JunE 2014

Transcription

JunE 2014

ODFJELL
june 2014
www.odfjell.com
CONTENTS
Odfjell Quarterly
EDITOR: Margrethe Gudbrandsen
EDITORIAL COMMITTEE:
Karin Ryland Blom, Brit A. Bennett,
Matt Duke, Geirmund Drivenes,
Leif Gunnar Alvær, Henning Løseth,
Siri Anne Mjåtvedt
CORRESPONDENTS:
HOUSTON: Rebecca Snyder
PHILIPPINES: Jennifer Franco
Highlights
Meeting the ECA challenges 04
New regulation will force new operation patterns in port 06
Preparing for use of 0.10% low sulphur fuel oil in ECAs from 2015 07 Deadline next issue:
22 August 2014
Design: Bruno Blanchard, Cox
Graphic production: Bjarte Kvinge Tvedt, Cox
Print: Scanner Grafisk AS
Frontcover: Bow Riyad
Photo by: Captain Ruben Q. Hilario
Photo this page: Preparing for opening of OTC
Photo by: Tumbleston Photography Studios
Texts submitted to Quarterly may be subject to editorial adjustments.
[email protected]
[email protected]
Landmarks Continued weak results 08
Naming ceremony of Bow Trident 10
Expansion completed at Noord Natie Terminals 12
Briefings
Competitive initiatives 16
Type specific ECDIS courses in Manila and Bergen 17
Dan Odfjell stands down 18
100 Years
World War II and the post-war reconstruction 20
Our Odfjell Moments 22
Portrait
13
Sea and shore
The 2014 Holmenkollen Relay Race 26
Showing our Odfjell roots at AFPM in San Antonio 27
Bow Clipper rescued three sailors 350 miles off Virginia 28
QHSE
Our corporate core values: Professional 14
Odfjell Terminals QHSE managers meeting 2014 15
Personnel 29
Fleet and terminals 30-31
Offices and addresses 32
Dear Colleagues,
After a first preliminary review of our cost, we see that
over the years we have developed a cost structure that
is higher than many of our competitors. We recognize
therefore that we need to reduce cost without compromising on the quality of our services. The process
that we now have initiated is under development with
detailed scope yet to be finally determined. It is very
clear though, that our main objective is to ensure that
we can and will produce satisfactory financial results
also under prevailing market conditions, which as you
all know, is not the case today.
Whilst we work on becoming a more cost effective
service provider within our core chemical tanker
business, we continue developing our complimentary
LPG/Ethylene business, with the ordering in May of
four 22,000 cubic metre gas carriers at a total capital
expenditure of approximately USD 200 mill. This
opportunity has very much grown out of the strength
of our customer base. With little improvements for our
chemical tanker business, we faced the challenge of how
to reach a competitive size. I am very pleased therefore,
that we recently reached an agreement with Celsius/
Breakwater for them to become an equal partner,
thus allowing for continued growth of our gas carrier
activities without extending our financial exposure.
We are all looking forward to working together with
our new JV partner-to-be.
04
10
At the time of writing I am on my way to the Netherlands
for another meeting concerning our tank terminal
business. During recent years, the main issue at these
meetings has been the situation at OTR. That will also
be the case this time around. Our suffering due to the
many and complex challenges at OTR continues. The
planned reorganisation including a social plan and
a new collective labour agreement for 2015-2018 is
painful, yet necessary for survival. After the recent
vote, it now seems that OTR will get a much needed
new point of departure.
The main topic of this issue of Quarterly is meeting the
ECA challenge. This has to do with a maximum allowed
sulphur content in the marine fuel consumed in so
called Emission Control Areas (ECAs). From January
1st 2015, the maximum allowed sulphur content will
be reduced from1.0% to 0.1% within all ECAs, which
essentially means all waters around Northern Europe
and US/Canada. This will potentially drive our costs
further up. I am very pleased therefore, that we have
focus on our energy consumption and everything else
we can do to meet this particular challenge.
All in all our challenges, both for our chemical tankers
and tank terminal business, remain large. But with the
process for reduction of costs and improved efficiency,
combined with the recent development at OTR, we are
about to establish a new platform for our Company, at
which we shall be successful, irrespective of market
developments. So far this is becoming possible because
of your dedication and hard work. I admire you for
that, and in fact owe you all a well-deserved 'thank
you very much'.
Have a great summer!
16
o d fj e l l q u a r t e r ly m a g a z i n e
27
NR.02/14
Jan A. Hammer,
President/CEO Odfjell SE
In connection with our first quarter report we recently
announced that we would initiate a process to reduce
costs and improve our efficiency. The scope of this
process will entail a review of all aspects of our business
model, including alternative ownership models and
organisational structures. I can appreciate of course,
that an announcement of this nature has created
uncertainty amongst many of you. I do not think on
the other hand, that any of you are surprised by the
need to act after so many years of losses, and I can
assure you that we are going to handle the process
in a professional and structured manner, including
engaging many of you in work sessions to find better
and smarter ways to do our business.
3
Highlights
ODFJELL QUARTERLY magazine
Meeting the ECA challenges
By Erik Hjortland, Manager Fleet Performance, Bergen
4
Galveston Bay, Houston
There are currently three active Emission Control Areas (ECA) in the world: Baltic Sea, North Sea and one surrounding the US/Canada
(including Hawaii and Puerto Rico). Currently the maximum sulphur content in marine fuels consumed in the ECAs is 1.00% and we
meet this regulation by consuming Low Sulphur Heavy Fuel Oil (LSHFO) in these areas. Compared to ordinary Heavy Fuel Oil (HFO), the
extra cost is about USD 50 per metric tonne (pmt). In 2010 the EU implemented a sulphur regulation which committed ships at berth
in any EU country to burn fuel with a maximum 0.1% sulphur content. The only compliant fuel grade with this low sulphur level is Low
Sulphur Marine Gas Oil (LSMGO). 1 January 2015 will be a ‘red-letter day’ as the US/Canada ECA, North Sea ECA and Baltic ECA are
following the EU guidelines and from this date our ships will need to burn fuel with a sulphur content of less than 0.1% within all ECAs.
This can potentially have significant impact on our operational costs.
In order to be compliant with the implementation of the new regulation, we need to replace
our current consumption of LSHFO by Low
Sulphur Marine Gas Oil (LSMGO). In 2013
the price difference between LSMGO and
LSHFO was USD 284 pmt. Our consumption
of LSMGO accounted for 5% of our total
consumption. With the implementation of the
new regulations this may potentially increase
to 25% in 2015.
Based on the 2013 consumption and price
difference, this will potentially give Odfjell an
extra cost of several millions dollars in 2015.
As there will be high pressure on LSMGO the
cost differential could become even larger if
the price for LSMGO should rise further. And
this is only the start of the story.
More ECA regulation to come
In 2020, less than six years from now, the
global sulphur limit in marine fuels will drop
to 0.5%. There are several strategies to meet
this requirement but all of them will give either
significant capital costs or operational costs.
The strategy that will give the least capital
costs is to replace all our HFO consumption by
LSMGO. But that will obvious be very expensive
with current conditions.
Energy saving initiative established
Needless to say, it has never been more
w w w . o d fj e l l . c o m
North Sea ECA
NR.02/14
5
important to control our energy efficiency
and fuel consumption. Since 2008 we have
managed to reduce the average daily fuel consumption on our fleet by about 20%, and our
overall fuel consumption in 2014 is estimated
to end up 25-30% below 2008 level.
Our fleet’s daily fuel consumption on main
engines, auxiliary engines in port and at sea,
and boilers in port are currently at all-time
low, and our energy efficiency has improved
10% compared to 2008. Translated into saving
figures, these reductions represent 110,000 mt
fuel and USD 66 million on an annual basis.
This is the combined results of our fleet
renewal programme, our energy campaigns,
speed reduction scheme, hull- and propeller
cleaning scheme, establishment of engineand fuel consumption KPI’s, introduction
of our Ship Energy Efficiency Management
Plan (SEEMP) and the Energy Efficiency
Operational Indicator (EEOI), weather routing
scheme, engine surveys, retrofitting of fuel
saving devices and equipment, conferences,
routines, reports and speeches, but first and
foremost it is the result of hard work both
onshore and on board our vessels.
Yet, with the upcoming sulphur regulations in
mind, we cannot afford to rest on these results.
In the months and years to come we need to
improve even more to meet the upcoming
fuel regulations.
This ECA includes
waters adjacent to
the Pacific coast, the
Atlantic/Gulf coast
and the eight main
Hawaiian Islands.
It extends up to 200
nautical miles from
coasts of the United
States, Canada
and the French
territories, except for
marine areas subject
to the sovereignty or
jurisdiction of other
states
The Baltic Sea- and North Sea ECA jointly covers the
Baltics and North Sea up to 62N and 004W
Highlights
ODFJELL QUARTERLY magazine
6
New regulation will force new
operation patterns in port
By Leif Hopland, Bunkering Manager, Bergen
Regarding supply of low sulphur fuel with
a sulphur content of 0.1%, the various
refineries have not yet taken a firm decision
with regards to their strategies following
this change in regulation. Blending of a
0.1% sulphur fuel creates high interest
from key cargo traders, but also carries
a high level of capital exposure and risk.
Supply of bunker
The signal we have received from various suppliers and traders is that there will be enough
0.1% fuel available both inside and outside ECAs
(at this stage Low Sulphur Marine Gas Oil). With
the sulphur level now being reduced to 0.1% we
therefore need to have an even stronger focus
on avoiding any port calls for bunkering only
prior to entering the ECA zone. Efficient bunker
planning will be more important than ever.
in this respect be challenging from 1 January
2015. With the high LSMGO prices it will be
very important to make sure that we cut the
numbers of days in port. With ECA-fuel prices
exceeding USD 1,000 per metric tonne, steaming up and down the Houston Ship Channel
will be very costly. In this highly congested
ship channel it will be more important than
ever to utilize our knowledge and equipment
to reduce the numbers of docks. Barging and
utilization of lay berths prior to additional
steaming in port must always be considered.
As always the first basics for an efficient port
rotation starts with effective planning from
the commercial end of our business. To avoid
costly steaming days in port we need to reduce
the number of scheduled berths, and owners’
bunkers cost should be clearly reflected the
bunkers adjustment clauses.
More efficient port calls is evident
Portcalls in the US and especially Houston, will
New ECA regulation
• ECA = Emission Control Area
• Three active ECAs: Baltic Sea,
North Sea and the US/Canada
• Currently maximum sulphur content
in ECA is 1.00%
• From 1 January 2015, the ECAs will
implement a maximum sulphur
content of 0.10%. This is the same
regulation that has been in force for
ships at berth in EU ports since 2010
• Low Sulphur Marine Gas Oil (LSMGO)
is today the only alternative fuel with a
maximum sulphur content of 0.10%.
• The price difference between LSMGO
and the currently used Low Sulphur
Heavy Fuel Oil (LSHFO) is about 300 USD
• There are basically three options to be
compliant with the 0.10 % regulation:
1. Consume LSMGO instead of
HFO/LSHFO. High operational costs,
limited capital costs.
2. Install scrubbers on the vessels to
remove the sulphur from the fuel, making
it possible to continue consuming HFO.
High capital costs.
