Odfjell SE Annual Report 2012

operating out of Sao Paulo, Brazil, offers transportation
of bulk liquid chemicals on the Brazilian coast and within
the Mercosul area. The company currently operates four
chemical tankers and one 51,000 DWT product tanker.
Together, Odfjell and Flumar provide customers with superior
service capabilities in the Mercosul area. Furthermore,
the extensive network of tank terminals in Brazil and
Argentina, owned by related parties, adds value and benefits
to its customers’ logistics requirements.
Odfjell y Vapores
The 50/50 joint venture Odfjell y Vapores operates out
of Santiago, Chile, with one chemical tanker of 16,000
DWT. The vessel is primarily engaged in transportation of
sulphuric acid along the Peruvian/Chilean coast.
ODFJELL SHIP MANAGEMENT
Odfjell Ship Management is fully integrated with fleet
management, crewing, risk management and technology
support. As ships account for a substantial part of our
total fixed assets, it is imperative that the fleet is managed
and operated efficiently, assets are protected and values
maintained. Odfjell Ship Management manages all owned
and bare-boat chartered vessels. As of the end of 2012, the
Odfjell managed fleet consisted of 47 vessels, 45 chemical
tankers and two LPG/Ethylene carriers.
Odfjell Ship Management employs personnel at offices
in Bergen, Singapore, Manila, Subic Bay, Sao Paulo and
Houston, which provide direct support to ships in regional
trades and ships in the deep-sea fleet, as well as professional
crew management.
In 2012 Odfjell Ship Management continued the amended
efforts to develop a safety culture capable of taking Health,
Safety, Security and Environment performance (HSSE) to a
sustainable higher level. For that purpose a Safety Culture
Programme as well as HSSE programmes are launched
and achieved performance levels are regularly reviewed.
The implemented ship maintenance programme secures
safe and efficient operation, a long useful working life and
high second-hand values of the vessel. The maintenance
strategy is implemented through our computerised Planned
Maintenance System supported by an in-house specialist
team. A well structured technical project management team
secures compliance with relevant rules and regulations as
well as various ship performance improvements.
The safe operation of chemical tankers and LPG/Ethylene
carriers depends on highly qualified officers and crew.
Our ships are mainly registered in Norway (NIS) and
Singapore, and are primarily manned by Norwegian and
Filipino mariners with extensive experience. The Flumar
fleet, which is primarily traded on the Brazilian coast, is
manned by Brazilian mariners.
Odfjell devotes considerable attention to recruiting qualified
officers and crew and at any given time, more than
200 Norwegian, British or Filipino mariners are normally
employed as trainees or cadets.
Odfjell Ship Management actively applies Risk Management
processes to maintain and improve performance. Every
year Odfjell carries out regular internal audits of ships
and offices. Customers make inspections through the
Chemical Distribution Institute (CDI) and the Oil Companies
International Marine Forum (OCIMF). Periodical surveys are
carried out by various classification societies, flag states
and port states. From 2013 all Ship Management branch
offices will be included in our Document of Compliance
audits and DNV performs ISM Code inspections of our
ships’ quality systems. When ships or offices report critical
situations, accidents, non-conformances or possible
improvements through our Safety and Improvement
freight rates 3 000 mts easy
grade chemicals (USD/Tonne)
freight rates 1 000 mts stainless
steel grade chemicals (USD/Tonne)
140
120
140
120
100
80
60
40
20
0
2005 2006 2007 2008 2009 2010 2011 2012
100
80
60
40
20
0
2005 2006 2007 2008 2009 2010 2011 2012
Source: Quincannon Associates, Inc
Houston/Rotterdam
Houston/Far East
Houston/Rotterdam
Houston/Far East
87
odfjell annual report 2012