Quarterly December 2009
Transcription
Quarterly December 2009
ODFJELL DECEMBER 2009 www.odfjell.com ODFJELL QUARTERLY magazine In the last issue of Quarterly I opened by saying that I was concerned about our profitability. Today, three months later, I am no less concerned. Our markets have not improved, and the uncertainty associated with the alleged recovery of the world economy does not seem changed. Most of the experts and media write about the upturn of the stock markets but, even so, the pessimists talk about this being a bubble, soon to be punctured, basically because the upturn is unsustainable. I hope the pessimists wrong and that physical trading will increase, but at the same time realize we have to prepare for a negative scenario. Another aspect that has added to my concern is that we have again seen some costly incidents. During the last two months or so we have had a grounding, a collision and a serious machinery (rudder) break-down; the latter resulting in as much as 45 days off-hire. I’m being told nobody in our organization can be blamed for these incidents, but that makes you wonder! If these types of incidents are things we have to live with, that means our type of business is extremely risky and; it goes without saying that we are not even close to being equitably compensated for our services. Together with our Board of Directors in October we had an important strategy session and, just recently, we also presented and got approval of our budget for 2010. Both meetings were well prepared and documented, so my thanks and credit to those of you involved for the hard and detailed work associated hereto. But you are probably more interested in the outcome? Well, both the strategy and the budget meetings were CONTENTS Odfjell Quarterly EDITOR: Margrethe Gudbrandsen Highlights Saving fuel and the environment 04 EDITORIAL COMMITEE: Ellen Skagen, Brit A. Bennett, Tor Jürgensen Siri-Anne Mjåtvedt, Morten Nystad, Helge Olsen Marit Beate Simonsen, Theo Kruithof CORRESPONDENTS: SINGAPORE: Atle Knudsen HOUSTON: Rebecca Snyder Deadline next issue: March 1st, 2010 Design: Bruno Blanchard, Cox Print: Scanner Grafisk AS Cover: Odfjell Terminals (Korea) by night Photo taken by: Sang-Ki Lee Landmarks New storage capacity in Singapore 06 New jetty in Singapore 07 A historic day at OTR 08 Disappointing 3rd quarter results 09 Kværner goes Marimation 10 Record low sick leave rate at sea 11 Soon ready for a new intranet 12 QHSE on the agenda QHSE e-learning course 16 Stoczia Szczecinsica Shipyard. Photo taken by: Harald Skodvin Briefings Connecting with people the better and cheaper way 18 Sea and shore Ten years after 20 Autumn picnic in Korea 23 Bow Santos dry-docking in Durban 24 influenced by the fact that we are in the midst of the most severe crisis seen in shipping since the 70’ies. And let there be no doubt: accordingly we are strongly impacted, and we will have to continue our search for cost saving measures. Additionally we will have to reduce our fleet, basically by shedding some old and loss-making tonnage, besides, a continuous streamlining of our huge organization. So with all indications pointing in one and the same direction, namely that 2010 is going to be a difficult and challenging year (with our updated strategy and budgets being a reflection thereof) you may wonder what this means to you? In the last issue of Quarterly I said that we all have to work harder and smarter. And you know already that I’m committed to QHSE and that of our being super efficient, and that of trimming our sails in general. My concern is that we seem to have launched a number of systems and documents recently without being able to create sufficient enthusiasm and involvement by all. This is something we clearly need to change during the course of 2010. In January therefore, we are going to launch a special campaign with the purpose, to cater for and collect suggestions for improvements. The campaign will be named “Value for Money”, the idea being that we want each and every one of you to tell us about ways, individually as you see it, that may help Odfjell become more efficient. I’m convinced that you all see and know about things that can be done, so stay tuned to this campaign! And by the way: Good ideas will of course be rewarded. Otherwise I have to admit I have not been able to live up to my ambition, that of prior to the end of the year to spend another sea voyage onboard one of our ships. The excuse is of course that it has been all too hectic here recently. But despite being a little delayed, I’m at least targeting as of today to join the Bow Saga from Algeciras to Rotterdam the early part of January. 2009 will soon be history. Having the benefit of hind site it is obvious that we entered the year on a too optimistic note, and therefore that we would have acted differently, at least in some areas, if we had better predicted what was to come. But we have learned a lot, and will have to bring that experience with us into the future since, if you were in any doubt, there will also be a future. Whilst pessimistic, especially about our shipping services, the more long term picture remains positive, with the anticipation of solid growth of demand for our type of services for many years to come. So from my point of view it’s more a question about “when” as opposed to “if” our markets will turn more favourable, and thus make Odfjell a profitable business. In the meantime, our tank terminalling prospects seem keeping up. On that note, I wish to thank each and every one of you for your hard work and contributions during 2009. During 2010 I hope that we will be able to enhance our operating platform, and to prepare for the longer future. In the meantime, stay safe and, I wish you and your families a peaceful and enjoyable holiday season. Regards, Jan A. Hammer, President/CEO 06 10 In Society Reflections from Asia 26 14 Customer Business talks over hats and horses 27 Personnel 28 Fleet and terminals 30 Offices and addresses 32 08 NR.04/ 09 Dear Colleagues, 3 HIGHlightS ODFJELL QUARTERLY magazine Odfjell weather routing trial findings: - Concept trial run autumn 2008 - Three Odfjell vessels tested external weather routing - Used feedback from masters when establishing procedures to Odfjell requirements - Reporting should be kept to a minimum - Route recommendations will be made visual - External weather routing shall be an assistance to the master – not an extra burden. - IMO and DnV: Weather routing generates 2-5% fuel savings - Vessels using external weather routing experience more calm weather than on non-routed voyages. Weather routing potential yearly: 4 4,000-20,000 tonnes reduction in fuel consumption Emission savings of 60,000 tonnes of CO² Emission saving of 1,100 tonnes of SO² Calm weather eases the voyage The experts at ATW consist of meteorologists, oceanographers and former masters Erik Hjortland, Fleet Performance Analyst. Saving fuel and the environment - Odfjell introduces external weather routing By Margrethe Gudbrandsen - Weather routing will probably save Odfjell between 4,000-20,000 metric tons of fuel annually, representing a cost reduction in the million dollar range and also substantially lowering our CO² and SO² emissions, says Erik Hjortland, Odfjell Fleet Performance Analyst. In September, Odfjell decided to use weather routing for voyages longer than five days with start-up in November/December. Safer sailing route Weather routing assists the master in finding a safe and efficient sailing route and thus, reaching the highest fuel efficiency during transit between two ports. By us- ing weather routing vessels will navigate to avoid heavy streams, high sea and rough weather, thereby also giving a safer journey to crew, cargo and vessel. Today the Odfjell managed vessels use an on board weather routing software programme called MetManager. The master receives information such as weather and current forecasts, and plans the route based on such information. - MetManager is a very good tool, but the data resolution is lower than what a weather routing company can offer. This is mainly because of the enormous amounts of data being processed to generate this kind of resolution, which the on board computer cannot store and process. w w w . odfjell . com This is one of the reasons why we will start using external routing, says Hjortland. External routing External weather routing is conducted by large organizations manned around the clock all year long, solely focusing on analyzing and processing weather and currents data. Based on this they recommend optimal routes. The supplier we have chosen, Applied Weather Technology (AWT), derives weather data from a large number of official meteorological sources. AWT`s expert staff, with extensive experience in all ocean basins and with all major ship types, interprets and brings these data together to provide the best possible weather routing information and guidance to assist ship masters from initial planning to the end of a voyage. - It has been very important to us that the route recommendations provided to our masters shall not be based on a computer generated route alone. The experts at AWT, consisting of meteorologists, oceanographers and former masters, therefore add a very important human touch to this. It is the combination of MetManager and the external weather routing that will provide the best value for money, says Hjortland. Vessels on external management will therefore be offered to install a similar software as MetManager, called BVS. Optional use The route recommendations from AWT will, together with text explaining the rationale behind it, be forwarded to the ships as files ready to be visualised in MetManager/BVS. The master can then run weather forecast and simulations in MetManager/BVS to check and validate the recommended route. Whether he chooses to reject the route, to adjust it or to use it as it is, AWT will be there to assist and support by issuing weather forecasts during the voyage. If necessary they will also provide updates to the route recommendation. - The key here is communication and trust, and masters have access to AWT`s 24 –hour Master Hotline, for discussions and advise, states Hjortland. Masters need experience So far only three Odfjell vessels have tested external weather routing and thus, the experiences are yet limited. - Several captains welcome such a system, especially now that we have made adjustments in the procedures, making the tools simpler to use and reduce the time spent on planning an optimal route. On the other hand, some captains still seem to believe that they will be routed into more rough weather, thus giving less time at sea for deck maintenance. However, by comparing actual voyages completed by our vessels with the routes recommended by weather routing companies, we find that the recommended routes in general are in areas with more favourable weather conditions. Obviously one cannot always have calm weather, but AWT will strive to find the best available conditions as this improves our vessels’ speed performance, explains Hjortland. Customers’ requirements The increasing awareness of the global cliodfjell quarterly maga z ine mate impact of greenhouse gases, and CO² in particular, is a factor when selecting the less environmentally detrimental way of transportation. - Our customers will