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Odfjell, Nissen Kaiun launch JV to expand chemical fleet

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Odfjell SE and Nissen Kaiun have formed a joint venture, Odfjell Hakata Maritime AS, combining Odfjell’s global trading platform with Nissen Kaiun’s modern chemical tanker fleet to provide increased flexibility and capacity for customers worldwide.

The venture will initially include 10 stainless steel vessels, equally contributed by both partners. Nine vessels are already operated by Odfjell Tankers under charter agreements, with the tenth joining in early December.

Together with other fleet renewal projects in 2026, the initiative is expected to deliver a 12 per cent increase in commercial trading days compared with 2025.

Odfjell Tankers will act as the commercial manager, integrating the vessels into Odfjell’s fleet across major deep-sea trade lanes and global shipping hubs.

READ: Anglo-Eastern completes pioneering ammonia fuel course

Harald Fotland, CEO of Odfjell SE, said: “The new JV, named Odfjell Hakata Maritime AS, marks another chapter in the long-standing partnership between Odfjell and Nissen Kaiun. Nissen Kaiun controls a significant fleet of advanced chemical tankers, built to the highest quality and sustainability standards.

“The partnership comes amid growing demand for safe and efficient chemical transportation as we transition to lower-emission operations. We share a common goal of reducing the industry’s carbon footprint and Japanese shipyards are frontrunners in terms of quality and energy-saving technology. Together, we now continue on a path that grows our fleet and strengthens our services, while keeping decarbonisation at the core.”

Odfjell Hakata Maritime AS will be a Norwegian entity, headquartered in Bergen, and operational from December 2025.

Recently, MISC Berhad and China Offshore Engineering & Technology Company Limited received Approval in Principle from the American Bureau of Shipping for their pioneering Ammonia Floating Production Storage and Offloading design.


For more information:

Odfjell SE – https://www.odfjell.com/

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