Odfjell Signed a Contract With Breakwater Capital And Oak Hill Advisors for LPG-Ethylene Project

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22 May 2014 10:25 Helen Clark

CHEMMONITOR.COM – Odfjell (Norway) entered into a contract with affiliates of the US companies Breakwater Capital and Oak Hill Advisors (the Partners) to establish ethylene and liquefied petroleum gas (LPG) shipping JV. The project is valued at USD 200 million. Odfjell plans to construct four 22,000 cubic meters gas carriers at Nantong Sinopacific (China), which are likely to begin delivery in 2016-2017.

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