appreciate that we become more fuel-efficient as a result of our use of weather routing services. The safety aspect is an added benefit, Hjortland points out. Limited but positive experience So far few Odfjell captains have tried out the new external weather routing service. Captain Jan Kåre Næss on Bow Sea has tried external weather routing three times. The two first times ten years ago with another provider where the experience was not that good. The third time he tried the service with ATW with a much better result. - Their first choice of route I rejected, but I have to admit that they gave a splendid service so far with the route I chose, Næss says. NR.04/ 09 External experiences: 5 NR.04/ 09 LANDMARKS ODFJELL QUARTERLY magazine 6 Tanks at Oiltanking Odfjell Terminal Singapore Bow Arar was the first vessel to call the new Jetty 10 at OOTS New storage capacity in Singapore By Bay Chin Hao In September this year, Oiltanking Odfjell Terminal Singapore (OOTS) successfully completed the final phase of its expansion. The tank farm Chem 6, comprising 18 tanks ranging from 1,600 to 6,700 cbm and with a total capacity of 59,800 cbm, was commissioned, bringing OOTS’ overall storage capacity to 365,000 cbm. This expansion of over 150,000 cbm represents an increase of capacity of more than 70%, thereby attaining improved economies of scale that will also benefit our customers. Plus a new jetty A new jetty (Jetty 10), designed with a maximum displacement of 55,000 Dwt, was also added to support the additional business associated with the expansion. OOTS’ configuration and capabilities have been en- hanced and as a result, now offers an even more comprehensive range of tank sizes in a variety of designs, capable of handling a wide range of chemical products. The ample waterfront with five jetties up to 80,000 Dwt maximum displacement, makes the terminal well equipped to serve the surrounding petrochemical industry and the break bulk and hub needs of producers and traders alike. Broad services Situated at the southeast tip of Jurong Island in the Seraya/Merbau sector, OOTS is ideally located to support the earmarked ethylene oxide and propylene oxide corridor and other petrochemical plants in the vicinity and beyond. To help ensure that OOTS continues to play a valuable and efficient role in the industry, it has strengthened its portfolio w w w . odfjell . com of services at the truck loading bays and its jetties in particular. Its efficient waterfront is supplemented by various ship services including bunker supply by pipeline and double banking capability, the only location in Singapore approved by the Singapore Marine Port Authority for such an activity. OOTS remains committed to continually strive to optimize its assets and add value to the industry. With the growing needs of the petrochemical industry in general and in particular the focus of Middle Eastern producers on Asia Pacific, OOTS shall strive to remain a valuable and reliable partner to serve both the likes of chemical downstream production plants and companies who choose Singapore as their hub for Southeast Asia, India, South China and beyond. 7 new jetty in Singapore By Jone Abotnes The new Jetty 10 at OOTS can accommodate vessels up to 55,000 Dwt displacement, maximum LOA 200 metres and a beam of up to 32.5 metres. The maximum draft is 12.5 metres. Presently the jetty can handle up to ten product grades simultaneously. The berth will also be handling propylene gas in the near future. The new jetty is equipped with the following shore lines for cargo handling: • 15 x 6” lines • 5 x 8” lines • 1 x 12” line • 1 x 4” line for receiving MARPOL required prewash • 3 x 6” vapor return lines, of which one is made of stainless steel Three of the cargo lines are made of stainless steel. The jetty is constructed with a double sump system: one wet sump for receiving rain water and surface run-off water, and one dry sump for receiving chemicals drained from the various drain points on the shoreline for cleaning and draining purposes. A more flexible terminal As with the two existing jetties, Jetty 11 and Jetty 12, Jetty 10 will also be able to deliver heavy fuel oil (HFO) and marine diesel oil (MDO) ex-pipe. This will expand the terminal’s capacity to quickly and safely provide any ship calling the three docks with quality bunkers. Jetty 10 will also be able to handle double banking for direct ship-toship cargo transfer, identical to Jetty 11 and Jetty 12. The three jetties are interconnected by loop lines, which allows the terminal to handle cargoes for a range of customers at odfjell quarterly maga z ine one single berth. The terminal will be able to supply fuel to vessels concurrently with cargo operations at all three berths. This greatly enhances the operational flexibility and efficiency and thus, minimizes possible congestion on the jetties and reduces port time for the ships. Jetty 10 will be connected to the bunker system early 2010. The new jetty will, as the other jetties, also be able to provide vessels with fresh water and nitrogen for tank purging purposes. Furthermore, it is now also possible for the ships to take on board stores and provisions while alongside OOTS’ jetties 10, 11 and 12, pending prior application and approval. LANDMARKS ODFJELL QUARTERLY magazine Quay 11 seen from the bridge Vessel transactions third quarter 2009 New vessels • Bow Victor, 33,190 Dwt, built 1986. Sister vessel of Bow Viking • Bow Tone, 33,600 Dwt, newbuilding. On long term time charter Sold • Bow Pioneer, 23,000 Dwt, built 1982. Time charter back for a shorter period Even bigger when you’re on the water Disappointing 3rd quarter results Proud colleagues First rope ashore Another 40 metres to go The time charter result for our vessels decreased by about 15% the first nine months 2009 compared to the same period last year, and the average cost of bunkers in third quarter 2009 increased by about USD 50 per tonne compared to the second quarter. Fluctations in currency exchange rates and changes in the market value of financial instruments related to fixed purchase price for bunker and currency increased our equity ratio to 30.7%. A historic day at OTR By Theo Kruithof After several years of development, on October 7 the new Quay 11 at Odfjell Terminals Rotterdam (OTR) was officially inaugurated, as the product tanker Salamis moored alongside the new quay. The project has almost been a back breaker for many. Even during the last couple of weeks before the completion intense efforts were made to finalize the project and get the quay mechanically complete and operationally ready. Ready for action Finally the day had come. Standing in anticipation Odfjell spectators witnessed the accurate job of the harbour pilot, as the vessel was safely moored. The shear wall of an empty 183 metres long tanker really impressed the spectators alongside. Once the ship was securely fastened, OTR’s Shift A enthusiastically started connecting the loading arm and vapour return hose, a job done in no-time. Few hours later, the first product transfer at Quay 11 was initiated. Important development - This new berth is of great importance for our Rotterdam terminal. The terminal’s throughput and waterfront activities have substantially increased during the last couple of years, causing over-utilization w w w . odfjell . com Odfjell’s third quarter 2009 net result was a loss of USD 6 million. Tank terminals continue to perform very well, partly on solid demand for storage globally and partly on increased capacity. The parcel tankers earnings are challenged by an extremely weak market for clean petroleum products and increased bunker costs. of our existing jetties. With this new berth we expect to shorten turnaround times of ships, reduce demurrages and improve our service. The OTR management wishes to thank and recognize all employees involved for their determination and perseverance to successfully bring this challenging project from initial idea to initiation of operation, says Mr. Geert Eijsink, Managing Director of Odfjell Terminals (Rotterdam) B.V. Uncertain outlook The global economic outlook continues uncertain. - In our industry, with an oversupply of chemical tankers, higher bunker prices and a devaluing dollar, we find it difficult to predict much improvement in the short term. Most of our customers talk about several years of low growth, even though some of our tradelanes are doing reasonably well. The balance between supply and demand will likely start to improve in the second half of next year, through a combination of increased demand, of vessel recycling and cancellation of vessels on order, says Haakon Ringdal, CFO. The tank terminals around the world are still going strong. This is expected to continue next year and with the additional terminal capacity coming on stream, 2010 will likely become better, helping along a positive overall company bottom line. Odfjell bond issue Odfjell has been present in the bond market since 2005. Today we have three bonds in the market, two NOK bonds maturing in 2010 and 2011, and one SGD bond maturing late 2011. As the financial markets have FACT A bond is a formal certificate of indebtedness issued by governments or business corporations in return for loans. It bears interest and promises to pay a certain sum of money to the holder after a definite period. • Bow Asir, 23,000 Dwt, built1982. • Bow Arar, 23,000 Dwt, built1982. By Tom A. Haugen 8 Cancellation of time charter started to normalize, we decided to offer a new NOK 500 million bond maturing in 2013. The proceeds from the bond will be used to repurchase parts of the 2010 and 2011 NOK bond and to secure liquidity for other investments. With the help of DnB NOR Bank ASA, the bond was sold in less than 1 ½ day to about 30 different investors. - We are pleased with this investor confidence in Odfjell, says Haakon Ringdal, CFO. odfjell quarterly maga z ine NR.04/ 09 • Bow Hunter, 23,000 Dwt, built 1983. Time charter back for a shorter period Bow Viking’s sistership Bow Victor was acquired 1st September 9 Odfjell takes over pool management of intra – European trades Odfjell has decided to take over the pool management of the joint-venture Odfjell Ahrenkiel, and we will relocate it to Bergen, Norway within end of January 2010. Today the pool is operated and managed from Hamburg. The name of the pool “Odfjell Ahrenkiel” will remain no longer than March 31st 2010. - Odfjell’s commitment to regional European trade stands, and we will remain focused on strengthening and further developing our presence and services in this area, says Arild Viste, VP Chartering Transatlantic & Logistics. NR.04/ 09 LANDMARKS ODFJELL QUARTERLY magazine 10 Amanda Aksnes, Social and Welfare Officer Record low sick leave rate at sea Electrician Bernardo M. Dela Jr. on Bow Flower operates the new automation system VL1 Kværner goes Marimation The sick leave rate among Odfjell’s Northwest European seafarers is now record low, with an average sick leave rate of 3.7%. As a comparison, this is nearly half the average for Norway during the second quarter of 2009. New engine monitoring and control system for the Kværner Class By Gunnar Eide The first five Kværner vessels were all originally equipped with an Autronica engine automation system to monitor and control the main engine, the auxiliary engines and other