Odfjell profits hit by cartel pay-out

Ovrebekk, Hilde
November 2006
ICIS Chemical Business;11/13/2006, Vol. 1 Issue 43, p8
Trade Publication
The article offers information on the third-quarter 2006 financial performance of Norwegian shipping firm Odfjell. Odfjell's third-quarter operating profits dropped 33% from the same period a year earlier, to 32m Norwegian krone due to higher operating and administrative expenses. The company also had to pay out $5 million in the third quarter to customers who had been affected by the 1999-2003 Odfjell cartel.


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