Odfjell Report 2nd Quarter 2005


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


            

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