Odfjell SE

ODF

Equity

ISIN NO0003399909 / Valor 599560

Oslo Stock Exchange (2026-09-10)

NOK 121.00+1.17%

Odfjell SE
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About company

Odfjell SE is a prominent player in the global market for the seaborne transportation and storage of chemicals and other specialty bulk liquids. Founded in 1914, the company has a long history of innovation, having pioneered the chemical tanker trade in the 1950s and the tank storage business in the late 1960s. Odfjell operates a fleet of advanced chemical tankers and a network of tank terminals worldwide, providing comprehensive logistics solutions for the safe and efficient handling of hazardous and non-hazardous liquids. The company's extensive experience and specialized infrastructure enable it to serve a diverse range of industries, including petrochemicals, agriculture, and pharmaceuticals.

Summarized from source with an LLMView SourceSector: Consumer Services

Safety & geopolitical situation

Odfjell SE reports continued strong safety performance in 1Q26. Four vessels were inside the Strait of Hormuz (one owned, three time‑chartered); all crew are safe and shore teams remain in close contact amid an unpredictable security environment.

Time charter earnings & TCE

Time charter earnings in 1Q26 were USD 167 million (vs USD 168 million in 4Q25). TCE per day was USD 27,232, down from USD 27,978 in 4Q25, reflecting weaker earnings and initial negative effects from the Middle East conflict (longer ballast legs, rerouting, higher provisioning and insurance).

Profitability

EBIT for 1Q26 was USD 46 million (4Q25: USD 53 million). Reported net result was USD 32 million (4Q25: USD 38 million). Net result adjusted for one‑offs—mainly a USD 4.8 million capital gain from asset sales—was USD 26 million (4Q25: USD 38 million).

Terminals contribution

Net result contribution from Odfjell Terminals was USD 2.3 million in 1Q26, up from USD 1.8 million in 4Q25.

Fleet activity & investments

Three newbuildings were delivered on time‑charter in 1Q26. After quarter‑end Odfjell signed agreements to buy four 40,000 dwt vessels to be built at Kitanihon (Japan) for a total investment of about USD 290 million.

Emissions / carbon intensity

Carbon intensity (AER) of Odfjell’s controlled fleet rose to 7.0 in 1Q26 from 6.8 in 4Q25, attributed to seasonal effects, increased docking activity and inefficiencies related to the Middle East Gulf conflict.

Outlook

Management expects the underlying net result in 2Q26 to be higher than in 1Q26, citing increased tonne‑miles and a surge in rates across most markets following disruptions in the Strait of Hormuz.

Summarized from source with an LLMView Source

Key figures

3.95%1Y

28.7%3Y

338%5Y

Performance

33.8%1Y

38.1%3Y

36.8%5Y

Volatility