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ODFJELL<br />
DECEMBER <strong>2011</strong><br />
www.odfjell.com
<strong>Odfjell</strong> <strong>Quarterly</strong><br />
EDITOR: Margrethe Gudbrandsen<br />
EDITORIAL COMMITEE:<br />
Ellen Skagen, Brit A. Bennett, Matt Duke, Geirmund<br />
Drivenes, Jan Peder Arnesen, Theo Kruithof<br />
CORRESPONDENTS:<br />
SINGAPORE: Samuel Goh Kee Peng<br />
HOUSTON: Rebecca Snyder<br />
PHILIPPINES: Jennifer Franco<br />
Deadline next issue:<br />
10 March 2012<br />
Design: Bruno Blanchard, Cox<br />
Graphic production: Jannicke Gildernes, Cox<br />
Print: Scanner Grafisk AS<br />
Cover: Ole Magnus Aasland and Martin Eide on Bow Spring.<br />
Photo by Tanja de Maesschalk.<br />
Photo this page:<br />
Photo by: Thomas Kohnle.<br />
Texts submitted to <strong>Quarterly</strong> may be subject to editorial adjustments.<br />
Highlights<br />
Installation of Mewis Duct on vessels 04<br />
All vessels going ‘on-line’ 06<br />
Re-imagine <strong>Odfjell</strong> ICT to contribute<br />
to a sustainable business 08<br />
Chairman´s Message 10<br />
Landmarks<br />
Carbon Disclosure Project 11<br />
Third quarter results 11<br />
New ICT platform for <strong>Odfjell</strong> Tankers 12<br />
Naming ceremony M/T Flumar Brasil 14<br />
Portrait<br />
Terje Iversen 15<br />
Briefings<br />
Clean, restored and ready! 16<br />
Triple ISO certification at OOT 17<br />
Successful CDI-T audit 17<br />
CONTENTS<br />
Dan <strong>Odfjell</strong>’s visit to <strong>Odfjell</strong> Terminals Charleston 18<br />
Sharing HSE experience 18<br />
Experiencing the Seven Seas 19<br />
The <strong>Odfjell</strong> and Lindsay Goldberg Joint Venture 21<br />
Sustainable social innovation 22<br />
QHSE on the agenda<br />
‘Smart’ problem solving 23<br />
Sea and shore<br />
Education through play and learning 24<br />
<strong>Odfjell</strong> Makana takes on South African cadets 24<br />
Ship model presented to PotashCorp 26<br />
Norwegian Shipowners’ Association visit<br />
- ‘on shore and on board’ 26<br />
Personnel 27<br />
Fleet and terminals 30<br />
Offices and addresses 32
ODFJELL<br />
QUARTERLY<br />
magazine<br />
Jan A. Hammer<br />
Dear Colleagues,<br />
Our Board meetings normally take place at our office<br />
here in Bergen. From time to time however, they are<br />
scheduled to one of our key locations overseas, the<br />
purpose being for the Board members to get a closer<br />
feeling and understanding of our activities abroad. For<br />
this year’s November meeting therefore, our Board went<br />
all the way to South America. The Board meeting took<br />
place at our offices in Sao Paulo. In addition, the trip also<br />
included meetings with key customers and partners, as<br />
well as a full day visit to the port of Santos, the largest<br />
and most congested port in South America. Here, the<br />
Board were showed around at “our” terminals and were<br />
also presented plans for future development etc. Santos<br />
is a very busy port, and not unexpectedly, we had ships<br />
there at the time of our visit. Without any pre-warning,<br />
we managed to get on board the Bow Fagus for a very<br />
quick tour, by nature almost a random inspection. The<br />
ship had just berthed alongside at Barnabe Island to<br />
discharge two parcels at Granel Quimica. She appeared<br />
very well maintained with excellent housekeeping and<br />
is obviously managed with style and dedication. Bow<br />
Fagus is 16 years old, but almost looked brand new. My<br />
thanks and appreciations therefore go herewith to the<br />
officers and crew on board. As our Company’s CEO, it<br />
made me feel proud.<br />
With the Board meeting in Sao Paulo, I used the opportunity<br />
to also visit Buenos Aires and Santiago. In Buenos<br />
Aires, managers and key marketing personnel for and<br />
in South America were gathered for the Annual APLA<br />
convention. I knew beforehand that we have a strong<br />
team and presence in the region, but this proved to<br />
be more and better than I had expected. I enjoyed<br />
meeting you all, and left convinced that we will be able<br />
to maintain our strong participation in the emerging<br />
markets in this part of the world.<br />
During recent months we have had two Officers’<br />
Conferences and last week a Captain and Shore<br />
Management Workshop, all with the same theme: Our<br />
Safety Culture. I think we have got this onto a good<br />
track since most attendants to the conferences seem<br />
to understand and appreciate that safety starts with us<br />
as leaders and role models. We can and shall “preach”,<br />
teach and give instructions, but most important is that<br />
we “walk the talk” i.e. lead by example. Our plans for<br />
2012 therefore, entail a stronger focus on leadership<br />
and a number of aspects associated thereto.<br />
From a QHSE point of view, we have made progress<br />
this year. Our performance is measured by a number<br />
of Key Performance Indicators, of which the majority<br />
now seem to end better than last year. Most encouraging<br />
in this respect is that we have seen less accidents with<br />
personnel injuries. But we also had a serious incident<br />
at our terminal in Rotterdam recently. It came as the<br />
results of an unintended release of butane in connection<br />
with a blending operation, as well as the discovery<br />
shortly thereafter of small leakages of benzene vapour<br />
from some of our tank roofs. The incidents created a<br />
lot of negative publicity, both in newspapers, radio and<br />
TV, not due primarily to the severity, but because we<br />
failed to timely and properly report the butane release<br />
to the authorities. A lot more can of course be said<br />
and explained hereto. For me however, the important<br />
aspect and the lesson learned, which I want you all<br />
to make note of, is that we shall always be open and<br />
forthcoming about these things, and proactively report<br />
non-conformances.<br />
The theme of this <strong>Quarterly</strong> is about how we are trying<br />
to navigating through the rough global waters as the<br />
outlook for economic growth is adjusted downwards.<br />
In different articles we share information about some of<br />
our efforts to better cope with these challenges and at<br />
the same time ensure our business remains sustainable.<br />
I hope you find it interesting.<br />
At the time of writing, <strong>2011</strong> is about to go into history. It<br />
has been an exciting and hectic year although not with<br />
a recovery of the chemical tanker market as we to some<br />
extent had hoped. But we have bought and sold ships<br />
and shareholding terminals, and are relatively seen,<br />
favourably positioned for the years to come – with or<br />
without a recovery. The sale of ships and terminals could<br />
not have taken place if it had not been for solid business<br />
development, maintenance and operations over many<br />
years. It proves in a way that our business model makes<br />
sense, and of course, that we have a number of skilled,<br />
dedicated and hard working employees out there.<br />
With that I want to thank you all for your hard work and<br />
contributions this year. I hope 2012 will turn out more<br />
favourably from an economical point of view, and thus<br />
become more rewarding for all of us. In the meantime<br />
though, I wish you all a pleasant Holiday Season and<br />
a Happy New Year.<br />
NR.04/ 11<br />
3<br />
odfjell quarterly magazine
highlights<br />
ODFJELL QUARTERLY magazine<br />
Installation of Mewis Duct on vessels<br />
– Significant reduction of emis<br />
By Torleif Solheim<br />
4<br />
Water flow<br />
Implementation of new technology to<br />
improve the propeller efficiency and<br />
thereby reduce our fuel consumption<br />
and emissions is under way. Installing<br />
and testing of the Becker Mewis Duct®<br />
marine system indicate a considerable<br />
saving potential for our fleet.<br />
The Mewis Duct® is a novel power-saving<br />
device which has been developed for full-form<br />
slower ships that allows either a significant<br />
fuel saving at a given speed or alternatively<br />
for the vessel to travel faster at a given<br />
power level. It consists of two strong fixed<br />
elements mounted on the vessel: a duct<br />
positioned ahead of the propeller together<br />
with an integrated fin system within. The duct<br />
straightens and accelerates the hull wake into<br />
the propeller and also produces a net ahead<br />
thrust. The fin system provides a pre-swirl<br />
to the ship wake which reduces losses in the<br />
propeller slipstream, resulting in an increase<br />
in propeller thrust at given propulsive power.<br />
Both effects contribute to each other.<br />
Testing<br />
Manufacturing of the ship model, Mewis Duct<br />
model and model testing of the ship have<br />
been done at Sintef Marintek Trondheim.<br />
Parts for the Mewis Duct were printed on a<br />
3D printer and have a high precision. The<br />
parts were tested with different angles and<br />
numbers in order to optimise the flow and<br />
thrust for the propeller. The hull was partly<br />
made of solid foam and epoxy, and designed<br />
in a milling machine following the ship's<br />
original drawings.<br />
The tests were done at several speeds, load<br />
conditions and at towing and propulsion<br />
mode. Running tests have shown a high<br />
potential for saving energy. Tests for our<br />
Kværner fleet documented between 7 to<br />
8 % energy saving at ballast and full load.<br />
For our Poland B588-III series, tank tests<br />
indicate 11% energy saving! As a result<br />
of reduced engine load, the cylinder oil<br />
Installation layout<br />
consumption will be reduced as well.<br />
Another advantage gaining with use of the<br />
duct is that the propeller vibration can be<br />
reduced by up to 80% and steering at low<br />
speed will improve for some vessels.<br />
Significant reduction of emissions<br />
The <strong>Odfjell</strong> fleet has several ships of<br />
different size and layout and the Mewis<br />
Duct can be relevant for installation on<br />
a number of ships. Installations will also<br />
be environmentally beneficial with the<br />
significant potential of reducing NOx, CO 2<br />
and SOx emissions.<br />
Installation of Mewis Duct on<br />
Bow Sea during drydocking at<br />
Remontowa shipyard<br />
www.odfjell.com
sions and use of fuel<br />
NR.04/ 11<br />
5<br />
Kværner hull at 16 knots design waterline<br />
Verified calculations<br />
Calculations were verified by model<br />
tests at Sintef Marintek in Trondheim in<br />
October and November 2010 for the Kværner<br />
and Poland B-588 ship series. On site installation<br />
at reference ship Bow Flora and Bow<br />
Sea was completed earlier this year.<br />
Results to date clearly indicate lower fuel<br />
consumption and more speed. The live tests<br />
will continue and are being monitored closely<br />
by the ship’s reporting system.<br />
The scope<br />
The scope of the contract covers all sizes of<br />
<strong>Odfjell</strong> vessels and defines a progress split in<br />
different stages:<br />
• Preparation of supplied information<br />
and data of the ship<br />
• Creation of a digital ship hull, propeller<br />
and Mewis Duct<br />
• CFD - analysis of the Mewis Duct<br />
(Computational Fluid Dynamics)<br />
• Manufacturing of the ship model<br />
and the Mewis Duct model<br />
• Model testing of the ship including<br />
Mewis Duct<br />
Extract of model test result report of the Mewis Duct performance<br />
V PB Fuel Consumption Emission<br />
[kn] [kW] [mt/24h] [mt/year] [mt/year]<br />
NOx CO 2<br />
Ship without<br />
Mewis Duct® 16,1 9.300 37,3 8.200 572 25.994<br />
Ship with<br />
Mewis Duct® 16,1 8.740 34,9 7.670 535 24.314<br />
Economies Cons. 6,0% 6,5% 6,5% ~6,0% ~6,5<br />
Emission calculation<br />
odfjell quarterly magazine
highlights<br />
ODFJELL QUARTERLY magazine<br />
What will internet<br />
access on board<br />
mean to you?<br />
Maximo Jr. F, Escalante,<br />
Bosun Bow Cecil<br />
Internet will make social<br />
communication networking<br />
possible and I will be<br />
able to keep in touch with<br />
my family.<br />
6<br />
All vessels going ‘on-line’<br />
By Gunnar Eide<br />
Over the next three years, all <strong>Odfjell</strong> managed<br />
vessels will be equipped with internet access<br />
by installation of the VSAT satcom system on<br />
board. We have been testing several internet<br />
access systems on board five vessels for some<br />
time in order to gain experience with the different<br />
VSAT technologies from different suppliers and to<br />
integrate internet access on board with existing<br />
ICT systems.<br />
More value added services<br />
After evaluating several tenders from market-leading<br />
VSAT providers, we decided to implement Marlinks’<br />
proposal WaveCall. Also included in their proposal<br />
were several ‘value adding’ services in addition to<br />
internet access, like web filtering, voice over IP, private<br />
networking between ship and office and a secure<br />
remote access to the vessel for remote support. The<br />
solution requires two new antennas to be installed,<br />
where one antenna will act as a backup system to<br />
be used in areas where there is no VSAT coverage<br />
yet. Older satellite communication systems will be<br />
replaced by the new systems.<br />
The solution requires two new antennas to be installed<br />
Optimisation of lines<br />
Since internet access at sea is satellite based, the<br />
speed of the link will not be as fast as at home or in the<br />
office, but both Marlink and <strong>Odfjell</strong> ICT department<br />
have developed technical solutions to optimise the<br />
line as much as possible in order to make the user<br />
experience better.<br />
In addition to internet access, the vessels will get IP<br />
based phones with local Norwegian or Singaporean<br />
phone numbers. The “voice-over IP” service offers<br />
a much better voice quality compared to regular<br />
satellite phone calls and is also cheaper to use.<br />
Maximum 36 months<br />
A fixed monthly fee will cover the costs for the required<br />
equipment, the airtime for the Marlink WaveCall<br />
solution as well as the value added services. The fixed<br />
monthly price of the communication package justifies<br />
roll out of this communication solution to all vessels<br />
within a maximum period of 36 months.<br />
Daison B. Panopio,<br />
Messman Bow Cecil<br />
It will be nice having internet<br />
on board. That way I<br />
can keep in touch with my<br />
family whenever I want to,<br />
even when we are at sea.<br />
It is a helpful system the<br />
Company is giving to us.<br />
Bård Lysen,<br />
1st Eng. Bow Cecil<br />
It will be nice to be able to<br />
read your local newspaper<br />
as well as your email, and<br />
keep in touch with your<br />
friends and family.<br />
www.odfjell.com
NR.04/ 11<br />
7<br />
Picking the low hanging fruits:<br />
– New hull cleaning and propeller polishing schemes<br />
give important fuel and emission savings<br />
By Svend Foyn-Bruun and Erik Hjortland<br />
Equipment for hull cleaning<br />
The recent trial of a new hull cleaning and<br />
propeller polishing scheme on a ship has<br />
showed very promising results. The fuel efficiency<br />
increased significantly compared to<br />
previous measurements.<br />