3. Consume LNG instead of HFO/MGO.
Substantial capital costs, no real
alternative for existing vessels.
Limited infrastructure and availability
Preparing for use of 0.10% low sulphur
fuel oil in ECAs from 2015
By Knut Erik Fredriksen, VP Technology Management, Bergen
Ship Management (SM) has initiated the
following projects to be prepared for the
new ECA requirements:
When LSMGO starts being used within ECA,
the vessels’ tank capacity for this fuel type
needs to be increased in order to reach ports
within a safe margin and to ensure efficient
operations whilst in port. Some fuel tanks
will have to be converted for LSMGO to meet
this new requirement. Since we are talking
of vessels in operation, we are dealing with
the vessels current fuel oil capacity and
its limitations. It is therefore important to
choose a tank size as close as possible to the
optimum in order to keep bunkering intervals
to a minimum. SM has in cooperation with
Odfjell Tankers decided LSMGO capacity for
deep sea vessels and for the regional vessels
in Europe. SM has established a project to
follow up implementation of required LSMGO
capacity for vessels that will operate in ECA.
NR.02/14
Fuel tank configuration
7
Cooler with fuel and cooling water connections
Fuel oil switch
Lubrication oil tanks segregation
From 2015 the engines will run on LSMGO for
longer periods during trade inside ECAs. When
running engines on low sulphur fuel, another
type of cylinder lubrication oil with lower base
number is required. By introducing another
blend, the lube oil storage tanks will have to be
segregated in order to have sufficient capacity
for both lube oils. SM has established a project
to follow up segregation of lubrication oil tanks
for vessels that will operate in ECA.
Fuel oil booster pumps and coolers
LSMGO has low viscosity, which at high
temperature can be a problem for booster
pumps and injection pumps. Booster pumps
for LSMGO have normally a lower viscosity
limit of two centistoke in order to avoid pump
break down. To avoid such incidents to occur,
coolers have to be installed in the fuel supply
line to secure fuel oil temperature to stay
within acceptable temperature range. SM has
established a project to install coolers in fuel
oil line for vessels that will operate in ECA.
Switch to/from LSMG0
Vessels scheduled for ECA has to prepare
switching to LSMGO in good time before
entering the area. A challenge during the
change-over is that HFO has to be heated
and the LSMGO needs to be cooled. The
temperature difference between the fuels
can be 100 to 120 degrees Celsius, which can
cause thermal stress on the fuel system if the
change-over goes too fast. A typical thumb rule
is to keep temperature change below 2 degrees
Celsius/min during change-over. The changeover can be done manually by using a ship
specific procedure or installing a fuel-switch
system that will control the change-over. SM
has installed such automated switch system
on board Bow Cecil and Bow Spring to gain
experience in using such systems.
Auxiliary boilers
When the EU requirement to use LSFO below
0.10% in all EU-ports was implemented in
2010, boilers on existing vessels had to be
upgraded. Burner safety system and the fuel
oil supply system had to be upgraded to meet
the new requirements. This means that the
boilers are already taken care of.
Vessel operation and energy efficiency
At present, it is required to use LSMGO within
EU-ports, but from January 2015, LSMGO
has to be used when entering both EU- and
US-ECA. Since the price difference between
the blends today is about USD 300, it will be
even more important to operate our vessels
efficient and avoid any unnecessary running
of consumers. Or to say it differently, each
dollar saved on fuel is a dollar gained on the
bottom line.
By excellent vessel operation it is possible to
obtain the best energy efficiency. It is therefore
of vital importance for both shore organisation
and officers/crew always strive for optimal
operation and to avoid waste of energy. The
newly implemented Ship Energy Efficiency
Plan (SEEMP) will be a useful tool to monitor the effect of measures implemented and
inspire all to further improve vessel operation.
Several measures will be implemented in the
near future, such as:
l Harbour mode electrical balance – optimal
use of consumers during harbour stay
l Full hull grit blasting will be evaluated and
done during sheduled dry-dock
l Hull antifouling – testing of low friction and
long lasting antifouling
Landmarks ODFJELL QUARTERLY magazine
First quarter 2014 results:
Continued weak results
By Terje Iversen, SVP Finance, Bergen
The time-charter results are in line with last
quarter. Chemical tankers EBITDA of USD
17 million, compared with USD 19 million
in the fourth quarter of 2013. The tank
terminal results remained stable except
for our terminal in Rotterdam.
For our chemical tankers, first quarter continued on a slow and disappointing pace as
congestion, delays and bad weather caused
operational challenges, inefficiencies and
increased cost. In general, rates came under
pressure during the quarter as tonnage was
abundant. Bunker prices were similar to the
fourth quarter 2013, offering no relief. Going
into the second quarter 2014 we note increased
activity and less delays and interruptions.
8
Odfjell’s shareholding in our tank terminals business delivered an EBITDA of negative USD 0.2
million in the first quarter. With the exception of
Odfjell Terminals (Rotterdam) (OTR), terminal
results were mainly in line with our expectations. The overall terminal group, excluding OTR
reports a gross occupancy of 92% as at end of
March. The process at OTR of re-organisation to
improve the cost base to market level continues.
An improving US job market and increasing
industry production signals that the pace of the
US economic growth is poised to snap back.
Growth is projected to reach 2.7% this year. The
biggest risk to an optimistic growth forecast for
the Euro zone is associated to continued or
even worsening unrest in Ukraine. A stronger
Euro is also hurting the competitiveness of the
region’s exporters. For China, the economic
indicators so far this year have been disappointing and debt default repayment risk is
rising significantly.
Reducing cost and improving efficiency in the Odfjell Group
The global economy is expected to grow
by 3–4% per year over the next few years,
which traditionally should indicate an
increase in the demand for seaborne
chemical transportation of 4–5% per year.
Consequently, the supply/demand balance
should gradually turn in favour of stronger
chemical tanker markets. However, the
substantial market slack through slowsteaming, ballasting or part loading, as
well as inefficient port operations, need to
be recovered before we see any substantive tightening of the market. With new
private equity entering the market we have
seen an immense increase in ordering of
medium range product carriers, and recent
months also increased ordering of standard
stainless steel tonnage. This may very well
dampen the much awaited recovery.
Even though the overall long-term prospects
remain favourable for quality long-term
operators, we will need to, in the coming
months, review all aspects of our business
model, including alternative ownership
models and organisational structures, in
order to identify areas of improvements
in terms of improved economic results
through more competitive organisational
cost structure.
Further, we will strengthen the focus on
increasing the operational efficiency with
regards to fuel efficiency, turnaround time
in port, ship maintenance, planning and
performing of docking operation and
various other activities to increase the
competitiveness.
Re-organisation process at OTR
The re-organisation process at
Odfjell Terminals (Rotterdam)
(OTR), to improve the cost base
to market level, continues. This
includes a reduction of more
than 100 positions. A dialogue
with the Unions has been started
to simultaneously address a new
collective labour agreement
from 2015. These measures
are deemed necessary as the
level of activity at the terminal
is significantly reduced, and
are necessary to make possible
continued operations and investments in OTR. IMOS going live!
By Tore Vågenes, Manager ERP Systems, Bergen
With the introduction of IMOS in Odfjell, a fully
integrated system has been put into production where voyage information is inserted into
the chartering module, copied to operations,
shared with our vessels whereupon positions
and events are added before replicating it
into IMOS via Veslink. This workflow allows
all vessels to work in a standardised form and
to easily share information with operations.
More than 200 shipping companies use this
system everyday - among them many of our
main competitors. Veson Nautical, the company
Stian Sandnes Mensvik (midle) working for Odfjell Europe, is one of the first people to be working with the IMOS system
in Odfjell. Here together with (from left) May Brit Christiansen, Senior Ship Broker and Tone R. Ekman from Veson
behind IMOS, releases three major new system
updates every year. This way IMOS continues
to develop each year and provides the option
to add new features alone or in cooperation
with other users.
Implementing a new ERP system like IMOS is
a demanding process for any organisation and
we will invest time and resources into training
the users in the months to come. Users in all of
Odfjell's offices will receive training on the new
system and with the introduction of Veslink,
training will also be included for top officers
on board.
At the time of writing, we are implementing
IMOS into our Odfjell Asia regional fleet and
expect the implementation in Odfjell Tankers
worldwide to be completed by the end of 2014.
Odfjell enters into LPG/Ethylene joint venture and
exercises options for four newbuildings
Odfjell SE is pleased to announce that it
has entered into an agreement with affiliates of Breakwater Capital and Oak Hill
Advisors to form a liquefied petroleum
gas and ethylene (‘LPG/E’) shipping joint
venture.
Further, Odfjell announces that it has exercised the option for construction of four
22,000 cbm LPG/E gas carriers at Nantong
Sinopacific, scheduled for delivery between
September 2016 and June 2017. The contract
price in total is in the region of USD 200
million.
In the LPG/E gas carrier segment, Odfjell currently owns and operates two 2008-built 9,000
cbm vessels, has four 17,000 cbm vessels
under construction at Nantong Sinopacific,
scheduled for delivery between October 2015
and May 2016, and the option for four vessels
now being exercised.
In accordance with the agreement, Breakwater
and Oak Hill Advisors have jointly agreed to
invest approximately $50 million as consideration for a 50.0% equity interest in Odfjell’s
LPG/E business. Further, Odfjell and the
Partners have each agreed to commit approximately $50 million to finance the growth of the
joint venture.
Completion of the joint venture agreement is
subject to customary conditions for closing
including execution of the shipbuilding contracts related to the vessels. It is expected that
completion will occur within third quarter 2014.
Odfjell and the Partners aim through consolidation and partnerships with other first-class
operators to build a leading LPG/E shipping
platform founded upon second-to-none operational excellence, a modern and eco-friendly
fleet and a long-term market perspective.
Jan A. Hammer, President and CEO of Odfjell,
says: - Odfjell is delighted to have Breakwater
Capital and Oak Hill Advisors as its partner in
the shipping segment of LPG and ethylene.
Together, we will enhance our growth opportunities and broaden our capabilities.
Jeppe Jensen of Breakwater Capital says: - We
are pleased to be an integral part of a strong
platform within the LPG/Ethylene segment.
The combination of a modern fuel efficient
fleet and two first class partners such as Odfjell
and Oak Hill Advisors represented the perfect
entry opportunity in a sector we have been
and are excited about.
NR.02/14
On 20 March, Odfjell Europe became the first
Odfjell company to go live with Integrated
Maritime Operations System (IMOS). IMOS
was selected in 2010 to become Odfjell's new
ERP system/voyage management tool for
Chartering and Operations. Core modules
for chartering, operations and financials
capture data onshore and on board, process
it and distribute it to all stakeholders. By
supporting our main workflow IMOS will
enable the organisation to work smarter,
more efficiently and allow us to focus on
the most important aspects of our business.
9
Delivery of Bow Trajectory:
- First vessel out
Particulars of the vessel:
• Length overall: 182.60 m
• Length between perpendiculars:
By Geir Almestad, VP Project/Newbuilding, Bergen
On 9 April 2014 Bow Trajectory was delivered
from Hyundai Mipo Dockyard to Odfjell.
The vessel is the first in a series of four
49,000 dwt ships with eco design for reduced
emissions and fuel consumption. The 22
cargo tanks are all IMO II type with variable
sizes, where six tanks are coated with zinc
and 16 tanks coated with phenolic epoxy.
