March 2007 - Eitzen group

Eitzen NewsMarch 2007 No. 9EITZEN GROUPEst. 1883

A new life for 40 children havestartedIn the process of developing theDivisions into separate Stock listed individualCompanies, it is extremely importantthat the Eitzen Group Philosophyand Synergies are kept intact, maintainedand developed.Camillo Eitzen & Co ASA will have theresponsibility to secure this.I would like to take this opportunityespecially to thank the staff of CamilloEitzen who is performing the crucialsupport with heavy workloads, to theseparated companies ECHEM andEMS as well as the commercial divisionsof Gas and Bulk.- The Legal department- The IT department- The Accounting departments- The Technical both for sailingvessels as well as new buildings- The Administrative departments- The Group Branding- The Eitzen NewsThe efforts delivered combined with theprofessional content of the services, arevery impressive.Thank you so much, this reflects thespirit of the Eitzen Group in everydetail, and is thereby an inspiration forall.By Nina Eitzen, Eitzen FoundationOn 25th November 2006 was the grandopening of the orphanage Mae Chan -Baan Chivit Mai, and all the children,employees and prominent guests fromthe Thai community were present. Thearea was beautifully decorated with gorgeousflower arrangements and surroundedby Norwegian, Swedish andThai flags. After speeches and specialgreetings from the Chairman and theMayor of Chieng Rai, the local managementof Baan Chivit Mai and thefounder Mrs. Eva Olofsson, Nina andAxel C. Eitzen were given the honour ofcutting the banner and opening the newhome.It was a wonderful and touching ceremony,and a lot of happiness, smiles andgratitude expressed by everyoneinvolved.The project has been very well organized,and thanks to a lot of effort andhard work it has developed fully accordingbudget and plan. A year and a halfafter we received the first funds, theorphanage is now fully up and runningconsisting of five well built houses, vegetableand rice fields and a fish pond, allsituated on a beautiful piece of land.Everybody involved can be really proudof what they have achieved. The homehas been organized and built locally andsupervised by a wonderful Swedish couple,who gradually will take over afterthe founder, and be responsible forcoordinating projects and fundraising inthe future.By this wonderful new home, the childrenare now living in a safe and caringenvironment and have been given a newstart in life. They are going to localschools, learing handicrafts and self sufficiency,and thereby building up dignityand self respect, possibilities and hopefor the future.We would like to take this opportunityto thank everyone involved, and for allsupport, contributions and donationswhich have made this possible. It reallymakes a difference.If you ever have a chance to visitNorthern Thailand and the Chieng Raiprovince - we highly recommend you tovisit the orphanage, as you will neverforget the memories of these happychildren. Please do not hesitate to contactNina Eitzen if you have any queries,and for more information please see theweb site www.baanchivitmai.comVery best regardsAxel C. EitzenCEOCamillo Eitzen & Co ASA3

Eitzen Chemical -M/T "SICHEM DEFENDER"Delivery 9th January 2007Fukuoka Shipyard, Japan19,999 DWATStainless Steel Cargo TanksDelivered into a long-term time-charterwith Eitzen ChemicalM/T "FS SARA"Delivery 12th January 2007ADIK Shipyard Tuzla, Turkey8,019 DWATEpoxy coated cargo tanksHull no. 315 - M/T "SITEAMEXPLORER"Launch 26th November 2006BrodoTrogir (Shipyard Trogir), Croatia46,250 DWATEpoxy coated cargo tanksM/T "SICHEM MANILA"Delivery 30th January 200721st Century Shipbuilding Co. Ltd.13,125 DWATMarineline coated cargo tanksBy Michael S. Katkjær, Eitzen Chemical, CopenhagenThe growth of the Eitzen Chemicalfleet continues, and since the last editionof Eitzen News, Eitzen Chemical hastaken delivery of five vessels, and twovessels have been launched. There arescheduled 17 vessels for delivery within2007, and presently another 18 vesselswill be delivered in the period 2008 to2010.As you will see from the pictures, on afew of these occasions, we were honouredto have the vessels either christenedor released on the slip-way by cuttingthe holding rope.The M/T "SICHEM MUMBAI" wassuccessfully christened by Mrs. TamikoToda, wife of J. Toda, President of TodaShip Co Ltd. Toda Ship Co Ltd is a specialcompany for Eitzen Chemical ASARope cutting performed by HenrietteLouise Thornberg, wife of TechnicalProject Director Claus Thornberg,Camillo Eitzen & Co. ASAGodmother Mrs. Lee,President Mr. KJ HwaShipbuilding Co. Ltd.4 Eitzen News

