2012-11-16 10:44:52 -

GPMH (Grand Port Maritime du Havre) have selected Odfjell Terminals (Europe)
B.V's, a subsidiary of OTLG C.V, which is a joint venture company between
Odfjell Terminals B.V. and Lindsay Goldberg LLC, project proposal for the
development of a green field liquid bulk storage terminal in the industrial zone
of Le Havre Port. The new project's site is located along the Grand Canal
Maritime and covers approximately 30 hectares.

In the coming months a feasibility study will be carried out for a terminal
consisting of approximately 200,000 cubic meters storage capacity in the first
phase. Odfjell and GPMH aim to finalize the project details and reach an
agreement on a Site Reservation Protocol by 1 April 2013.

Le Havre Port is one of the largest ports in North-Europe, and has a   strategic
location as the first main port called at in Northern Europe. As a deep-water
seaport accessible around the clock, Le Havre can accommodate all types of
vessels. In Europe, Le Havre is also a major industrial port zone, among the
leaders in energy and chemicals.

For more information, please contact:
Carl Fredrik Odfjell, VP Business Development & Project Management
+ 31 102 953 400

or

Åke Gregertsen, President Odfjell Terminals BV
Tel: + 47 55 27 00 00

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



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Source: Odfjell SE via Thomson Reuters ONE
[HUG#1658691]