The ship is highly flexible with one cargo
manifold used for traditional chemicals, and
one aft-ward located common cargo manifold
for discharge of homogeneous cargoes. The
common manifold is fully OCIMF compliant,
which in particular makes the vessel suitable
for efficient operation at oil terminals.
After successfully completing the hot curing of
the cargo tanks, the vessel loaded in Ulsan and
commenced its maiden voyage with destination Rotterdam.
174.00 m
• Breadth: 32.20 m
• Draught to summer load line:13,22 m
• Summer dwt: 49,622 MT
• Design dwt @ 12.5 m draught:
abt 46,000 MT
• Cargo cubic @ 98%: 53,188 cbm
• Flag: Norwegian (NIS)
• Class: DNV
• Service speed with 15% sea margin at
design draught: 14 knots
• Main engine consumption
corresponding to service speed:
abt. 26 MT/24hr of LSHFO
Spring brings new life in Korea:
10
-Naming ceremony of Bow Trident
By Ian Shaw, Assistant Site Manager, HMD Shipyard, Ulsan, South Korea
The naming ceremony for Bow Trident took
place at Hyundai Mipo Dockyard (HMD) in
Ulsan, Korea, on a bright and sunny morning
on the 30 April 2014. Bow Trident was named
by her Godmother, Mary Anne Ellis. After the
traditional champagne breaking ceremony
all the guests were given a guided tour of
the bridge, Captain’s cabin and cargo control
room.
The ‘Anniversary Series’
Bow Trident is the third in the series of four
vessels and she will be delivered in August 2014.
The Hyundai ships are an important series for
Odfjell. Designed to Odfjell specifications, these
eco ships will define the standard for our coated
vessels as ambassadors for the Odfjell fleet as
well as for their builders HMD. They have been
built to serve Odfjell into the future and the
significance of their delivery in Odfjell’s history
has already seen them bestowed with the title
‘Anniversary Series’.
Godmother Mary Anne Ellis together with Captain
Rofil Villamero on the bridge of Bow Trident
Bow Trident is the third vessel in the ‘Anniversary Series’
Interesting facts about Bow Trident
• The weight of steel in the vessel is greater • The vessel has a fuel capacity of 1,928 cubic
than 48 fully loaded Boeing 787 Dreamliners.
• There are 22 coated cargo tanks with a total
capacity of 54,000 cubic meters which is
equivalent to 72 million bottles of Odfjell wine.
meters. If filled with petrol, this would
be enough to drive a Mini Cooper 1.6
approximately 890 times around the world.
• The vessel has a ballast capacity of 19,724
cubic meters which is enough to fill eight
olympic sized swimming pools.
• The vessel has a drinking water capacity of
331 cubic meters equivalent to one million
bottles of water.
Grand opening of Odfjell Terminals (Charleston)
NR.02/14
By Mel Pinks, Commercial Manager, OTC
11
The cutting of the ribbon. From left: Charleston County Chairman Teddy Pryor, Mayor of North Charleston Keith Summey,
previous Director of the Board Dan Odfjell, Director of Marketing and Communications (State Govenors Office) Allison
Skipper, Chairman of the Board Laurence Odfjell and President Odfjell Terminals Dave Ellis
On 12 March Odfjell Terminals (Charleston)
(OTC) had its grand opening ceremony.
Dignitaries from far and wide gathered in
Charleston to enjoy our prestigious event.
We were particularly honoured to have
Dan Odfjell, previous Director of the Board,
present whose initial visions led the way to
realisation of this amazing facility that now
graces the banks of the Cooper River.
Our partners Lindsay Goldberg supported
Dan Odfjell’s early visions for this project and
they were well represented at the opening with
the presence of VP Krishna Agrawal, Partner
Lance Hirt and Analyst Ryan MacIntyre. It was
through their combined efforts that delivered
OTC, a facility ready to serve the bulk liquid
across the spectrum. Perhaps it is only when
viewed from 30,000 feet that you are able to
see the true craftsmanship of OTC.
‘We’ at our grand opening event referred to
not only our colleagues from Norway, China,
Holland and even as far away as Houston, but
also to members of the local community. We
wanted to say a special thank you to Mayor
Keith Summey whose tireless efforts have
borne the fruit of a revived and continually
reviving business community. We also wished
to show our thanks to Councillor Bob King
who has played such a key role in guiding
Odfjell into the local community. Teddy Pryor,
Chairman of Charleston County helped put
his county on the map not only because of
business development, but also by achieving
the accolade of the top United States and global
tourist destination. From the office of the
Governor we were also very pleased to welcome
Allison Skipper, Director of Marketing and
Communications. We are aware that in order
to accomplish such an amazing achievement,
it is a collaboration of many. From the United
States Coastguard; Captain Ric Rodriguez and
Commander Scot Higman. From Charleston
Pilots; Captain Whit Smith and Captain John
Cameron. From Norfolk Southern Rail Road;
Director Steve Evans, Roger Norman and Chris
Bailey from the Roberts Company & PPS, Jack
Smith from Nelson Mullins and many more.
It is impossible to mention everyone who has
helped us achieve this amazing facility and
sadly not everyone was able to join in the
celebrations but we are very thankful for all
your support.
The grand opening was brilliantly organised.
Our guests arrived early in the afternoon and
we all assembled at a marquee just to the east
of the truck tower. Inspirational speeches were
delivered from Chairman Laurence Odfjell, the
President of Odfjell Terminals Dave Ellis, OTC
Terminal Manager Drew Wharton, Charleston
Our brand new tank terminal….
Hard hats and scissors ready for the official cutting of
the ribbon
County Chairman Teddy Pryor, Mayor Keith
Summey and Allison Skipper from the State
Governors Office. The cutting of the ribbon followed and the terminal was officially opened.
On leaving OTC we went to the River Front
Park to the Quarters K, a magnificent building
harping back to the navy days and recently
fully restored by the City of North Charleston
where we enjoyed an equally well organised
and spectacular reception where it was difficult
to decide whether the wine, the food or the ice
statue was the best received.
The magnificent celebrations continued into
the next day as we welcomed our personnel
and their families, our neighbours and friends
to a barbecue followed by tours of the terminal.
Thankfully the weather was amazing again
which made the event even more enjoyable.
Expansion completed
at Noord Natie Terminals
By Martine Teeuwens, Managing Director, Noord Natie Terminals
A total of five extra truck loading stations are operational
for these new tankpits and two new manifolds for vessels
and barges
12
Noord Natie Terminals
The expansion of the Noord Natie Terminals
(NNT), with two new tankpits with a total of
50,000 cbm, has been completed on schedule. With the new tankpits now in use, the
terminal can offer a total storage capacity
of 350,000 cbm.
A total of five extra truck loading stations are
operational for these new tankpits, and two
new manifolds for vessels and barges. The
tankpits are both connected to the rest of
the terminal.
Of the two new tankpits, one has five tanks of
5,000 cbm. Each tank is insulated and equipped
with heating coils. The other tankpit consists of
four tanks of 5,000 cbm and two of 2,500 cbm,
and are equipped with high viscosity pumps in
order to pump products without heating. One
tank is insulated as some customers want the
product delivered to them heated. This gives
the greatest flexibility to the customer as he can
store all the grades combined in all the tankpits.
The next project we are working on is a new
office building at the entrance of the terminal.
The start of the construction work is planned for
the second half of 2014. This will be a welcomed
change for our employees as we are now spread
over the terminal in small offices or container
offices and do not have enough workspace
for everybody. New changing rooms, showers
and a refectory will also be included in the
expansion plans.
One of the new tankpits also has rail connection on a combined truck and rail weighbridge.
Meanwhile the commercialisation of the next
project has started. The new expansion plans
New office building
Sale of Vopak Terminal Ningbo
In May Odfjell sold its 12.5% holding
in Vopak Terminal Ningbo Ltd, China,
for USD 3.2 million.
The terminal in Ningbo was Odfjell’s first
terminal venture in Asia. Vopak Terminal
Ningbo has been considered a non-strategic
asset and has been held by Odfjell SE,
outside of the terminal structure in Odfjell
Terminals AS.
for four new tankpits with a total capacity of
90,000 cbm extra tank storage space are further
being developed.
The four new tankpits can be built as a whole
or split into different phases depending on
contracts that can be concluded. Tank sizes
have been determined to 1,300 cbm, 2,500
cbm and 5,000 cbm but tank types are still
open and can be determined depending on
demand. Most probably a combination of
mild and stainless steel tanks will be built.
Construction can start from 2015. Meanwhile
the port will start building new quay walls
to bring the draft to 14 metres followed by
dredging works. This will allow us to have the
new generation of ships to berth at this new
part or the terminal.
Portrait ODFJELL QUARTERLY magazine
The Pioneer: Captain Dario Dolina
Odfjell’s first Filipino Master
NR.02/14
By Jennifer Franco, Information Officer, Manila
13
Captain Dario Dolina has previously been Captain on Bow Asia and Bow Singapore. Here from on board Bow Asia
- A long time ago, I was an 'unwanted visitor' trying to board a domestic passenger
ship. The first person I saw manning the
gangway on that ship impressed me. He was
wearing the class 'A' uniform then. I asked
some questions and the answers were very
encouraging. It was at that moment that
I decided to become a seafarer, narrates
Captain Dario Dolina, Odfjell’s first Filipino
Captain, on how he first got anchored on the
seafaring dream.
His climb to the Master’s ladder was not swift or
easy. It took 13 years and 15 vessel assignments
before he was promoted to Chief Officer and
another four years and six sailing contracts
before he was given the position of Captain.
But the long road to the top did not bother
Captain Dolina. To him, it was an opportunity
to gain the experience and knowledge required
to beome a remarkable sailor. When it was his
time to lead, he was experienced and ready for
the big waves.
Captain Dolina’s journey with Odfjell began on
18 December 1985 on board old Bow Fortune
as a Second Officer. He was 31 years old when
he joined the first group of Filipino sailors
manning Odfjell vessels under the Panama
flag. – The Company took good care of all the
crew, and my life at sea has been with Odfjell
since then, he shares.
- It took seventeen years of patience and hard
work before I became a Captain. I made a number of mistakes, corrected them and learned
a lot along the way. I got into constructive
arguments, stood my ground, and gained more
knowledge in the process. Most importantly, I
followed my leaders and supported the goals
of the Company, he says.
When asked about his advice to young Odfjell
sailors, Captain Dolina summarised the secret
of his seafaring success in four words: loyalty,
honesty, competence and respect. To the
young sailors and prospective future officers
of Odfjell, be loyal and true. Combine that with
positive attitude about your job and respect for
your colleagues, the Master explains.
His fervor and passion for seafaring has not
waned even after three decades at sea. Now at
59, he still views seafaring with the same awe
of his younger self, who boarded a domestic
passenger ship a long time ago.
- I thank Odfjell for their continued support to
all personnel involved. Looking back, I think
I have served well. How I wish I could serve
another 30 years! Thank you Odfjell! Captain
Dolina says.
QHSE ODFJELL QUARTERLY magazine
Our corporate core values:
Professional
By Harald Fotland, SVP Corporate Services and Support, Bergen
Corporate core values can be described as
important and lasting beliefs or ideals that
can help create a common understanding of
what is good and desirable within a company.