new buildingsand at time of writing we have fourships on long term charter with purchaseoptions, including the M/T"SICHEM MUMBAI".The sister-vessel M/T "SICHEMMANILA" was christened by Mrs. Lee,wife of Vice President of 21st CenturyShipyard, Mr. K.J. Hwang.And last, not least, the biggest newbuildingon order in our fleet, Hull no.315 tbn M/T "SITEAM EXPLORER",was released on the slipway when Mrs.Henriette Louise Thornberg, wife ofTechnical Project Director ClausThornberg, Camillo Eitzen & Co. ASAsuccessfully cut the holding rope of thevessel. The actual name-giving of thisvessel will take place closer to vessel'sdelivery.M/T "SICHEM EDINBURGH"Launch 16th February 200721st Century Shipbuilding Co. Ltd.13,000 DWATEpoxy coated cargo tanksM/T "SONGA AMETHYST" to berenamed M/T "SICHEMAMETHYST"Delivery 13th October 2006Murakami Hide Shipbuilding Co. Ltd.8,816 DWATStainless steel cargo tanksM/T "SICHEM MUMBAI"Delivery 14th October 200621st Century Shipbuilding Co. Ltd.13,084 DWATEpoxy coated cargo tanksDelivered into a long-term bare-boatcontract with Eitzen Chemicalwife of the Viceng, 21st CenturyFrom l to r: Chief Officer Dzhashiashvili.Fridtjof C. Eitzen, son of Nina & Axel C.Eitzen. Godmother Mrs. Toda wife of Mr. J.Toda. Nina Eitzen, Vice Chairman CamilloEitzen & Co. ASA. Jens Grønning, COOEitzen Chemical ASA. Mr. J. Toda, TodaShip Co. Ltd., Owner of M/T "SICHEMMUMBAI", Ryo Toda, Toda Ship Co., Ltd.and Captain Dolmatov5

Rebranding of EMSBy Piyush K. Sharma, EMS Ship Management, Copenhagen1st February 2007 was the day we gaveup our old name of TESMA, Strommeand Polaris; to embrace the new namesof EMS Ship Management, EMS ShipSupply and EMS Insurance Brokers,and as with all processes of change, wetoo had our fair share of emotionalupheavals to reach this day.It was back in November that the decisionwas made to rebrand the threeorganizations and the underlying philosophywas to implement common valuesand a common ideology, and enhanceco-mingling and knowledge sharingamongst offices.A kick-start was achieved at the firstever combined strategy meeting of allthe business units in Copenhagen thesame month, and since then it has beenfull steam ahead for all at EMS. Internaland external communication strategieswere formulated; expert advice wassought from media consultants, and allagreed and believed in the Big BangTheory! "Launch it on one date, and doit with a media bang". This got all of usbanging our heads together to make itto the deadline!!!It is a commendable effort on the partof all employees at EMS to be able tomeet the set D-Day. The key contributorsin this process deserve specialthanks for their time and effort to makeit a success. Nina Eitzen and her teamof designers ensured that the basic6Eitzen News

