# Odfjell SE 2Q26 Report

- Press release: Odfjell SE 2Q26: A strong financial result (2026-08-20)
- Original: https://storage.mfn.se/6f8b4d49-3b25-4c1b-baea-e9d7e5b85528/odfjell-se-2q26-report.pdf
- Local copy: discarded after extraction (re-fetchable from Original)

**TL;DR —** Odfjell SE reported a strong Q2 2026 with significant increases in time charter earnings and net profit, driven by robust spot markets and strategic fleet adjustments, despite ongoing geopolitical challenges in the Middle East Gulf.

## Takeaways
- Time charter earnings increased to $195 million in 2Q26, up from $167 million in 1Q26.
- TCE per day rose to $29,486 in 2Q26, compared to $27,232 in 1Q26.
- Net result for 2Q26 was $54 million, a substantial increase from $32 million in 1Q26.
- The company approved a dividend of $0.52 per share based on adjusted 1H26 results.
- Odfjell took delivery of two newbuildings on long-term time charter and sold one vessel for recycling, while also signing agreements to purchase four super-segregators for $290 million.
- The carbon intensity (AER) of the controlled fleet improved to 6.9 in 2Q26 from 7.0, despite operational inefficiencies due to the Middle East Gulf conflict.

*Generated 2026-09-16 via google/gemini-2.5-flash*