The values shall also serve as common guidelines for what is considered to be the right
behaviour and attitude. In February this year
a process was completed where Odfjell´s core
values were defined. In Odfjell we shall be:
• Professional
• Pro-active
• Sustainable
• Innovative
14
This is the first out of four articles describing
each core value and what it means for us in
practice.
Professional
Being Professional is the basis for what we do
in Odfjell and has also been a core foundation
throughout our history. It was professionalism
that made Fredrik and Abraham Odfjell start
up as ship-owners one hundred years ago and
it was professionalism that enabled Odfjell to
become one of only a handful of operators
in the world-wide chemical trade during the
1960s. Therefore, it came as no surprise that
Professional was among the four core values
that the employees mean represent Odfjell also
today. It has always been there, and now we have
decided to publicly express it. I will try to explain
what it means to be Professional in Odfjell and
in particular how it is linked to safety.
Why is being Professional
one of Odfjell´s core values?
We pride ourselves in beeing a leading company
in shipping and storing of bulk liquid chemicals.
This is a highly specialised and very demanding business. The fact that being professional
has supported Odfjell in creating value can be
exemplified through many of our slogans; ‘For
Anything Liquid’, ‘From sensitive wines to corrosive chemicals’ and ‘The Everything Carrier’.
Very few companies are professional enough
to justify such bold slogans. Chemicals are
among the most demanding cargoes you can
ship or store. We saw the business potential in
it, we understood the risks and we had the right
mind-set to carry it out. It is beyond any doubt
A good thing about being Professional is that everybody can always
become more Professional
that being professional has been a key value for
Odfjell´s past success and also will be key in our
future performance.
and stubborn, they speak ill about others and
try to promote their personal interests. These
are all signs of misunderstood professionalism.
What is Professional in Odfjell?
How can we be even more Professional?
To be Professional is at least two things; Firstly;
it implies that we know what we are doing. We
must have sufficient insight in our tasks, the
Company, the handling of chemicals, the business and not least – the risks involved. Some
examples of what it means to be professional
with respect to safety are listed below:
A good thing about being Professional is that
everybody can always become more Professional.
A certificate, age, experience, rank or student
degree may be a good start, but it does not necessarily make you Professional in the long run.
Being Professional is a process. An easy exercise
is to challenge yourself to find three areas where
you can start being even more Professional:
Professional employee
1. Know your tasks, duties, roles,
responsibilities, processes
2.Comply with the procedures, routines,
and what risks they rectify
3.Familiarise yourself with equipment,
surroundings and systems that are
relevant for your job
4.Take exercises, training sessions and
drills seriously
Professional colleague
1. Treat your colleagues professionally
2. Strive to understand our organisation, our
strategy, our history, our customers, our industry
3. Understand how you contribute to Odfjell´s
success. Who do you need to cooperate with
and what are their roles and responsibilities
4. Make your colleagues even more Professional;
contribute with insight and care
Secondly; we must have the right mind-set. All the
above listed examples improve the quality of our
work. In that respect, being professional is key for
safety. But, it is also worth noting that making a
mistake does not imply that someone is unprofessional. Anyone can make a mistake. But the
mind-set of a professional ensures that he or she
treats a mistake differently from someone who is
unprofessional. The Professional minds take an
objective view of their own job and performance.
Instead of protecting their own back, they take
a broader view; they see their own limitations,
report their own failures, they involve others
and are open to their opinions. We have all seen
people who strive to be perceived as Professional
but ignore that the mind-set must follow. Such
people often tend to be perceived as arrogant
• Be a more Professional employee
examples 1-4
• Be a more Professional colleague
examples 1-4
• Use a more Professional mind-set
When you have done this first step, you may
challenge yourself even further: Do you dare
to share your improvement areas with your
close colleagues? In doing so you may also help
broaden their view. If you are so trustworthy that
a colleague shares her/his improvement areas
with you, remember to use your Professional
mind-set and appreciate that he or she does so.
A third step is to recognise that your colleagues
are Professional. Show them that you see it and
appreciate it. The last and maybe most difficult
step is to also give feedback to colleagues that
in your opinion are not Professional in a given
situation. If you do this the right way, giving
direct feedback combined with respect and
humbleness, it might actually be that you both
become more Professional in that process.
Our future success also
depends on being Professional
Will professionalism continue to play such an
important role in Odfjell’s future successes? The
answer is yes. The need for Professionalism will
continue to increase. Our industry is becoming more complex and demanding, which
in combination with the zero tolerance for
underperformance make professionalism a ticket
to trade. By knowing more about what we are
doing, combined with the right mind-set, we will
differentiate ourselves from our competitors and
at the same time improve safety.
QHSE ODFJELL QUARTERLY magazine
Odfjell Terminals QHSE managers meeting 2014
By Pierre Houben, Global QHSE Manager, Rotterdam
Odfjell Terminals held their annual QHSE
meeting in Houston in March 2014. This
three-day event is the third time the QHSE
managers meet this way.
The meeting was hosted by Odfjell Terminals
(Houston) and we would like to give special
thanks to John Heil for the smooth organisation of this event. A visit to the Houston Rodeo
was organised for the Asian participants who
were visiting the US for the first time so they
could experience a taste of the ’wild west’.
The three-day meeting ended with a visit to
the terminal in Houston. As well as having a
tour of the terminal, the participants also had
the opportunity to talk to terminal personnel
and meet with Dave Ellis, President Odfjell
From left: Dave Ellis (President Odfjell Terminals), Pierre Houben (Global QHSE Manager Odfjell Terminals), Hussain Ahmad
(QHSSE Manager Oiltanking Odfjell Terminals (Oman)), Ran Qin (QHSE Manager Odfjell Terminals (Jiangyin)), Marcio Vicente
dos Santos (QHSE Manager Odfjell South America), Nan (Serena) Zhao (QHSE Manager Odfjell Terminals (Dalian)), John Heil
(QHSE Manager Odfjell Terminals (Houston)), Hongquan Yang (QHSE Manager Odfjell Nangang Terminals (Tianjin)), Clarence
Harmon (Terminal Manager (Odfjell Terminal (Houston)), Chester Lee (SVP Region Asia), Yong Chan Gill (QHSE Manager
(Odfjell Terminals (Korea)) and Mahbod Ahmad (Operations Manager (Odfjell Terminals Asia))
Terminals, Chester Lee, SVP Odfjell Terminals,
Region Asia and Koos Frowein, VP Finance
and Investments, Odfjell Terminals.
It was a successful meeting in which the QHSE
team reached an agreement on how to deal
with incident notification and reporting, QHSE
reporting, training and audits.
Communication on Progress (COP) 2014
By Bjørn Ydse, HSE Manager, Bergen
Odfjell became an official participant to
the world’s largest corporate citizenship initiative, the United Nations Global
Compact, in March 2011. This is a strategic
policy initiative for businesses that commit themselves to aligning strategies and
operations to ten lead principles within
four different areas; human rights,
labour, environment and anti-corruption.
The Global Compact expects participating
companies to take necessary action in line
with their commitment, and requires this
to be verified through submission of an
annual Communication on Progress (COP)
report showing status and actions. Odfjell
has already published this report for three
years, the latest in March 2014. It is a public
document that is open to all stakeholders
and shows the progress we have made on
implementing the ten principles.
Below are some of the activities from 2013:
• Revised and harmonised the Code of
Conduct with the UNGC principles
• Launching of Corporate Supplier Conduct
Principles
• Established corporate core values within
Odfjell
• Introduction of an annual safety day for
all employees. First held 6 November 2013
and will be held the first week in November
every year
• Continuation of a safety culture programme
within Ship Management and the establish ment of a Leadership and Followership
programme
• Implementation of several environmental
projects
• Joined the Maritime Anti-Corruption
Network (MACN) in August 2013
The COP can be found at www.odfjell.com
and on Insite.
NR.02/14
QHSE managers from Europe, Asia, the Middle
East, the US and South America attended the
meeting to discuss relevant topics and to gain
alignment on issues such as: incident notification, investigation and reporting; a standard
QHSE reporting format; ICT requirements;
training and audits. Presentations were given
on risk management, personal safety equipment (PPE), safety observation rounds and
static electricity.
15
Briefings ODFJELL QUARTERLY magazine
Doing our best to be the leaders in our field
16
Competitive initiatives
By Tom Hagesæther, ICT Portifolio Manager, Bergen
Imagine yourself as a top manager in an
international corporation. One of your
toughest tasks would be to select the best
ideas from many initiatives.
To do this it would be essential to gain an
overview of all concurrent initiatives and
ensure that all ‘bad’ ideas are dropped. You
would then need to make all chosen initiatives
comparable, control the connection to the
company strategy, get assessments on cost,
complexity, urgency and risks, and make sure
decisions are aligned with other managers. For
the ongoing initiatives you would need to give
help and support.
When you put all these factors into a global
context with competing demands and a large
number of stakeholders the above appears
almost un-manageable. It is thus essential that
you have an organised and structured process
in place so you can get help from business and
technology experts.
For information and communications technology projects in Odfjell a project portfolio
process has been established to facilitate this
structure. This is called Project Portfolio
Management or PPM for short. PPM addresses
the project initiation, the project selection and
the project performance monitoring processes.
For the initiation process it is important that all
initiatives have a single point of entry. Also all
initiatives needs to be reviewed by a manager
at SVP level before it is started. To implement
this a small ‘project initiation template’ is made.
Next step is then the project selection itself. It is
difficult to make project proposals comparable.
The Odfjell project selection process tries to
mitigate this by providing a standardised ‘project charter template’. The template contains
a list of best practice themes to elaborate the
business value, costs and risk of an initiative.
We are aware that all project initiatives have
a unique context and therefore some level of
tailoring is required in order to write a good
project charter. The ICT department offers
general training to assist with the understanding of template themes and purposes.
The charter creation process is intended to
anchor and align the needs among the key
stakeholders and to create ownership for the
project outcome. Some of the project charter
sections are also purpose made to ensure that
all organisational expertise is fully utilised. One
pitfall in the project charter process is the
‘Straw-Man’ approach where the author
fills out the template alone. This approach
is damaging as it take away the discussion
process that should have taken place among
the stakeholders.
The actual balancing and tradeoff among
many initiatives is done by the ICT Steering
Committee (ICT-SCM). This is a board of Odfjell
SVPs lead by our CEO, Jan Hammer. The project
budget will be given by this committee. The
ICT-SCM is enabled and administered by ICT
VP Matt Duke.
An important function for the ICT-SCM is to
give the approved projects a sequenced priority to prevent too many initiatives starting in
parallel. As a result, some projects therefore
may be put on hold due to pending availability
of business experts and ICT resources.
The ICT-SCM will also receive a project
performance overview of ongoing projects.
Day-to-day project governance will be managed
by the individual project steering committees
and project managers. Major decisions such
as project terminations and budget changes
outside the contingency frames will typically
be escalated to the ICT–SCM.
For Odfjell Terminals, a Global Change Advisory
Board lead by Koos Frowein (Vice President
Finance and Investments) enables the same
function as ICT-SCM. Koos Frowein is also a
regular member of the ICT-SCM.
