8 million from $34 million in the prior-year period. The decrease in Ebitda reflects a continued weak chemical-tanker market, and significant restructuring costs at Odfjell Terminals, the company says. Sales also fell by 11% in the third quarter of 2012, to $276 million from $309 million in the same period of 2011. Odfjell's chemical tankers business reported...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa