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Odfjell SE ( (GB:0J77) ) has issued an update.
Odfjell SE has announced the formation of a joint venture, Odfjell Hakata Maritime AS, with Nissen Kaiun, a leading shipowner with a significant fleet of advanced chemical tankers. This collaboration aims to enhance Odfjell’s position as a top energy-efficient chemical tanker operator, integrating 10 stainless steel vessels into its commercial fleet to meet growing demands for safe and efficient chemical transportation. The initiative is expected to increase Odfjell’s commercial trading days by approximately 12% by 2026, aligning with the industry’s shift towards lower-emission operations and reinforcing the company’s commitment to decarbonization.
The most recent analyst rating on (GB:0J77) stock is a Hold with a NOK118.00 price target. To see the full list of analyst forecasts on Odfjell SE stock, see the GB:0J77 Stock Forecast page.
More about Odfjell SE
The Odfjell Group is a prominent entity in the global market for seaborne transportation and storage of chemicals and specialty bulk liquids. With a fleet of approximately 70 ships, Odfjell operates both globally and regionally. The company also manages four strategically located tank terminals and has a significant international presence with offices in 12 locations worldwide. Headquartered in Bergen, Norway, Odfjell employs around 2300 staff and reported an annual gross revenue of USD 1249 million in 2024.
Average Trading Volume: 62,305
Current Market Cap: NOK8.98B
See more insights into 0J77 stock on TipRanks’ Stock Analysis page.