Ship - target or tool?By Kaushik Roy, EMS Ship Management, EdinburghSecurity is an important issue of thiscentury. Among transport modes, shippingpresents the highest security risksince, on the one hand, it is the mainfacilitator of international trade and, onthe other hand, a terrorism-targetedship, whether a passenger or cargo carrier,poses a major threat in terms ofloss of human life and property, as wellas the threat of damage to the environment.Shipping is particularly vulnerableto terrorism, either as a direct target orindirectly as a service provider or tool.Target options in terms of numbers, e.g.major stock exchanges are multiple targetsbut still limited in number whileships are almost infinite. In terms ofsecurity, stock exchanges are well protected,whereas the ships, either at opensea or in coastal waters, are not secured.Also ships are very easy target fromhuge numbers available.In terms of geographic area impact,from a terrorist viewpoint, the larger thebetter. Thus, a successful attack on anuclear plant, assuming a radiationspread such as was the case atChernobyl, would have a regional if notnational impact while a successful attackon oil, chemical or gas tankers in themiddle of Singapore Strait or DoverStrait would have great national andinternational impact.Damage to the target and national economywould also be a consideration withrespect to a terrorist's list of possibletargets. Explosion on a cruise ship orgas carrier might seem local in geographicimpact and the economic lossrelatively small, the financial impact onthe shipping industry would be profound.A successful attack on the cruiseship would have consequences fargreater including political/psychologicalimpact than the damage to the shipitself.Casualties would rank high in targetselection. The successful attack on theWorld Trade Center and Pentagon, withcasualties in the thousands, caused anational trauma, the effects of whichwill continue for years. The same will berepeated if a large passenger ship isexploded, where thousands of peoplefrom various nations will die.The political and psychological impactof a successful terrorist attack is perhapsthe most important of all considerationsas noticed in US Navy vesselUSS Cole in 2000, leaving 17 sailorsdead and one of the most advancednaval vessels almost sunk. Terroristscould claim a major victory shouldAmericans or Britons lose faith in theirgovernment's ability to protect them.In terms of terrorist tools or weapons,shipping becomes most suitable for theillicit transport of terrorist weapons,from conventional explosives to unconventionalchemical, biological and radiologicalagents. The world has not experienceda major terrorist attack usingships or containers - at least not yet. Butit is clear that terrorists can see thepotential of using the maritime tradingsystem to conceal weapons or agents forattack purposes or to provide fundingor support for their operations.Terrorists have also used small, highspeedcraft, packed with conventionalexplosives several times in recent yearsto cause serious damage to, and deathson, much larger vessels. Large tankerscan be a major polluting threat to themarine and coastal environment. Thelarge scale of the imminent disaster havingthe corresponding publicity gainsfor the terrorists.Using flags of convenience, terroristcharteredor terrorist-owned arms carrierstransport weapon supplies to theirtheatres. These carriers are managed byterrorist front and cover companieslocated in the Western hemisphere andin the Far East. Some 90-95 per cent ofthe time, these registered carriersengage in perfectly legitimate commercialtrade. More than the lack ofstrength or expertise, it has been thelack of political courage that has impededstates from the interdiction of armsshipments for terrorist groups.Among the plethora of terrorist attacksin shipping, some of the ones that madehighlights are: the hijacking of theItalian cruise ship Achille Lauro in theMediterranean Sea, 1985; the grenadeblasting and gun firing on board theGreek cruiser City of Poros in the8 Eitzen News

Saronic Gulf, 1988; the explosion ofbuses on board the ferry Our Lady ofMediatrix in the Philippines, 2000; thebombing of the French tanker, VLCCLimberg in Yemeni waters, 2002. In allof the above incidents, each ship wastarget, not tool. Even, the ship maybecome a tool for terrorists (i.e. 9/11case). For instance, a cruise ship can bewell target, but a cargo vessel maybecome a tool for terrorism. The impactof attacking passenger ship is muchmore than a cargo vessel. The value ofhuman life is immeasurable and lots ofrich people and celebrities travel oncruise ships. Whereas, very less peopleare there on cargo ships, compared toany passenger vessel, but result of devastationmay be worse depending oncargo characteristics. Ships may be seenas political weapons by terrorists whohave political or terrorist agendas.For pirates or hijackers, ship is a hot target,not a tool for piracy. By hijacking apassenger ship or wealthy cargo ship,they can fulfil their aims. Unlike thepirates of old, many of today's piratesare maritime terrorists with an ideologicalbent and a broad political agenda.This nexus of piracy and terrorism isespecially dangerous for energy markets.Stowaways use ship as tool for humantrafficking. Normally, they have nointention to damage the ship or cargo.Their views are different as they do notuse the ship for destructive purposes,neither for any constructive purposes.A terrorist attack on transport infrastructurein a certain region will cause arise of all transport costs to that region.This will induce some people no longerto look for jobs in that region. Thelabour supply will therefore decrease inthis region. This will cause the regionsproduction to decline, and will reducerelative wage in this region. The lowerrelative wage leads to emigration out ofthat region and lowers the supply oflabour even more.Only two percent of all terrorist incidentsrecorded since 1969 have takenplace at sea. Several reasons account forthis. First, terrorists have generally preferredland venues as they are fixed, easierto penetrate and more immediatelymedia accessible. Second, operating atsea requires specialist skills andresources that all but a few organizationsposses. Third, most terroristgroups are tactically conservative, optingfor familiar methods that have beentested and offer a relatively high chanceof success.At the end, our view of what is a likelyterrorist target cannot be taken to be thesame as those of the terrorist. Overtime their objectives can be expected tochange depending upon circumstances,which in turn will change their choice oftargets; changes which cannot be accuratelyforecast. Since we cannot providemaximum security for every possibletarget, we have no choice but to identifyand prioritize targets and allocateresources accordingly.If we consider ships are likely targets,resources allocated to their security willnot change appreciably over time. Onthe other hand, a terrorist has theadvantage of flexibility in target selectionas well as flexibility in allocating thenecessary resources to attack the target.9