Although hull cleaning and propeller<br />
polishing are normal part of ordinary drydocking<br />
work, the remarkable result may<br />
lead to a new practice by which all our ships,<br />
both time chartered and owned, will be more<br />
closely monitored and the cleaning intervals<br />
shortened.<br />
Fuel and emission savings<br />
We estimate that on this particular trial ship,<br />
the new and advanced hull cleaning and<br />
propeller polishing scheme will reduce the<br />
CO 2<br />
emissions by 5,000 mt in one year.<br />
It would be hard to make an individual underwater<br />
cleaning programme for each ship, but<br />
a scheme that introduces a shorter interval<br />
compared to todays practice combined with<br />
a closer performance evaluation seem to be<br />
optimal both from an environmental and a<br />
financial viewpoint.<br />
New techniques<br />
The underwater hull cleaning and propeller<br />
techniques have improved over the last<br />
couple of years. Today it is possible to carry<br />
out the cleaning during a normal port stay<br />
without arranging for the vessel to be off hire.<br />
The ‘robotized’ hull cleaning may take place<br />
at anchorage or at cargo berths without any<br />
significant release of antifouling residues.<br />
The whole operation can be completed within<br />
12 hours. The result is a significant reduction<br />
of consumption and emissions of CO 2<br />
, NOx<br />
and SOx.<br />
odfjell quarterly magazine
highlights<br />
ODFJELL QUARTERLY magazine<br />
Re-imagine <strong>Odfjell</strong> ICT<br />
to contribute to a<br />
sustainable business<br />
By Matt Duke<br />
8<br />
Making the business sustainable is an<br />
area that IT is being called upon not only in<br />
<strong>Odfjell</strong>, but also in many other enterprises<br />
around the world.<br />
The world is changing, and with that change<br />
the reliance on technology and computers<br />
has become pivotal. If one should consider<br />
your work, and how computers are used,<br />
how much could you achieve without reliable,<br />
functional and secure IT systems? For<br />
better or worse, most of us are directly or<br />
indirectly reliant on IT systems. In <strong>Odfjell</strong><br />
reliable, predictable systems are not enough.<br />
The Company insists that we will invest in<br />
world class technology that will give us a<br />
competitive edge, and the best possibility to<br />
deliver safe, efficient and desirable services to<br />
our customers. In other words, we must invest<br />
in the technology that is best suited to our<br />
business needs, and we must implement this<br />
with agility, whilst avoiding a negative impact<br />
on the availability of the tools already in use.<br />
This gives ICT both a responsibility for<br />
running our Company systems and also for<br />
contributing to the business ideas that ultimately<br />
can enable growth in the enterprise,<br />
and a platform for operational excellence.<br />
Additionally ICT must keep abreast of new<br />
technologies and trends like social media,<br />
consumerisation of IT, mobility and cloud<br />
computing. All of which can have a direct<br />
impact on our way of working, both with<br />
our numerous partners and customers, and<br />
also internally within our global enterprise.<br />
<strong>Odfjell</strong> Corporate ICT relish this opportunity<br />
to play our part in delivering better customer<br />
satisfaction and ultimately improved results,<br />
and the entire ICT department is starting a<br />
period of reinvigoration and alignment in<br />
order to best meet these needs.<br />
Certain foundations are essential for a<br />
complex business like <strong>Odfjell</strong>. It is a key<br />
philosophy for our Company that technology<br />
standardization breeds increased agility for<br />
business growth. We are investing heavily<br />
in our terminal IT systems, based on SAP<br />
Netweaver, and we are doing a similar process<br />
for our shipping solutions, based on IMOS<br />
7 from Veson Nautical. These platforms are<br />
solid foundations for continued growth,<br />
but ICT has the duty to support the business<br />
leveraging these investments in order<br />
to improve our business profitability. The<br />
business has the duty to take real ownership<br />
of these systems and ultimately the success<br />
of any such investments will be directly tied<br />
to the amount of effort and ownership our<br />
colleagues invest in shaping the use and<br />
development of these tools. <strong>Odfjell</strong> ICT will<br />
provide the “glue” in connecting our business,<br />
but our business specialists and experienced<br />
shipping/terminal employees ultimately<br />
know the recipe for the “special sauce” that<br />
makes <strong>Odfjell</strong> unique. We must ensure such<br />
competency and ideas are represented in<br />
our IT solutions, and the information these<br />
present back to decision makers in our diverse<br />
and complex business is equally crucial for<br />
success.<br />
The future for ICT in the challenging economic<br />
times ahead has never been more<br />
crucial. We must ensure that our focus is<br />
not only on the building blocks of delivering<br />
business improvement projects, but also in<br />
ensuring that the information these solutions<br />
contain is available at the strategic level to our<br />
leadership in real time. Therefore, using the<br />
“ICT Steering Committee” and prioritization<br />
of projects wisely will form a key success factor<br />
for our business moving forwards.<br />
Rather than just focusing on the “mega<br />
projects” of new terminal and shipping<br />
production systems, ICT will now be challenged<br />
to consider the economic impact of<br />
all proposed business improvement projects,<br />
and how these directly relate to the overall<br />
business strategy set down by our CEO. We<br />
must ensure that the best and most flexible<br />
technology is implemented to allow our colleagues<br />
a competitive and flexible working<br />
day. All potential projects should be reviewed<br />
against the same backdrop of a challenging<br />
economic environment and need to invest<br />
wisely.<br />
The reinvigoration of ICT to contribute to<br />
a sustainable business model will in many<br />
ways continue revolve around the delivery of<br />
predictable, reliable and appropriate business<br />
tools, however where we see the need for a<br />
paradigm change, is in the amount of focus<br />
and energy we give on the delivery and presentation<br />
of business information and trends,<br />
and our continued learning and understanding<br />
of the business we work in. Our vision is<br />
that IT will play an important and strategic<br />
part in the overall strategy of the business to<br />
achieve financial sustainability in challenging<br />
and uncertain times ahead. The success of<br />
this vision will therefore be directly tied to the<br />
ability of ICT to successfully understand and<br />
communicate with all parts of the business,<br />
to ensure key stakeholders have access to the<br />
information and tools they need to perform<br />
their work in an enjoyable, productive and<br />
highly competitive manner, and the pathways<br />
for creative suggestions to be lifted to correct<br />
level for review. In forthcoming issues<br />
of <strong>Quarterly</strong> we will look closer at many of<br />
these aspects.<br />
<strong>Odfjell</strong> ICT will provide the<br />
“glue” in connecting our<br />
business, but our business<br />
specialists and experienced<br />
shipping and terminal<br />
employees ultimately know<br />
the recipe for the “special<br />
sauce” that make<br />
<strong>Odfjell</strong> unique<br />
www.odfjell.com
NR.04/ 11<br />
9<br />
odfjell quarterly magazine
chairman’s message<br />
ODFJELL QUARTERLY magazine<br />
10<br />
Laurence W. <strong>Odfjell</strong><br />
‘We are living in interesting times,’ my grandfather<br />
Bernt Daniel <strong>Odfjell</strong> was prone to say<br />
when the company was facing tough markets<br />
or uncertainty. We are heading toward the<br />
end of another challenging year and this is an<br />
opportune moment to reflect upon the macro<br />
picture and how we have been positioning<br />
ourselves for the future. Outlook for sustainable<br />
growth in the world economy is fraught<br />
with uncertainty in light of the continuously<br />
developing twists and turns of the sovereign<br />
debt crisis in Europe (and the US), the seeming<br />
shift of world economic power, and the<br />
political unrest in large parts of the world.<br />
As a global provider of transportation and<br />
storage services, our arena is global trade,<br />
so any impact on the demand side will only<br />
prolong the adverse effects we have been<br />
suffering from the supply overhang of ships.<br />
Many argue that the global economy never<br />
really exited the crisis of 2008/09. Of course,<br />
there was a seeming rebound in certain sectors<br />
during 2010, but no structural solutions<br />
to the fundamental challenges of an emerging<br />
new economic order (or call it reality) have<br />
yet been put forth. As the debt crisis has (re)<br />
entered center stage in Europe - social unrest<br />
is increasing. This unrest will probably only<br />
grow as unemployment levels in many mature<br />
economies are already at worryingly high<br />
levels. Some argue that the western world<br />
are at the end of a mega trend of continuous<br />
growth in prosperity since World War II. If<br />
so, how to adjust expectations? Taking away<br />
privileges or benefits is never popular and<br />
is something politicians only will do as a<br />
last resort. There should be no doubt that<br />
austerity measures in the public sector will<br />
hurt. They will also increasingly impact the<br />
private sector and the so-called ‘Main Street’<br />
economy, usually a lagging but nevertheless<br />
predictable effect. One emerging threat is that<br />
politicians revert to protectionist measures in<br />
an effort to protect or promote employment<br />
at home, thus responding to the demands<br />
of their electorate. Of course, protectionism<br />
would lead to reduced global trade, thus<br />
having a direct impact on the demand for<br />
our services.<br />
With projections of sluggish growth at best in<br />
the OECD countries, one would have hoped<br />
that international bodies would lighten<br />
the ever increasing load of new regulations<br />
coming into force. In the long view, certainly<br />
many of the initiatives by the EU, the US,<br />
the IMO, etc., will arguably safeguard public<br />
interests. However, all these initiatives come<br />
with short term costs of implementation and<br />
compliance, something that appears not to<br />
be fully appreciated by eager regulators in<br />
this challenging business environment. Who<br />
will foot the bill? Conventional wisdom would<br />
say that this will ultimately be paid by all of<br />
us (so a ‘tax’ on society). Can we really afford<br />
all of this now?<br />
In shipping, the anemic growth of demand<br />
combined with oversupply of ships in the<br />
many sectors has produced a deep crisis. Trade<br />
journals are filled with news of struggling<br />
operators and bankruptcies. Counterparty<br />
risk for our charterers is increasing. Are ships<br />
being maintained to safe standards when the<br />
owners are bleeding cash? Or what is the risk<br />
of an operator’s ships being arrested in port?<br />
Or performing reliably according to contract<br />
of affreightment?<br />
Of course, in the backdrop of the debt<br />
crisis (which easily can translate into a full<br />
blown banking crisis), financing of shipping<br />
activities will become an increasingly<br />
expensive and challenging proposition for<br />
many operators. Needless to say, banks are<br />
essential participants in our capital intensive<br />
business. Even before the crisis, banks had a<br />
large exposure to shipping by financing the<br />
lion’s share of newbuildings, etc. Now with<br />
equity being wiped away after years of losses,<br />
many banks have by default become large<br />
ship-owners, something which is tenable<br />
for only a relatively short period. The issue<br />
is often more complex because of how the<br />
industry now often relies on groups of lenders<br />
for so-called syndicated loans. The result is a<br />
group of lenders (complicated ever further if<br />
there are bondholders in the mix), becoming<br />
ship-owners with potentially very different<br />
agendas or requirements. In the absence of<br />
a ‘group will’ or ability to write off losses,<br />
companies are artificially kept afloat, thus<br />
possibly also delaying any recovery in the<br />
shipping markets. And now with counterparty<br />
risk reemerging with gale force within the<br />
banking world (just note how shares in banks<br />
have fared over the last three months), how<br />
to syndicate new loans in an environment<br />
where you cannot readily trust your typical<br />
fellow group lenders? It is certainly reassuring<br />
for us not to have uncovered investment<br />
commitments in this scenario.<br />
As the global financial crisis evolves, we start<br />
seeing signs that ‘the invisible hand of the<br />
market’ (as described by Adam Smith) could<br />
increasingly be replaced by protectionism in<br />
the form of duties on imported goods. Never<br />
good for trade. Never good for those of us who<br />
live by transportation and related services.<br />
And what is the worst part of this? There are<br />
no quick fixes in sight to ensure sustainable<br />
global economic growth. Our hopes are tied to<br />
the fortunes of the increasingly important role<br />
of the emerging markets, but these are also<br />
suffering increasing pains of modernization.<br />
More specifically to our particular shipping<br />
business, the health of our chemical tanker<br />
industry is weak after three years of freight<br />
rates at loss generating levels. We continue<br />
to face unprecedented challenges due to<br />
the inefficiencies of our trade, exacerbated<br />
by lacking shore infrastructure, high (and<br />
volatile) fuel costs, increasingly complex vetting<br />
regimes and the continued onslaught of<br />
regulations.<br />
A perfect storm is the joining of many adverse<br />
forces. Such a storm has been the backdrop<br />
for our activities in 2009, 2010, <strong>2011</strong> and<br />
probably will be for 2012 and onwards. Last<br />
year, we announced we would have to take<br />
measures to secure our business in face of<br />
turbulent waters. Our focus was to ensure<br />
control of our own fate, by taking measures<br />
to shore up our balance sheet, particularly to<br />
build cash and reduce forward commitments.<br />
In the course of a relatively short period, we<br />
have actually turned around our position<br />
(albeit still producing losses in the underlying<br />
operations of shipping). We have built up a<br />
war chest to survive a possible delay in the<br />
recovery of our markets. We have also entered<br />
into new partnerships that will allow us to<br />
invest in some of the many opportunities<br />
that appear on our radar screen. All this has<br />
been the fruit of dedication and hard work<br />
by many of you. I would therefore like to take<br />
this opportunity to recognize and express<br />
