Odfjell has escalated a dispute with fund manager Northleaf Capital Partners, a joint venture partner in its US terminal business.
Oslo-listed Odfjell and Northleaf, which bought into the terminal division in 2019, have been at loggerheads regarding over-leverage of their US business.
The disagreement is related to what Odfjell describes as its partner’s “insistence on excessively leveraging” Odfjell Terminals US Holding.