Type specific ECDIS courses
in Manila and Bergen
By Vidar Børve, Electrical & Automation Manager, Bergen
The first of these courses was carried out in
Bergen at the end of December 2013. The
course takes approximately two working
days and those taking the course must obtain
more than an 80% pass mark on the final
examination. You are allowed three attempts
at the examination but if you do not score
the required grade you will have to retake the
course.
The feedback from the course participants
so far has been very positive. The course has
been described as both user-friendly and
informative.
The Furuno ECDIS system is the first system
we have carried out computer based training
on. We will continue to use the same method
on our other ECDIS systems.
Our Competence Manger Fredrik Larsen says
that approximately 450 seafarers shall carry out
type specific ECDIS courses and hopefully all
navigation officers will have been examined
by the end of 2014.
Captain Meidel Eriksen doing the final examination
The new ECDIS requirements:
• For vessels built before July 2012, ECDIS
will be required after July 2015.
• For vessels built after July 2012, ECDIS is
already mandatory. (Bow Nangang, Bow
Pioneer and upcoming newbuildings from
Hyundai Mipo Dockyard.)
All of our navigation officers have generic
ECDIS training. However it is also necessary
to have type specific ECDIS training for the
different equipment on board.
Advanced Leadership I, Part II
By Olav Skintveit, Senior Advisor Operation. Bergen
Odfjell Tankers held a Leadership Course in
Bergen during three weeks in March and five
Filipino 2nd Officers and four Norwegian 2nd
Officers attended.
During the first week the participants were
introduced to our Cargo Handling Course, with
several lecturers from Odfjell Tankers and Odfjell
Management. Many subjects were covered over
the week including: elements of the booking
process, demurrage, the new Commodity
Book, tank preparation, planning of bunker,
performance and weather routing, how to take
care of the tank coating, rules and regulations,
physical properties of various chemicals, chemical reactions, introduction to petrochemicals,
wall wash testing, how to stow a chemical tanker
and presentation of the new stowage program
Orca. The participants also got the opportunity
to test the stowage program. This informative
From left: Unni Monsvold Mjelde (Senior Ship Operator) mentoring Franklin Lira
first week concluded with how to optimise
vessels and there were also presentations and
information provided on Company Procedures.
The two last weeks were more practical and the
participants worked at Odfjell Tankers together
with selected mentors. The participants circulated between the four operation groups and the
Marine Service Group, where an experienced
Operator acted as their mentor.
NR.02/14
As part of the new requirements regarding
the Electronic Chart Display and Information
System (ECDIS) on board our vessels, we
have received four Navskills stations from
the supplier Furuno. The Navskills stations
will be placed in Manila and Bergen and will
allow our crew to carry out Furuno ‘type
specific’ ECDIS computer-based courses
here.
17
Briefings ODFJELL QUARTERLY magazine
New Board
Member in
Odfjell
The transition phase is completed:
-Dan Odfjell
By Margrethe Gudbrandsen, Communication Manager, Bergen
After more than half a century with the
Company, Dan Odfjell, aged 76, has decided
to stand down from his position as Director
of the Board. The transition of control to
his son and fourth generation, Laurence
W. Odfjell, is thus completed.
Kristian Mørch
18
On 7 May 2014, the Annual
General Meeting elected Kristian
Mørch as new Director of the
Board, replacing Irene Waage
Basili who had given notice
that she would not stand for
re-election.
Kristian Mørch, our new Board
Director, is Danish citizen born
1967. Mr Mørch is Partner and
group CEO of the Clipper Group
since 2011. Before joining Clipper
he held various positions in A.P.
Moller-Maersk between 1987 and
2010, the last two years as COO
of Maersk Tankers. He holds an
MBA from IMD (Switzerland),
and is an AMP graduate from
Harvard Business School. Kristian
Mørch owns no shares and has no
formal ties to major shareholders
of Odfjell SE.
The Meeting also supported the
Nominating Committee's proposal
and re-elected Laurence Ward
Odfjell, Christine Rødsæther and
Jannicke Nilsson as directors of the
Board for a new two-year period.
The General Meeting and the Board
thanked resigning Board Director
Bernt Daniel Odfjell for his 55 years
of service to the Company and also
the outgoing Board Director Irene
Waage Basili for her efforts over the
last six years.
The history of the Company may be described
as being divided into two different phases: one
before Dan joined in 1959 when the Company
was mainly a general dry cargo shipping
company, and subsequently, as the Company
moved to become a world-leading chemical
tanker and tank terminal operator, then with
Dan very much at the steering wheel.
Dan always had his mind set on the family
business. Although somewhat reluctant to
return from New York to Bergen in 1963, he set
a condition for moving back, that he would be
allowed to establish Minde Chartering as an
in-house brokerage and chartering department. Through this, Odfjell was able to widen
industry knowledge, to develop market intelligence - indeed to get closer to the customers.
His two years as a New York junior broker
convinced him, that the chemical tanker trade
was a niche market in which the Company
could grow and succeed. With experience
and knowledge, Dan and his good colleagues
developed modern stainless steel tankers for
the customers, making transoceanic carriage
of a variety of chemicals and specialty bulk
liquids increasingly possible.
During the period 1960-1973 the Odfjell fleet
almost doubled, a pioneering time. Dan was
also instrumental in the Company's move
into tank terminals, opening the first tank
terminal in Buenos Aires in 1969. The pace
really picked up however in the early 1970s.
With an entrepreneurial flair, a strong will and
an extraordinary endurance, he embarked
upon and completed a series of bold newbuilding projects around the world, with great
technological advances within chemical tanker
design and equipment. With insight of the markets, he knew how to create a strong position
Dan Odfjell started his career at sea
through establishing several international
offices worldwide.
In 1988, Dan became President/CEO of Odfjell,
and he cleared the way for a strong and rapid
fleet development through newbuilding
projects, acquisitions of secondhand tonnage
and partnerships. When ordering new tonnage,
the Company was always looking for the most
advanced ships, for a competitive advantage.
Also the tank terminal business has witnessed
a tremendous growth, now being established
in eight countries with altogether 12 terminals.
NR.02/14
stands down
19
Dan is standing down at the General Meeting 7 May 2014. From left: Jan
A. Hammer, Dan Odfjell and Laurence W. Odfjell
Being together with employees is important for Dan. Here from an
Officer`s Conference in Bergen
Throughout his 55 years working for the
Company, Dan has focused on becoming a
leading global logistics service provider. This is
achieved through safe and efficient operations
of chemical tankers, LPG/Ethylene carriers
and tank terminals. Stepping down at the
Annual General Meeting in May he said: - I
have had my ideas and the urge to start and
to develop projects, and the stamina never to
give up. But I am perhaps not the best person
for day-to-day affairs. I have been fortunate
however to have worked with excellent people
who have taken our projects to ever higher
levels and, not least been able to carry them
out.
as shipping, Dan said in a speech to the local
shipping community in 1994.
Dan hardly is the typical ship-owner. He sheds
high living. Indeed in many ways he is a modest
man, enthusiastic as one of a team: - A leader
should care for and be preoccupied more with
his business than of himself or his money. To
enjoy, to build and to love what you are doing
and the people around you is essential. An
egalitarian attitude, respect, and to be part of
the team is to me a key element to succeed,
in an intensive high capital business, such
In his concluding remarks at the Annual
General Meeting he said: - One thing that I shall
miss perhaps the most, and that I regret time
did not sufficiently allow for, was to be more
on board our ships, to listen, to discuss and to
learn from our many trustworthy mariners. I
started my career at sea, and actually is where
I feel I belong.
100 years ODFJELL QUARTERLY magazine
The history of Odfjell:
- World War II and the
post-war reconstruction
By Bård Nielsen, retired Odfjell Fleet Manager
20
In the early morning of 9 April 1940, Bergen
and several other Norwegian major ports
are occupied by Nazi-Germany through a
surprise attack. The Odfjell fleet comprises
seven ships, plus two small tankers under
construction. Total crew is about 200. Two
ships are in home waters, and five on the
high seas. The Company momentarily loses
all control and soon also all contact with
the latter ships especially after the US join
the war in 1941.
The ships in home ports are quickly controlled
by the occupants. Also the new small tanker
Rogn – under construction – is confiscated.
They are employed in the coastal trade between
Rotterdam and Kirkenes, in the very north
of Norway. They suffer terrible losses: Birk
drifts into a minefield at Kirkenes and sinks in
February 1942; 26 crew perish. Selje is bombed
and capsizes in the North Sea in May the same
year, with the loss of 15 Norwegian crew as
well as several German Navy cadets. Rogn is
the sole survivor of the war, suffering badly
through neglected upkeep and maintenance.
The Norwegian exile Government in London,
via Nortraship (The Norwegian Shipping and
Trade Mission), eventually takes control of the
five ships on the high seas. But in the summer
of 1940 – after the fall of France – Gran and
Gabon are detained in French West Africa by
the pro-German Vichy authorities. In 1941 Gran
is requisitioned, placed under French flag, and
renamed St Odette. With a French crew she is
torpedoed and sinks off Sicily the following
year. Together with the crew from several other
detained Norwegian ships, those from Gran
are put in a series of prisoners-of-war-camps
until the French join the allied cause late 1942.
Seven Norwegian mariners perish under these
conditions.
Lind and one more ship make it to Britain, out
of the ten ships involved.
The little tanker Lind is detained in Sweden,
together with several other Norwegian ships.
She takes part in two escape operations in
1942. On the second escape in March, only
During the summer and autumn 1945 the
Nortraship vessels are gradually returned to
their owners. Time to take stock: Three ships
out of eight are lost, one severely run down,
An allied convoy in the Atlantic during World War II
and the four remaining are also worn down.
New ships are urgently needed, but what new
trades are feasible?
Fredrik Odfjell is evacuated from occupied
Norway to Britain in the spring of 1945. Whilst
in Britain, and with peace restored, he enters
From left: Bernt Daniel (BD) and Johan Odvar (JO)
into a newbuilding contract on behalf of the
Company, for a sister ship to Gran. From the
UK he precedes to the US. This visit would
prove essential to the reconstruction of the
Company. He negotiates to acquire two of
the war-surplus US standardized dry-cargo
ships, and also negotiates a partnership with
the International Freighting Corporation, a
subsidiary of DuPont. The two dry-cargo ships
are then employed in the US East Coast – South
America liner trade. The first of these ships is
named Bowhill, after IFC president Mr Bower
and vice president Mr Hill, and the second
Bowplate – the beginning of a naming tradition
that lasts to this day.
The replacement for Gran is delivered in 1947,
named Bowgran, and the following year the
Company finally takes delivery of the small
tanker Hegg – the one that was under construction in 1940.
The reconstruction of the Norwegian merchant
fleet is much hindered by the currency restrictions imposed by the Labour Government
during the final years of the 1940s. This has
the effect that Norwegian shipping is largely
unable to reap the full benefits of the boom
caused by the Korean War. But developments
put an end to this limitation: Norway agrees
to join the Marshal Plan, and also the newly
established OEEC – and both these promote a
free trade environment among its participants.
Norwegian Stord Verft in 1960: The new Lind
is the world’s first stainless steel tanker. This
really is a most significant ship, pointing the
way forward towards the modern chemical
tanker.