gratitude for the extraordinary efforts of many<br />
of you in these processes.<br />
In light of an outlook clouded by uncertainty<br />
and therefore lacking visibility, let me end<br />
this rather somber message by reassuring<br />
you that we are now better fit for fight. From<br />
a position of certain vulnerability at the end of<br />
last year, we are now, a year later, in a position<br />
of relative strength amongst our peers. Our<br />
main financing is secured, we have plenty of<br />
cash in our accounts and, importantly, we<br />
have not taken shortcuts affecting safety in<br />
our operations. We are, indeed, prepared for<br />
continued interesting times ahead.<br />
Stay safe.<br />
www.odfjell.com
LANDMARKS<br />
ODFJELL QUARTERLY magazine<br />
Carbon Disclosure Project - Nordic Summary <strong>2011</strong><br />
By Bjørn Ydse<br />
Carbon Disclosure Project (CDP) is the<br />
leading international not-for-profit<br />
organisation focusing on response to<br />
climate change. It secures the disclosure<br />
of climate change related data from major<br />
global corporations on behalf of 551 of the<br />
world’s leading investment institutions<br />
with more than USD 71 trillion in assets<br />
under management.<br />
<strong>Odfjell</strong> reported to CDP in May <strong>2011</strong>. The<br />
largest shipping respondents were A. P.<br />
Moller – Maersk, Frontline, D/S Norden<br />
and <strong>Odfjell</strong> SE.<br />
Our CDP score was 65, which is considered<br />
a good score since this was our first year<br />
of a full reporting. Maximum score is 100<br />
and the average 2010 figures were 64 for<br />
the Nordic companies.<br />
Facts from <strong>Odfjell</strong>’s report:<br />
• Limited to our shipping business and the main office in Bergen.<br />
• The survey delivered in <strong>2011</strong> is based on 2010 figures.<br />
• Reported figures are only related to the emissions of CO 2<br />
.<br />
• CO 2<br />
emissions:<br />
- Scope 1<br />
1, 841,000 tonnes (from sources owned or controlled by <strong>Odfjell</strong>).<br />
- Scope 2<br />
487 tonnes (from purchased electricity and heating at the office in Bergen)<br />
- Scope 3<br />
7,880 tonnes (from business travel (incl. seafarers),<br />
waste and employees commuting to the office in Bergen).<br />
• KPIs emissions of CO 2<br />
related to tonnes miles, revenue and employees have<br />
been reduced over the last years.<br />
NR.04/ 11<br />
11<br />
Third quarter results:<br />
Moderate improvements in earnings<br />
By Margrethe Gudbrandsen<br />
Sale of 49% shares in tank terminals in Rotterdam,<br />
Houston and Charleston, solid tank terminal earnings<br />
and marginally increased time charter results<br />
gave a third quarter net result of USD 261 million<br />
for <strong>Odfjell</strong> SE.<br />
Earnings before interest, tax, depreciation and amortisation<br />
(EBITDA) the first nine months of <strong>2011</strong> was<br />
USD 82 million, compared to USD 66 million for the<br />
first nine months in 2010. The operating result (EBIT)<br />
was USD 22 million for the first nine months <strong>2011</strong>,<br />
compared to a loss of USD 29 million for the same<br />
period last year. The historical figures have been<br />
restated as a consequence of reduced ownership<br />
percentage in the tank terminals.<br />
High bunker costs still impact trading results negatively,<br />
but the time charter result still increased a little<br />
compared to the second quarter. In the quarter we<br />
signed a Letter of Intent to take an equity share in the<br />
Noord Natie Terminals in Belgium.<br />
With the purchase of the vessel ‘Holly Galaxy’, two<br />
additional vessels on time charter and the joint<br />
venture with Crystal Pool our fleet has increased to<br />
100 vessels in total.<br />
– Due to the negative financial situation in Europe<br />
and US, the uncertainty remains as to when we can<br />
expect to see a significant and necessary recovery<br />
of the chemical tanker market. However despite the<br />
economic turmoil, our cargo volumes have increased<br />
recently. But our result might be challenged as we are<br />
not being fully compensated for the increase in bunker<br />
cost. We expect our tank terminal results to remain<br />
stable due to our solid contract base. We estimate our<br />
overall results in fourth quarter to show a moderate<br />
improvement compared to third quarter, says Terje<br />
Iversen, CFO <strong>Odfjell</strong> SE.<br />
odfjell quarterly magazine
LANDMARKS<br />
ODFJELL QUARTERLY magazine<br />
12<br />
Bjørn Hilmar Baug, Odd Jarle Pollen and Andreas Haukaas in use case discussions for the Chartering processes<br />
New ICT platform for <strong>Odfjell</strong> Tankers<br />
By Einar Øye<br />
On Monday November 14th, <strong>Odfjell</strong> Tankers<br />
kicked off the construction phase of the<br />
on-going project aiming to deliver a new<br />
ICT platform for <strong>Odfjell</strong> Tankers. Equivalent<br />
to the TMS project within <strong>Odfjell</strong> Terminals,<br />
the basic idea of this initiative is to provide<br />
one common software solution to support<br />
<strong>Odfjell</strong>’s commercial shipping activities<br />
onshore as well as on board the vessels.<br />
Improving support for all work processes<br />
Currently, there are different ICT tools used<br />
for chartering, operations, demurrage, etc.<br />
The tools were developed by <strong>Odfjell</strong> Tankers to<br />
target the specific needs within a department<br />
or a group of users. As the tools maintain<br />
their own “silos” of information, the ability to<br />
share and reuse this information efficiently,<br />
is limited.<br />
The new ICT shipping platform will provide<br />
a fully integrated solution with possibilities<br />
to automate routine tasks, streamline<br />
communication between departments,<br />
increase productivity, and support decision<br />
making. However, implementing a new system<br />
will not necessarily guarantee improvements.<br />
To be successful, we also need to see if we<br />
can improve the work processes, and the way<br />
we interact with the system. For instance, by<br />
always seeking to capture information at the<br />
source (e.g. on board a ship), it’s possible to<br />
start reusing the information in successive<br />
steps throughout the work process.<br />
<strong>Odfjell</strong> Tankers’ Senior Vice President, Morten<br />
Nystad, says: – The purpose of this project,<br />
first and foremost, is to improve the logistical<br />
services provided to our clients as well as<br />
increasing the efficiency of our operations.<br />
The success of the project will be greatly<br />
dependent on the ownership of the business.<br />
At <strong>Odfjell</strong> Tankers, we are building a strong<br />
project team to meet this challenge and are<br />
looking forward to building the solution in<br />
partnership with ICT and Veson Nautical.<br />
IMOS - the new system<br />
This autumn, we signed a contract with<br />
Veson Nautical for the purchase of their IMOS<br />
system. IMOS will replace the current stack<br />
of tools used for chartering, voyage management<br />
and demurrage. In addition to replacing<br />
OTIS, Odysseus, PreCalc, etc., Veson will also<br />
provide an on board software called Veslink<br />
to support an efficient information exchange<br />
between ships and shore-based personnel.<br />
Basically, we will establish two «main pillars»<br />
for support of the global <strong>Odfjell</strong> network:<br />
1) The support for the shipping processes<br />
will be delivered mainly through the<br />
IMOS and Veslink software.<br />
2) The decision support is planned to<br />
be obtained by establishing a data<br />
warehouse.<br />
In addition, interfaces will be established<br />
to external service providers to enable<br />
efficient exchange of business transaction<br />
data and documents. Communication and<br />
collaboration will be supported by the<br />
Microsoft Office tools as used today.<br />
Tests and training<br />
As we have just started the construction<br />
phase, we expect to use 2012 to configure<br />
and test the system thoroughly to ensure that<br />
IMOS can provide the best possible support<br />
for the work processes. We expect to go “live”<br />
in early 2013.<br />
The plan is to implement IMOS to the shore<br />
www.odfjell.com
NR.04/ 11<br />
13<br />
This figure illustrates the main deliverables in this project.<br />
based organisations, including 15 overseas<br />
offices. In parallel, we will start deployment<br />
of Veslink on board the entire fleet.<br />
Before going live with the systems, all <strong>Odfjell</strong><br />
Tankers employees will need to undergo<br />
adequate and sufficient training according<br />
to their respective roles in the organisation.<br />
In addition, we will educate a number of Key<br />
Users in order to provide local support to<br />
their colleagues.<br />
Project organisation<br />
Project owner Morten Nystad, is also<br />
chairman of the steering committee. The<br />
other members of this committee are Ove<br />
Nygård, Svend Foyn-Bruun, Arne Harkestad,<br />
Harald Fotland and Matt Duke. People<br />
representing all the relevant business areas<br />
and roles have been assigned to the project.<br />
Corporate ICT will act as the facilitator<br />
of the project activities, and support the<br />
business people in the work to establish<br />
the deliverables.<br />
‘New’ stowage support tool<br />
– project in progress<br />
By Leif Gunnar Alvær<br />
As part of the new shipping solution<br />
project, <strong>Odfjell</strong> Tankers is in the<br />
process of renewing their stowage<br />
support tool. Until now operators have<br />
used ‘Othello’ (software developed<br />
internally), whilst the vessels have<br />
used other systems such as the<br />
‘Supercargo stowage simulator’.<br />
The new stowage tool will allow the<br />
operator and shipboard management<br />
to work on the same stowage and use<br />
the same computer software program. In<br />
order for the new system to be successful,<br />
high priority will be given to the user.<br />
A project team is formed, including users<br />
from operations and representatives for<br />
the vessels. Until now, the project team<br />
has focused on analysing which features<br />
work well in the existing systems, and<br />
at the same time investigating which<br />
features within these systems are not<br />
being used or are difficult to use.<br />
The result has led to a requirement<br />
specification of what we believe a new<br />
stowage tool should contain. The lists<br />
of requirements have been approved by<br />
the <strong>Odfjell</strong> Tankers steering committee,<br />
and have been presented to selected<br />
vendors in a tender to offer. Once we<br />
receive feedback from these possible<br />
suppliers, the project team will evaluate<br />
the different solutions and discuss how<br />
to develop the new stowage tool.<br />
odfjell quarterly magazine
LANDMARKS<br />
ODFJELL QUARTERLY magazine<br />
Naming ceremony M/T Flumar Brasil<br />
The Naming Ceremony of the M/T Flumar Brasil (51,000 dwt/2010) took place on 13 September in Rio de Janeiro,<br />
at the Pier Maua. The event was a special occasion as it was the first naming ceremony for Flumar in Brazil.<br />
14<br />
The navy orchestra gave a memorable performance<br />
Flumar Brasil operates under a Brazilian flag with Brazilian seafarers<br />
The ship was blessed and the Lady sponsor, Patricia R. Russo gave her speech and cut the rope<br />
launching a loud salute and the release of balloons<br />
The guests were invited on board to see the ship, which is the most modern ship operating with Brazilian flag on the Brazilian coast<br />
No naming ceremony is complete<br />
without the bottle of champagne!<br />
www.odfjell.com
PORTRAIT<br />
ODFJELL QUARTERLY magazine<br />
Dedicated by nature<br />
By Margrethe Gudbrandsen<br />
In August this year, we welcomed a new<br />
Chief Financial Officer. With less than the<br />
“100 days” to acclimatize, Terje Iversen<br />
has been thrown into budget and decisionmaking<br />
processes and has taken control of<br />
the various tasks of the Finance department.<br />
We are pleased to further introduce<br />
Terje Iversen.<br />
With an accomplished financial educational<br />
background and experience in various positions<br />
within maritime related companies, we<br />
are eager to find out why Terje is so dedicated<br />
to the maritime industry: – My professional<br />
career started at Coopers & Lybrand (now<br />
PwC) as an auditor/consultant working with<br />
various clients within shipping and offshore.<br />
Thereafter I worked as a Finance Manager/<br />
VP Finance in <strong>Odfjell</strong> Drilling for eight years<br />
before joining the Bergen Group as CFO in<br />
2008. <strong>Odfjell</strong> Drilling is a Norwegian based<br />
contractor specialising in drilling operations<br />
on fixed and floating production platforms<br />
in the North Sea and also globally, while<br />
the Bergen Group is a supplier of products,<br />
services and solutions to the offshore and<br />
maritime industry. The city of Bergen and<br />
Norway as a country has a long history<br />
and a strong track-record when it comes to<br />
international presence within the maritime<br />
related industries, hence I was attracted to<br />
the maritime industry, Terje says.<br />
<strong>Odfjell</strong> SE – a quality company<br />
<strong>Odfjell</strong> is yet another element of the maritime<br />
industry, what attracted you to <strong>Odfjell</strong>?<br />
– <strong>Odfjell</strong> is a leading international quality<br />
company with a long history and strong track<br />
record in the industry. The group has solid<br />
owners, a solid balance sheet as well as ambitions<br />
for further growth. This is something I<br />
find attractive and inspiring, he says.<br />
Terje is described as a very motivated and<br />
engaging person. He is structured and goal<br />
oriented. These strengths are combined with<br />
a ‘cheerful mind’. He wants to make sure<br />
that it is fun to be at work, but that there<br />
ought to be exciting professional challenges<br />
to work with.<br />
As a newcomer to the Company he shares<br />
some thoughts about areas of progress.<br />
– <strong>Odfjell</strong> is a very strong company with<br />
highly educated and motivated people. The<br />
Company is not however very well known<br />
either within the financial market or in the<br />
employee recruiting market. We should not<br />
be modest when it comes to telling the world<br />
about our company in order to gain access<br />
to necessary and reasonable funding as well<br />
as enabling us to recruit the best people in<br />
the business. My ambitions are of course<br />
to contribute to increased earnings for the<br />
shareholders by doing the best possible<br />
work. Being an established company, with a<br />
strong structure and headquarters in Bergen,<br />
<strong>Odfjell</strong> has a solid foundation for the future,<br />
but we should allow to be more potentially<br />
challenged with regards to how things are<br />
being done. Not being a typical insider from<br />
the shipping industry it might be easier to<br />
ask “odd” questions or look at things in a<br />
different way. With that said, I do not foresee<br />
a ‘revolution’, but more a continued evolution<br />