systems in the engine room. Today these systems are soon 15 years and difficult to maintain due to lack of knowledge among service technicians around the world and spare parts that are both expensive and hard to find. Developed in close cooperation Late 2008 Odfjell Ship Management signed a contract with the Swedish company Marimation AB, to deliver and install their automation system VL1 to these five ships. The first vessel, Bow Flower, got the system installed during drydock in Bahrain last June. Bow Riyad, Bow Mekka, Bow Clipper and Bow Fagus will follow during their respective drydockings in 2010. The VL1 system was developed in close cooperation with the Odfjell Ship Management Technology Section. To get a system that is simple and easy to maintain at a low cost, it is based on regular industry standards widely used around the world. The main program runs on a SAIA PLC and the user interface is programmed in WonderWare. chief engineer’s office. The look and feel of the new monitoring system is also kept as close to the old system as possible. Alarms come up on the screens in the same manner as before, so the crew can start using the system right away. Few problems In October, after running the system on board Bow Flower for three months, we had an evaluation meeting on board. The crew had experienced few start-up difficulties and surprisingly few problems after installation. This is quite an achievement, as it is rather a complex upgrade involving more than 500 sensors reconnected to the system. The system is operated in the same way as the old one, applying two displays in the engine control room and one display in the w w w . odfjell . com Details from the automation electronics Physical activity may contribute to reduced sick leave World-wide pandemic flu assessment In order to get an overview of the current pandemic situation, a pandemic flu assessment was sent to all Odfjell locations world-wide. The response was very uplifting with only Headquarters in Bergen having any reported cases. It is also important to note that the cases in Bergen have been of such a small scale that it has not been interrupting the daily running of the business. As these results are per mid November, an update will be requested from all locations in the beginning of December. - There may be several reasons for the positive development, but close follow-up and dialog with those on sick leave and measures to foster an including working environment are important causes, says Amanda Aksnes, Social and Welfare Officer at the Crewing section in Bergen. what is happening both at work and at home, says Aksnes. An including working environment The concept of an including working environment originates from the cooperation agreement with the Norwegian Labour and Welfare Administration to foster a better work environment. The idea behind this agreement, which Odfjell Maritime Services AS signed already at the beginning of 2008, is to turn a trend with an increasing number of people taking long-term sick leaves or leaving the workforce entirely. Sick leave follow-up Odfjell’s Northwest European seafarers on sick leave are being closely followed up by the Social and Welfare Officer through meetings, telephone calls, e-mails and sms messages, even more than what is mandated by the government. Close cooperation between the company and the seafarers is crucial for finding solutions to avoid sick leaves and to minimise time off. - In our contact with the mariners it is important to see the whole person, to understand feelings, emotions and reactions, and also to take into consideration odfjell quarterly maga z ine The Including Working Environment agreement shall contribute to: • Improved working environment to the benefit of the individual employees, the organisation and the society in general • Reduced sick leave and less people on disability pensions • Better use and development of the individual person’s resources and capacity in active work 11 LANDMARKS ODFJELL QUARTERLY magazine The new version of the Odfjell website will go live mid December. The new corporate website will have a new graphical design, with a restructured and updated content. – We will constantly improve the website as the technology we have chosen allows us to further develop our Odfjell Website when we like, says Margrethe Gudbrandsen, Communication Manager. From left: Frode Stornes, Silje Solvang, Geirmund Drivenes, Margrethe Gudbrandsen, Klaus Walderhaug, Ellen Skagen, Matt Duke and Jan Peder Arnesen represent the intranet editorial committee in Bergen. Theo Kruithof Odfjell Terminals (Rotterdam), Odfjell Terminals (Houston) and Inessa Jong Cheng Gob Odfjell Singapore are correspondents committee. A more vivid information sharing intranet Our vision for the new intranet is that it should be the most important common and efficient communication channel for employees at Odfjell. To reach this vision an intranet editorial committee has been established. Example of a suggested sketch of the new website 12 Soon ready for a new intranet These days Odfjell’s new intranet is under development. Odfjell Quarterly has spoken with Project Manager Arne S. Helgesen of the ICT Business Application group, to learn more about the project. First of all, why do we replace the existing intranet? - Actually we are replacing three intranets, the local intranets at the terminals in Rotterdam and Houston and the corporate intranet and merging them into one. There are two main reasons for introducing a new intranet: Firstly, the current technical solu- Project Manager Arne Sletten Helgesen. tion is outdated. Secondly we are aiming at building one common intranet platform for the entire Odfjell organization. We believe the new intranet portal offers the potential to increase the users’ ability to perform their jobs faster, more accurately, and with confidence that they have the correct information. Hence, in addition to introduce this first release we need to look at how the intranet is managed, content ownership is the key here, says Helgesen. Progressive development The new intranet will enhance all the functionalities we have on the existing intranet, but we are not closing the door on new functionalities. - Our goal is to keep development costs at a minimum. By doing so we make the scope more manageable and we also think this is a reasonable large step for Odfjell. Our philosophy is to move forward with several smaller steps, rather than one huge leap, explains Helgesen. What can you tell us about the technical solution? - The new system is built on the platform SharePoint 2007 from Microsoft. The positive effects from using a platform rather than developing it from scratch are many, but in short it is cost effective and has proved to be w w w . odfjell . com more reliable. It also makes future upgrades more straightforward, informs Helgesen. A cost effective project How is it to run a project during times when we are looking into all options for reducing costs? - We have made several adjustments in order to make the project most cost effective. For instance we are limiting travelling to a bare minimum. Instead we are using Microsoft Live Meetings that lets us share video, sound and applications, which has proved to be very effective. The objective of this committee is to make the content on the intranet vivid, securing the effectiveness of the communication channel through important updates and information as well as using it as a culture builder within the Odfjell group. The committee consists of eight members from the head office in Bergen representing different departments, with correspondents in Rotterdam, Houston and Singapore. The main task is to share news from the whole organisation; meaning news from bottom-up, top-down and across the organisation. The committee meets every forth-night and agrees on an editorial plan for the next two weeks. – We will appreciate that employees share their information and news whether it is about a new project, goal achievements, success stories etc., says Margrethe Gudbrandsen, Communication Manager in Odfjell. Odfjell intranet and daily internet news on board By Gunnar Eide The need for being updated on company information and daily news is of course the same on board as ashore. As a consequence, Odfjell Ship Management has started a project together with Odfjell ICT department to replicate Odfjell intranet and a few internet based news services on board. The news replication service gives us the possibilities to replicate web content on board on a daily basis via standard Inmarsat satellite communication equipment. The data is updated once a day and is available at the ship office computers as soon as the captain connects to the Bergen office to transfer the regular data and mails. The system can also be used to synchronise file shares and collaboration sites between our offices and ships. In addition we can utilize this to get a better integration between information systems on board and ashore. tional and local news. Captain Monrad Solli on board Bow Favour confirms this, saying that the news service is both used and appreciated on board. However, he would also like to see more applications working on the intranet portal, like Otis and crew lists. The replication service can be extended with more or other news services, but the goal is first to get the service on board. Our ICT support co-workers in Houston, Singapore and Rotterdam will do their best to make sure that all Odfjell managed vessels will get the news service installed on board as soon as possible. 13 More news In addition to providing vessels with the Odfjell intranet, we have chosen to replicate the mobile editions of the international BBC News, the Norwegian Aftenposten and the Philippine Inquirer. We think this is a good combination covering most of the interna- BBC news front page as it is presented on board. Soon ready Finally, when can we expect to see the new intranet? - The project team is right now in a very challenging phase where we focus both on the new website and the new intranet. We plan to have the solution ready by the end of January 2010. However, before launching the new intranet we need to test it and train support staff and members of the editorial committee. In addition we have to migrate the content from the existing to the new intranet. In total we expect to use a minimum of six weeks, which means that we plan to go live with the new intranet mid March next year. A new name for the new Odfjell intranet? The intranet editorial committee invites all employees in Odfjell to suggest what the name of the new Odfjell intranet should be. Please send it to: margrethe. [email protected] within 15. January 2010. Nils Andre Veivåg, Deck Trainee on Bow Favour, is using the new web replication service. odfjell quarterly maga z ine NR.04/ 09 New Odfjell website going live (www.odfjell.com) LANDMARKS ODFJELL QUARTERLY magazine Successful rebuilding of main engine By Oddvin Ertesvåg 14 Bow Master and Bow Cedar during ship to ship operation in Ulsan Flawless operation in Ulsan In September Bow Master and Bow Cedar had a swift and successful discharge of Hexamethylenediamine 98% (HMD) in Ulsan. Thanks to excellent cooperation between the Odfjell crew, Odfjell operations, the Odfjell terminal and the agency, Odfjell could do a rush transportation