You don't have to be physically strong to support aship…By Shamsul Bahrin, EMS Ship Management, Singapore"Over a hundred twenty computers fortwenty seven ships at three differentcontinents over the space of fivemonths" is quite a statistic to behold.We cannot forget ships already in theEMS fleet while we focus on the hugetask at hand.When the acquisition of Sigas Kosanwas announced back in October 2006,we were not prepared for the news tocome after that. Back then, we wereseverely "undernourished" where ITship supporters in Europe are concerned.We were already on the brink ofrecruiting three IT ship supporters outof Estonia, and with the guidance ofPeter Helgstrand, our three new IT shipsupporters went through a "baptism offire". Barely just week into the job, theship visits started, and through sometight planning, we managed to ensurethat no new IT ship supporter made hisfirst "deployment" visit alone.Barely had we catch our breath, whenwe were faced with the even moredaunting prospect of 17 Blystad shipsfor takeover. The TechnicalCompetence Centres in Singapore,Copenhagen and Mumbai were veryeager to "fast forward" the takeovers.However commercial and logistical considerationsprevailed and stretched thetakeover up to 14th February 2007 culminatingin the takeover of "SITEAMANJA" in Singapore. In between EMSShip Management Singapore wasinvolved in three takeovers of thirdparty container ships.What is the secret behind being able tohandle a nearly 20% increase in numberof IT supported vessels, you would ask?- The cooperation provided byEMS Ship Management in Singapore,Copenhagen and Mumbai, Eitzen Gasand Eitzen Chemical were excellent.Information such as movements of vessels,agents' details and actual takeoverdates/ports were always readily available.This helps in the delivery of thecomputers and the deployment of theIT ship supporter.- Extend usage of our centralizedsystems and scaleable Ship to Shorebased processes in place.- A main computer supplierdelivering a turnkey service. We justneed to tell them how many computersrequired and the address to send to.They will clone the computers, checkthat the computers will run smoothly,pack them and label them professionally.- Our team of onboard IT shipsupporters - Sritaran Ramesh, PeterHelgstrand, Ringo-Reins Villems, RihoMikko and Ilja Kolk who will on shortnotice make the visits onboard todeploy the computers and educate theships' crew on the use of the onboardcomputers.It is foolish to gloss over success withoutlearning from the hiccups along theway. There are instances when computersarrived in bad condition but the lessonwe quickly learnt is to always ensurethat computers transported are properlycrated and wrapped in plastic.You don't have to be physically strongto support a ship because what youneed is determination, dedication andstrong cooperation from all parties concerned.The future certainly bodes wellfor Eitzen Maritime Services and to alarger extent, Eitzen Group.10 Eitzen News