going forward, Terje explains.<br />
Competiveness<br />
Terje is also eager on focusing on how <strong>Odfjell</strong><br />
can be more competitive. – If we are going to<br />
succeed in a highly international competitive<br />
business, the organisation needs to be both<br />
effective and efficient when it comes to working<br />
procedures and structures. The group<br />
has had strong growth over the last decades<br />
and the organisation needs to be competitive<br />
and also prepared for the potential growth<br />
ahead of us. Also, having a headquarters in<br />
Norway gives us challenges in terms of high<br />
costs, especially when competing with the<br />
very solvent oil and gas industry in Norway<br />
for qualified personnel, he says.<br />
Some spare time<br />
When working with Terje, you notice his<br />
eagerness and dedication to the job, always<br />
thinking of the best way to solve a task, challenge<br />
or making a decision. Fortunately he<br />
uses his spare time to ‘recharge his batteries’<br />
with his wife and two daughters, as well as<br />
friends and family. – I also cycle, play squash<br />
and of course watch football (i.e. to follow the<br />
favourite football team “Brann”) if I have time!<br />
In addition I really love to spend the weekends<br />
and holidays at our sea-side cabin and also<br />
go fishing, he ends.<br />
NR.04/ 11<br />
15<br />
Fast facts:<br />
Name: Terje Iversen<br />
Born: 1969<br />
Nationaltiy: Norwegian<br />
Education: Master of Science in Business<br />
and also State Authorised Public Accountant.<br />
Work experience: PwC, <strong>Odfjell</strong> Drilling AS and Bergen Group ASA.<br />
odfjell quarterly magazine
BRIEFINGS<br />
ODFJELL QUARTERLY magazine<br />
Tank farm Railway station OTD entrance<br />
16<br />
<strong>Odfjell</strong> Terminals (Dalian):<br />
Clean, restored and ready!<br />
By Xu Tao<br />
With the support of <strong>Odfjell</strong> Terminals BV and<br />
Dalian Port Company (PDA), the necessary<br />
dedication of our employees and the industrial<br />
contractors, <strong>Odfjell</strong> Terminals (Dalian)<br />
Ltd. (OTD) finally completed the hard work of<br />
cleaning up and repairing the facilities that were<br />
stained and damaged in the explosion and fire<br />
at a neighbouring terminal on July 16, 2010.<br />
It is really good to see all the infrastructures in<br />
good working order; the railway station, the motor<br />
control centre, the truck handling facilities, truck<br />
operation room and the main entrance with the<br />
new gate-house. Likewise the long-lost and<br />
familiar ‘process control picture’s on the screen<br />
of computers’ monitors at centre control room.<br />
A brick wall on the boundary between OTD and<br />
the neighbouring facility has been erected as a<br />
measure to prevent possible future external risks.<br />
Restoring<br />
OTD started the first commissioning of restoring<br />
facilities in the middle of September with a slow<br />
running locomotive followed by a train of rail<br />
wagons. The railroad ground and newly installed<br />
rail tracks were tested by the railway company of<br />
PDA. Other equipment, including switchgears,<br />
electric driven motor pumps, tank radar systems,<br />
emergency shut-off valves and fire fighting control<br />
valves, as well as foam systems, were carefully<br />
inspected and tested one by one by a joint team<br />
consisting of technicians and engineers from OTD<br />
and the PDA electric company. A milestone was<br />
reached in the restoration work on October 18<br />
when OTD successfully replaced the temporary<br />
high voltage power source supplied by a temporary<br />
transformer with a permanent power supply.<br />
During the long process of restoration work, we<br />
were faced with numerous unexpected difficulties<br />
and challenges. The OTD team managed and<br />
overcame these challenges one by one, by finding<br />
good, safe and practical solutions. With the good<br />
support of our valued customers and extraordinary<br />
work performance by our colleagues, OTD<br />
has exceeded the operational and financial targets<br />
set for <strong>2011</strong>.<br />
Well done<br />
Atle Knutsen, President of <strong>Odfjell</strong> Terminals B.V.<br />
expresses his sincere appreciation and thanks<br />
to all the people from PDA, <strong>Odfjell</strong> Terminals<br />
BV, OTD’s valued customers and industrial contractors<br />
for giving their support to the extensive<br />
restoration work of OTD.<br />
Equally, a big thank you to the OTD team for its<br />
relentless work. Congratulations on work well<br />
done and MISSION COMPLETED!<br />
OTD are setting sail for new and more challenging<br />
targets.<br />
www.odfjell.com
Triple ISO certification at OOT<br />
By Zeger van Asch van Wijck<br />
In September <strong>2011</strong>, Oiltanking <strong>Odfjell</strong><br />
Terminals & Co.Llc, Oman (OOT) received<br />
the official certification of our Integrated<br />
Management System (IMS) consisting of<br />
ISO 9001 (Quality), ISO 14001 (Environment)<br />
and OHSAS 18001 (Occupational Health &<br />
Safety).<br />
With ongoing expansion projects and<br />
complexity increasing at the terminal, OOT<br />
decided to strive for an external certification<br />
of three different standards merged in its IMS<br />
in 2010. For the external certification SGS, the<br />
world’s leading inspection, verification, testing<br />
and certification company was chosen.<br />
Before SGS conducted their first stage audit<br />
in May <strong>2011</strong>, a vast number of tasks had to be<br />
fulfilled during a one-year period. Tasks such<br />
as various procedures at the terminal had to<br />
be revised, checklists and the Management of<br />
Change programme as well as the implementation<br />
of a supplier evaluation and customer<br />
satisfaction programme had to be introduced.<br />
In addition, a Hazard Identification and Risk<br />
Achievement the triple ISO certification of OOT would not have been possible without the dedicated, relentless input from staff of various<br />
departments<br />
Assessment exercise had to be taken care of.<br />
Staff needed to learn to put the standards<br />
into practice and to be trained at large.<br />
Eventually the entire IMS documentation<br />
was computerised in a database. The IMS is<br />
continuously being improved by the means<br />
of an internal audit programme.<br />
With such good standards implemented and<br />
well prepared organisation, SGS granted the<br />
OOT the final certification of their IMS after<br />
the second audit in July <strong>2011</strong>. The certification<br />
will increase the terminal’s efficiency, make it<br />
easier to implement new systems and ensure<br />
that procedures are continually improved and<br />
refined. The benefits of implementing these<br />
systems are also external as they demonstrate<br />
to customers and other entities that OOT<br />
uses industry-respected best practices and is<br />
committed to a clear quality concept.<br />
NR.04/ 11<br />
17<br />
<strong>Odfjell</strong> Terminals (Jiangyin): - Successful CDI-T audit<br />
By Pierre Houben<br />
In November, <strong>Odfjell</strong> Terminals (Jiangyin)<br />
(OTJ) passed the CDI-T audit. CDI-T is the<br />
global, independent inspection scheme for<br />
bulk liquid chemical storage terminals.<br />
As businesses diversify, the need to store<br />
chemical products in third party tank farms<br />
and terminals has increased. The reputation<br />
of a chemical company is reliant on the HSE<br />
management systems and infrastructure of<br />
storage tank terminals. It is essential therefore,<br />
that the chemical companies worldwide<br />
are ensured HSE&S commitment from their<br />
contracted tanks farms and terminals. As a<br />
result, this creates a pressing need to engage<br />
independent third party inspection in order<br />
to meet the mandatory company minimum<br />
safety requirement. The terminal inspection<br />
report of CDI is essentially a quality<br />
assessment of the terminal, its operations<br />
and personnel, which also incorporates<br />
essential aspects of safety and environmental<br />
protection.<br />
From the left: Liu Xiaocheng (HSE Manager), Yuan Ying (Quality<br />
Manager), Guo Hao (HR Manager), Lin Jianpeng (GM), Wang<br />
Hongying (CSD Supervisor), Tan Changgong (Maintenance<br />
Manager) and Liu Wei (Operational Supervisor)<br />
OTJ is the third <strong>Odfjell</strong> terminal to have<br />
passed the CDI-T audit. The other terminals<br />
are <strong>Odfjell</strong> Terminals (Rotterdam) and <strong>Odfjell</strong><br />
Terminals (Korea).<br />
We congratulate Lin Jianpeng and his team<br />
for achieving this milestone.<br />
<strong>Odfjell</strong> Terminals (Jiangyin)<br />
• A modern terminal for liquid petrochemicals;<br />
operational since 2007.<br />
• Situated about 150 km west of<br />
Shanghai on the south bank of the<br />
Yangtze river.<br />
• 60 employees.<br />
• Total capacity of 99,800 cbm.<br />
• 22 tanks from 2,000 to 7,800 cbm.<br />
• 7 stainless steel tanks from 2,000 to<br />
6,000 cbm (total 30,000 cbm).<br />
• Custom bonded storage tanks<br />
available.<br />
• 6 berths for sea-going vessels up to<br />
50,000 dwt; max. draft 45.9 ft<br />
alongside.<br />
• Additional berths for barges.<br />
• 12 truck stations.<br />
• ISO 9001, ISO 14001 and<br />
OHSAS 18001 certified.<br />
• Land available for expansion.<br />
odfjell quarterly magazine
iefings<br />
ODFJELL QUARTERLY magazine<br />
Dan <strong>Odfjell</strong>’s visit to <strong>Odfjell</strong><br />
Terminals Charleston (OTC)<br />
By: Jerry Shreter<br />
18<br />
In early October, Bernt Daniel <strong>Odfjell</strong> (“Dan”),<br />
board member and former chairman of <strong>Odfjell</strong>,<br />
made a visit to Charleston, South Carolina, USA,<br />
the site of the Company’s new 150,000 cbm<br />
terminal for bulk liquid chemicals, vegetable<br />
oil and petroleum products. Together with OTC<br />
project members, Bert Noggle, Glenn Aycock<br />
and me, Dan reviewed the project, walking the<br />
site and viewing the future dock location on the<br />
Cooper River, the extensive rail and truck areas,<br />
and the future tank arrangement. We discussed<br />
the terminal’s sophisticated environmental<br />
control systems including pressurized and<br />
internal floating roof tanks, as well as vapor<br />
balancing, and nitrogen compensation system.<br />
Dan met with Steve Dykes, Director of<br />
Charleston County Economic Development<br />
Organization, who has worked to coordinate<br />
the project together with the local, city, county,<br />
and state organisations. During the meeting,<br />
Dan explained his continuing interest in the<br />
terminal side of the <strong>Odfjell</strong> organisation. Having<br />
pioneered the building of specialized and stainless<br />
steel chemical tankers in the 60’s, he led the<br />
chemical industry on a similar path by building<br />
terminals which were especially engineered for<br />
chemicals with respect to safety, quality and<br />
efficiency and met the needs of the international<br />
and local chemical industry. Dan commissioned<br />
the first chemical terminals in South America.<br />
Later chemical terminals were added in North<br />
America, Asia, Middle East and Europe.<br />
Dan discussed that the OTC terminal follows in<br />
the path of the earlier terminals in serving the<br />
developing needs of <strong>Odfjell</strong>’s customers. It serves<br />
the US South East customers, is served by two<br />
railroad companies, requires less than one hour<br />
sailing from the open waters to the protected<br />
terminal dock, and has 12.2 meter draft depth.<br />
We also met Whit Smith, the president of the<br />
Port of Charleston Pilot Association and John<br />
Cameron, the former Captain of the Port for<br />
Charleston. They hosted us on a boat tour following<br />
the ship route from mouth of the Cooper River<br />
to the terminal dock. Dan reviewed the water<br />
side of the terminal, including the approach and<br />
turning areas, and he favorably commented on<br />
the relative advantages that the Charleston port<br />
has over the other ports in the area.<br />
All of us appreciated the time that we spent<br />
with Dan <strong>Odfjell</strong>, learning from his insights<br />
and also enjoying the historical and hospitable<br />
atmosphere of Charleston.<br />
<br />
From left Glenn, Dan and Bert<br />
<strong>Odfjell</strong> Terminals (Charleston)<br />
• Operational late 2012/early 2013.<br />
• Total capacity up to 150,000 cbm<br />
(1,000,000 bbls).<br />
• Up to 45 tanks ranging in size from 600<br />
to 15,900 cbm (4,000 to 100,000 bbls).<br />
• Easy access for sea-going ships, barges,<br />
rail tank cars and road tank trucks.<br />
• One deep-sea berth for tankers and barges<br />
up to 650 feet LOA and 40 feet draft.<br />
• Tanks meet API-650 and API-620 standards<br />
for maximum environmental protection<br />
and efficiency.<br />
• Product heating, cooling, circulation,<br />
insulation available.<br />
• Nitrogen and other utilities available.<br />
• Approved dockside disposal of ship waste,<br />
including MARPOL waste and engine<br />
slops.<br />
• Responsible Care® 14001 and ISO 9001<br />
certification in progress.<br />
<strong>Odfjell</strong> Tankers’ Safety<br />
& Quality Conference:<br />
– Sharing HSE experience<br />
By Gunnar Moen<br />
The yearly <strong>Odfjell</strong> Tankers’ Safety & Quality<br />
Conference took place in October in Jebel<br />
Ali. The main agenda for the conference was<br />
HSE experience sharing between <strong>Odfjell</strong> and<br />
our long term partners, in order to enhance<br />
safety within our industry.<br />
The first day focused on safety, operational and<br />
technical issues. Managers from various parts<br />
of our organisation presented their focus areas,<br />
inviting participants to put forward questions<br />
for discussion. The session was well received by<br />
everybody, and our visitors agreed that many of<br />
the issues that had been raised would warrant<br />
<br />
further discussions back at their respective<br />
headquarters.<br />
Piracy<br />
The second day was dedicated to piracy, where<br />
external speakers with experience related to the<br />
piracy situation in the Gulf of Aden and Indian<br />
Ocean were invited to make presentations.<br />
There were speakers from Bancroft Maritime<br />
Security Solutions, UKMTO, MARLO and NCIS,<br />
all representing various functions in the growing<br />
efforts to protect the merchant fleet trading in<br />
the area. All representatives were hands-on<br />
professionals. It was an excellent opportunity to<br />
Coffee break at the conference<br />
ask questions and gain a better understanding<br />
of the difficult situation our seafarers and the<br />
maritime industry face. It was easy to see that<br />
a great effort has been made in this area, but<br />
there is still a long way to go before we have<br />
the resources and back up to be in a position<br />
by witch we can put an end to this threat to<br />
ocean transport.<br />
I take this opportunity to thank the <strong>Odfjell</strong> Dubai<br />
office; in particular Erik Nilsen, Captain Tore<br />
Svensen and Noemi Larsen for their assistance<br />
and help in all the arrangements – well done!
