Odfjell sells ship for recycling

Tuesday, 12 January 2010
Odfjell has entered into an agreement to sell the coated parcel tanker MT Bow Maasslot (38 039 dwt/built 1982) for recycling in India by the end of January 2010. The sales price is close to the book value. The vessel has Green Passport and Buyers undertake that the recycling yard shall submit a working plan corresponding to IMO guidelines for ship recycling.The Odfjell Group is a leading participant in the global market of the seaborne transportation and storage of chemicals and other speciality bulk liquids. The Odfjell fleet exceeds 90 ships, trading both globally and regionally. The tank terminal division consists of eight fully or partially owned tank terminals and nine associated tank terminals strategically located. The Odfjell Group is headquarted in Bergen, Norway and has about 20 offices worldwide. Odfjell has about 3 700 employees and an annual gross revenue of about USD 1,5 billion.

Source: Odfjell

Stolt-Nielsen agrees to buy cancelled parcel tankers

Stolt-Nielsen S.A. (Oslo: SNI) says it has reached an agreement with Korea's SLS Shipbuilding Co. Ltd. (SLS) to buy four 44,000 dwt parcel tankers.
Stolt originally ordered the ships in June 2005. but had canceled the four newbuilding contracts, citing extensive construction delays.
The price of the ships under the agreement reached today is described as "in line with what is believed to be current newbuilding prices."
Terms of the agreement require SLS to deliver the four ships between mid-February and mid-July 2010.
Mr. Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen S.A., said: "We are pleased to have reached this agreement with SLS, and it is now up to the yard to deliver these ships by the agreed dates."

BLT - 2009 Public Expose Material

The presentation material of the Public Expose conducted by BLT can be accessed to the IDXNet and the Company's website.

BLT - Public Expose 2009

Public Expose

PT Berlian Laju Tanker Tbk (the “Company”) is pleased to announce that the Company is going to conduct a Public Expose with the following details.

Day/Date : Monday, 21 December 2009
Time : 15:00 West Indonesian Time-end
Venue : Garden Terrace Room
2nd floor Four Seasons Hotel,
Jl. H.R. Rasuna Said Jakarta 12920
Indonesia
Focus : Company’s latest development

R.S.V.P latest by 17 December 2009 at 04:00 pm West Indonesian Time
Tel: +62-21-30060486 (Sari), +62-21-30060308 (Intan)

BLT - Update on CECO Acquisition 2

BLT has issued a press release pre opening of market today regarding the update on CECO transaction. Such press release has been posted on SGX and IDX or public can also access such release on BLT's website.

BLT - Update on CECO Acquisition

BLT is going to issue tonight or pre opening tomorrow on the update regarding acquisition transaction of CECO.

MOU BLT and Miclyn Express Offshore

Dear All,

BLT has posted press release regarding the MOU between BLT and Miclyn Express Offshore to diversify into the offshore support vessel markets. Please refer to http://www.blt.co.id/index.jsp?a=a&mnu=116&mnu2=1048&mnu3=1072
for the press release.

Sincerely Yours,