A new generation takes the helm: Fredrik
Odfjell passes away in 1950, and his brother
Abraham in 1960. They are succeeded by their
sons, cousins Bernt Daniel (BD) and Johan
Odvar (JO). During the 1950s the dry cargo
business is looked after by BD, while JO pushes
the small tanker business. The former is largely
maintained, while the latter expands. The fleet
is modernized, and the tankers grow in size.
World trade grows steadily, and the closure
of the Suez Canal in 1956 provides an extra
boost to shipping.
The 1960s saw a fundamental redirection of
Company business. In 1963 B. D. Odfjell jr.
(Dan) returns to Bergen, having worked for
shipping brokers in New York. He shares JO’s
view that the future of the Company lies in
the specialised tanker business, and he also
believes the Company should set up its own
chartering operation – thereby gaining control
of a larger part of the value chain. The change
is fundamental: In 1960 general cargo ships
made up 85% of the Odfjell tonnage, and tankers only 15%. By 1965 the two groups were of
equal tonnage and by 1969 the dry cargo ships
have all been sold off, and a LPG gas carrier has
meanwhile joined the tankers, with more on
the drawing board, with pressurized stainless
steel tanks, 'the Everything Carrier'.
But it is a new small tanker that steals the
limelight when she is delivered from the
WW II
After Norway is occupied in 1940 the
occupants take control of the ships in
home waters, whereas the deep-sea ships
are controlled by the Government in
exile in London, through the Nortraship
organisation. The former comprises
some 500 ships, mostly smaller, and the
latter about 1,000 ships. The home fleet
loses 119 ships, and 631 mariners and
432 passengers perish. The Nortraship
fleet loses nearly 500 ships. It is manned
by some 30,000 mariners; about 3,000
perish: A loss rate of 1 in 10. Thus, out of
10,000 Norwegians who loses their lives
due WW II, one third are mariners. And
many that survive the convoy service are
traumatized for life.
One by one the features of the modern chemical tanker is tried out, on one series of ships
after the other, but not yet all on the same ship.
Besides, a new business venture is launched:
Odfjell’s first tank terminal opens for business
in 1969, the TAGSA terminal in Buenos Aires.
Another step to broaden the participation in
the value chain.
But a fresh new challenge is rearing its ugly
head: As the size of ships grows, so does the
environmental impact of marine accidents.
Several severe cases within the industry hit the
headlines during the late 1960s. This causes the
International Maritime Organisation (IMO) to
act, creating fresh opportunities for those who
can interpret the signals in time and decline
for those who cannot.
To be continued.
NR.02/14
The new Lind (1960) is the world`s first stainless steel tanker
21
10
22
2
Our Odfjell Moments
The 100 Moments campaign will run throughout 2014.
In this edition of Quarterly we proudly present the ten
best photos in the campaign that were submitted in the
period from 1 February – 9 May 2014. The winners will
receive a small token of appreciation. In each Quarterly
edition during 2014 we will present the best photos from
each period, so keep submitting your favourite Odfjell
moments to: [email protected]
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Odfjell headquarters in springtime. By Tina Steimler Kartvedt
Bow Sea. By Victor Michael Deligencia
Making cake on board Bow Sky. By Jobby Paguagan
By Susan Chong
Bow Gallant at Falmouth UK. By Francisco Villan
Happy colleagues on Bow Sea. By By Victor Michael Deligencia
Catwalk on Bow Sea. By Victor Michael Deligencia
Odfjell Academy training. By Mario Dumangas
Sharing experience through photos. By Rhannel P. Alaba
Bow Saga SF Houston Pilot. By Ralph Tolentino
9
7
1
NR.02/14
6
23
8
5
3
4
24
Andreana Aleksie P. Bacay
Jakob Jamt Ånonli
Winners of kids drawing competition
In late March two drawings of the kids drawing competition were selected as winners.
The drawings by Andreana Aleksie P. Bacay
(10 years) from the Philippines and Jakob
Jamt Ånonli (14 years) from Norway, were
selected as the winners by the external jury,
artist Torild Stray.
We received 68 wonderful drawings in total for
this competition from all around the world.
With so many fantastic drawings, it was a tough
decision for the artist to select the winners. The
two winners will be invited as honoured guests
to the naming ceremony of a new vessel in
Korea in August/September this year.
We would like to thank all the children who
submitted drawings for this competition. It
was clear that they had put a lot of work into
their drawings. We hope that those working
on board our newbuilding will be very happy
to find out that the new décor on board has
been made by children of Odfjell employees.
The winners:
Andreana Aleksie P. Bacay (10 years old,
The Philippines)
Andreana is the daughter of Captain Lorico
Bacay. She is a grade 4 student at Morning Star
Montessori School. She loves to read books,
paint and make fashion design. She also plays
the violin. Andreana has loved painting since
she was young and really likes to inspire people
and show her emotions through her drawings.
Jakob Jamt Ånonli (14 years old, Norway)
Jakob is the son of Gina Jamt Ånonli, Finance
Coordinator at the headquarters in Bergen. He
is a grade 9 student in the middle school. He
is interested in computer technology and likes
to play football in his spare time. He is really
excited about winning this drawing competition and is looking forward to participating at
the naming ceremony in Korea.
Artist Torild Stray, the external jury, studying the
submitted drawings
Crew and Allottees Conference in Cebu
- Celebrating Odfjell's 100th year
By Jennifer Franco, Information Officer, Manila
NR.02/14
25 years awardee Electrician Arne Alegarbes sharing his
message to Odfjell
The children took also part in the celebration
On 26 April 2014, 50 crew families from Cebu
and nearby provinces joined Odfjell in the
Philippines (OiP) in celebrating Odfjell’s
100th year. 170 ‘Odfjellans’ from the region
gathered at the Waterfront Hotel and Casino
in Lahug, Cebu to participate in the activity.
Owner’s Representative Carl Martin
Faannessen opened the event with updates
on the Company’s financial standing and
developments in the fleets. In his opening
remarks he also emphasized the family’s role in
promoting safety among seafarers on board. He
encouraged the families to always remind their
seafaring family members to come home safe.
Owner's Representative in the Philippines, Carl Martin
Faannessen, delivering the opening remarks
families about Odfjell’s roots as a company.
Information Officer Jennifer Franco presented
the milestones of Odfjell’s 100 years in the
shipping industry. A fun quiz show about
Odfjell was conducted after the presentation.
As part of the event, the crew families were
given a chance to share their message to Odfjell.
dance and song number for the crowd. Czarina
Rae Cahutay, daughter of Chief Steward
Primitivo Cahutay, delivered a remarkable
speech about her experiences as a seafarer's
daughter.
Electrician Arne Alegarbes and Chief Steward
Primitivo Cahutay, both long-serving sailors,
delivered inspirational messages about their
years with Odfjell. Both expressed their gratitude and pride to have taken part in shaping
Odfjell’s 100 years.
In 2014, all Odfjell crew and family gatherings
to be hosted by OiP will celebrate Odfjell’s 100th
year. Other regional venues will include Davao,
Iloilo and Manila.
Learning about Odfjell history
Special presentations
from children of seafarers
One of the aims of the event is to inform crew
The children of the seafarers rendered special
100 year celebrations
in other Philippine regions
Thank you to all crew families who participated
in Odfjell’s 100 year celebration in Cebu!
OUR HISTORY
As part of our 100 years celebration we have made a leaflet presenting the Odfjell
history through the past 100 years, presenting how a Norwegian family business
starting up with only one vessel has developed into today's world-leading logistics
service provider for chemicals, other specialty bulk liquids and LPG/Ethylene.
25
Sea and shore ODFJELL QUARTERLY magazine
New office for
Odfjell UK
By Peter Grimes, Managing Director, Odfjell UK
The Odfjell UK office building in Leatherhead, London
26
At the end of March, Odfjell (UK)
vacated their central London offices
which they had shared with Unisea
Maritime since the merger of Odfjell
Tankers and Seachem back in 2000.
The old style mews building situated in
the up market area of Belgravia, close to
Buckingham Palace, will be converted
back to its original use of a residential
property. Odfjell (UK) considered various
options on the location for their new office
including several sites within central
London and on the outskirts. We finally
decided on locating in Leatherhead,
strategically placed only 30-40 minutes
from both Heathrow and Gatwick airports, close to the Orbital London M25
motorway and still only 35 minutes in to
the heart of London by train.
The 2014 Holmenkollen Relay Race
Odfjell once again entered a team of sporty runners into the annual Holmenkollen Relay
Race in May this year.
Back from left: Torbjørn Røsland,
Ole Ivar Steinsland, André
Lillebø, Lars Erik Kleiven, Leif
Hopland and Hans Gannestad
Middle from left: Luis-A.
Salomon, Leif Gunnar Alvær,
Hilde Aarsæther and Kristine
Irgens Solem
Front from left: Kevin Grinland,
Kristoffer Ramstad, Jarl Kåreson
Hakvåg, Karoline Andrea
Gjellestad and Sindre Lauvås
10th anniversary celebration for Odfjell Korea
By JH Kim, General Manager, Odfjell Korea
On 26 March, Odfjell Korea celebrated its
10th anniversary at the Park Hyatt Hotel,
Busan where floor-to-ceiling glass windows
offer breath-taking views of the ocean.
It has been ten years since Odfjell took over
the ‘General Agency’ activities from the subagency in Korea. As activities changed hands
the agency began operating under the name
‘Odfjell’ and cost savings could be made.
67 port calls of Odfjell Tankers vessels and
180 port calls of Odfjell Asia vessels were
operated in Korea last year.
2014 is a memorial year, not only for Odfjell
Korea but also for the Odfjell Group celebrating its 100th anniversary. I look forward to
continued success in our worldwide business and would like to express my heartfelt
Everybody had an enjoyable dinner admiring the
spectacular views
thanks to all Odfjell colleagues in Bergen and
those in overseas offices and of course to
our team in Korea. We also wish all the best
to Port Captain Jan Harald Otterskred who
will relocate to Singapore this coming July.
New office for Odfjell India in Mumbai
By Manisha Desai, Commercial Manager, Odfjell India
Odfjell India moved into a new office location
8 March this year. Due to lack of space at the
previous office location, there was a need for
more work stations and a bigger conference
room. The current office is bigger, better and
more modern, and with this in place we are
ready to meet the expected growth in our
activities in this area.
The official office warming ceremony was
performed on 8 March and the office was fully
functional from 24 March. We want to thank
all those being involved in the process.
Odfjell India staff at the new office reception area
‘Ghana Hom’ puja being performed by Hindu priest
wishing the business, the office and its staff prosperity
and peace. Manisha Desai and Sujata Shetty are the lucky
ones representing Odfjell at this Puja
Showing our Odfjell roots
at AFPM in San Antonio
By Arlene Adams, Alexis Colon and Petter Maasoe - The Houston AFPM committee
Nevertheless, Odfjell made every effort to make
the 100-year celebration a proud moment.
Most years the hired suite and meeting rooms
are functional and practical. This year we
spruced it up and added a bit of flare for the
celebration.
There were many attendees and as always, the
Odfjell annual reception brings more people
to the event than just those invited as it has
become a ‘regular event’ in everyone’s AFPM
calendar. This year people came prepared for
the 100-year celebration with some arriving
early and many staying late. As usual, the
blend of Odfjell wines, combined with delicious food and a positively exuberant mood
created a successful reception, which will long
be remembered.