New Year party - SingaporeBy Guy G. Smith, Eitzen Bulk, SingaporeAs readers will know the Eitzen Groupholds a New Year party in Singapore forour friends in the Asia Pacific regionand this year was no exception. For thefirst time, however, we held a Golf tournamentthe day before for a group ofmainly overseas guests in appreciationof the distances they had travelled tojoin us.We were honoured and delighted withthe participation - over 40 guests joinedfor golf and a whopping 425 guests forour New Year party, including over 100from overseas.The golfers enjoyed an unusually freshand pleasant breeze while they madetheir way around the Singapore IslandCountry Club's impeccable IslandCourse. Despite no records being brokenthe golfers enjoyed themselves withthe course being especially kind to thosewith a fear of water - there were fewwater hazards on this course!Of course, golf was just a pre cursor tothe main event! Our New Year partywhich was again held in the China Clubperched on the 52nd floor of CapitalTower in downtown Singapore. Inanticipation of greater numbers theChina Club permitted to use the wholespace, allowing 360 degree views. TheChina Club is certainly one of the bestlocations to see the ever changing landscapeof Singapore and with clear skiesguests were treated to a spectacularview.Eitzen Group staff from all segments,Eitzen Chemical, Eitzen Gas, EitzenBulk and Eitzen Maritime Services,enjoyed playing host to our guests fromnear and far. Mr. Axel C. Eitzen, asCEO of the Eitzen Group, was theprincipal host and was joined by his wifeNina to welcome new and old friends,and in keeping with the diverse activitiesof the Group what a very broad rangeof friends they were. From bankers toagents, brokers to port authorities,traders to miners, shipyards to insurers,owners to charterers, the guest list representedthe full gamut of the shippingindustry.In his welcome address to the guestsMr. Eitzen drew attention to this factand highlighted that without the friendshipand support of so many people theEitzen Group would not be where it istoday. Furthermore, having the supportfrom the industry in Asia will beincreasingly more important as theeconomies here continue to developwith the trade naturally following suit. Itis our belief that the best way to maintainthat support is to follow our valuesof being innovative and dynamic, whileat the same maintaining our humantouch and a high standard of ethics.Accordingly and once again, we arehonoured and appreciative that so manyof our friends could join us for ourNew Year party and hope that the comingyear is a great success for all.From l to r: Mr. Ryoichi Akao, MD of OceanLink Shipping Pte Ltd with wife, Mr JunichiroToda, President of Toda Ship Co. Ltd. and AxelC. EitzenFrom l to r: Klaus Munk Andersen, CamilloEitzen, Singapore, Nina Eitzen and Mr. Peter D.Knudsen, Head of Shipping, Nordea Bank Norgewho won the golf tournament11

Grand tour of M/V "SELANDIA"By Mikkel Marconi and Kristian Schmidt, Eitzen Bulk, CopenhagenEarly morning on 12th November 2006,Kristian and I were sailed out fromSpodsbjerg Pilot station together withthe pilot to meet M/V "SELANDIA"and to sail with the ship for the rest ofher voyage with coal loaded in UstLuga, Russia to Portbury, UK. Wereceived a warm welcome from the captainand the 3rd officer showed us toour cabins where we were installed forthe next five days.The next day the 3rd officer showed usthe different kinds of safety equipmentson board, and the rest of the day wentby observing coastal navigation fromthe bridge. When we woke up the nextday, the ship was rolling a lot, so wespent much of the day in our cabins!feet again for the "Grand tour of M/V"SELANDIA" by the 1st officer. Heshowed us the engine room, the deck,storing rooms, anchors and how tomeasure oil in the tanks.Thursday we attended the abandon shipdrill and the fire fighting drill, which wasvery interesting, every crew member onthe ship took there individual positionsvery seriously and knew exactly what todo and when to do it.Early Friday morning we reachedPortbury, UK and we observed the lockgate operations at the dock and afterlunch the agent took us on a trip aroundthe docks before we had a final tourround the M/V "SELANDIA" withfocus the hold areas and the cargo.The trip was a very fruitful tour for bothKristian and I and has broadened ourunderstanding of life at sea, and wewould like to convey our thanks to thecaptain and his crew for some veryinteresting days on board.Wednesday the weather had improvedsome what so we could get up on ourENGC teambuilding and kick-offBy Jakob Bode, Eitzen Gas, SingaporeAs of 1st January 2007 the ENGCCooperation has officially commencedoperations, and although ENGC has ineffect been working since 1st September2006 we decided to mark the occasionby inviting everyone working forENGC worldwide to Hemsedal inNorway.The event was a great success with 19people from Dubai, Oslo, Copenhagen,Houston and Singapore participating.We had presentations made by PoolManagement as well as from ourExecutive Committee; however themajor focus of the event was to ensurethat the employees from all around theworld got to know each other across the"mother-organizations".While a number of the ENGC staffsalready have long standing relations wealso want to ensure that people understandthat this is indeed a new entity.Consequently we had arranged for a funday in the snow with teambuildingevents to ensure that the team is sufficientlyshaken into place.That winter decided to finally arrive inNorway with more than a half meter ofsnow falling while we were there, didnot limit the enthusiasm and participationduring the events!12 Eitzen NewsWe now look forward to continue tobuild on our success to make ENGC acontinued success in the market bothoperationally and commercially.

