Odfjell SE (O7F.F) and Nissen Kaiun Co., Thursday announced a joint venture, named Odfjell Hakata Maritime AS, for operation of chemical tankers out of Bergen, Norway.
Under this transaction, Odfjell's worldwide trading platform and Nissen Kaiun's modern chemical tanker fleet will provide significantly increased flexibility and capacity to the global customer base.
The new joint venture, to be operational from December 2025, will initially comprise 10 stainless steel vessels equally contributed by Odfjell and Nissen Kaiun.
Currently, Odfjell's stock is trading at 11.04 euros, up 6.56 percent on the Frankfurt Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.