iefings<br />
ODFJELL QUARTERLY magazine<br />
Ole Magnus has spent his first year on board Bow Spring<br />
Experiencing the Seven Seas<br />
By Margrethe Gudbrandsen<br />
NR.04/ 11<br />
19<br />
– Over the last year, I have gained new<br />
knowledge about working on board a<br />
chemical tanker and I have visited parts<br />
of the world that I have never been before,<br />
says Ole Magnus Aasheim. He has just<br />
completed his first year of training at sea<br />
with Bow Spring. <strong>Quarterly</strong> is following him<br />
in his steps as he embarks on his career<br />
at sea.<br />
The last time we spoke to Ole Magnus was<br />
prior to his first embarkation on Bow Spring<br />
as a trainee and of course we now wonder<br />
what the first year has been like.<br />
–This year I have learnt so much, and at the<br />
same time I have been able to see the world<br />
and meet and get to know new people. To<br />
put it mildly, I have had an enjoyable time!<br />
says Ole Magnus. And he continues: – Even<br />
though the work is demanding, I enjoy it!<br />
Learning by doing<br />
Life as a trainee is diverse and challenging.<br />
During the trainee period they will work on<br />
different assignments on various topics. – I<br />
have just submitted my third assignment.<br />
This time it was about maintenance and<br />
included both a practical and a theoretical<br />
element. I learn something new every day<br />
both at sea and when being ashore. I have<br />
been learning about loading and unloading<br />
cargo and navigation on the bridge. I have<br />
been chipping rust, painting and have learned<br />
about tank cleaning. Being a trainee at <strong>Odfjell</strong><br />
is a unique possibility for me and I am doing<br />
my best to get the most out of the experience,<br />
he explains.<br />
Life on board<br />
Life on board is quite different to life at<br />
home. – Even though I have my own cabin<br />
and the vessel is big, life on board is intimate.<br />
When you live and work together with your<br />
colleagues over long periods, you get to know<br />
them quite well, Ole Magnus describes. Bow<br />
Spring has a crew of 30 people, the officers<br />
are mainly Norwegians, but one is English<br />
and two are from the Philippines. The rest<br />
of the crew are Filipinos.<br />
One of the absolute advantages of being a<br />
sailor is the chance to see the world.<br />
– I was particularly interested in having my<br />
trainee period on board one of <strong>Odfjell</strong>’s vessels.<br />
Being a large shipping company with<br />
international sailing patterns, it gave me the<br />
opportunity to travel around the world and<br />
get to know places and people that I would<br />
never get to otherwise. When in harbour, I<br />
use the time to get to know the place and<br />
the culture. Learning about the country and<br />
the culture is in fact something that <strong>Odfjell</strong><br />
encourages us to do, Ole Magnus states.<br />
Back to school<br />
In six months time, Ole Magnus has to go<br />
back to school for another two years before<br />
he can return to sea as a cadet. – I want to get<br />
<br />
Bow Spring<br />
the most out of the time that I have left of this<br />
period at sea. I have gained a good insight on<br />
how the chemical tankers trade works, at sea.<br />
The crew is very friendly and is more than<br />
willing to teach and share their knowledge<br />
with me, so I am very satisfied with my period<br />
at Bow Spring, he says.<br />
Next time<br />
<strong>Quarterly</strong> is eager to meet Ole Magnus again<br />
and learn about his development and his<br />
career at sea. We hope that next time we meet<br />
it will be when he embarks on a <strong>Odfjell</strong> ship as<br />
a cadet. – My ambition is to go all the way to<br />
the top, aiming to be captain. It will take some<br />
time, but I believe it is feasable. A maritime<br />
career is a good career, Ole Magnus ends.<br />
odfjell quarterly magazine
Briefings<br />
ODFJELL QUARTERLY magazine<br />
20<br />
New Mobility Task Group<br />
By Matt Duke<br />
The world of mobile technology is rapidly<br />
expanding, and <strong>Odfjell</strong> ICT sees a<br />
huge interest in mobile devices such as<br />
iPad’s whilst also the expectation that<br />
consumer devices will also be automatically<br />
able to connect to secure business<br />
information and applications. The so<br />
called “Consumerisation of IT” poses both<br />
opportunities and risks to our business<br />
and customers.<br />
In order for <strong>Odfjell</strong> to be an attractive and<br />
competitive enterprise, we must ensure that<br />
our employees and customers have access to<br />
the data and tools they need, even when the<br />
desire to access this data comes from a mobile<br />
device outside of the traditional laptop or<br />
desktop PC that we have been familiar with<br />
and standardized over the past 15 years. Often<br />
IT challenges the business to implement<br />
change. In this case the challenge is reversed,<br />
and ICT must embrace the change that these<br />
trends in mobile technology present.<br />
In order to rise to this challenge, the ICT<br />
Steering Committee approved the formation<br />
of a “Mobility Task Group”. The team consists<br />
of over 20 members of staff from many parts<br />
and locations of the business and the goal of<br />
this initiative is twofold:<br />
1. The business, in cooperation with ICT, will<br />
help identify key processes and applications<br />
where a “Mobile application” on telephone or<br />
tablet computer would have a direct, positive<br />
impact on company profitability, agility,<br />
employee flexibility and efficiency.<br />
2. ICT will identify the best technical platform<br />
that allows <strong>Odfjell</strong> to manage and secure a<br />
wide variety of mobile devices, allowing<br />
secure access to our data, without the need for<br />
a draconian hardware standard. Our mobile<br />
task force will be issued iPad devices to help<br />
in this testing and platform choice.<br />
Gunvor Senosiain leads this project and the<br />
findings and recommendations of her team<br />
will be used for input into a list of processes<br />
and tools which <strong>Odfjell</strong> would benefit from<br />
mobilization. This list can then be used<br />
for investment prioritization by our senior<br />
management in the ICT Steering Committee.<br />
We are aware of the interest in this area of<br />
technology and are very keen to hear from<br />
any members of the business who have ideas<br />
or suggestions on how <strong>Odfjell</strong> can leverage<br />
this new trend in IT to our advantage. We will<br />
report on our findings in a future edition of<br />
<strong>Odfjell</strong> <strong>Quarterly</strong>.<br />
www.odfjell.com
The <strong>Odfjell</strong> and<br />
Lindsay Goldberg<br />
Joint Venture<br />
By Martijn Barnas<br />
Following the recent conclusion of the joint venture with Lindsay Goldberg,<br />
we take this opportunity to explain the structure of the joint venture (“JV”).<br />
Following the recent conclusion of the<br />
joint venture with Lindsay Goldberg,<br />
we take this opportunity to explain the<br />
structure of the joint venture (“JV”),<br />
The JV was formed to further strengthen<br />
and expand our terminal business in<br />
both North America and Europe, hence<br />
the Houston, Charleston and Rotterdam<br />
terminal facilities are now part of the<br />
JV. We have retained the management<br />
responsibility to operate the daily business<br />
and affairs of these facilities.<br />
We have retained a 51% share in the<br />
economic and legal ownership of the JV.<br />
In recognition of the long term partnership<br />
with Lindsay Goldberg, the JV has<br />
three corporate levels through which<br />
its business and affairs are run: the<br />
Management Board, the Supervisory<br />
Board and the General Meeting.<br />
Management Board<br />
The management of the joint venture<br />
company is carried out by the<br />
Management Board of <strong>Odfjell</strong> Terminals<br />
General Partner B.V. (“OTGP”) consisting<br />
of two members; Mr. Dave Ellis<br />
and Mr. Geert Eijsink, who heads the<br />
North American and European activities<br />
respectively. The members of the<br />
Management Board are appointed by<br />
the General Meeting of OTGP, upon a<br />
binding nomination consisting of two<br />
persons by <strong>Odfjell</strong>.<br />
The Management Board is entrusted<br />
with the management of the JV and is<br />
responsible for the day-to-day business<br />
including commercial, operational<br />
and technical matters as well as the<br />
management and administration<br />
of OTGP. The Management Board is<br />
subject to supervision and control by<br />
the Supervisory Board.<br />
Supervisory Board<br />
OTGP has a Supervisory Board, consisting<br />
of six members, three from <strong>Odfjell</strong><br />
(Mr. Laurence <strong>Odfjell</strong>, Mr. Atle Knutsen<br />
and Mr. Terje Iversen) and three from<br />
Lindsay Goldberg (Mr. Lance Hirt,<br />
Mr. Michael Dees and Mr. Egil Bodd).<br />
Laurence <strong>Odfjell</strong> serves as the Chairman<br />
of the Supervisory Board.<br />
The members of the Supervisory Board<br />
are appointed by the General Meeting<br />
for a period of two years.<br />
The duty of the Supervisory Board is not<br />
only to supervise the Management Board<br />
but also the general course of affairs in<br />
the JV and the business connected with<br />
it. It assists the Management Board with<br />
advice and in performing their duties.<br />
The Supervisory Board members shall<br />
act in accordance with the interests of<br />
the JV and of the business connected<br />
thereto. Major decisions affecting the<br />
business of the JV companies require the<br />
unanimous consent of the Supervisory<br />
Board.<br />
General Meeting<br />
The General Meeting of OTGP is the<br />
highest corporate body within the JV.<br />
The General Meeting shall amongst<br />
other things, be responsible for the<br />
adoption of the annual accounts, inclusive<br />
the distribution of the JV profits.<br />
Michael Dees<br />
Egil Bodd<br />
Terje Iversen<br />
Lance Hirt<br />
Laurence <strong>Odfjell</strong><br />
Atle Knutsen<br />
NR.04/ 11<br />
21<br />
odfjell quarterly magazine
Briefings<br />
ODFJELL QUARTERLY magazine<br />
Sustainable<br />
social innovation<br />
By Myrna van der Poel<br />
22<br />
On 1 January 2012 <strong>Odfjell</strong> Terminals<br />
Rotterdam’s 24/7 five-shift system will<br />
change. The changes will initially be on a<br />
trial basis and will mean working in shorter<br />
cycles with a forward rotation.<br />
The initiative to investigate a possible new<br />
shift system was taken by colleagues working<br />
in the Operations Department. These are the<br />
people that actually work in the ‘round the clock’<br />
scheme. Working together with the employees<br />
to find business improvements has been a<br />
great example of social innovation. OTR’s<br />
Management welcomed the idea and a Task<br />
Force was formed shortly after.<br />
Task Force<br />
When discussing issues such as changing the<br />
working hours or shift schedules, it was essential<br />
that The Task Force also involved OTR’s Works<br />
Council and got their approval. The Task Force,<br />
is being led by the enthusiastic Arian Jiskoot,<br />
Stock Administrator Shift D. He initiated and<br />
