BERGEN, Norway, Aug. 24, 2005 (PRIMEZONE) -- Odfjell:
-- Continued strong parcel tanker market
-- Time-charter rates more than 30% higher than first half 2004
-- EBITDA first half 2005 up 19% over same period last year to USD
133 million
-- Antitrust settlements reduced the result by USD 24 million in the
second quarter
-- Very high ship bunkering cost
-- Higher ship operating costs
-- Odfjell ASA achieved ISO 14001 certification
-- Proposed further dividend of NOK 2.50 per share
Full second quarter report is enclosed: http://hugin.info/156/R/1008114/155691.pdf
Additional information about Odfjell is available at: www.odfjell.com