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ScAndinAViA uS norwAy Gunvor and tore ulstein Firm designs on an offshore future Ulstein siblings have helped reshape shipbuilders’ focus ULSTEIN is a place, a shipyard and a family name. The Ulstein siblings Gunvor and Tore have been shaping the shipbuilder into a specialist designer and have made the company name renowned through one important and visible ship design – the X-bow. Ulsteinvik is a small former fishing village on Norway’s northwest coastline. The best way to get there from Oslo is to fly via Ålesund, then take a ferry south. Today, one of the main reasons for visiting the region is because of its offshore specialists. Ulsteinvik is just one of these offshore technology clusters and the Ulstein family is at the heart of it. Back in 1999, Vickers bought the Ulstein Group, just months before Vickers itself was targeted by Rolls-Royce. What Vickers did not want at the <strong>time</strong> was the shipbuilding norwAy Lawrence ward odfjell Family succession order of day at odfjell Lawrence Ward took chair from his father in 2010 THE Odfjell family name continues with strength in the west of Norway shipping community. Not only is it continued in the Oslo-listed Odfjell Group, but can still be found in Odfjell Drilling and in the family offshoot, Jo Tankers. Lawrence Ward Odfjell, who was born in 1965, took over the chair of the chemical tanker and terminal operating Odfjell Group in 2010, when his father Bernt Daniel Odfjell stepped down as chair and took a position as a board member under his son. Mr Odfjell snr had been in the company since 1963. While his father had been outspoken on a number of issues facing the chemical tanker business up to his retirement, Mr Odfjell jnr has taken a more reserved approach to the public face of the family business, leaving the day-to-day industry comments to the companies outspoken chief executive Jan Hammer. Mr Odfjell’s other passion does appear to be wine. The family owns a vineyard in Chile. Meanwhile Jo Tankers, launched as a separate business from a former Odfjell pool in the 1980s, has developed as its own business away from Odfjell. Johan Odvar Odfjell has been chairman since 2008 and sole managing director as of 2003 when both Jo Tankers and Odfjell were embroiled in price fixing allegations in the US. Jo Tankers has been one of the few to order chemical tankers this year, taking a pair, with options from a Chinese yard at the start of the year. 28 next generation 2012 division, focusing more on the engineering side of the business. The windfall for the Ulstein family, and the mandatory years when it was barred from building overseas, or expanding its portfolio, allowed it to focus on Ulstein Verft and on finding a new niche. This led to the development of X-bow design, which has become one of the bow designs of choice for the offshore sector. Father Idar Ulstein passed way in April this year. But for many years, the three children – there is another daughter Ingerid who runs the family investment business Ulsmo – have been instrumental in crafting a new company with a very unique identity both in Norway and within the international ship design and shipbuilding market. The new order: Lawrence Ward Odfjell
FrAnce Saadé family Saadé offspring stay in the shipping fold All three children have roles at CMA CGM CMA CGM is a truly family affair, with chairman and chief executive Jacques Saadé still very much in charge, but the next generation holding key positions in the group that now operates the third-largest container line in the world. Mr Saadé’s three children all work for the French company, while his wife Naila is president of the CMA CGM Corporate Father and son: Jacques Saadé and his son Rodolphe reSt oF euroPe Foundation, which supports underprivileged children. Also undoubtedly part of the extended family is Farid Salem, who helped Mr Saadé found Compagnie Mari<strong>time</strong> d’Affrètement in 1978 and who remains a central figure in the business. The pair were both born in Beirut, with Mr Saadé running the business his father had established for 20 years. next generation 2012 29
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Page 53 and 54: What sets Commodore apart from the
Page 55 and 56: Open for entries Matt Dias +44 (0)2

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