Quarterly October 2004 - Odfjell

The Way We Are OrganizedOur Associated SouthAmerican TerminalsTruck loading at DQM in Callao, Peru.Moreover, excellent dockside land hasbeen acquired for a new terminal atVentanas (in Chile, within the QuinteroBay, just north of Valparaiso), andwe have also secured land for a newterminal in the bay of Mejillones, justnorth of Antofagasta, North Chile.The TAGSA Campana terminal in Argentina.The first Odfjell terminal ever was builtin Buenos Aires in 1968. As amongstour shipping competitors, we were thus”first off the block” with own docksidetank storage facilities.The second terminal in Santos is plannedwith an initial capacity of 50,000 cbm.The river terminal in Ladario will besmaller, in keeping with local inlanddemand.Our Chairman’s brother, Carl-HenrikOdfjell is in charge of these privatelyowned terminals that, between them,employ altogether about 500 people.In addition, incidentally, there is theOdfjell Vineyards in Chile, whichemploys 50 persons year-around -- andmore than double that number duringgrape harvesting. Thus, south of theborder, we very much keep up theage-old slogan of Odfjell, for anythingliquid...In South America ever since therehas been a more or less continuousexpansion, both in terms of individualterminal capacities and capabilities andin overall number of such efficient ship/shore interfacing units. Headquarteredfrom São Paulo, and dotted along thecoasts of Brazil (4), Argentina (2), Chile(1) and Peru (1), the Odfjell family nowcontrols altogether eight tank terminalsand two dry-cargo terminals.Newsworthy perhaps are the two newtank terminal projects in Brazil; one inSantos, in the Alamoa area, and anotherin Ladario (Corumba) on the ParaguayRiver, that is, on the Brazilian side ofthe border with Bolivia, some 250 kmup-river by barge from Buenos Aires...The Ladario river terminal, our dry bulk operations to the left and the new tanks underconstruction to the right.odfjell quarterly 13