for our customer Invista. The cargo HMD was originally loaded on board Bow Cedar, but as the HMD suddenly was needed urgently in a plant in Singapore FACT • HMD is produced from adiponitrile. • Main use is for special polymers such as Nylon and Kevlar. • HMD is very sensitive to oxygen. to maintain its production, Odfjell had to turn around quickly and offered Bow Master for the transfer. Hence a ship to ship operation between Bow Cedar and Bow Master had to take place. Excellent teamwork Prior to the ship to ship operation, the Odfjell Operations and Chartering departments both at Bergen and Singapore, exchanged information with Invista for best location and safest handling. When location was decided, Invista appointed Sam Ford in ChemCoast as their supervisor. ChemCoast, Odfjell Terminal Korea (OTK) and the Odfjell Korea, Ulsan agent established contact and settled various operational issues and requirements. Just in time Bow Master arrived well prepared, and w w w . odfjell . com passed with only minor comments during the ChemCoast inspection wherafter she left OTK for anchorage, waiting for Bow Cedar. The day came and Bow Cedar arrived well prepared for the operation. After a successful ship to ship operation Bow Master sailed for Singapore and delivered the cargo in best manner and quality, just in time. Everything is possible - I would like to thank all involved in this operation. It shows that our company has expertise and the necessary right spirit of all levels. This enables us to show our customers that we can do more or less what they request, even if it is very challenging, says Jan Harald Otterskred, Odfjell’s Port Captain in Northeast Asia. Bow Cecil was initially equipped with a conventional camshaft operated engine “C”. However, in addition the required “E” equipment was also installed, making it possible to alternate between conventional and electronic engine control. In November 2000 the “E” system was put into service, whereby the ship had the first two stroke main engines in the world making it possible to electronically control fuel injection and exhaust valves. In 2007, after 35,000 hours of service, the trial “E” system approached the end of its lifetime. As the lifetime initially was expected to be 15,000, the additional 20,000 hours convinced Odfjell to go for a permanent “E” solution. Consequently, Odfjell and MAN B&W started discussing plans and prospects for an improved main engine control system. Early 2008, the new ME-B concept (“E-B”) was ready, entailing the same benefits as a regular “E” but also offering some new and additional advantages. The “E-B” means electronically controlled fuel injection and camshaft operated exhaust valves, while on the E-engine both aspects are controlled electronically, only. The first initial steps towards the “E-B” were taken during Bow Cecil’s second class NR.04/ 09 Since delivery in 1998 M/T Bow Cecil has been a trial-ship for the so called MEconcept (“E”) developed by the engine builder, MAN B&W. The “E” concept allows the main engine to run without a camshaft in operation. On conventional engines (“C”) the camshafts runs with the engine, and physically operates fuel injection and the exhaust valves. 15 By the main operation panel. From left: 2E Anders Lihaug Leine, Technical Superintendent Oddvin Ertesvåg, Chief Engineer Kjell- Magne Christensen and Lennart Wahl/Lars Bye from MAN B&W. renewal in Bahrain, October 2008. Outdated equipment from the trial “E” version was removed from the engine room, and new computers, main and auxiliary operational panels, cylinder lubricators with related equipment and main control cabinets were installed and made ready. During sea passages following the dry-docking, some 2,000 metres of new cabling were pulled, strapped and connected. The electric/hydraulic power station was rebuilt and overhauled, giving new and higher rated motors with improved capacity. To the starting air distributor drive, double sets of encoders for precise monitoring of crankshaft positioning were installed and connected. Finally, in Rotterdam in August 2009 the Main benefits of the ME-B system (compared to a “C” engine): • Lower specific fuel oil consumption and better performance parameters thanks to variable electronically controlled timing of the fuel injection. This also reduces the CO² emissions. • Appropriate fuel injection pressure and rate shaping at any load. • Improved emission characteristics, with lower NOx, and smokeless operation. • Easy change of operating mode during operation. • Control system with more precise timing, giving better engine balance with equalized thermal load in and between cylinders. • Lower rotational speed possible for manoeuvring. • Integrated Alpha Cylinder Lubricators that give a considerably saving in cylinder oil consumption. • As an additional upgrade of the engine fuel oil injection valves of latest design “Slide valves” have been mounted to reduce carbon formations and emissions. • The system is up-gradable to software development over the engine’s lifetime. odfjell quarterly maga z ine project was brought to its completion and the engine started in its new mode. As the system relies on the setting of some 1,500 different parameters, obviously finetuning was needed. However, within short the world’s first conventional L60ME-B engine in service could be declared operative. After leaving Rotterdam, the sea passage to Tarragona was well used for further finetuning and adjustments. The two engineers Lennart Wahl and Lars Bye from MAN B&W have followed and guided us in an excellent way throughout the whole project. Odfjell would like to express sincere and well deserved thanks to them both. ”E-B”- engine - main control cabinet. QHSE ON THE AGENDA ODFJELL QUARTERLY magazine QHSE ON THE AGENDA ODFJELL QUARTERLY magazine QHSE e-learning course How has it been received so far? By Åshild Hestetræet In the June 2009 edition of Odfjell Quarterly you could read about the new and updated Odfjell Common Competence course, containing a new chapter dealing with Quality, Health, Safety and Environment (QHSE). Training performance record book As the course has now been available for about two months, we interviewed five employees from different locations to learn if the course has achieved its intended goal, which is to increase the knowledge and awareness of QHSE in relation to the daily work. A result will hopefully be fewer accidents, less rework, high quality performance and enhanced efficiency. 16 - Monitoring on board training and performance By Candice Marie R. Calais The questions 1. How has the course influenced your attitude and perception of QHSE in relation to your work? 2. Are there any elements in the course that you would like to emphasize, in which case what? In a dynamic and fast paced industry as seafaring, continuous training of crew on board as well as ashore is a vital element to ensure that our vessels are manned with competent and qualified crew at all times. In Odfjell, competence assessment, skill gap analysis and tailor made training programmes provided to our crew prior vessel assignment allow us to meet the objectives. The management group in Singapore are being presented the QHSE course Training Performance Record Book Jessica Thomas Johan Halle LEO VAN RIJ Gunnar Mjaaseth Edison Agra Secretary, Melbourne Chartering Manager, Singapore C-Operator, Rotterdam Building and Maintenance Supervisor, Bergen 2nd Officer Bow Querida 1. It has taught me to think about causes and effects globally - not only locally, to look after my own safety and care for my colleagues. 1. I have learned more about how QHSE is performed in terminals and on board ships, and have increased knowledge and understanding of what Odfjell adds to the QHSE policy. 1. My awareness of QHSE has grown. But QHSE is already a part of my attitude and not only in my work. I would say that QHSE is an integrated part of my daily thoughts. 1. I think safety every day, but this course gives a clear and good reminder of how important it is to do that. 1. I thought the course was very informative, and I became confident that my work on board is performed in a safe manner. 2. The way the course communicates the importance of keeping focus on safety in relation to your work. 2. This course shows in a good way how important it is to follow all procedures on board. This is a good way of reminding everybody of the importance of doing so and showing the possible consequences of not following procedures . 2. Experience feedback. Being a small office we are sometimes unaware that an unusual incident has occurred until it is over or when it is mentioned on the intranet or published in the Quarterly. In particular not a lot is said about how the risk or incident was managed and resolved. To broaden knowledge and awareness of potential risks and incidents, it would be interesting to hear feedback from personnel assigned to assess and expedite resolutions. 2. I would like to point out the absence of linking the quality part of the work performed by the office personnel to the work performed by the seafarers and terminal workers. In particular how this work has a direct influence on the health and safety of the seafarers and terminal workers. This is also an important part of the QHSE policy of the company as a whole, and I would have liked to have this presented in the course. 2. The course was good, but it is also important that the crew of Odfjell refreshes QHSE matters on a regular basis, and that we have regular practical QHSE audits on the work floor. w w w . odfjell . com When Odfjell consolidated and strengthened its operations in the Philippines in 1999, we realized the need to identify and monitor crew performance both for their current rank and possible higher position. The reference at that time was the Training Record Book (TPRB) by the International Shipping Federation (ISF) issued and limited to all cadets. As we consider hiring applicants for petty officer positions, especially electrician trainees, it became apparent that a similar record book should be made also for other positions. The intention was that the crew should bring the checklist on board, and the immediate superior/training officer should use this checklist as a guide to the crew’s familiarization and training on board. As this exercise proved to be a useful tool for electrician trainees, Odfjell Academy expanded the checklist to a record book for all petty officer positions including deck and engine officer late 2006. This book is now known as the Training Performance Record Book (TPRB). odfjell quarterly maga z ine The TPRB was primarily established to provide a structured guide for crew who aim to assume higher positions in the future within the Odfjell fleet. The book further provides a methodical approach in identifying the specific skills and knowledge areas that needs to be further developed before promotion. It is also used as a supplement for shore management to record and monitor performance of the crew as he/she progresses from current rank to the next. Time for revising In late 2008, Intertanko introduced the Tanker Officers Training Standards (TOTS) which basically aims to provide a systematic method of gaining specific experience at different ranks and include various methods to verify that experience, similar to Odfjell’s TPRB. When TOTS and the Computer Based Assessment were disseminated to member companies in early 2009, it was timely for Odfjell to slightly revise its TPRB. TPRBs used today by our crew not only adhere to the TOTS but also comply with Odfjell standards and requirements. As of date, we have retrieved 181 TPRBs which were returned with completed entries. With this retrieval rate, we have committed to increase awareness among vessels, crew and other Odfjell offices in order for the objectives and goals of the TPRB to be met. NR.04/ 09 Cover pages of the TPRB. Feedback so far 17 briefings ODFJELL QUARTERLY magazine BRIEFINGS ODFJELL QUARTERLY magazine By Matt Duke Microsoft Office Communicator contrubutes to a more efficient communication. 