Norway’s Odfjell is boosting its owned fleet through a purchase option on four vessels it currently has on long-term lease deals. The move will see the Oslo-listed chemical tanker owner and operator add a total of seven 35,000 dwt to 41,000 dwt stainless-steel super-segregator vessels in the next 14 months, after taking advantage of three purchase options earlier this year. The ships were built between 2016 and 2020, of which five have been snapped up for around 30% below current market prices, Odfjell said. The company will take ownership of six tankers in the first half of 2025 and finance the acquisitions via a new revolving credit facility of up to $242m. The Bergen-headquartered outfit with a fleet of about 70 ships said the transactions would, on average, reduce the cash break-even for these vessels by more than $3,000 per day. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsNorway