Odfjell: Rises on bullish earnings guidance

Odfjell SE

05/06/2018 12:15

** Shares of chemical tanker firm Odfjell  ODF.OL  rise +9
pct after the said it saw significant upside potential to its
earnings
    ** Stock hits its highest level in over five years
    ** Co sees long-term earnings growth to average 10 pct per
annum over time  urn:newsml:reuters.com:*:nGNE4R17vT
    ** Estimates positive impact on FY EBITDA of up to $15
million if vessel contracts are renewed  urn:newsml:reuters.com:*:nL5N1T71R8
    ** Co to take delivery of 11 newbuildings in 2018 and 2019 
with significantly lower operating costs than its older vessels

 ((marta.frackowiak@tr.com))