Chemlog Aps is a company managed by Ceres Hellenic Shipping Enterprises Ltd. During the past three months Odfjell has issued 3.35 million A-shares and 1.57 million B-shares at an agreed price of NOK 208 per share, in total NOK 1,024.76 million of new equity. In the same period Odfjell has taken over 4 newbuilding contracts, 9 chemical tankers from companies related to Ceres and the pool company Seachem.
Odfjell’s share capital has increased from NOK 218,485,120 to NOK 267,752,460, distributed on 18,227,721 A-shares and 89,520,066 B-shares. After the transactions Chemlog control 18.4% of Odfjell’s shares.
Odfjell is the leading player in the global market of transporting chemicals and related logistical services. After the merger with Seachem the fleet totals 90 vessels, trading both globally and regionally, of which 49 are owned by the group. Odfjell Tankers AS changed its name to Odfjell Seachem AS with effect from 22 June 2000. Odfjell additionally owns and operates tank terminals and tank containers. Priority has been given to further developing the company's integrated logistical services, both globally and regionally.