developed the plan, communicated the ideas<br />
with the other workers on different shifts, liaised<br />
with the Works Council, examined various<br />
alternatives and found solutions, etc. Arian has<br />
almost completed a study in Social Innovation<br />
so it was hardly surprisingly perhaps that he<br />
was the one who came up with this project.<br />
When their ideas became more defined, the<br />
Task Force asked the Works Council for a written<br />
survey. This survey was needed to give an<br />
insight into the preferences of the 160 colleagues<br />
(approximately) that work in the 24/7 system.<br />
Democratic process<br />
Peter van Kessel, the Chairman of OTR’s Works<br />
Council, who has been heavily involved in the<br />
Task Force process, explains: – We held two polls.<br />
The first to determine the type of shift schedule.<br />
Once the type schedule was defined, we held a<br />
second poll to determine which of the two possible<br />
varieties within this particular type would<br />
be chosen. A very democratic process. We are<br />
very happy to see that the voice of the majority<br />
really matters. Such democratic processes also<br />
create a lot of support amongst the people.<br />
Better for biorhythms<br />
The new system is about working in shorter<br />
cycles with a forward rotation. Although working<br />
in continuous shift systems can be tough,<br />
medical research has proved that a system of<br />
shorter cycles with a forward rotation is the<br />
best for people’s biorhythms. Working the<br />
longer shifts can be compared with a constant<br />
feeling of ‘jet-lag’: your body gets used to one<br />
particular shift pattern and then you are forced<br />
to adjust to another schedule after a period of<br />
time. When working shorter shifts, you won’t<br />
have this effect: before your body gets used to<br />
a particular shift, you have already changed the<br />
pattern and started to work different hours. In<br />
practice, one works 2 day shifts, then 2 evening<br />
shifts, followed by 1 night shift. The next period<br />
is 1 day, 2 evenings, 2 nights, and so on, versus<br />
4-3-4 as per today’s situation. On paper, it<br />
appears to show a true benefit for the health<br />
of our colleagues.<br />
Forward rotation:<br />
day shift - evening shift - night shift<br />
Backward rotation:<br />
night shift - evening shift - day shift<br />
Union support<br />
Not only are the OTR employees happy with this<br />
initiative, we also got positive feedback from<br />
the Trade Unions. Albert van Damme of the<br />
Christian National Union commented: – We very<br />
much support the participation of employees<br />
when it comes to decisions about their own<br />
working environment and conditions. This is a<br />
classic example of social innovation, beneficial<br />
to all people involved.<br />
Although the benefits of the new schedule<br />
look convincing and sustainable, we are still in<br />
discussions and talking initially about a ‘trial<br />
change’. The trial will last for at least one year<br />
and in accordance with the theory of the Plan-<br />
Do-Check- Act-circle, we will evaluate the new<br />
schedule in September 2012.<br />
Although working in continuous shift systems can be<br />
tough, medical research has proved that a system of<br />
shorter cycles with a forward rotation is the best for<br />
people’s biorhythms<br />
www.odfjell.com
QHSE<br />
ODFJELL QUARTERLY magazine<br />
Making sustainable changes using Root Cause Analysis:<br />
–‘Smart’ problem solving<br />
By Bjørn Ydse<br />
Root Cause Analysis (RCA) is a process for<br />
identifying the ‘basic’ or ‘causal’ factors<br />
that underlies variations of outcome. RCA<br />
typically allows you to identify the “root”<br />
of the problem by questioning ‘how’, ‘why’<br />
and ‘where’ a problem, adverse event, or<br />
trend exists. This analysis should focus on a<br />
process that has the potential for redesign<br />
in order to reduce risk.<br />
Apollo Root<br />
Cause session<br />
for facilitators<br />
in Bergen<br />
RCA is also a way of looking at unexpected<br />
events and outcome to determine all of<br />
the underlying causes and identify recommended<br />
changes that are likely to improve<br />
them. Through RCA, you can make decisions<br />
and look for sustainable solutions based<br />
on data and facts. RCA focuses primarily<br />
on systems and processes, not individual<br />
performance.<br />
NR.04/ 11<br />
23<br />
Apollo in <strong>Odfjell</strong><br />
– a method for Root Cause Analysis<br />
Apollo RCA is a problem-solving method that<br />
is scalable depending on the significance of<br />
the problem and the ability of the RCA team<br />
to find not only the symptoms but also the<br />
causes. The method helps to “drill down” to<br />
the real causes and implement actions for<br />
the solutions. Apollo has been chosen as a<br />
company tool, and training of facilitators and<br />
managers has been carried out over the last<br />
half year at several locations worldwide. Some<br />
units have already used the method to find<br />
the real causes that have lead to incidents and<br />
more importantly have managed to identify<br />
preventive actions to avoid repetition.<br />
Where and when to use the method?<br />
All business units in <strong>Odfjell</strong> can use the<br />
method. Recent analyses and examples are<br />
from the ICT department in Bergen and an<br />
incident at the terminal in Rotterdam (OTR).<br />
Other typical examples can be related to:<br />
• recordable injuries<br />
• reportable releases /<br />
chemical spill to the environment<br />
• revenue - loss of profit<br />
• cost of non-quality for instance by<br />
re-work, off-hire, damaged product,<br />
lost customer<br />
• customer complaints<br />
• frequent incidents and ‘near misses’<br />
Return on investment<br />
Despite the impressive results that these types<br />
of analyses so often deliver, many companies<br />
fail to see the true potential of investing in<br />
RCA. The main reason for this is the perception<br />
that it’s too difficult, or even impossible<br />
to obtain the data needed. In addition, executives<br />
who are not close to the RCA process are<br />
likely to only see the expenses required such<br />
as employee training. Nevertheless, experiences<br />
from many companies worldwide show<br />
that it is fairly easy to see how RCA is able to<br />
help reduce cost. It is less obvious perhaps<br />
how RCA is able to generate revenue and<br />
profit margins. However, you only have to<br />
look at the fact that in most companies, the<br />
cost of non-quality is between 1.5 and 2.5%<br />
of the revenue. Therefore it should not be<br />
difficult to find reasons for investing and<br />
implementing in RCA methods to improve<br />
the costs of non-quality figures.<br />
odfjell quarterly magazine
sea and shore<br />
ODFJELL QUARTERLY magazine<br />
Education through play and learning<br />
By Susanne Andersen<br />
In September this year, at the science<br />
mediation event in Bergen, our handsome<br />
‘<strong>Odfjell</strong> crew’ created a stir amongst the<br />
spectators at the maritime stand.<br />
During Science week 23 and 24 September,<br />
and based on this year’s theme “Chemistry”,<br />
children and young people were able to get<br />
an exciting glimpse of our world-leading<br />
maritime cluster and chemical tankers capital<br />
in Bergen.<br />
In cooperation with the Maritime Forum and<br />
Bergen Shipowners’ Association, we showed<br />
the complexity of loading a chemical tanker.<br />
We made people aware that although it is not<br />
It was a good visual problem-solving exercise that highlighted the importance of knowledge and safety when working with<br />
transportation of chemicals as it clearly showed that some chemicals could not be sorted next to each other because they<br />
may react.<br />
24<br />
Using the <strong>Odfjell</strong> crew wall, visitors were able to see how<br />
they would look as an <strong>Odfjell</strong> captain or a crew member.<br />
something most people think about, most<br />
of our daily products and goods are linked<br />
to chemicals in some way. We created a task<br />
using an example tanker, where adults and<br />
children had to determine how to load nine<br />
different chemicals into one tanker without<br />
the chemicals reacting to each other.<br />
Participants were impressed when they<br />
learned how <strong>Odfjell</strong>, a world-leading shipping<br />
company, can safely and securely carry up to<br />
50 different chemicals at a time, due to their<br />
expertise and development in this field and<br />
their highly technical ships.<br />
More than one hundred people visited the<br />
maritime stand and through a combination<br />
of play and learning they were able to see just<br />
why Norway has become world champions<br />
at sea!<br />
<strong>Odfjell</strong> Makana takes on South African cadets<br />
By Thomas Nagelsen<br />
It was with great excitement we signed our first two South<br />
African cadets on board the Bow Victor in Durban on 11<br />
September. Sisanda and Mbaba studied at the University of<br />
Cape Town and will now gain a ‘practical education’ on board.<br />
This is the first time we have recruited South African cadets into<br />
our fleet. Over the next couple of years Sisanda and Mbaba will<br />
obtain the seagoing experience required to get their certification<br />
as deck officers. Hopefully this is just the start of a project that will<br />
be beneficial both to <strong>Odfjell</strong> Makana as well as help create jobs<br />
and develop skills in South Africa.<br />
It was encouraging to see the enthusiasm Sisanda and Mbaba<br />
showed upon boarding, where they were welcomed by Captain<br />
Ebeltoft and his crew.<br />
We wish our new cadets the best of luck with their training and<br />
their career at sea. We would also like to thank the South African<br />
Maritime Training Agency for their help and assistance.<br />
Sisanda, Captain Ebeltoft, Mbaba and Thomas Nagelsen on board Bow Victor<br />
www.odfjell.com
SEA AND SHORE<br />
ODFJELL QUARTERLY magazine<br />
A gardening story<br />
By OTJ employees<br />
Our office building at <strong>Odfjell</strong> Terminals<br />
(Jiangyin) (OTJ) is surrounded by a lovely<br />
garden that used to be managed by a<br />
gardening company. One day the General<br />
Manager came up with the brilliant idea;<br />
– why not do it ourselves? This could be<br />
really positive for the employees as many<br />
of us live in apartments and don’t have<br />
the possibility of working in a garden.<br />
Given that gardening work is supposed<br />
to be relaxing for the body and good for<br />
a peaceful mind, it could be beneficial in<br />
many ways.<br />
Idea and practice<br />
The idea was to establish our own gardening<br />
group that could take the responsibility of<br />
upgrading and maintaining the company<br />
garden to maintain its current beauty. This<br />
would give many of us the pleasure of doing<br />
gardening work when time allowed. The<br />
gardening group started up in August and<br />
everyone was very excited. The lawn was<br />
overgrown by grass and weeds, but after the<br />
gardening session, all the weeds were gone<br />
and the lawn was clean and tidy. During the<br />
gardening session, everybody had a good<br />
time; talking, laughing and helping each<br />
<br />
other, everybody seemed to enjoy participating<br />