Rechto cupBy Tonje Waaler Hagen, Camillo Eitzen & Co, OsloRechto Cup is an indoor soccer tournamentfor the shipping industry, arrangedin Aalborg, Denmark. 114 teamsentered this year's cup, 76 mens teams,14 ladies teams and 24 old boys teams,and Eitzen Group participated with twomens teams, from Eitzen Chemical andEitzen Bulk, one ladies team and one oldboys team. All in all, we were 25 playersand cheerleaders from Denmark, Franceand Norway.The kick-off was early Saturday morning,and the ladies team formed thecheering section to push our boys forwardwith flags, cowbells, which was notmuch appreciated by the other spectators,and pompons, but sadly it did nothelp much.Eitzen Chemical lost all their matchesand received a fitting prize for theirefforts on court; Bridget Jones Diary-DVD.Old Boys lost in spite of a very goodgoalkeeper. Maybe their train ride fromCopenhagen to Aalborg was too wet.Everyone enjoyed the dinner party,especially rookie Andreas, and by theend of the night, he must have dancedwith all the 1000 guests…..Sunday morning the brilliant ladies teamshowed up at the arena, looking freshand stronger than ever! They did fairlywell losing only one match againstClipper 1, who won the whole tournament,and the ladies team would like tothank the cheering section for theirstrong belief in them!The mens team from Eitzen Bulk didjust as well, sadly losing their last matchwith only two players on the court (thetwo others were suspended due to bullybehavior).No prizes this year, but all in all everyonewas really happy with their performanceboth on and off court!Looking forward to Rechto Cup 2008!ENGC - operation meeting in DubaiBy Anders Rasmussen, Eitzen Gas, CopenhagenENGC had in December 2006 one oftheir regular operations meetings withSaudi Basic Industries Corporation(SABIC) in Dubai. In connection withthe meeting ENGC invited SABIC keypersonal to participate in a clay pigeonand bow shooting competition just outsideDubai. The competition was lessimportant, it was all about having agood time which the pictures confirm.All the participants gathered. From leftAbdul-Rahim Jalali, ENGC, SaadM. AlBlaihi SABIC, Jawahar F.Coelho, ENGC, James Lough,ENGC, Christian Fallesen, ENGC,Anders Rasmussen, Eitzen Gas,Jakob Bode, ENGC, Mohammed Al-Zuhair, SABIC, Terje Ørehagen,Norgas and Geir Jensen, ENGC.Jakob Bode receives fromAnders Rasmussen his welldeserved prize for his bowshooting skillOur champion marksmanChristian Fallesen inaction13

A different kind of ship visitBy Guy G. Smith, Eitzen Bulk, SingaporeStaff and families of Eitzen Bulk,Eitzen Gas and Eitzen Chemical inSingapore visited the "GOTHEN-BURG" during her recent port call on9th January, 2007. She is an exact replicaof an East Indiaman of the samename. The original "GOTHENBURG"sank at the entrance to Gothenburg,Sweden in 1745 as she returned fromher third voyage to Far East whilst inthe service of the Swedish East IndiaCompany.In 2005 the "new" "GOTHENBURG"was launched from the Terra Nova shipyardin Gothenburg after ten years constructionusing traditional techniquesand materials - a far cry from todayssuper efficient and fast yards. Her hull ismade from oak, much of it felled inDenmark, and with her masts and riggingmade of spruce and pine.Including the bowsprit she is 58.5mlong, 11m beam with a displacement of1150mt and 1,964 sqm of sail area.The ship is fitted with an engine andmodern navigational aids. Much moreimportant according to younger membersof our boarding party was that shewas fitted with "CANNONS!""GOTHENBURG" has a crew of 19with another 60 volunteers and was inSingapore on the return leg of aSweden-China round voyage, afteralready calling Cadiz, Cape Town,Fremantle, Jakarta and Guangzhou.We were lucky to have Fridtjof Eitzenand his friend, Mads, join us for the shipvisit and the Eitzen Singapore annualdinner that followed. Fridtjof and Madsare on their own world voyage and wewere all envious of them!If a demonstration was needed of howfar we have come in terms of ships andthe part they play in world trade, the"GOTHENBURG" vividly provides itand is a testament to her builders andthose who sail aboard her.“GOTHENBURG” at berthOur Swedish guide, Fridtjof and MadsEitzen Singapore staff and family14 Eitzen News

