Odfjell swings to net profit on improved chemical tankers market

摘要

The continued revival of the chemical tanker market has driven a strong rise in second-quarter net earnings to $30.9 million for Odfell (Bergen, Norway) from a loss of $10.2 million in the prior-year period. EBITDA rose 44% year on year (YOY) to $81.9 million on sales that rose 4% to $252.4 million. CEO Kristian M?rch says the “continued frming” of the chemical tanker market and a frm spot market drove the results, but that COVID-19 “continues to cast high uncertainty about the future.” The company expects the third quarter to be impacted by more usual seasonal trends and says it anticipates reporting “weaker, but still positive, results in the next quarter,” M?rch says.