in this project.<br />
The gardening story will continue<br />
The garden will continue bringing OTJ<br />
happiness, which also helps to make<br />
employees’ dreams of having a big beautiful<br />
garden themselves, come true. It’s a ‘win-win’<br />
The happy gardeners at OTJ<br />
situation! The garden will continue to teach<br />
us important lessons which will also help<br />
strengthen team work and make us proud<br />
of our company and the appearance of our<br />
workplace. When the spring comes, we will<br />
plant our favourite flowers on the lawn, and<br />
when you come to OTJ again, you will hopefully<br />
find it is even more beautiful than last time.<br />
NR.04/ 11<br />
25<br />
“GO MARINO GO!”<br />
By Jennifer M. Franco<br />
<strong>Odfjell</strong> in the Philippines (OiP), along with<br />
other reputable organisations and industry<br />
stakeholders, joined the 5th Seafarers’ Fun<br />
Run on 1 October. The event was organised<br />
by the Filipino Association for Mariners’<br />
Employment, Inc. (FAME) and it embraced<br />
the theme “GO MARINO GO! —HEALTHY<br />
BODY, HEALTHY MIND”.<br />
The event attracted runners and participants<br />
from all across Manila. OiP was represented by<br />
16 shore staff and six cadets who participated<br />
in the 5 km and 10 km races. According to the<br />
OiP runners, the event was a good way to get<br />
everybody active and get to know members<br />
of the sailing community in the Philippines.<br />
– For us, victory is not only found at the finish<br />
line. The experience in itself is our prize for<br />
joining, says Julie Ann Baracael, one of the<br />
runners from OiP.<br />
OiP was represented by 16 shore staff and six cadets who participated in the 5 km and 10 km races<br />
odfjell quarterly magazine
Sea and shore<br />
ODFJELL QUARTERLY magazine<br />
Ship model presented to PotashCorp<br />
By Knut Holsen<br />
On 22 September a ship model was<br />
presented by <strong>Odfjell</strong> Tankers AS to<br />
PotashCorp/PhosChem to commemorate<br />
the long relationship between our two<br />
companies.<br />
The vessel is a model of the type of vessels that<br />
carry our Aurora merchant grade phosphoric<br />
acid from Morehead City (US) to India. The<br />
acid is used by our Indian customers to<br />
produce fertilizers for Indian farmers. This<br />
year we expect to ship over 500,000 metric<br />
tonnes of phosphoric acid to India.<br />
26<br />
The vessel will be housed for display in the<br />
executive area of the Northbrook office.<br />
From left: Jay Lubell (OMS), Chris Reynolds (PhosChem), Jakob Sørhus (<strong>Odfjell</strong>), Stephen Dowdle<br />
(PhosChem), Knut Holsen (<strong>Odfjell</strong>) and David Delaney (PhosChem)<br />
Norwegian Shipowners’ Association visit<br />
– ‘on shore and on board’<br />
By Jakob Sørhus<br />
<strong>Odfjell</strong> Houston had great pleasure in welcoming Mr. Sturla<br />
Henriksen, Director General and Ms. Charlotte Demeer Strøm,<br />
Head of Section from the Norwegian Shipowners’ Association,<br />
Oslo, to Houston in October.<br />
The guests visited Houston in<br />
conjunction with a Shipping<br />
Conference arranged by the<br />
Norwegian Consulate General<br />
and Norwegian American<br />
Chamber of Commerce, and we<br />
were proud to show their distinguished<br />
guests what Norwegian<br />
shipping companies represent<br />
abroad.<br />
Captain Runar Reinholdtsen<br />
and his crew greeted them on<br />
board “Bow Spring” and hosted<br />
a lunch. “Bow Spring” has seven<br />
Norwegian officers and three<br />
Norwegian cadets on board, a<br />
perfect “Flag Ship” to show off<br />
Norwegian shipping at its absolute<br />
best. Time ran short and as<br />
last hose got disconnected, we<br />
were ushered ashore, where<br />
we proudly showed off <strong>Odfjell</strong><br />
Terminals Houston, which further<br />
manifested what Norwegian<br />
shipping interests can create<br />
ashore and outside our country.<br />
We thank all our guests for taking<br />
time to visit us.<br />
From left: Charlotte Demeer Strøm, Runar Reinholdtsen, Sturla Henriksen and<br />
Jakob Sørhus on board Bow Spring<br />
www.odfjell.com
personnel<br />
ODFJELL QUARTERLY magazine<br />
25 years in service, Bergen<br />
On the evening of 26 October <strong>2011</strong><br />
a celebration dinner took place at<br />
Neptun Hotel for employees having<br />
been with <strong>Odfjell</strong> for 25 years at the<br />
Bergen office. We thank them all for<br />
long and faithful service to <strong>Odfjell</strong>.<br />
Back from left: Knut Henrik Holsen,<br />
Jan A. Hammer, Svein Aage Daae and<br />
Frode Midtun<br />
Front from left: Karen Sofie Hegg,<br />
Laurence <strong>Odfjell</strong>(Chairman) and<br />
Wenche Svahn<br />
NR.04/ 11<br />
27<br />
Service awardS Norwegian Officers<br />
During the yearly Officers Conference in<br />
Bergen, <strong>Odfjell</strong> honoured six of their most<br />
loyal Norwegian officers. One officer was<br />
rewarded with the gold watch for 25 years<br />
continuous sailing for <strong>Odfjell</strong>, and five<br />
officers were rewarded with the Norwegian<br />
Shipowners’ Association’s gold medal for 30<br />
years of service. The event took place during<br />
the dinner 22 September at Quality Hotel<br />
Edvard Grieg. The gold watch and gold<br />
medals were handed over by our Chairman<br />
Laurence W. <strong>Odfjell</strong>.<br />
Gold watch 25 years of service in <strong>Odfjell</strong>:<br />
Chief Engineer Åsulf Valmo<br />
Front row from left: Lars Sverre Nygaard, Åsulf Valmo, Johannes Sæther, Helge Aslaksen and Laurence W. <strong>Odfjell</strong><br />
(Chairman). Back row from left: Bjørn Åge Veivåg, Helge Olsen, Meidel Eriksen, Edvin Olav Hopland and Jan A.<br />
Hammer (President/CEO)<br />
Norwegian Shipowners’ Association<br />
Gold medal for 30 years of service:<br />
Captain Johannes Sæther<br />
Captain Helge Aslaksen<br />
Captain Meidel Eriksen<br />
Captain Edvin Olav Hopland<br />
Chief Engineer Lars Sverre Nygård<br />
odfjell quarterly magazine
Personnel<br />
ODFJELL QUARTERLY magazine<br />
NEW HIRES<br />
HOUSTON<br />
Anderson, Bryan<br />
Ship Agent<br />
10.10.11<br />
Bispeck, William B.<br />
Sr. Project Manager<br />
06.09.11<br />
Johnson, Jennifer<br />
Administrative<br />
Assistant<br />
01.08.11<br />
Le Blanc, Belinda<br />
Purchasing Manager<br />
01.09.11<br />
Pinks,<br />
Melbourne John<br />
Terminal Manager<br />
OTC<br />
24.10.11<br />
Rotterdam<br />
28<br />
Dries, René<br />
Planner i.o.<br />
01.10.11<br />
Hoogstad, Jeffrey<br />
D-Operator<br />
01.10.11<br />
Janse, Robert-Jan<br />
Field Engineer<br />
01.11.11<br />
Rozendaal, Sander<br />
Planner<br />
01.11.11<br />
Teekman, Inge<br />
HRM Adviser<br />
01.11.11<br />
Bergen<br />
SHANGHAI<br />
SINGAPORE<br />
Argentina<br />
FLUMAR<br />
Færø Jo-Harald<br />
Claims Handler<br />
01.09.11<br />
Qian, Min-Min<br />
Assistant<br />
01.10.11<br />
Seah, Kok Peng<br />
Regional<br />
QHSE Manager<br />
01.11.11<br />
Esposito, Griselda<br />
Victoria<br />
Receptionist<br />
08.09.11<br />
Alves, Pereira Giliard<br />
Accounting Auxiliary<br />
03.10.11<br />
MANILA<br />
Bola, Stephanie<br />
Crew and Cargo<br />
Database Assistant<br />
12.09.11<br />
Cañete, Roldan<br />
Accounting Assistant<br />
10.10.11<br />
Luma-ang, Jonalyn<br />
Financial Accounting<br />
Analyst<br />
01.09.11<br />
Parungao, Erlan<br />
Purchasing Officer<br />
03.11.11<br />
www.odfjell.com
PERSONELL ODFJELL QUARTERLY magazine<br />
RELOCATIONS<br />
From<br />
Bergen to Houston<br />
From<br />
Bergen to Singapore<br />
From<br />
Rotterdam to Oman<br />
Hammer, Bjørn Henrik<br />
Senior Ship Broker<br />
01.10.11<br />
Larsen, Fredrik<br />
Marine Superintendent<br />
01.10.11<br />
Boerma, Arthur<br />
Operations Manager<br />
01.11.11<br />
NR.04/ 11<br />
29<br />
In Service for <strong>Odfjell</strong><br />
25<br />
years<br />
<strong>Odfjell</strong> Terminal (Rotterdam)<br />
Verkamman, Hendrik Jan<br />
C-Operator<br />
01.10.86<br />
Samuel, Harry Belafonte<br />
C-Operator<br />
24.11.86<br />
<strong>Odfjell</strong> Bergen<br />
Holsen, Knut Henrik<br />
VP Chartering Middle East, India & Africa<br />
01.11.86<br />
30<br />
years<br />
<strong>Odfjell</strong> Netherlands BV<br />
Hobbel, Johannis Adrianus<br />
Senior Port Operator<br />
01.10.81<br />
odfjell quarterly magazine
FLEET & TERMINALS<br />
ODFJELL QUARTERLY magazine<br />
as per 7 <strong>December</strong> <strong>2011</strong><br />
30<br />
OWNED YEAR STAINLESS NUMBER<br />
SHIPS BUILT DWT CBM STEEL, CBM OF TANKS<br />
Bow Lind <strong>2011</strong> 46 047 48 703 - 29<br />
Bow Elm <strong>2011</strong> 46 098 48 703 - 29<br />
Flumar Brasil 2010 51 188 55 452 - 14<br />
Bow Saga¹ 2007 40 085 52 126 52 126 40<br />
Bow Sirius¹ 2006 40 048 52 155 52 155 40<br />
Bow Sea 2006 40 048 52 107 52 107 40<br />
Bow Summer 2005 40 036 52 128 52 128 40<br />
Bow Spring ¹ 2004 39 942 52 127 52 127 40<br />
Bow Star 2004 39 832 52 127 52 127 40<br />
Bow Sun 2003 39 842 52 127 52 127 40<br />
Bow Firda 2003 37 427 40 645 40 645 47<br />
Bow Chain 2002 37 518 40 621 40 621 47<br />
Bow Fortune 1999 37 395 40 619 40 619 47<br />
Bow Master 1999 6 046 7 018 7 018 14<br />
Bow Mate 1999 6 001 7 004 7 004 14<br />
Bow Pilot 1999 6 008 7 005 7 005 14<br />
Bow Sailor 1999 6 008 7 011 7 011 14<br />
Bow Cecil 1998 37 369 40 515 33 236 47<br />
Bow Flora 1998 37 369 40 515 33 236 47<br />
Bow Balearia 1998 5 846 6 075 6 075 20<br />
Bow Oceanic 1997 17 460 19 616 19 616 24<br />
Bow Bracaria 1997 5 846 6 071 6 071 20<br />
Bow Brasilia 1997 5 800 6 067 6 067 20<br />
Bow Cardinal 1997 37 446 41 487 34 208 52<br />
Bow Faith 1997 37 479 41 487 34 208 52<br />
Bow Aratu 1997 13 843 15 834 15 834 29<br />
Bow Querida 1996 10 106 11 181 11 181 18<br />
Bow Cedar 1996 37 455 41 488 41 488 52<br />
Bow Atlantic 1995 17 460 19 588 19 588 24<br />
Bow Fagus 1995 37 375 41 608 34 329 52<br />
Bow Clipper 1995 37 221 41 596 34 328 52<br />
Bow Flower 1994 37 221 41 492 34 213 52<br />
Bow Eagle 1988 24 728 32 347 19 662 25<br />
Bow Cheetah 1988 40 257 43 772 - 29<br />
Bow Leopard 1988 39 512 43 772 - 29<br />
Bow Lion 1988 39 423 43 726 - 29<br />
Bow Peace 1987 45 655 52 179 2 167 23<br />
Bow Pride 1987 45 655 52 179 2 167 23<br />
Bow Prosper 1987 45 655 52 179 2 167 23<br />
Bow Fertility 1987 45 507 52 182 2 167 23<br />
Bow Fraternity 1987 45 507 52 180 2 167 23<br />
Bow Victor 1986 33 000 34 500 21 975 31<br />
Araucaria 1984 10 259 10 159 6 500 18<br />
Bow Pacifico (50%) 1982 18 657 22 929 10 849 31<br />
Bow Viking 1981 33 644 40 967 21 745 36<br />
ON YEAR STAINLESS NUMBER<br />
TIME CHARTER BUILT DWT CBM STEEL, CBM OF TANKS<br />
SG Pegasus <strong>2011</strong> 13 086 14 523 14 523 16<br />
NCC Danah³ <strong>2011</strong> 45 578 53 495 - 22<br />
NCC Nasma³ <strong>2011</strong> 45 550 53 664 - 22<br />
NCC Safa³ <strong>2011</strong> 45 544 53 664 - 22<br />
NCC Amal³ <strong>2011</strong> 45 544 53 664 - 22<br />
NCC Huda³ <strong>2011</strong> 45 459 53 664 - 22<br />
NCC Noor³ <strong>2011</strong> 45 565 53 664 - 22<br />
Stream Luna 2010 19 998 22 161 22 161 20<br />
Bow Tone 2009 33 625 37 974 37 974 16<br />
Bow Hector 2009 33 694 37 384 37 384 16<br />
Southern Jaguar 2009 19 997 22 157 22 157 20<br />
Stream Mia 2008 19 702 22 094 22 094 26<br />
Bow Sagami 2008 33 641 38 000 38 000 16<br />
Bow Harmony 2008 33 619 38 052 38 052 16<br />
Bow Cape 2008 19 975 22 158 22 158 20<br />
Bow Kiso 2008 33 641 37 974 37 974 16<br />
