Odfjell SE has reported EBITDA of $27m on revenues of $291m for the first quarter 2013. Both figures are down on last year but show some improvement from the fourth quarter.
MERGERS & ACQUISITIONS It has been another year of switching, swapping, investing and divesting storage terminal assets, with more money pouring in from private investors
Odfjell SE has announced that Odfjell Terminals (Rotterdam) (OTR), which was temporarily closed on July 27, should partially re-open for business by the end of September.
Odfjell’s storage terminal in Rotterdam has been in the news lately in connection with product spills and fugitive emissions. The company had admitted failures in properly reporting incidents with the authorities.
OVERVIEW Consistently profitable operations have helped underpin quite massive levels of investment in the European tank storage sector in recent years. Some operators seem to be taking a breather in 2011
Odfjell’s deal to sell 49% of its Rotterdam and Houston terminals as well as its greenfield project in Charleston, SC to Lindsay Goldberg LLC has closed.
