Recently, Norwegian chemical tanker owner/operator Odfjell announced its preliminary results for the full year 2025 and the fourth quarter of 2025 on its official website, showing a solid overall performance.
In the fourth quarter of 2025, Odfjell continued its strong performance: charter revenue reached $168 million; day charter fees were $27,978; EBIT reached $53 million; and net income was $38 million.
Regarding newbuilding, Odfjell ordered two 35,000 DWT chemical tankers in the fourth quarter of 2025, with delivery scheduled for 2028 and 2029 under long-term charter contracts. Shipyard information has not yet been disclosed.
In 2025, Odfjell achieved a net profit of $155 million; it placed orders for four new vessels on long-term charter and established a joint venture to acquire Japan Shipbuilding Resources.
As of now, Odfjell has a total order backlog of 22 vessels, 10 of which are expected to be delivered in 2026. The average annualized return for the controlled fleet is 6.8%, a decrease of 4.2% from the previous year.
An Odfjell representative stated, “The fourth quarter of 2025 concludes the year with significant market uncertainty and a more challenging operating environment. The company expects its basic net results for the first quarter of 2026 to be slightly lower than those for the fourth quarter of 2025.”