Shil Sales News

On August 16, 2021, Odfjell Gas Shipowning AS, a subsidiary 100% owned by Odfjell SE, entered into a transaction agreement with BW Epic Kosan Ltd. (BWEK) for the sale of two liquefied petroleum gas (LPG)/ethylene carriers, Bow Guardian and Bow Gallant, both built in Korea in 2008.The purchase price will be settled partly in cash, to be used for the full repayment of mortgaged loans on the vessels, and partly by the issuance of 6,889,611 freely transferable shares in BWEK. Following the transaction, Odfjell will own 4.3% of the shares in BWEK.The transaction is expected to close prior to October 31, 2021. Pursuant to the transaction agreement…