As informed yesterday, Odfjell is subject to an investigation by the EU Commission to ascertain whether the company has been involved in unlawful market sharing. We are cooperating with the EU Commission on this matter.
In addition, our subsidiary Odfjell USA Inc, Houston was yesterday requested to assist in a parallel investigation initiated by US competition authorities relating to the chemical tanker market. We have requested our subsidiary to actively and fully co-operate to clarify the situation.
Odfjell takes the ongoing investigation very seriously. We have no knowledge of any unlawful conduct and we have initiated our own internal investigation.
Any questions related to this issue should be directed to Jarle Haugsdal.
Bergen 20.02.03
Odfjell ASA