Odfjell sells Chinese terminal stake to Yangzijiang Shipbuilding
After selling off its stake in Rotterdam last year, Odfjell has now decided to divest from its tank terminal in Jiangyin, China. The move was caused by joint venture partner Lindsay Goldberg's decision to sell its interests in Odfjell's Asian terminals
Odfjell sells 55% share in Jiangyin terminal for around $46m and expects $21m gain