18 Increasingly, people and teams are more dispersed, working in different time zones and communicating in different ways. Knowing when and how to contact a person can be challenging. In order to assist our staff in managing this challenge, and also to offer free voice calls between offices, Odfjell ICT will shortly be deploying Microsoft Office Communicator. This software could be thought of as a corporate version of Yahoo Messenger and Skype. The tool allows our staff to use a computer headset to talk to each other for free over our network, initially between Bergen, Rotterdam, Singapore and Houston. The other offices will follow later. Faster and efficient Office Communicator allows us to see each other’s “Presence information”, that is to say if we are available, in a meeting or out of office. This is a very useful feature as it allows you to see if your college or customer, if they have Office Communicator, AOL, MSN or Yahoo messenger, are online or busy, so you can send an instant message or ask if they are available to take a call. Massively reducing email traffic and allowing you to get to the person you need in the shortest time, aiding you in getting the information you need to make a decision. So when getting an email or document, if you have questions you will be able to immediately get answers to them if the author is online. Jan Peder Andersen Away Arne Sletten Helgensen In a meeting Tor Jürgensen Avaliable Thoroughly tested We have been testing the solution in ICT for some months and have had very good feedback from the staff who have tested it locally and abroad. All messages sent by the system are encrypted and archived safely. We are also testing the video capabilities of the software, where you can have a video conference right from your PC to any of the other staff in the Odfjell cloud. This may be a feature that is particularly useful for project groups. By using “Live meeting” it is possible to have a virtual meeting room to share voice, video, files and presentations. Our staff will be given training and advice on how best to use the product before we roll out the solution early next year. We hope the tool provides an effective and simple way for our customers to communicate, and that in keeping with the current economic climate, people will use the solution for free internal calls in the Odfjell network. Also on laptops The software can also be installed on our laptops, allowing staff the ability to call into the office for free, when connected to a wireless internet access point on travel. Once you logon from your laptop it will be just like you are in the office. Your global network of colleagues and partners will see that you are online and able to communicate. Your presence information will be visible in many of our applications like SharePoint, Intranet, Office and of course email. Geert Eijsink in person. Should the project be successful, Odfjell ICT will evaluate the next stage of integration of the solution, where calls could be made anywhere in the world at the minimum cost using the communicator platform and an integration to the corporate phone systems. In the meantime there will be significant savings to be made if our staff starts to use Office Communicator between Odfjell offices. Training day in Rotterdam By Bente Stangeland Six brokers from Bergen participated in the Tank Terminal Training day at Odfjell Terminal Rotterdam on November 18, 2009. On arriving at the Terminal we were greeted by Mike Beviss who gave us a short introduction of Odfjell Terminals (Rotterdam). Theo Kruithof gave a general presentation of OTR, the terminals’ activities and the terminals’ impressive infrastructure. This was followed by a detailed overview of Odfjell Terminals Maritiem and PID. We were all impressed by what PID is actually capable of doing. The next session was with Patrick Wermeester who briefed us on Odfjell Netherland B.V. and the science of transhipment efficiency in Rotterdam. He also gave us an overview of all the barge and coaster owners. During lunch at the OTR canteen we met more of the OTR staff including representatives from Sales, Customer service and Planning. After lunch we all got our safety gear on before we paid a ship visit to Bow Hector that was at berth at Odfjell Terminals Maritiem (OTM). We got a guided tour of the OTM and OTR control room, the laboratories and the terminal in general. Laura Vos and Mike Beviss rounded up the training day with a presentation on the commercial differences and similarities between terminals and shipping, and the importance of communication and cross selling between the terminal side and the tanker side. The group in the engine room on Bow Hector Ship visit on Bow Hector. From left: Mike Beviss, Robert Nesvold, Andreas Lillejord, Henning W. Nielsen, Bente Stangeland, Andreas Haukaas, Siv T. Remøy and Patrick Wermeester. Cooperation between ship and shore – Officers’ Councils By Helge Olsen Close and good cooperation between ship and shore is a necessity for successful handling of our future challenges. The Northwest European Officers’ Council has proven to be a valuable vehicle to cater for such cooperation. The Council shall facilitate cooperation between personnel on board and ashore, primarily by exchange of information and ideas. The 2nd annual meeting of the Officers’ Council was held November 3rd at the headquarters in Bergen. Dan Odfjell, our company’s Chairman, was specially invited by our President/ CEO Jan A. Hammer. Mr. Odfjell presented our company’s policy in respect of mariners and also conveyed his views on the global recession and especially how this has and will continue to impact our own company and business. The officers highly appreciated being informed, which triggered a frank discussion followed by everybody around the table talking freely about our current challenges, in the context of what cost reductions are possible, fair and defendable both short-term and in a longer term perspective. As from 2010, we also plan to establish a Filipino Officers’ Council with the same objectives to contribute to better cooperation between personnel on board and ashore. The terminal training day was indeed very well organized and informative. We were all impressed by the magnitude of the terminal activities and all its business units. At the end of the day our main objective between the terminal side and the tanker side should be to improve communication in order to open up more business opportunities for all parties. We feel this training day was a good step in that direction. The Officers’ Council at the meeting 3rd November. From left: Head of Ship Management Helge Olsen, Manager Maritime Personnel Section-Bergen Bjørn Åge Veivåg, Captain Otto Vollan, Chairman of the Board Dan Odfjell, Captain John Erik Steffensen, Chief Engineer Otto Ånneland, Captain Runar Reinholdsen, Chief Engineer Runar Oen and President/CEO Jan A. Hammer. odfjell quarterly maga z ine From left: Asheesh Agaewal of Innovation Norway, Sudesh Kamath and Manisha Desai at the Indian Shipping Summit. Photo taken by Pinaki Routray, Trade Winds. Odfjell India in Indian Shipping Summit Manisha Desai and Sudesh Kamath represented Odfjell India in the Indian Shipping Summit in Mumbai late October. The ongoing global shipping crisis and its effects on the Indian industry was the major theme of the conference. The Indian Shipping Summit served as a forum to address the most topical issues affecting India’s shipping industry, such as port infrastructure challenges, reduced money flow, charter party failures, container market vulnerability, efficient management models, technological advances in shipbuilding and environmental initiatives like exploring the opportunities in the India energy sector and the need for shipping of going green. Indian Shipping Summit, conference cum exhibition is being recognised as India’s premiere networking event for international maritime business. This year about 400 delegates attended. For Odfjell the crucial thing was to meet the participants from Indian & International Shipowners fraternity. Various port owners and operators were also present. It is also an excellent opportunity to meet shipyard owners, shipping agents and others related to the shipping logistics, whom we do not meet in our daily life. India is fighting off the global economic downturn better than most. Experts predict that the country’s economy will continue to be growing fast, as will its maritime sector, which is pressing ahead with expansion of its 900-strong fleet and improvements to its 12 major and 100+ minor ports and numerous shipyards. NR.04/ 09 connect with people the better AND CHEAPER way 19 Sea and shore ODFJELL QUARTERLY magazine Sea and shore ODFJELL QUARTERLY magazine Ten Years After… - Rob Meijboom looking back at a decade of terminal expansions By Theo Kruithof do when I arrived, even though phase 1, the initial 109,000 cbm, of the site had already been operational when Odfjell teamed up with KPIC. Everyone at OTK was very eager to make this terminal a success. And we did! Main achievements at OTK are the facts that we have designed this entire multipurpose terminal ourselves without any consultants, the expansion of the terminal, with a doubling of the capacity to 251,000 cbm in few years time, the ISO-certification and CDI-T membership, Rob states. 