BERGEN, Norway, Nov. 16, 2005 (PRIMEZONE) -- Odfjell:
-- Continued strong parcel tanker market, although volumes somewhat
lower in third quarter 2005
-- Time-charter results in third quarter 2005 were about 9% higher
than third quarter 2004
-- Record high bunker cost
-- Stable result from tank terminal activities
-- *Sale of two parcel tankersAttached please find report
3rd Quarter 2005
Additional information about Odfjell is available at: www.odfjell.com