Camillo Eitzen (Denmark), CopenhagenEitzen Bulk, CopenhagenLone Christensen,12.12.06 Assistant, AccountsPersonaliaGitte Petersen, 02.01.07 AccountantMalene Hansen, 01.02.07 AccountantHanne Vøttrup, 15.02.07 Assistant Reception DeskSusanne Gjelstrup Ulslev, 01.03.2007 AccountantStine Christensen, 05.03.07 Corporate AssistantSusan Schack Meyer, 05.03.07 Office JuniorEitzen Chemical ASA, Oslo Eitzen Chemical, CopenhagenTerje Askvig, 01.03.07 CEOVeronica Peña Christoffersen,01.02.07 Department SecretaryEitzen Gas, CopenhagenKent Sørensen, 01.01.07 Fleet Manager, OperationPierre Winther, 01.01.07 Operation ManagerTorben Rasmussen, 01.01.07 General ManagerBettina Christensen, 01.01.07 Operations ManagerSøren Bækgaard, 01.01.07 Chartering ManagerKristine Rytter, 01.01.07 Chartering ManagerEMS Ship Management, CopenhagenAsfaq Abdali, 08.01.07 Financial ControllerRobert Elliot, 29.01.07 Superintendent TraineePoul V. Andersen, 01.03.07 Technical SuperintendentKasper Jensen, 01.03.07 Superintendent TraineeEMS Ship Management, Global Team CopenhagenSvein Eloff Pedersen, 01.02.07 PresidentEMS Crew Management, TallinnGerli Hamelberg, 19.01.07 AccountantEMS Ship Management, EdinburghEMS Crew Management, RigaIvan Pivovarov,02.01.07 Training OfficerJevgenijs Mastjanica,05.02.07 Crewing AssistantEitzen Chemical (USA)Mandeep Singh, 15.11.06 Technical AssistantCatherine Macleod, 20.11.06 Accounts AssistantKaushik Roy, 27.11.06 Assistant SQE ManagerJohn France, 08.01.07 Purchasing OfficerBill Lowes, 08.01.07 Technical S,uperintendentMarta Szawejko, 16.01.07 SQE AssistantBy establishing Eitzen Chemical (USA)we welcome our new colleaguesLars Ridder Ebbesen, PresidentAage Rasmussen, Chartering ManagerOlav Ekeberg, Chartering ManagerRolf E. Klaeboe, Chartering ManagerAndrew C. Harrison, Chartering ManagerToru Inoue, Chartering ManagerJan M. Hansen, Chartering ManagerMatthew D. Ferguson, Chartering AssistantMagnor M. Skogvold, Operations ManagerCarl Otten, Operations ManagerKen F. Kesicke, Operations ManagerMichael Theodoseau, Operations ManagerWilliam D. Meier, Operations ManagerChris Charter, Operations ManagerKathleen Barta, Operations AssistantJoy Martinez-Wiley, Operations AssistantPromotionsEitzen Gas, Copenhagen01.01.07Jan Eghøj, General Manager, OperationNete Egebjerg, Senior OperationsManagerSøren Bækgaard, Chartering ManagerPierre Winther, Operations ManagerBettina Christensen, OperationsManagerRetirementLillian Christensen, Assistant inaccounts department Camillo Eitzen DK,Copenhagen has been retired 31.12.06.We wish her luck in the future.15

Eitzen Group in briefThe Eitzen Group comprises a wide range of shipping andnon-shipping activities represented by a number of companiesand subsidiaries around the world. Shipping activitiesform the largest part of the Group, providing a varietyof high-quality services and solutions through three stocklisted companies:- Eitzen Chemical- Eitzen Maritime Services- Camillo Eitzen & CoThe Eitzen Group owns, financially controls or commerciallycontrols around 180 vessels in the Gas, Chemical,Bulk, and Tanker segments. In addition, more than 40 newbuildings are on order. By the year 2010, the fleet will beapproximately 220 vessels strong.Eitzen Maritime Services has gone through a global rebrandingprocess, and now offers ship management andship supply services to a worldwide network of customersthrough its subsidiaries EMS Ship Management, EMS ShipSupply, and EMS Insurance Brokers.The Eitzen Group corporate office is based in Oslo,Norway, with the commercial headquarters in Copenhagen,Denmark. Altogether, the Group employs about 500shore-based personnel, conducting their business fromaround 40 offices across the world.The corporate and commercial headquarters will eachmove into new premises in Oslo and Copenhagen duringthe autumn of 2007 and spring of 2008, on Tjuvholmen,Oslo and Amerika Plads, Copenhagen respectively.The new Group Head Office Oslo, NorwayThe new Commercial Head Office Copenhagen, DenmarkFor more information about the Eitzen Group andfor complete contact details, see:www.eitzen-group.com