Crystal Pool and Odfjell in joint venture

Crystal Pool and Odfjell SE formed a new joint venture (JV) company, Odfjell Euroceanica As. The 50/50 JV will oversee all vessels operated by both Crystal Pool and Odfjell Europe in the European short sea market, including 14 stainless steel vessels operating under the name Crystal Pool. The joint venture provides additional market opportunities for both companies. Odfjell Europceanica has headquarters in Helsinki, Finland and Bergen, Norway. All current contracts remain in force. (August 17, 2011)