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Odfjell orders ships

7:12 AM MST | November 8, 2013

Odfjell has signed shipbuilding contracts with Nantong Sinopacific Offshore & Engineering Co. (Nantong, China) for four gas carriers, each with a capacity of 17,000 cubic meters. The vessels will be capable of transporting liquefied petroleum gas (LPG) or ethylene. Delivery of the ships is slated between October 2015 and May 2016. The total contract price is about $180 million, Odfjell says. Odfjell, meanwhile, says it has secured options for up to four additional gas carriers. Odfjell says that today it operates two 9,000–cu meter LPG-ethylene...

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