November 16, 2012 at 04:40 AM EST
Odfjell SE : Odfjell Terminals awarded project bid Le Havre Port

GPMH (Grand Port Maritime du Havre) have selected Odfjell Terminals (Europe) B.V`s, a subsidiary of OTLG C.V, which is a joint venture company between Odfjell Terminals B.V. and Lindsay Goldberg LLC, project proposal for the development of a green field liquid bulk storage terminal in the industrial zone of Le Havre Port. The new project`s site is located along the Grand Canal Maritime and covers approximately 30 hectares.

In the coming months a feasibility study will be carried out for a terminal consisting of approximately 200,000 cubic meters storage capacity in the first phase. Odfjell and GPMH aim to finalize the project details and reach an agreement on a Site Reservation Protocol by 1 April 2013.

Le Havre Port is one of the largest ports in North-Europe, and has a strategic location as the first main port called at in Northern Europe. As a deep-water seaport accessible around the clock, Le Havre can accommodate all types of vessels. In Europe, Le Havre is also a major industrial port zone, among the leaders in energy and chemicals.

For more information, please contact:
Carl Fredrik Odfjell, VP Business Development & Project Management
+ 31 102 953 400
 
or

Åke Gregertsen, President Odfjell Terminals BV

Tel: + 47 55 27 00 00
 
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



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Source: Odfjell SE via Thomson Reuters ONE

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