Bow Heron 2008 33 707 37 365 37 365 16<br />
NCC Haiel³ 2008 45 953 54 401 - 22<br />
NCC Dammam³ 2008 45 965 54 401 - 22<br />
NCC Sudair³ 2007 45 853 54 401 - 22<br />
Bow Lima 2007 19 971 22 157 22 157 20<br />
Bow Fuji 2006 19 805 22 140 22 140 22<br />
Bow Plata 2006 19 807 22 143 22 143 22<br />
Bow Engineer 2006 30 086 36 274 36 274 28<br />
Crystal Topaz³ 2006 11 340 12 122 12 122 20<br />
Crystal Diamond³ 2006 11 340 12 134 12 134 20<br />
Bow Sky² 2005 40 005 52 126 52 126 40<br />
Bow Architect 2005 30 058 36 290 36 290 28<br />
Bow Rio 2005 19 999 21 851 21 851 22<br />
Bow Europe 2005 19 727 22 013 22 013 36<br />
Bow Santos² 2004 19 997 21 846 21 846 22<br />
Bow Asia² 2004 9 901 11 088 11 088 20<br />
Bow Singapore² 2004 9 888 11 089 11 089 20<br />
Bow Americas 2004 19 707 22 735 22 735 36<br />
Bow de Rich 2003 12 452 13 571 13 571 22<br />
Bow de Feng 2002 12 514 13 571 13 571 22<br />
Bow Andino 2000 16 121 17 622 17 622 30<br />
Crystal Amaranto³ 1999 9 887 11 115 11 115 24<br />
Euro Corallo³ 1999 4 482 4 543 4 543 17<br />
Euro Mora³ 1998 3 746 3 907 3 907 15<br />
Crystal Skye³ 1998 9 554 10 917 10 917 24<br />
Crystal Ambra³ 1998 8 053 8 559 8 559 22<br />
Bow Jubail² 1996 37 499 41 488 34 209 52<br />
Bow Mekka² 1995 37 272 41 606 34 257 52<br />
Bow Riyad² 1995 37 221 41 492 34 213 52<br />
Crystal Amethyst³ 1994 8 104 9 536 9 536 17<br />
Crystal Emerald³ 1994 8 143 9 542 9 542 17<br />
Crystal Pearl³ 1994 8 143 9 536 9 536 17<br />
Bow Baha 1988 24 728 32 363 19 662 25<br />
COMMERCIAL YEAR STAINLESS NUMBER<br />
MANAGEMENT BUILT DWT CBM STEEL, CBM OF TANKS<br />
JBU Sapphire 2009 19 860 22 144 22 144 16<br />
JBU Opal 2009 19 865 30 301 30 301 16<br />
Northern Wolverine 2006 16 000 18 397 10 056 35<br />
Northern Lynx 2003 16 533 18 397 10 056 35<br />
Crystal Atlantica 2000 16 630 17 350 17 350 22<br />
Number of ships: 99 2 716 458 3 132 198 1 950 584<br />
¹ Vessel beneficially owned through financial lease.<br />
² Vessel on bare-boat charter.<br />
³ Vessel on variable timecharter/pool.<br />
www.odfjell.com
ON ORDER<br />
YARD DELIVERY DWT OWNER<br />
SLS Shipbuilding Co.Ltd. Korea <strong>2011</strong>/2012 45 000 NCC 5 vessels<br />
Chongqing Chuandong Shipbuilding Industry Co.Ltd 2012 9 000 <strong>Odfjell</strong><br />
“ 2012 9 000 <strong>Odfjell</strong><br />
“ 2012 9 000 <strong>Odfjell</strong><br />
Daewoo Shipbuilding and Marine Engineering Co Ltd 2013 75 000 <strong>Odfjell</strong><br />
“ 2013 75 000 NCC<br />
Number of newbuildings: 10 402 000<br />
STAINLESS<br />
NUMBER<br />
TANK TERMINALS LOCATION SHARE CBM STEEL, CBM OF TANKS<br />
<strong>Odfjell</strong> Terminals (Rotterdam) BV Rotterdam, NL 51 % 1 636 100 33 000 281<br />
<strong>Odfjell</strong> Terminals (Houston) Inc Houston, USA 51 % 331 338 82 035 100<br />
<strong>Odfjell</strong> Terminals (Jiangyin) Co Ltd Jiangyin, China 55 % 99 800 30 000 22<br />
<strong>Odfjell</strong> Terminals (Dalian) Ltd Dalian, China 50 % 119 750 18 350 51<br />
<strong>Odfjell</strong> Terminals (Korea) Co Ltd Onsan, Korea 50 % 313 710 15 860 85<br />
Oiltanking <strong>Odfjell</strong> Terminal Singapore Ltd Singapore 50 % 365 000 13 520 79<br />
Oiltanking <strong>Odfjell</strong> Terminal & Co. LLC Sohar, Oman 29,75 % 1 267 500 - 54<br />
Exir Chemical Terminals PJSCO BIK, Iran 35 % 22 000 1 000 18<br />
Vopak Terminal Ningbo Ltd Ningbo, China 12,5% 65 550 7 900 38<br />
Total owned terminals 9 terminals 4 220 748 201 665 728<br />
Depositos Quimicos Mineros S.A. Callao, Peru 50 380 1 600 39<br />
Granel Quimica Ltda Santos I, Brazil 97 720 19 880 99<br />
Granel Quimica Ltda Rio Grande, Brazil 61 150 2 900 32<br />
Granel Quimica Ltda Sao Luis, Brazil 75 710 - 35<br />
Granel Quimica Ltda Ladario, Brazil 8 060 - 6<br />
Granel Quimica Ltda Triunfo, Brazil 12 000 - 2<br />
Granel Quimica Ltda Teresina, Brazil 7 640 - 6<br />
<strong>Odfjell</strong> Terminals Tagsa S.A. Buenos Aires, Argentina 47 140 530 87<br />
<strong>Odfjell</strong> Terminals Tagsa S.A. Campana, Argentina 62 980 10 190 88<br />
Terquim S.A. San Antonio, Chile 32 840 - 25<br />
Terquim S.A. Mejillones, Chile 18 000 - 7<br />
IMTT-Quebec Quebec, Canada 293 130 5 500 53<br />
NR.04/ 11<br />
31<br />
Total (incl. Associated terminals) 21 terminals 4 987 498 242 265 1 207<br />
PROJECTS AND EXPANSIONS STAINLESS ESTIMATED<br />
TANK TERMINALS LOCATION SHARE Cbm STEEL Cbm COMPLETION<br />
<strong>Odfjell</strong> Terminals (Charleston) LLC Charleston, USA 51 % 56 000 - ready Q1 2013<br />
Oiltanking <strong>Odfjell</strong> Terminal & Co.LLC Sohar, Oman 29,75 % 27 300 - ready Q3 2012<br />
Total expansion owned terminals 1 new terminal 83 300 -<br />
Depositos Quimicos Mineros S.A. Callao, Peru 2 600 ready Q1 2012<br />
Granel Quimica Ltda Aracruz, Brazil 30 000 - ready Q3 2014<br />
Granel Quimica Ltda Santos II, Brazil 52 000 - ready Q4 2012<br />
Terquim S.A. Mejillones, Chile 50 000 - ready Q4 2012<br />
Total expansion (incl. Associated terminals) 3 new terminals 217 900<br />
Grand total (incl. Associated terminals) 24 terminals 5 205 398 242 265<br />
odfjell quarterly magazine
MAIN OFFICE ODFJELL<br />
<strong>Odfjell</strong> SE - <strong>Odfjell</strong> Tankers AS<br />
Conrad Mohrsv. 29,<br />
P.O. Box 6101 Postterminalen<br />
5892 Bergen, NORWAY<br />
Tel: +47 5527 0000<br />
Fax: +47 5528 4741<br />
Fax: +47 5527 9070 (Chartering/Operations)<br />
MAIN OFFICE TERMINALS<br />
<strong>Odfjell</strong> Terminals BV<br />
Oude Maasweg 6, P.O. Box 5010<br />
Harbour Number 4040<br />
3197 KJ Rotterdam-Botlek<br />
The NETHERLANDS<br />
Tel: +31 102 954 700<br />
Fax: +31 102 954 719<br />
INTERNATIONAL OFFICES<br />
<strong>Odfjell</strong> USA (Houston) Inc.<br />
12211 Port Road<br />
Seabrook, TX 77586, USA<br />
Tel: +1 713 844 2200<br />
Fax: +1 713 844 2211<br />
<strong>Odfjell</strong> Singapore Pte Ltd<br />
6 Shenton Way, # 27-08/09<br />
DBS Tower 2<br />
SINGAPORE 068809<br />
Tel: +65 6349 1300<br />
Fax: +65 6224 2285<br />
<strong>Odfjell</strong> Japan Ltd<br />
Ogawa Bldg. 8F<br />
2-2 Uchikanda 1-Chome<br />
Chiyoda-ku, Tokyo 101-0047, JAPAN<br />
Tel: +81 3 3259 8555<br />
Fax: +81 3 3259 8558<br />
<strong>Odfjell</strong> Netherlands BV<br />
Oude Maasweg 6, P.O. Box 5010<br />
3197 XC Rotterdam-Botlek<br />
The NETHERLANDS<br />
Tel: +31 102 953 666<br />
Fax: +31 102 953 668<br />
<strong>Odfjell</strong> Brasil Ltda<br />
Av. Paulista 460 - 18 andar<br />
CEP 01310-000 Sao Paulo SP, BRAZIL<br />
Tel: +55 11 3549 5800<br />
Fax: +55 11 3549 5808<br />
<strong>Odfjell</strong> Shanghai<br />
Suite B, 13F<br />
Huamin Empire Plaza<br />
728 Yan An West Road<br />
Changning District<br />
Shanghai 200050, P.R. CHINA<br />
Tel: +86 21 5239 9469<br />
Fax: +86 21 5239 9897<br />
<strong>Odfjell</strong> Argentina SA<br />
Alicia Moreau de Justo 1960<br />
Office no. 202 - Puerto Madero<br />
1107 Buenos Aires, ARGENTINA<br />
Tel: +54 114 313 7837<br />
Fax: +54 114 313 4619<br />
<strong>Odfjell</strong> Australia Pty Limited<br />
Suite 4, Level 1<br />
443 Little Collins Street<br />
P.O.Box 1279<br />
Melbourne VIC 3001 AUSTRALIA<br />
Tel: +61 3 9642 2210<br />
Fax: +61 3 9642 2214<br />
<strong>Odfjell</strong> India<br />
A-26, Nandbhuvan Industrial Estate<br />
Mahakali Caves Road, Andheri (East)<br />
Mumbai 400093, INDIA<br />
Tel: +91 22 6695 4701<br />
Fax: +91 22 6695 4707<br />
<strong>Odfjell</strong> Durban (Pty) Ltd<br />
61 Bulwer Road, Glenwood<br />
P.O.Box 4045<br />
Durban 4021, SOUTH AFRICA<br />
Tel.: +27 31 2770880<br />
Fax: +27 31 2770899<br />
<strong>Odfjell</strong> Tankers AS, Korea Branch<br />
Room 1815 Gwanghwamum Officia Bldg.<br />
163 1-ga Shinmunno<br />
Jongn-gu, Seoul, 110-999 Korea<br />
Tel: +82 2 775 9760<br />
Fax: +82 2 775 9761<br />
<strong>Odfjell</strong> Korea Ltd.<br />
136, Cheoyong-Ri,<br />
Onsan-Eup, Ulju-Gun<br />
Ulsan, KOREA<br />
Tel: +82 52 227 5527<br />
Fax: +82 52 227 5567<br />
<strong>Odfjell</strong> Chile<br />
Puerta del Sol 55<br />
Las Condes, Santiago<br />
CHILE<br />
Tel: +56 2 3307221<br />
Fax: +56 2 3307948<br />
<strong>Odfjell</strong> Philippines Inc.<br />
4th Flr Atlantis Beacon Tower<br />
2315 Leon Guinto St.<br />
Malate, Manila 1004<br />
PHILIPPINES<br />
Tel: +6325280341<br />
Fax: +6325262256<br />
<strong>Odfjell</strong> (UK) Ltd<br />
14 Headfort Place<br />
London SW1X 7DH<br />
UNITED KINGDOM<br />
Tel: +44 207 823 0605<br />
Fax: +44 207 823 0606<br />
<strong>Odfjell</strong> Peru<br />
Av. Enrique Meiggs, 240<br />
Urb. Chacaritas,<br />
Callao, PERU<br />
Tel: +51 1 614 0800<br />
Fax: +51 1 614 0801<br />
NCC <strong>Odfjell</strong> Chemical Tankers JLT<br />
Room 3101-3104, Liwa Heights<br />
Jumeirah Lake Towers<br />
P.O.Box 214459<br />
Dubai, UNITED ARAB EMIRATES<br />
Tel: +971 4 440 1700<br />
Fax: +971 4 441 1701<br />
REGIONAL OFFICES<br />
<strong>Odfjell</strong> Asia Pte Ltd<br />
6 Shenton Way, # 27-08/09<br />
DBS Tower 2<br />
SINGAPORE 068809<br />
Tel: +65 6349 1300<br />
Fax: +65 6224 2285<br />
Flumar Transportes<br />
de Quimicos e Gases Ltda<br />
Av. Paulista 460 - 18 andar<br />
CEP 01310-000 Sao Paulo SP, BRAZIL<br />
Tel: +55 11 3549 5800<br />
Fax: +55 11 3549 5807<br />
<strong>Odfjell</strong> Tankers Europe AS<br />
Conrad Mohrs veg 29<br />
P.O.Box 6101 Postterminalen<br />
5892 Bergen, NORWAY<br />
Tel: +47 5527 0000<br />
Fax: +47 5527 9070<br />
TERMINALS<br />
<strong>Odfjell</strong> Terminals (Rotterdam) BV<br />
Oude Maasweg 6, P.O. Box 5010<br />
Harbour Number 4040<br />
3197 KJ Rotterdam-Botlek<br />
The NETHERLANDS<br />
Tel: +31 102 953 400<br />
Fax: +31 104 384 679<br />
<strong>Odfjell</strong> Terminals (Houston) Inc.<br />
12211 Port Road<br />
Seabrook, TX 77586, USA<br />
Tel: +1 713 844 2300<br />
Fax: +1 713 844 2355<br />
<strong>Odfjell</strong> Terminals (Dalian) Ltd<br />
New Port<br />
Economy & Technology<br />
Development Zone 116601, Dalian<br />
P.R. CHINA<br />
Tel: +86 411 8759 5500<br />
Fax: +86 411 8759 5549<br />
<strong>Odfjell</strong> Terminals (Jiangyin) Co., Ltd<br />
1314 West Binjiang Road<br />
Shizhuang<br />
New Harbour City, Jiangyin<br />
Jiangsu 214446 P.R. CHINA<br />
Tel: +86 510 8666 9111<br />
Fax: +86 510 8666 9110<br />
<strong>Odfjell</strong> Terminals (Korea) Co, Ltd<br />
136, Cheoyong-Ri<br />
Onsan-Eup, Ulju-Gun<br />
Ulsan, KOREA<br />
Tel: +82 522 311 600<br />
Fax: +82 522 376 636<br />
Oiltanking <strong>Odfjell</strong><br />
Terminal Singapore Pte Ltd<br />
1 Seraya Avenue<br />
SINGAPORE 628208<br />
Tel: +65 6473 1700<br />
Fax: +65 6479 4500<br />
Oiltanking <strong>Odfjell</strong> Terminals & Co. Llc.<br />
P.O. Box 369<br />
PC., 322 Fajal Al Qubail<br />
Sohar, SULTANATE OF OMAN<br />
Tel: +968 2670 0300<br />
Fax: +968 2670 0306<br />
Vopak Terminal Ningbo Ltd.<br />
No. 111 Zhaobaoshan Road,<br />
Zhenhai District<br />
Ningbo, P.R. CHINA<br />
Tel: +86 574 2769 5638<br />
Fax: +86 574 8627 5931<br />
ASSOCIATED TERMINALS<br />
Granel Quimica Ltda<br />
Av. Paulista 460, 18° andar<br />
CEP 01310- 000 São Paulo, SP<br />
BRAZIL<br />
Tel: +55 11 3549 5800<br />
Fax: +55 11 3549 5832<br />
Tagsa S.A<br />
Av. Alicia Moreau de Justo 1960,<br />
piso 4 Of. 402<br />
1107 Buenos Aires<br />
ARGENTINA<br />
Tel: +54 11 4001 9700<br />
Fax: +54 11 4001 9701<br />
Terquim S.A<br />
Blanco Encalada 840<br />
Dept 702, San Antonio<br />
CHILE<br />
Tel: +56 35 21 1050<br />
Fax: +56 35 21 1161<br />
DQM S.A<br />
Av.Enrique Meiggs, 240<br />
Urb.Chacaritas,<br />
Callao,<br />
PERU<br />
Tel: +51 1 614 0800<br />
Fax: +51 1 614 0801<br />
www.odfjell.com