20 Odfjell Terminals (Korea) has grown to be Odfjells 5th largest terminal Odfjell has succeeded in its strategy of expanding tank terminal activities along the major shipping lanes. The early years of this century has shown a huge growth of Odfjell’s tank terminals. In 2000 the company substantially increased its global storage capacity by acquiring the huge Rotterdam terminal. Only two years later Odfjell also entered into the important and buoyant Northeast Asian hubtank storage market, by teaming up with Korean Petrochemical Ind. Co. (KPIC) in Ulsan, South Korea. This move has since been followed by further projects in Asia and the Middle East: the new storage terminal in Jiangyin, the relocation and expansion of our Dalian terminal, our joint venture terminal in Singapore, the new storage terminal in Sohar and our project in Iran, scheduled for commercial start-up in January 2010. Climbing the ladder with terminal expansions One of those who has been a part in this massive Odfjell terminal expansion is Rob Meijboom, until recently Vice President Terminal Development with Odfjell Terminals B.V. As he is now retiring, Rob reflects upon the ten years of Odfjell Terminals expansion. From left: Jerry Shreter and Rob Meijboom from the expansion period in 2002. Initially Rob was a seafarer and started his career on board of short-sea gas-tankers. In 1968 he joined Pakhuismeesteren, what was later to become Royal Pakhoed, as a w w w . odfjell . com junior operator. Meanwhile he completed a chemistry study. This enabled him to make an internal move to PID, our Rotterdam distillation plant. In the years that followed, Rob worked in various positions at various different terminals within the Pakhoed-network, not only in the Netherlands but also in Tunisia and Thailand. This brought him a lot of challenges and, more importantly, a lot of experience. In 1997 Meijboom became Terminal Manager at the Rotterdam terminal. And then, late 1999 and early 2000, Rob was part of the management team involved in the process of selling the terminal as required by the EU commission, a process where Odfjell eventually emerged as the winner. Start-up of Odfjell Terminals (Korea) Later on Rob went for feasibility studies, first to the Baltic area, then in the early 2000s to South Korea together with Jerry Shreter from Odfjell Terminals (Houston). Few months later KPIC and Odfjell signed a joint venture contract and in the autumn of 2002 Rob became President of Odfjell Terminals Korea (OTK). - I had a great time at OTK, with a very fine staff, he reflects. He still gets excited about the colleagues and achievements in Ulsan. - There was a lot of work to Time for hobbies After more than 41 years of experience in tank storage, of which 12 years abroad, Rob has now retired. He takes real pride in having worked for Odfjell, although he is not sure he is going to miss working. - I have so many hobbies. We also have a house in Thailand and are considering moving there during winter-time. Then we have our classic cars, our greatest passion. I have already minutely restored one of those. People - Odfjell’s most important asset Rob adds: - A good company is not the name or logo. It’s the people working for that company who are its most important asset. Communicate throughout the organization, top-down and bottom-up and always try to get the best out of your employees. Use their strengths. Lastly, Rob takes the opportunity: - I really like to thank all the colleagues, world-wide, for the great cooperation during these 41 years. Odfjell Terminals development in brief: 1969: Odfjell’s first tank storage terminal is TAGSA in Buenos Aires, Argentina (7 tanks, 4.000 cbm) 1970: Participation in Medistock, Marseille (divested later on) 1971: Odfjell constructs a grass-root terminal in Valleyfield, Canada (divested later on) 1972: Participation in DUPEG, Hamburg (divested later on) 1974: The Granel Quimica terminal in Santos, Brazil becomes operational 1974: The Terquim terminal in San Antonio, Chile becomes operational 1981: Granel Quimica’s second terminal becomes operational; Sao Luis, Brazil 1983: Construction of Baytank terminal (today’s Odfjell Terminals (Houston)) is completed 1991: The VOTTN terminal in Ningbo, China becomes operational; Odfjell owns a minority share in this terminal 1992: Granel Quimica adds a further terminal to its Brazilian network, the Ladario terminal (this is dry cargo originally) 1993: Granel Quimica opens a new terminal in Rio Grande, Brazil 1998: Inauguration of Odfjell Terminals Dalian, China 1998: TAGSA opens a second terminal; the location is Campana, Argentina 2000: Odfjell acquires Botlek Tank Terminal (today’s Odfjell Terminals (Rotterdam)) 2001: Odfjell and partners invest in a greenfield terminal in Singapore 2002: Associated Terminals opens its DQM terminal in Callao, Peru 2002: Odfjell Terminals (Korea) in Ulsan becomes operational 2007: Odfjell successfully completes the relocation of Odfjell Terminals (Dalian) 2007: Odfjell Terminals adds the 99,800 cbm Jiangyin, China terminal to its network 2008: Odfjell and partners construct a greenfield terminal in Sohar, Oman 2009: Odfjell and its partners completes the construction of a terminal in Bandar Imam Khomeini, Iran Started in 1969 with seven tanks at the TAGSA Buenos Aires terminal, today the Odfjell Terminals network owns and operates more than 1,100 storage tanks world-wide, totaling well over 4 million cbm. In 1986 Odfjell listed at the Oslo Stock Exchange. During this “IPO” (initial public offering) the shares of the South American terminals plus the 30% share* in the Canadian IMTT Quebec terminal were transferred from the public company to a private company, owned by the Odfjell family. Odfjell SE has a cooperation agreement with this group of terminals, hence the name “Associated Terminals”. *The shares in the Canadian IMTT Quebec terminal were transferred in 1988. odfjell quarterly maga z ine NR.04/ 09 Rob Meijboom in one of his classic cars in front of a windmill. 21 Sea and shore ODFJELL QUARTERLY magazine Briefings ODFJELL QUARTERLY magazine Early Christmas gathering delights Filipino crew and allottees NR.04/ 09 By Agnes S. Enesio SVP-Ship Management, Helge Olsen addressed the participants with his inspiring speech Amazed kids watched as the magician shows his tricks during the gathering 22 23 Odfjell Manila recently arranged an early Christmas gathering at the Traders Hotel in Manila on 23 November, 2009. The packed one-day programme included keynotes talks from invited speakers, presentations from the crew and families, and exciting fun and games. The aim of the event was to inform all the participants regarding updates on company programmes, to strengthen connectivity between the office and all crew and allottees, encourage active participation of wives of crew as well as to increase good camaraderie amongst all Filipino ‘Odfjell’ers’. Unlike the usual formal setting, Traders Hotel’s ballroom was accentuated with a combination of festive and Christmas touch to foster a mood of relax and have fun. Helge Olsen, SVP Ship Managemnet held an informative talk. - I appreciated the company more after hearing Mr. Olsen. It is good to know that my husband bears the ‘Odfjell brand’, a company who make long-term plans and ensures sustainable and stable employment, a smiling wife said while congratulating the organizers for the event. In his speech, Mr. Olsen focused on the company’s status, outlook and relevant business climate: • • • • • • Odfjell’s stability amidst of the economic recession Odfjell’s competitive advantage in the maritime industry Company’s business model characterestics Odfjell’s Share of the chemical tanker market versus our competitors Future fleet development plans Odfjell’s long-term plans for employment of Filipino seafarers were present. While enjoying the sumptuous lunch, the Holiday season was felt as children from an orphanage sang Christmas. Many of the participants were thankful for the opportunity to offer cash donation to help less fortunate children. The launching and introduction of the Odfjell Philippines Official Website, The Odfjell Crew Handbook and the first batch of Odfjell Educational Assistance Programme (EAP) recipients, also made the event more momentous. To compliment the ‘one-stop-shop’ office, the Alejandra Condotel and Sea and Sky Travel Agency was also formally introduced. These important projects reflect the company’s commitment to continue finding innovative ways to provide high-quality service to all its crew and allottees . Large part of the afternoon was devoted to fun and excitement like song and dance numbers presented by some family members of officers and crew. Parlor games for kids and couples brought so much excitement to everyone. Some crew and wives gamely joined the mini pageant show for selection of ‘Hunk Daddy’ and ‘Dazzling Mom’. ‘Talented Kid’ and ‘Bibo’ Kid award was also given to selected performers. - It is overwhelming to see the active participation of the crew and allottees in every segment of the event. The tiring days of preparation for this event paid off upon seeing big smiles of the participants, one of the organizers said. Surely, it has been an informative and fun-filled day for everyone. To make the event more family oriented, Odfjell Manila invited a Chef to demonstrate food preparation. There were also topics on seafarers’ family wellness, discerning the practical secrets of busy but balance and happy family life. These topics were really appreciated by the majority of the wives who Thanks to the Programme committee members, particularly to Mrs Leth Fulo, Mrs, Myra Lizada and Mrs. Maya Malibago, wife of CE Dennis Fulo, 3E Felipe Lixasa and Mtm Miovanni Malibago. Indoubtly, the event could not be a success without their hard work and tireless efforts. w w w . odfjell . com The hiking team, with weed and silver grass in the background. Picture by OTK’s Technical Manager Mr. Lee Autumn picnic in Korea By Gunnar Moen It is tradition for most Korean companies to arrange a company autumn outing, and the same goes for Odfjell Terminals (Korea) (OTK). This year, as last year, our colleagues from Odfjell Ulsan operation also joined us. The tour was scheduled for Saturday 31st October and we “mustered” at Ulsan World Cup Stadium, where a bus was waiting, heading for the selected mountain “Shinbul-san”, just west of Ulsan City. Everything was very well prepared. The weather was fantastic, and the mood of the partici- pants was equally great. We started walking from a base at 300 metres and headed along a steep track towards the final destination, a peak at 1,209 metres above sea level. The hikers started out very fresh, but after a while various groups were established according to condition and experience with tracking. The first group reached the top after about two hours, while the last one arrived an hour later. At the top lunch was served, and food really tastes good at such heights. The view from the mountain top was spectacular, and the high blue autumn sky made it a memorable event. odfjell quarterly maga z ine After an hour break at the top, we followed the same path down again. In the bus, with already aching legs and sore muscles for most of us; we headed for the “samgepsal” restaurant, where we were barbecuing bacon at the table with various side dishes, talking about reaching yet another mountain peak, and of course did a lot of socializing. It was a great day of fun and exercise, and we are already looking forward to our next company event. SEA AND SHORE ODFJELL QUARTERLY magazine SEA AND SHORE ODFJELL QUARTERLY magazine Bow Santos drydocking in Durban Upon completion of voyage 200909, Bow Santos was open in Durban for dry-docking and her first class renewal. The drydocking project contract was awarded to the shipyard Elgin Brown & Hamer (Pty) Ltd. in Durban. 