The Odfjell movie was magnificent on the 40 foot spandex screen and the room came alive as the movements of the
vessels and personnel on the screen manifested itself with clarity and sound
The three key messages that firmly embedded
throughout the evening were: Who we are, Our
History and Our Message.
The movie was magnificent on the 40 foot
spandex screen and the room came alive as
the movements of the vessels and personnel
on the screen manifested itself with clarity
and sound. Our history was also displayed on
the big screen, which was easy to follow and
extremely impressive. Our Chairman’s speech
was genuinely personal and powerful, engaging
every attendee in the room. Out of the 200
guests on the evening, none left without knowing our roots, our presence or our mission.
Thank you to all who joined the celebrations
and to those working tirelessly behind the
scenes, both from overseas as well as locally.
We hope the 100-year event manifests itself
as well, if not better in the other regions, as
the 100-year celebrations continues.
Bank presentation in Bergen:
- Building long-term relationships
At the annual Odfjell bank presentation on
13 May 2014, 15 of our lending banks with
30 bankers took the opportunity to get an
in-depth presentation of our financial status
and our business areas.
After the presentations the guests were
invited to a dinner at Ulriken – the highest of the seven mountains surrounding
Bergen, 643 meters above sea level. In a
speech delivered from Martin Konitzer of
HSH Nordbank, he stated that Odfjell is a
very reliable and a true long-term partner,
and that events like these bank presentations
are of great importance for both the banks
and Odfjell. – The substantial interest in
participating is a good sign that our guests
welcome what we are doing and building a
strong long-term relationship with them,
says Tom A. Haugen, VP Finance.
The evening’s entertainment was free and
performed by the nature itself. Being at an
altitude of 643 gave the opportunity to see
down at the city of Bergen. This evening, the
weather portrayed a combination of fog and
sun, making the view pretty mystical and
spectacular of the sunset over Bergen.
From left: Laurence Odfjell, Bjørn Amundsen
(Handelsbanken), Paal Minne (Nordea), Hans Ljøen
(Nordea) and Dave Ellis (Odfjell Terminals)
NR.02/14
The 39th Annual AFPM took place in San
Antonio, Texas. This is the most attended convention in the US, with this year nearly 3,000
participants from all corners of the world.
The venue was upbeat, especially in terms of
the shale gas expansions, new plant productions and joint ventures. However, there were
also concerns regarding the continued weak
results for the shipping companies.
27
Sea and shore ODFJELL QUARTERLY magazine
The rescued sailboat alongside Bow Clipper for evacuation of the three sailors
28
Bow Clipper rescued three
sailors 350 miles off Virginia
On Thursday 22 May, Bow Clipper rescued
three sailors, Larry Monesson, 60, Sean
Monesson, 40, and James Moore, 40, after
their 41-foot sailboat, the Elusive, was beset
by storms in the Atlantic Ocean, approximately
350 miles east of Virginia Beach.
The father of James Moore contacted Coast
Guard 5th District Command Center watchstanders at approximately 1 a.m. the 22 May
reporting he received a message via satellite
phone from his son. The message stated the
crew of the Elusive were experiencing high
winds, 25-foot ocean swells and engine failure,
but were attempting to repair the engine and
not requesting assistance at the time.
District command center watchstanders
established a communication watch with the
crew of the Elusive. The watchstanders also
conducted a search for the closest automated
mutual-assistance vessel rescue (AMVER) ships
to the distress and conducted an enhanced
group call (EGC), a broadcast service using
the Inmarsat communication system, asking
for possible assistance from ships in the area.
The crew on board Bow Clipper responded
to the Coast Guard's EGC broadcast and contacted the crew of the Elusive via VH-F radio.
At approximately 5 p.m., a crewman on board
the Elusive contacted the district command
center watchstanders and informed them the
situation worsened, and the crew intended to
abandon ship and transfer to the Bow Clipper.
The two crews coordinated the rescue and
at approximately 7:15 all three people were
reported safe on board Bow Clipper. – Thanks to
the incredible seamanship of Captain Manner
and the entire crew of Bow Clipper all three of
us made it off the sailboat intact, and I cannot
thank them enough for that, James Moore
expressed.
- The early communications by the crew of the
Elusive and the proactive response by the crew
of Bow Clipper allowed the watchstanders to
arrange for Bow Clipper to be in position to
effect an immediate rescue when the situation
aboard the sailing vessel Elusive deteriorated,
said Lt. Cmdr. Tim Eason, the 5th District's
search and rescue mission coordinator.
Bow Clipper brought the three sailors to
Wilmington, North Carolina.
Personnel ODFJELL QUARTERLY magazine
NEW HIRES
Houston
Joe Nassif
President OTH
& Odfjell USA
01.03.14
Loyd Dean Supervisor I&E
28.04.14
Don Williams
Operator
28.04.14
Aaron Watkins
Operator
28.04.14
Jason Carter
Operator
28.04.14
Samantha Sims
Accounts Payable
Clerk
07.04.14
General Accountant
21.04.14
Manila
Alan Peterson
Mechanical Integrity
Engineer
05.05.14
James Leist
Phillip Nandlal
Operator
28.04.14
Operator
28.04.14
Rotterdam
Jeroen Mostert
Group Business
Controller
01.04.14
Hans Goris
Maintenance
Specialist E&I
01.04.14
Alex Schoots
Process Safety
Engineer
01.04.14
Lyndon Simon
Operator
28.04.14
Kyle Walker
Operator
28.04.14
Mumbai
Singapore
Smita Manik
Kharat
Albert Then
Trainee
14.04.14
Accounts
Assistant
21.03.14
Josh Warfield
Arnel Pinedo
Operator
28.04.14
Coordinator Fleet
Performance
24.03.14
Karen Tan
Armando A. Antenor
Administrator HR
28.04.14
Marine Superintendent
01.04.14
Relocations
Shanghai
FLUMARbergenhouston
In memory of
Role Losauro
Jing Jiang Accountant
26.03.14
Rogério Luiz Dos
Santos Accounting
Analyst Sr.
17.02.14
25
years Bergen
Einar Kvalheim
Senior Ship Operator
17.04.89
Fernando Pavan
Marulli
Purchases
Auxiliary
24.02.14
Shamlin Chetty Ship Operator
From Durban to
Bergen
24.03.14
25
30
years
years Bergen
Conny Fredheim
Crewing Officer
01.06.84
Anup Chatterjee
Senior Ship
Broker
From Mumbai
to Houston
01.04.14
Rotterdam
Martinus den Hertog
Warehouse Employee
01.05.89
It is with deep regret we have to inform
that Fitter Role Losauro suddenly
passed away on board Bow Elm 31
May. Role Losauro started as Fitter
on board Bow Hunter in 2007. Since
01.02.2014 he held the position as
Fitter on board Bow Elm.
Our thoughts are with his family and
friends for the loss they have suffered.
NR.02/14
Hadya Kamal 29
FLEET & TERMINALS ODFJELL QUARTERLY magazine
as per 6 June 2014
CHEMICAL TANKERS OWNED
YEAR
SHIP
BUILT
DWT
CBM
30
Bow Pioneer Bow Nangang Bow Dalian Bow Fuling Bow Lind Bow Elm Flumar Brasil Bow Harmony Bow Saga¹ Bow Sirius¹ Bow Sea Bow Engineer Flumar Maceio Bow Summer Bow Spring ¹ Bow Star Bow Santos
Bow Sun Bow Firda Bow Chain Bow Andes Bow Condor Bow Fortune Bow Master Bow Pilot Bow Sailor Bow Cecil Bow Flora Bow Balearia Bow Oceanic Bow Bracaria Bow Brasilia Bow Cardinal Bow Faith Bow Aratu Bow Querida Bow Cedar Bow Atlantic Bow Fagus Bow Clipper Bow Flower Bow Victor 2013
2013
2012
2012
2011
2011
2010
2008
2007
2006
2006
2006
2006
2005
2004
2004
2004
2003
2003
2002
2000
2000
1999
1999
1999
1999
1998
1998
1998
1997
1997
1997
1997
1997
1997
1996
1996
1995
1995
1995
1994
1986
75 000 9 156 9 156 9 156 46 047 46 098 51 188 33 619 40 085 49 539 49 511 30 086 19 975 49 592 39 942 39 832 19 997 39 842 37 427 37 518 16 020 16 121 37 395 6 046 6 008 6 008 37 369 37 369 5 846 17 460 5 846 5 800 37 446 37 479 13 843 10 106 37 455 17 460 37 375 37 221 37 221 33 000 86 000 10 523 10 523 10 523 48 698 48 698 55 452 38 052 52 126 52 155 52 107 36 274 21 713 52 128 52 127 52 127 21 846 52 127 40 645 40 621 17 120 17 622 40 619 7 018 7 005 7 011 40 515 40 515 6 075 19 616 6 071 6 067 41 487 41 487 15 834 11 181 41 488 19 588 41 608 41 596 41 492 34 500 STAINLESSNUMBER
STEEL, CBM
OF TANKS
-
10 523 10 523 10 523 -
-
-
38 052 52 126 52 155 52 107 36 274 21 713 52 128 52 127 52 127 21 846 52 127 40 645 40 621 17 120 17 622 40 619 7 018 7 005 7 011 33 236 33 236 6 075 19 616 6 071 6 067 34 208 34 208 15 834 11 181 41 488 19 588 34 329 34 328 34 213 21 975 Time Chartered/Pool YEAR
SHIP
BUILT
DWT
CBM
Bow Tribute Bow Trajectory UACC Mansouria
UACC Marah UACC Masafi Chemroad Hope RT Star SG Pegasus Southern Koala
BW Stream Bow Tone Bow Hector Southern Ibis Southern Jaguar BW Mia Bow Sagami Bow Kiso Bow Heron Celsius Mayfair
Bow Fuji Celsius Manhattan
Moyra Bow Sky² Bow Architect Celsius Monaco Celsius Mumbai Chembulk Sydney Celsius Miami Golden Top
Chembulk Wellington Bow Asia² Bow Singapore² Bow Americas SG Friendship
Bow Jubail² Bow Mekka² Bow Riyad² Bow Eagle JBU Sapphire³ 30
14
14
14
29
29
14
16
40
40
40
28
22
40
40
40
22
40
47
47
22
30
47
14
14
14
47
47
20
24
20
20
52
52
29
18
52
24
52
52
52
31
2014
2014
2013
2013
2012
2011
2011
2011
2010
2010
2009
2009
2009
2009
2008
2008
2008
2008
2007
2006
2006
2005
2005
2005
2005
2005
2005
2005
2004
2004
2004
2004
2004
2003
1996
1995
1995
1988
2009
49 622
49 622
45 352
45 249 45 352 33 552 26 199 13 086 21 290
19 998 33 625 33 694 19 905 19 997 19 702 33 641 33 641 33 707 19 999
19 805 19 807 19 806 40 005 30 058 19 999 19 993 14 271 19 991 12 705
14 312 9 901 9 888 19 707 19 773
37 499 37 272 37 221 24 728 19 860 STAINLESSNUMBER
STEEL, CBM OF TANKS
53 188
53 188
52 566
52 565 52 565 37 161 27 912 14 523 20 008
22 161 37 974 37 384 22 158 22 157 22 094 38 000 37 974 37 365 21 714
22 140 22 143 22 838 52 126 36 290 21 851 22 186 16 571 22 192 13 388
15 591 11 088 11 089 22 735 21 651
41 488 41 606 41 492 32 347 22 144 -
-
-
-
-
37 161 27 912 14 523 20 008
22 161 37 974 37 384 22 158 22 157 22 094 38 000 37 974 37 365 21 714
22 140 22 143 22 838 52 126 36 290 21 851 22 186 16 571 22 192 13 388
15 591 11 088 11 089 22 735 21 651
34 209 34 257 34 213 19 662 22 144 2 272 494 2 555 595 1 954 616
22
22
22
22
22
18
18
16
20
20
16
16
20
20
26
16
16
16
20
22
22
18
40
28
22
22
20
22
22
20
20
20
36
26
52
52
52
25
16
Number of ships: 81 ¹ Vessel beneficially owned through financial lease.
