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Company Magazine for the Odfjell Group - March 2005

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from around<br />

<strong>the</strong> world<br />

Greetings<br />

<strong>Odfjell</strong> Asia with successful<br />

marketing meeting<br />

By Atle Knutsen and Gregg Plunkett<br />

<strong>Odfjell</strong> Asia held its annual market<br />

seminar February 24-26th, ga<strong>the</strong>ring<br />

members from our offices in <strong>the</strong><br />

region. The objectives of <strong>the</strong>se meetings<br />

are to review market developments,<br />

discuss renewal of upcoming<br />

contracts and analyze our competitors’<br />

positions and moves. Of course, ano<strong>the</strong>r<br />

important element is <strong>the</strong> opportunity<br />

<strong>for</strong> intra-company networking.<br />

At this year's meeting we dwelled quite<br />

a lot around <strong>the</strong> positive market trends,<br />

and discussed how <strong>Odfjell</strong> Asia can<br />

benefit from <strong>the</strong>se when initiating new<br />

activities. We also focused on <strong>the</strong><br />

composition of our contract portfolio,<br />

to enhance operational flexibility benefiting<br />

<strong>the</strong> bottom line. Fur<strong>the</strong>r <strong>the</strong><br />

group spent substantial time discussing<br />

how to achieve improved results<br />

through better asset utilization and<br />

operational efficiency. The market will<br />

continue to improve in <strong>the</strong> region, and<br />

we can still make improvements to our<br />

own operation.<br />

From <strong>the</strong> sessions. From left: Gregg Plunket, Thomas Haaland, Sudesh Kamath,<br />

Alireza Kaveh, Zhu Guohe, Priscilla Chew and Adam Kuner.<br />

Thomas Haaland headed <strong>the</strong> successful<br />

market session. Presentations from <strong>the</strong><br />

various members were interesting and<br />

educational, and an active participation<br />

in <strong>the</strong> exchange of ideas was<br />

noteworthy and refreshing. During <strong>the</strong><br />

time toge<strong>the</strong>r <strong>the</strong> group also socialized,<br />

and on Saturday we toured <strong>the</strong><br />

Singapore harbour with <strong>the</strong> added<br />

benefit of seeing some of <strong>the</strong> various<br />

terminals in <strong>the</strong> port, including our<br />

own Oiltanking <strong>Odfjell</strong> Terminal<br />

Singapore.<br />

The tsunami that so severely struck countries<br />

around <strong>the</strong> Indian Ocean at <strong>the</strong> end of 2004<br />

aroused a tremendous disaster relief ef<strong>for</strong>t<br />

throughout <strong>the</strong> world. <strong>Odfjell</strong> Headoffice<br />

quickly reacted to <strong>the</strong> seriousness of <strong>the</strong><br />

catastrophe through financial support to <strong>the</strong><br />

International Red Cross. Later on some of<br />

our subsidiaries made local initiatives to support<br />

<strong>the</strong> victims of <strong>the</strong> tsunami. This is <strong>the</strong><br />

story from our Houston office.<br />

We thank everybody <strong>for</strong> <strong>the</strong>ir contribution<br />

to this market meeting and appreciate<br />

all <strong>the</strong> good work of <strong>the</strong> offices in<br />

<strong>the</strong> region.<br />

Tsunami Relief Drive at<br />

<strong>Odfjell</strong> Houston<br />

drive ended we were able to present<br />

<strong>the</strong> International Red Cross with a<br />

During <strong>the</strong> boat trip. From left: Helge<br />

Olsen, Inga Berit Rongevær, Gregg<br />

Plunkett.<br />

check <strong>for</strong> $7,370. A big thank you goes<br />

out to all <strong>for</strong> participating!<br />

After <strong>the</strong> tsunami catastrophe in Asia<br />

on Boxing Day, <strong>Odfjell</strong>’s people in<br />

Houston felt <strong>the</strong> need to come toge<strong>the</strong>r<br />

and help. A relief drive was started<br />

among <strong>the</strong> employees on January 5th,<br />

and our local Wellness Committee, with<br />

a lot of help from o<strong>the</strong>r volunteers,<br />

enthusiastically took up <strong>the</strong> challenge<br />

to promote <strong>the</strong> drive internallys. We<br />

had a very positive response to <strong>the</strong><br />

fund drive, and when <strong>the</strong> two-week<br />

Denise Platt from <strong>the</strong> Red Cross received <strong>the</strong> Tsunami Relief check on January 26th,<br />

<strong>2005</strong>. Left to right: Bernt Netland, Denise Platt, Craig Thomas, Janet Mayer, Dodie<br />

Gober, Sherri Beck, Stacie Allen, Bert Noggle, Blanche Tarwater, Mernie Beiter,<br />

Drew Wharton and Cecilia Ramirez.<br />

24 ODFJELL Quarterly <strong>March</strong> <strong>2005</strong>

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