Odfjell Expands in China

Chemical shipping and tank storage company Odfjell says that its Odfjell Terminals Asia (Singapore) subsidiary has a joint venture deal with Tianjin Economic Technology Development Area (Tianjin, China) and its Nangang Port Co. subsidiary to develop a terminal and marine facilities for bulk liquid chemicals, petroleum products, and gases in Tianjin’s Nangang Industrial Zone. The jv will be called Odfjell Terminals Nangang (Tianjin). Odfjell will hold a 49% stake in the jv and handle its operational management. The initial investment in the jv will be $160...

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