² Vessel on bare-boat charter.
³ Vessel on variable time charter/pool.
LPG/ETHYLENE CARRIERS OWNED
SHIP
YEARNUMBER
BUILT
DWT
CBM
TYPE
OF TANKS
Bow Gallant Bow Guardian
2 008 2 008 10 282 10 282 8 922 8 922 LPG/Ethylene LPG/Ethylene 2
2
TIME CHARTERED
Berlian Ekvator 2 004 26 776 35 000 LPG/Ammonia 3
47 340 52 844 Number of ships
3 w w w . o d fj e l l . c o m
7
2 264
ON ORDER:
Chemical Tankers
YARD
DELIVERY
Hyundai Mipo Dockyard., Ltd
" 2014
2014
49 622
49 622
Number of newbuildings: 2
99 244 LPG/ETHYLENE CARRIERS
YARD
DELIVERY
Nantong Sinopacific Offshore & Engineering Co., Ltd
"
" " "
"
"
"
2015
2015
2016
2016
2016
2016
2017
2017
DWT OWNER Odfjell
Odfjell
CBM OWNER 17 000
17 000
17 000
17 000
22 000 22 000
22 000
22 000
Comments
Comments
Odfjell Gas
Odfjell Gas
Odfjell Gas
Odfjell Gas
Odfjell Gas
Odfjell Gas
Odfjell Gas
Odfjell Gas
Odfjell Terminals (Rotterdam) BV Odfjell Terminals (Houston) Inc Odfjell Terminals (Charleston) LLC Odfjell Terminals (Jiangyin) Co Ltd Odfjell Terminals (Dalian) Ltd Odfjell Terminals (Korea) Co Ltd Oiltanking Odfjell Terminal Singapore Ltd Oiltanking Odfjell Terminal & Co. LLC Noord Natie Terminals Exir Chemical Terminals PJSCO 1 636 100 331 334 79 491 99 800 119 750 313 710 365 051 1 294 780 350 000 22 000 32 550 82 033 -
30 000 18 350 15 860 13 520 -
50 800 1 000 281
100
9
22
51
85
79
66
241
18
Total terminals 10 terminals 4 612 016 PROJECTS AND EXPANSIONS
LOCATION
OWNERSHIP
Cbm
Odfjell Nangang Terminals (Tianjin) Co.,Ltd Tianjin, China 24.99 %**
137 800 Odfjell Terminals (Houston) Inc Houston, USA 51 %**
47 970 Oiltanking Odfjell Terminal Singapore Ltd
Singapore
25.5 %**
12 000
Odfjell Terminals (Quanzhou) Fujian Fujian, China 25.5 %**
184 000 244 113 STAINLESS STEEL Cbm
7 000 30 800 0
-
952
ESTIMATED
COMPLETION
Q4 2014
Q2 2014/Q3 2015
Q1 2015
Q1 2016
Total expansion terminals Rotterdam, NL Houston, USA Charleston, USA Jiangyin, China Dalian, China Onsan, Korea Singapore Sohar, Oman Antwerp, Belgium BIK, Iran
51 %**
51 %**
51 %**
28.05 %** 25.5 %** 25.5 %** 25.5 %** 15.17 %** 12.75 %** 35 % 2 new terminals 381 770
TANK TERMINALS Partly OWNED BY RELATED PARTIES*)
LOCATION
Cbm
NR.02/14
Number of newbuildings: 8
156 000
STAINLESSNUMBER
TANK TERMINALS
LOCATION
OWNERSHIP
CBM
STEEL, CBM
OF TANKS
31
37 800 STAINLESS number
STEEL Cbmof tanks
Depositos Quimicos Mineros S.A.
Granel Quimica Ltda
Granel Quimica Ltda
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.
Terquim S.A.
IMTT-Quebec
Callao, Peru
Santos I, Brazil Rio Grande, Brazil
Sao Luis I, Brazil Ladario, Brazil Triunfo, Brazil Teresina, Brazil Buenos Aires, Argentina Campana, Argentina San Antonio, Chile
Mejillones, Chile
Quebec, Canada
52 980 97 720 61 150 75 710 8 060 12 030 7 640 38 826 68 580 32 840 16 870 293 130 1 600 19 880 2 900 -
-
-
-
530 10 190 -
-
5 500 43 99 32 35 6 2 6 56 102 25 7 53 Total tank terminals partly
owned by related parties 12 terminals 765 536 40 600 466
PROJECTS AND EXPANSIONS
partly OWNED BY RELATED PARTIES*)
LOCATION
Granel Quimica Ltda
Granel Quimica Ltda
Granel Quimica Ltda
Terquim S.A.
Granel
Quimica Ltda
Aracruz, Brazil Santos II, Brazil Sao Luis II, Brazil
Mejillones, Chile
Palmas, Brazil 30 000
52 000
52 750
50 000
10 000
-
-
-
-
-
Total expansion terminals partly
owned by related parties 4 new terminals
194 750
-
Grand total (incl. related tank
terminals partly owned by related parties) 22 terminals 5 377 552 284 713
Cbm
*) Tank terminals and projects partly owned by Odfjell family. **) Odfjell SE's indirect ownership share
COMPLETION
ready Q3 2015
ready Q4 2015
ready Q3 2014
ready Q3 2015
ready Q2 2014
MAIN OFFICE ODFJELL
Odfjell SE - Odfjell Tankers AS – Odfjell Gas AS
Conrad Mohrs veg. 29,
P.O. Box 6101 Postterminalen - 5892 Bergen, NORWAY
Tel: +47 5527 0000
Fax: +47 5528 4741 - Fax: +47 5527 9070 (Chartering/Operations)
MAIN OFFICE TERMINALS
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.
13100 Space Center Blvd.
Suite 600
Houston, TX 77059
USA
Tel: +1 713 844 2200
Fax: +1 713 844 2211
Odfjell Singapore Pte Ltd
6 Shenton Way, # 27-08/09
OUE Downtown 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
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 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 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 India
408 A Everest Grande
Mahakali Caves Road, Andheri (East)
Mumbai 400093, INDIA
Tel: +91 22 6695 4701
Fax: +91 22 6695 4707
Odfjell Durban (Pty) Ltd
61 Bulwer Road, Glenwood
P.O.Box 4045
Durban 4021, SOUTH AFRICA
Tel.: +27 31 2770880
Fax: +27 31 2770899
Odfjell Tankers AS, Korea Branch
Room 1815, Gwanghwamun Officia
Bldg.
163 1-Ga Shinmunno, Jongno-Gu
Seoul, 110-999 SOUTH KOREA
Tel: +82 2 775 9760
Fax: +82 2 775 9761
Odfjell Korea Ltd.
136, Cheoyong-Ri,
Onsan-Eup, Ulju-Gun
Ulsan 689-892, SOUTH KOREA
Tel: +82 52 227 5527
Fax: +82 52 227 5567
Odfjell Philippines Inc.
4th Flr Atlantis Beacon Tower
2315 Leon Guinto St.
Malate, Manila 1004
PHILIPPINES
Tel: +6325280341
Fax: +6325262256
Odfjell (UK) Ltd
Dorset House
Regent Park
Kingston Road
Leatherhead KT22 7PL
UNITED KINGDOM
Tel: +44 1372 824330
Odfjell Peru
Av. Enrique Meiggs, 240
Urb. Chacaritas,
Callao, PERU
Tel: +51 1 614 0800
Fax: +51 1 614 0801
Odfjell Chile
Rosario Norte 100
Office 304
Las Condes
Santiago
CHILE
Tel: +56 2 2294 700
Odfjell Middle East JLT, Dubai
Units no. 2402-2404, Platinum Towers
Jumeirah Lake Tower
P.O.Box 75450
Dubai, UNITED ARAB EMIRATES
Tel: +971 4 426 9700
Fax: +971 4 426 9701
REGIONAL OFFICES
Odfjell Singapore Pte Ltd
6 Shenton Way, # 27-08/09
OUE Downtown 2
SINGAPORE 068809
Tel: +65 6349 1300
Fax: +65 6224 2285
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 Tankers Europe AS
Conrad Mohrs veg 29
P.O.Box 6101 Postterminalen
5892 Bergen, Norway
Tel: + 475527 0000
Fax: + 475527 9070
Oiltanking Odfjell Terminals
& Co. LLC.
P.O. Box 369, Fajal Al Qubail
PC 322 SULTANATE OF OMAN
Tel: +968 2670 0300
Fax: +968 2670 0306
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
Oiltanking Odfjell Terminal
Singapore Pte Ltd
1 Seraya Avenue
SINGAPORE 628208
Tel: +65 6473 1700
Fax: +65 6479 4500
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
TERMINALS
Odfjell Terminals (Houston) Inc.
12211 Port Road
Seabrook, TX 77586, USA
Tel: +1 713 844 2200
Fax: +1 713 844 2211
Odfjell Terminals (Charleston) LLC
1003 East Montague Avenue
North Charleston S.C 29405, USA
Tel: +1 843 714 6300
Fax: +1 843 714 6350
Odfjell Terminals (Rotterdam) BV
Harbour Number 4040, 3197 KJ
Rotterdam-Botlek
The NETHERLANDS
Tel: +31 102 953 400
Fax: +31 104 384 679
Noord Natie Terminals NV
Haven 227-241, Blauwe Weg 44
2030 Antwerp - Belgium
Tel: +32 (0)3 543 99 00
Fax: +32 (0)3 543 99 38
Odfjell Terminals (Korea) Co, Ltd
136, Cheoyong-Ri Onsan-Eup,
Ulju-Gun, Ulsan 689-892,
SOUTH KOREA
Tel: +82 522 311 600
Fax: +82 522 376 636
Odfjell Terminals Quanzhou (Fujian)
Co.,Ltd
3rd Floor, Xingtong Shipping Tower,
6th Port St East,
Quangang District, Quanzhou, 362800
Fujian Province, P.R. China
Tel: +86 595 2772 8628
Telefax: +86 595 2772 8680
Odfjell Nangang Terminals (Tianjin)
Co., Ltd
Room D310, Section D
Office Building, Servicing Area, TEDA
(Nan-Gang Industrial Zone)
300280 Tianjin, PR CHINA
TANK TERMINALS PARTLY OWNED BY RELATED PARTIES
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
Terquim S.A
Molo Sur S/N
P.O. Box 148, 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

JunE 2014

Transcription

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