24 This shipyard has a long history in ship repairs along busy shipping lanes. Today the yard is downsized as compared to earlier days, with two small slipways and a small repair quay. Although the yard has a floating dock of 155 metres in length with an entrance width of 24 metres and lifting capacity of 8,500 metric tons, this dock is too small for Bow Santos. Thus, we had to use the graving dry-dock, which is controlled by the Durban Port Authority. The graving dock is 352 metres long, 33.5 metres wide at entrance and 42.2 metres wide between the dock walls. Maximum draught for docking is 12 metres. The small repair quay at the yard has a length limitation of maximum 150 metres and a maximum draught of five metres. As Bow Santos’ overall length is only 147.8 metres, fortunately we were able to moor Bow Santos at this berth while waiting to enter the dry-dock. Thus we avoided bringing her alongside a lay by berth while awaiting clearance to enter the graving dock. Forwarding of the ship’s stores and spare parts to Durban for this dry-docking project turned out not to be a problem. Clearance of such items can either be done by the shipyard or by the local agents, and the shipyard can keep the spares in storage until the vessel’s arrival. Service engineers, technicians and subcontractors arranged by owners are allowed to come into the shipyard to carry out specialist jobs without hassle. The safety culture and practices at Elgin Brown & Hamer are at an acceptable level NR.04/ 09 By William Lim 25 Service awards to officers From left: TSI Trainee Mick Ling, Captain Juario Pornelos and Senior TSI William Lim in front of Bow Santos after her first touch-up anti-corrosive paint application to Odfjell, and the yard was adapting to our stringent HSE requirements. Their work quality is satisfactory and comparable to other major yards in this industry. Good learning process for technical superintendent trainee Our Technical Superintendent Trainee Mick Ling, who joined Odfjell Fleet Asia at the beginning of this year, has been actively involved in this dry-docking project right from the beginning. In order to let him gain the experience of the complete dry-docking FACT - BOW SANTOS • IMO II and III tanker built in 2004 at Shin Kurushima Dockyard Co., Ltd. in Japan. • 19,997 Dwt • 22 tanks • 21,408 stainless steal cbm • On bare-boat charter to Odfjell Tankers w w w . odfjell . com preparation, he was taking part in repair specifications preparations, cost evaluation and comparison of various shipyard tenders, monitoring of required spare parts status, studying and familiarizing class survey requirements. This familiarization was mainly related to, but not limited to close-up surveys, thickness gauging requirements, requirements of tank testing etc. He has been given first hand experience participating in initial meetings with shipyard production personnel, discussing repair specifications and plans, as well as the kick-off meeting with DNV on survey plan and requirements. -I find this project very challenging for me as it opens my eyes to many things, especially information gained from those meetings with the shipyard and with DNV. Being inside ballast tanks and cargo tanks during surveys also helped me to understand more about what such operations are all about, says Mike Ling. During the Ship Officers Conference dinner in Bergen in September 25t, 11 officers were honoured with gold medal for 30 years of service. The gold medal is awarded by the Norwegian Shipowners Association to seafaring employees having completed at least 20 years of services on board and at least half of the time with the same company. Chief Engineer John Hadsel also received a gold watch for 25 years in Odfjell. The gold medals and flowers were handed over by Chairman Dan Odfjell. Front row from left: Captain Geir Inge Rosvold, Captain Kåre Stavøstrand, Captain Jan Aamund Nilsen, Chairman Dan Odfjell and Captain Jan Ove Fredheim. Second row from left: Captain Jan Kåre Næss, Chief Engineer Jan Tobiassen, Chief Engineer John Hadsel (also gold watch for 25 years in service for Odfjell), Captain Kurt Gustavsen, SVP Ship Management Helge Olsen and Captain Sigurd Fjærestad. Third row from left: Captain Olav Thoresen, Chief Engineer Kurt Lindtveit and President/CEO Jan A. Hammer. 25 years with Odfjell On the evening of 22 October 2009 a celebration dinner took place at Neptun Hotel for our office employees having been with Odfjell for 25 years. Back from left: Erik Ø. Dreyer, Dan Odfjell (Chairman) and Jan A. Hammer (President/CEO) Front from left: Ellinor Hjortland, Anne Kari R. Holme and Inger-Karin H. Enæs (Conny Fredheim was not present) We thank them all for long and faithful service to Odfjell. odfjell quarterly maga z ine In Society ODFJELL QUARTERLY magazine Customer ODFJELL QUARTERLY magazine Reflections from Asia By Atle Knutsen Odfjell Makana donates funds with countries outside the region. These are in place to enhance trade and strengthen economic growth. We have noted during the recent economic crisis that the various countries have been quick to take substantial measures to boost the economies. These initiatives have worked well and generated increased economic activity in some Asian countries. By Mpho Chaka 26 On 11 November, Odfjell Makana visited four schools in the rural town of Estcourt in Kwazulu Natal to present a contribution to each of the schools, Emtshezi High School, Bhekathina High School, Pisgah Primary School and Emhlungwini Primary School. The funds are to be used to improve the schools and the learning. The teachers, pupils and community members were very excited to receive the donations. As a gesture of appreciation Bhekathina High School’s students performed a traditional Zulu dance piece. Following the visit to the four schools, the local principal’s forum invited the Odfjell Makana representatives to a lunch. This was a good opportunity to foster relations and to convey their sincere gratitude for the donations received by the schools and for the ongoing support Odfjell Makana has provided to the local community. Atle Knutsen The globe consists of 147,500 million KM² of land area (including Antarctica) of which Asia represents 44,500 mill KM; approximately 30%. Of the estimated global population of 6,785 billion, Asia’s population counts an estimated 3,8 billion people; approximately 55%. Asia represents about 30% of the world’s GDP (US$ 54,863,551 mill), but has the fastest growing economies with an expected average growth of 6,5% for 2010, whilst the world’s economy is expected to grow an average of 3,1%. These facts indicate the potency and growth potential of the Asian economies. The Asian region is consisting of a mix of economies that are in various developing stages. From the matured economies of Japan, Korea and Singapore to the poorest economies of Cambodia and Myanmar. Whilst many European economies have a per capita income of more than US$ 40,000, we will find countries in the Asian region with a per capita income of a few thousand dollars. Most of the countries in the Asian region have a high literacy rate and the population’s average age is lower than the world’s average. Looking at the Asian region, you will find the existence of many inter-regional trading blocs as well as trading agreements w w w . odfjell . com The Asian populations are industrious and hard working with a strong drive to improve their living standard. All this is important for the growth of our business; the chemical logistics chain. We know that the growth in the consumption of chemicals in developing economies is higher than the GDP growth. This means the need for developing more efficient logistics infrastructures. As Asia has risen to become a major producer of everything from toys and cars to ships, the region’s importance in the global economy is strong. The fact that Asian countries have had access to modern-days technologies resulted in many generations of industrial developments have been leap-jumped and enabled an accelerating growth. Going forward, there is every reason to believe that the Asian economies will grow faster than the world average and that the world’s “economic locomotive” will soon have its main stations in Asia. After being guided to our tables, it was time to take a look at the race book to be prepared to bet in the nine races of the day The nearest betting office was right outside the tent so it was just a matter of choosing your favourites and place the bets Business talks over hats and horses By: Ove Nygård Melbourne is home to Australia’s annual prime horse racing event: Melbourne Spring Racing Carnival at Flemington Racecourse. The event consists of three racing days: Victoria Derby Day, Melbourne Cup Day and Crown Oaks Day. For this year’s Derby Day on October 31st, Odfjell invited a few business associates for a day at the races. Victoria Derby Day is considered by most racing purists to be the best single day of thoroughbred racing in Australia, if not in the entire world. The day provides a sizzling start to the racing week, and an estimated 120,000 spectators are enjoying a day at the race track on opening day. was beaten just before crossing the finish line. After a few seconds though, the loss was forgotten and everybody started concentrating on picking the right horse in the next race. It was an enjoyable day with pleasant company and atmosphere, fun and interesting conversations, nice lunch and all this topped by the great experience of Australian horse racing at its very best. When approaching the racecourse, we soon discovered what Derby Day really is about. This is not just “another day at the races”; this is carnival and show, large crowds of cheerful Aussies, young and old, and ladies of all ages in elegant dresses, high heels and large hats. The crowd was truly spectacular, and the atmosphere during the races was electric. People were jumping up and down, cheering for their horse to win. It was quite interesting to observe the looks on people’s faces when they realized that their horse The run is on odfjell quarterly maga z ine NR.04/ 09 Mpho Chaka and Bruce Badenhorst with some of the pupils at Pisgah Primary School 27 Personnel ODFJELL QUARTERLY magazine NEW HIRES Bergen Erichsen, Yngvil Marie Claims Handler 01-11-09 HOUSTON Ramkissoon, Vijay Security Operator 28-09-09 King, Chad Security Operator 14-09-09 Rotterdam 28 Burger, Sven-Erik Customer Representative PID 01-09-09 Houston, Debbie Receptionist 05-10-09 Prejean, Nicole Marie Customer Service Representative 02-11-09 Singapore Kleinmann, Willem Manipulation Coordinator 01-11-09 Frimmel, Robert 2nd Operator 01-09-09 China: Site Team Chuan Dong Goh, Inessa Jong Cheng Human Resources Manager 01-10-09 Nonis, Desmond Technical Superintendent 01-10-09 Seoul Zhao, Zhen Technical Superintendent 01-11-09 Officers In Service for Odfjell 25 years Headquarters, Bergen Enæs, Inger-Karin Håkstad Senior Ship Operator 01-11-84 Odfjell Terminals (Rotterdam) Valk, Lena Patricia Adm. Employee Facilities 01-10-84 Hjortland, Ellinor Coordinator Audits 01-12-84 Zhang, Melissa Coordinator 12-10-09 Captain Johannes Sæther has been promoted from Chief Officer to Captain on Bow Viking. 01.10.09. Kim, Eun Kyung Secretary 23-11-09 30 years From Bow Clipper to Site Team Chuan Dong, China From Odfjell Dong Zhan to Site Team Chuan Dong, China From Odfjell Terminals Jiangyin to Shanghai 35 years Vogelaar, Bastiaan Pieter C1-Operator 01-12-74 Waal, Willem Arie van de C1-Operator 01-12-74 Skjerli, Tor-Arve Assistant Site Team Manager 08-09-08 Haugsand, Thorbjørn M. Site Manager 17-08-09 Shaw, Ian Newbuilding Inspector 15-10-09 w w w . odfjell . com Lege, Jan Theodoor de Manipulation Coordinator 01-09-79 Kapel, Harry van Creditor Administrator 05-11-79 RELOCATIONS From Site Team Russia to Site Team Chuan Dong, China Forsell, Frits Customer Representative 01-11-79 Wang, Shaolin Engineering Manager 15-08-09 odfjell quarterly maga z ine Holt, Gerhard Andreas van C1-Operator 01-12-74 FLEET & TERMINALS ODFJELL QUARTERLY magazine as per 1st December 2009 OWNED SHIPS 30 YEAR BUILT DWT CBM STAINLESS STEEL, CBM Bow Saga¹ 2007 40 085 52 126 52 126 Bow Sirius¹ 2006 40 048 52 126 52 126 Bow Sea 2006 40 048 52 126 52 126 Bao Hai Tun (49%) 2006 3 845 4 361 - Bow Summer 2005 40 036 52 126 52 126 Bow Spring ¹ 2004 39 942 52 126 52 126 Bow Star 2004 39 832 52 126 52 126 Bow Sun 2003 39 842 52 126 52 126 Bow Firda 2003 37 427 40 515 40 515 Bow Chain 2002 37 518 40 515 40 515 Bow Favour 2001 37 438 40 515 40 515 Bow Century 2000 37 438 40 515 40 515 Bow Fortune 1999 37 395 40 515 40 515 Bow Master 1999 6 046 6 878 6 878 Bow Mate 1999 6 001 6 864 6 864 Bow Pilot 1999 6 000 6 865 6 865 Bow Sailor 1999 6 000 6 870 6 870 Bow Cecil 1998 37 345 40 515 33 236 Bow Flora 1998 37 369 40 515 33 236 Bow Balearia 1998 5 870 5 941 5 941 Bow Oceanic 1997 17 460 18 620 18 620 Bow Bracaria 1997 5 870 5 941 5 941 Bow Brasilia 1997 5 870 5 941 5 941 Bow Cardinal 1997 37 446 41 487 34 208 Bow Faith 1997 37 479 41 487 34 208 Flumar Aratu 1997 13 834 15 831 15 831 Bow Querida 1996 10 115 10 956 10 956 Bow Cedar 1996 37 455 41 608 34 329 Bow Atlantic 1995 17 460 18 620 18 620 Bow Fagus 1995 37 375 41 608 34 329 Bow Clipper 1995 37 166 41 492 34 213 Bow Flower 1994 37 221 41 492 34 213 Bow Eagle 1988 24 728 32 458 19 662 Bow Cheetah 1988 40 258 47 604 - Bow Leopard 1988 40 249 47 604 - Bow Lion 1988 40 272 47 604 - Bow Peace 1987 45 655 52 173 2 167 Bow Power 1987 45 655 52 173 2 167 Bow Pride 1987 45 655 52 173 2 167 Bow Prima 1987 45 655 52 173 2 167 Bow Prosper 1987 45 655 52 173 2 167 Bow Fertility 1987 45 507 52 173 2 167 Bow Fraternity 1987 45 507 52 173 2 167 Bow Panther 1986 40 263 47 604 - Bow Puma 1986 40 092 47 604 - Bow Victor 1986 33 190 34 500 21 975 Angelim 1985 10 259 10 136 6 500 Araucaria 1984 10 259 10 159 6 500 Bow Maasstroom 1983 38 039 48 866 - Bow Maasslot 1982 38 039 48 866 - Bow Fighter 1982 34 982 41 184 6 299 Bow Pacifico (50%) 1982 18 657 22 929 10 849 Bow Viking 1981 33 590 40 956 21 745 Jatai 1979 4 452 4 031 - NUMBER OF TANKS 40 40 40 10 40 40 40 40 47 47 47 47 47 14 14 14 14 47 47 20 24 20 20 52 52 29 18 52 24 52 52 52 25 29 29 29 23 23 23 23 23 23 23 29 29 31 18 18 22 22 34 31 36 3 ON TIME CHARTER Bow Tone Bow Hector Bow Sagami Bow Harmony Bow Cape Bow Kiso Bow Heron Bow Orelia³ Ncc Haiel³ Ncc Dammam³ Ncc Sudair³ Bow Omaria³ Bow Lima Bow Olivia³ Bow Octavia³ Bow Fuji Bow Ophelia³ Bow Plata Bow Engineer Bow Orania³ Bow Sky² Bow Architect Bow Rio Bow Europe Bow Santos² Bow Asia² Bow Singapore² Bow Americas Bow de Rich Bow de Feng Bow West Bow Andino Bow de Jin Multitank Batavia³ Multitank Badenia³ Multitank Britannia³ Bow Jubail² Bow Mekka² Bow Riyad² Bow Baha Bow Hunter Bow Pioneer Number of ships: YEAR BUILT DWT CBM 2009 2009 2008 2008 2008 2008 2008 2008 2008 2008 2007 2007 2007 2007 2007 2006 2006 2006 2006 2006 2005 2005 2005 2005 2004 2004 2004 2004 2003 2002 2002 2000 1999 1998 1997 1996 1996 1995 1995 1988 1983 1982 96 33 600 33 694 33 641 33 619 19 971 33 641 33 707 19 900 45 953 45 965 46 012 19 900 19 900 19 900 19 900 19 800 19 900 19 807 30 086 19 993 40 005 30 058 19 990 19 727 19 997 9 901 9 888 19 707 12 452 12 514 12 503 16 121 11 752 5 870 5 870 5 870 37 499 37 272 37 274 24 728 23 002 23 016 37 700 37 386 37 238 34 698 22 158 37 215 37 365 22 202 54 300 54 300 54 300 22 202 22 157 22 202 22 202 22 140 22 655 22 143 35 548 22 050 52 126 36 000 21 408 21 573 21 846 10 866 10 867 22 050 13 300 13 289 13 299 17 270 12 296 5 941 5 941 5 941 41 488 41 588 41 492 32 458 25 026 25 965 STAINLESS NUMBER STEEL, CB OF TANKS 37 700 37 386 37 238 34 698 22 158 37 215 37 365 22 202 - - - 22 202 22 157 22 202 22 202 22 140 22 655 22 143 35 548 22 050 52 126 36 000 21 408 21 573 21 846 10 866 10 867 22 050 13 300 13 289 13 299 17 270 12 296 5 941 5 941 5 941 34 209 34 257 34 213 19 662 21 031 20 969 2 640 799 3 042 856 1 985 070 ¹ Vessel beneficially owned through financial lease. ² Vessel on bare-boat charter. ³ Vessel on variable timecharter. 16 16 16 16 20 16 16 20 22 22 22 20 20 20 20 22 20 22 28 20 40 28 22 36 22 20 20 36 22 22 22 30 20 20 20 20 52 52 52 25 28 28 ON ORDER YARD DELIVERY DWT OWNER COMMENT 2010 2011 2011 2011 2011 2012 9 000 9 000 9 000 9 000 9 000 9 000 Odfjell Odfjell Odfjell Odfjell Odfjell Odfjell 6 54 000 Chuan Dong Chuan Dong Chuan Dong Chuan Dong Chuan Dong Chuan Dong Number of newbuildings: STAINLESS NUMBER TANK TERMINALS LOCATION SHARE CBM STEEL, CBM OF TANKS Odfjell Terminals (Rotterdam) BV Odfjell Terminals (Houston) Inc Odfjell Terminals (Jiangyin) Co Ltd Odfjell Terminals (Dalian) Ltd Odfjell Terminals (Korea) Co Ltd Oiltanking Odfjell Terminal Singapore Ltd Oiltanking Odfjell Terminal & Co. L.L.C. (Oman) Vopak Terminal Ningbo Ltd (Ningbo) Rotterdam, NL Houston, USA Jiangyin, China Dalian, China Onsan, Korea Singapore Sohar, Oman Ningbo, China 100 % 100 % 55 % 50 % 50 % 50 % 29,75 % 12.5 % 1 635 000 320 600 99 800 119 750 250 590 365 000 842 500 63 500 33 000 82 300 30 000 18 350 15 860 13 520 - 7 900 281 98 22 51 70 79 39 36 Total owned 3 696 740 200 930 676 33 200 97 720 40 800 55 027 8 000 47 135 62 980 32 840 293 127 1 600 19 784 2 900 - - 528 10 188 - 5 496 33 99 28 28 6 87 88 25 54 Total associated 670 829 Grand Total 4 367 569 40 496 448 241 426 1124 NEW TOTAL ESTIMATED COMPLETION Associated terminals Depositos Quimicos Mineros S.A. Granel Quimica Ltda Granel Quimica Ltda Granel Quimica Ltda Granel Quimica Ltda Odfjell Terminals Tagsa S.A. Odfjell Terminals Tagsa S.A. Terquim S.A. IMTT-Quebec Callao, Peru Santos, Brazil Rio Grande, Brazil Sao Luis, Brazil Ladario, Brazil Buenos Aires, Argentina Campana, Argentina San Antonio, Chile Quebec, Canada PROJECTS AND EXPANSIONS TANK TERMINALS SHARE CBM Exir Chemical Terminals PJCCO (Iran) 35% - 22 000 22 000 Oiltanking Odfjell Terminal & Co L.L.C (Oman) 29.75% 842 500 425 000 1 267 500 447 000 Q1 2010 Q1 2011 Associated terminals Depositos Quimicos Mineros S.A. Granel Quimica Ltda Granel Quimica Ltda Granel Quimica Ltda Granel Quimica Ltda Granel Quimica Ltda Terquim S.A. Callao, Peru Rio Grande, Brazil Sao Luis, Brazil Triunfo, Brazil Teresina, Brazil Aracruz, Brazil Mejillones, Chile w w w . odfjell . com ONGOING EXPANSION 33 200 40 800 55 027 - - - - odfjell quarterly maga z ine 13 600 20 000 10 000 12 000 7 000 30 000 80 000 46 800 60 800 65 027 12 000 7 000 30 000 80 000 172 600 Q4 2009 Q3 2010 Q2 2010 Q3 2010 Q3 2010 Q4 2011 Q4 2010 NR.04/ 09 31 MAIN OFFICE ODFJELL MAIN OFFICE TERMINALS Odfjell SE - Odfjell Tankers AS Conrad Mohrsv. 29, P.O. Box 6101 Postterminalen 5892 Bergen, NORWAY Tel: +47 5527 0000 Fax: +47 5528 4741 Fax: +47 5527 9070 (Chartering/Operations) Odfjell Terminals BV Oude Maasweg 6, P.O. Box 5010 Harbour Number 4040 3197 KJ Rotterdam-Botlek The NETHERLANDS Tel: +31 102 954 700 Fax: +31 102 954 719 INTERNATIONAL OFFICES Odfjell USA (Houston) Inc. 12211 Port Road Seabrook, TX 77586, USA Tel: +1 713 844 2200 Fax: +1 713 844 2211 Odfjell Singapore Pte Ltd 6 Shenton Way, # 27-08/09 DBS Tower 2 SINGAPORE 068809 Tel: +65 6349 1300 Fax: +65 6224 2285 Odfjell Japan Ltd Ogawa Bldg. 8F 2-2 Uchikanda 1-Chome Chiyoda-ku, Tokyo 101-0047, JAPAN Tel: +81 3 3259 8555 Fax: +81 3 3259 8558 Odfjell Netherlands BV Oude Maasweg 6, P.O. Box 5010 3197 XC Rotterdam-Botlek The NETHERLANDS Tel: +31 102 953 666 Fax: +31 102 953 668 Odfjell Brasil Ltda Av. Paulista 460 - 18 andar CEP 01310-000 Sao Paulo SP, BRAZIL Tel: +55 11 3549 5800 Fax: +55 11 3549 5808 Odfjell Shanghai Suite B, 13F Huamin Empire Plaza 728 Yan An West Road Changning District Shanghai 200050, P.R. CHINA Tel: +86 21 5239 9469 Fax: +86 21 5239 9897 Odfjell India A-26, Nandbhuvan Industrial Estate Mahakali Caves Road, Andheri (East) Mumbai 400093, INDIA Tel: +91 22 6695 4701 Fax: +91 22 6695 4707 Odfjell Dong Zhan Shipping (Shanghai) Co.,Ltd Suite C, 13F Huamin Empire Plaza 728 Yan An West Road Changning District Shanghai 200050, P.R.CHINA Tel: +86 21 5239 5393 Fax: +86 21 5239 9897 Odfjell Argentina SA Alicia Moreau de Justo 1960 Office no. 202 - Puerto Madero 1107 Buenos Aires, ARGENTINA Tel: +54 114 313 7837 Fax: +54 114 313 4619 Odfjell Durban (Pty) Ltd The Sharaf House 2 Sinembe Crescent La Lucia Ridge Durban 4051, SOUTH AFRICA Tel.: +27 31 5834470 Fax: +27 31 5834488 Odfjell Tankers AS, Korea Branch Room 1815 Gwanghwamum Officia Bldg. 163 1-ga Shinmunno Jongn-gu, Seoul, 110-999 Korea Tel: +82 2 775 9760 Fax: +82 2 775 9761 Odfjell Korea Ltd. 136, Cheoyong-Ri, Onsan-Eup, Ulju-Gun Ulsan, KOREA Tel: +82 52 227 5527 Fax: +82 52 227 5567 Odfjell Australia Pty Limited Suite 4, Level 1 443 Little Collins Street P.O.Box 1279 Melbourne VIC 3001 AUSTRALIA Tel: +61 3 9642 2210 Fax: +61 3 9642 2214 Odfjell Chile Puerta del Sol 55 Las Condes, Santiago CHILE Tel: +56 2 3307221 Fax: +56 2 3307948 Odfjell Philippines Inc. 4th Flr Atlantis Beacon Tower 2315 Leon Guinto St. Malate, Manila 1004 PHILIPPINES Tel: +6325280341 Fax: +6325262256 Odfjell Dubai c/o Sharaf Shipping Agency Sharaf Building, Al Mina Road P.O. Box 576, Dubai, UNITED ARAB EMIRATES Tel: +971 4 351 9785 Fax: +971 4 351 9756 Odfjell (UK) Ltd 14 Headfort Place London SW1X 7DH UNITED KINGDOM Tel: +44 207 823 0605 Fax: +44 207 823 0606 Odfjell Peru Av. Enrique Meiggs, 240 Urb. Chacaritas, Callao, PERU Tel: +51 1 614 0800 Fax: +51 1 614 0801 REGIONAL OFFICES Odfjell Asia Pte Ltd 6 Shenton Way, # 27-08/09 DBS Tower 2 SINGAPORE 068809 Tel: +65 6349 1300 Fax: +65 6224 2285 Odfjell Ahrenkiel Europe GmbH An der Alster 45, Postfach 100 220, 20099 Hamburg GERMANY Tel: +49 40 24838 307 Fax: +49 40 24838 319 Flumar Transportes de Quimicos e Gases Ltda Av. Paulista 460 - 18 andar CEP 01310-000 Sao Paulo SP, BRAZIL Tel: +55 11 3549 5800 Fax: +55 11 3549 5807 Odfjell Terminals (Rotterdam) BV Oude Maasweg 6, P.O. Box 5010 Harbour Number 4040 3197 KJ Rotterdam-Botlek The NETHERLANDS Tel: +31 102 953 400 Fax: +31 104 384 679 Odfjell Terminals (Dalian) Ltd New Port Economy & Technology Development Zone 116601, Dalian P.R. CHINA Tel: +86 411 8759 5500 Fax: +86 411 8759 5549 Odfjell Terminals (Korea) Co, Ltd 136, Cheoyong-Ri Onsan-Eup, Ulju-Gun Ulsan, KOREA Tel: +82 522 311 600 Fax: +82 522 376 636 Oiltanking Odfjell Terminals & Co. Llc. P.O. Box 369 PC., 322 Fajal Al Qubail Sohar, SULTANATE OF OMAN Tel: +968 2685 0412 Fax: +968 2684 7738 Odfjell Terminals Maritiem BV Oude Maasweg 5 Harbour Number 4020 3197 KJ Botlek-Rotterdam THE NETHERLANDS Tel: +31 10 2951 300 Odfjell Terminals (Jiangyin) Co., Ltd 1314 West Binjiang Road Shizhuang New Harbour City, Jiangyin Jiangsu 214446 P.R. CHINA Tel: +86 510 8666 9111 Fax: +86 510 8666 9110 Oiltanking Odfjell Terminal Singapore Pte Ltd 1 Seraya Avenue SINGAPORE 628208 Tel: +65 6473 1700 Fax: +65 6479 4500 Vopak Terminal Ningbo Ltd. No. 111 Zhaobaoshan Road, Zhenhai District Ningbo, P.R. CHINA Tel: +86 574 2769 5638 Fax: +86 574 8627 5931 Terquim S.A Blanco Encalada 840 Dept 702, San Antonio CHILE Tel: +56 35 21 1050 Fax: +56 35 21 1161 DQM S.A Av.Enrique Meiggs, 240 Urb.Chacaritas, Callao, PERU Tel: +51 1 614 0800 Fax: +51 1 614 0801 TERMINALS Odfjell Terminals (Houston) Inc. 12211 Port Road Seabrook, TX 77586, USA Tel: +1 713 844 2300 Fax: +1 713 844 2355 ASSOCIATED TERMINALS Granel Quimica Ltda Av. Paulista 460, 18° andar CEP 01310- 000 São Paulo, SP BRAZIL Tel: +55 11 3549 5800 Fax: +55 11 3549 5832 Tagsa S.A Av. Alicia Moreau de Justo 1960, piso 4 Of. 402 1107 Buenos Aires ARGENTINA Tel: +54 11 4001 9700 Fax: +54 11 4001 9701 w w w . odfj e ll . c o m