Quarterly December 2009 - Odfjell

HIGHlightSODFJELL QUARTERLY magazineOdfjell weather routing trial findings:- Concept trial run autumn 2008- Three Odfjell vessels tested externalweather routing- Used feedback from masters whenestablishing procedures to Odfjellrequirements- Reporting should be kept to a minimum- Route recommendations will bemade visual- External weather routing shall be anassistance to the master – not an extraburden.4External experiences:- IMO and DnV:Weather routing generates 2-5% fuelsavings- Vessels using external weather routingexperience more calm weather than onnon-routed voyages.Weather routing potential yearly:4,000-20,000 tonnes reduction in fuelconsumptionEmission savings of 60,000 tonnes of CO ²Emission saving of 1,100 tonnes of SO ²NR.04/ 095Calm weather eases the voyageThe experts at ATW consist of meteorologists, oceanographers and former mastersSaving fuel and the environment- Odfjell introduces external weather routingBy Margrethe Gudbrandsen- Weather routing will probably saveOdfjell between 4,000-20,000 metrictons of fuel annually, representing a costreduction in the million dollar rangeand also substantially lowering our CO ²and SO ² emissions, says Erik Hjortland,Odfjell Fleet Performance Analyst.In September, Odfjell decided to use weatherrouting for voyages longer than five dayswith start-up in November/December.Safer sailing routeWeather routing assists the master in findinga safe and efficient sailing route andthus, reaching the highest fuel efficiencyduring transit between two ports. By usingweather routing vessels will navigateto avoid heavy streams, high sea and roughweather, thereby also giving a safer journeyto crew, cargo and vessel.Today the Odfjell managed vessels use an onboard weather routing software programmecalled MetManager. The master receivesinformation such as weather and currentforecasts, and plans the route based on suchinformation. - MetManager is a very goodtool, but the data resolution is lower thanwhat a weather routing company can offer.This is mainly because of the enormousamounts of data being processed to generatethis kind of resolution, which the onboard computer cannot store and process.Erik Hjortland, Fleet Performance Analyst.This is one of the reasons why we will startusing external routing, says Hjortland.External routingExternal weather routing is conducted bylarge organizations manned around theclock all year long, solely focusing on analyzingand processing weather and currentsdata. Based on this they recommend optimalroutes. The supplier we have chosen,Applied Weather Technology (AWT), derivesweather data from a large number of officialmeteorological sources. AWT`s expert staff,with extensive experience in all ocean basinsand with all major ship types, interprets andbrings these data together to provide thebest possible weather routing informationand guidance to assist ship masters frominitial planning to the end of a voyage. - Ithas been very important to us that the routerecommendations provided to our mastersshall not be based on a computer generatedroute alone. The experts at AWT, consistingof meteorologists, oceanographers and formermasters, therefore add a very importanthuman touch to this. It is the combinationof MetManager and the external weatherrouting that will provide the best value formoney, says Hjortland. Vessels on externalmanagement will therefore be offered toinstall a similar software as MetManager,called BVS.Optional useThe route recommendations from AWT will,together with text explaining the rationalebehind it, be forwarded to the ships as filesready to be visualised in MetManager/BVS.The master can then run weather forecastand simulations in MetManager/BVS tocheck and validate the recommended route.Whether he chooses to reject the route, toadjust it or to use it as it is, AWT will be thereto assist and support by issuing weatherforecasts during the voyage. If necessarythey will also provide updates to the routerecommendation. - The key here is communicationand trust, and masters have accessto AWT`s 24 –hour Master Hotline, for discussionsand advise, states Hjortland.Masters need experienceSo far only three Odfjell vessels have testedexternal weather routing and thus, the experiencesare yet limited. - Several captains welcomesuch a system, especially now that wehave made adjustments in the procedures,making the tools simpler to use and reducethe time spent on planning an optimal route.On the other hand, some captains still seemto believe that they will be routed into morerough weather, thus giving less time at sea fordeck maintenance. However, by comparingactual voyages completed by our vessels withthe routes recommended by weather routingcompanies, we find that the recommendedroutes in general are in areas with more favourableweather conditions. Obviously onecannot always have calm weather, but AWTwill strive to find the best available conditionsas this improves our vessels’ speed performance,explains Hjortland.Customers’ requirementsThe increasing awareness of the global climateimpact of greenhouse gases, and CO ²in particular, is a factor when selecting theless environmentally detrimental way oftransportation. - Our customers will appreciatethat we become more fuel-efficient asa result of our use of weather routing services.The safety aspect is an added benefit,Hjortland points out.Limited butpositive experienceSo far few Odfjell captains have tried out thenew external weather routing service. CaptainJan Kåre Næss on Bow Sea has tried externalweather routing three times. The twofirst times ten years ago with another providerwhere the experience was not that good.The third time he tried the service with ATWwith a much better result. - Their first choiceof route I rejected, but I have to admit thatthey gave a splendid service so far with theroute I chose, Næss says.www.odfjell.comodfjell quarterly magazine

LANDMARKSODFJELL QUARTERLY magazineNR.04/ 096Tanks at Oiltanking Odfjell Terminal SingaporeBow Arar was the first vessel to call the new Jetty 10 at OOTS7New storage capacityin Singaporenew jettyin SingaporeBy Bay Chin HaoBy Jone AbotnesIn September this year, Oiltanking OdfjellTerminal Singapore (OOTS) successfullycompleted the final phase of its expansion.The tank farm Chem 6, comprising18 tanks ranging from 1,600 to 6,700cbm and with a total capacity of 59,800cbm, was commissioned, bringing OOTS’overall storage capacity to 365,000 cbm.This expansion of over 150,000 cbm representsan increase of capacity of morethan 70%, thereby attaining improvedeconomies of scale that will also benefitour customers.Plus a new jettyA new jetty (Jetty 10), designed with a maximumdisplacement of 55,000 Dwt, was alsoadded to support the additional businessassociated with the expansion. OOTS’ configurationand capabilities have been enhancedand as a result, now offers an evenmore comprehensive range of tank sizes ina variety of designs, capable of handling awide range of chemical products. The amplewaterfront with five jetties up to 80,000 Dwtmaximum displacement, makes the terminalwell equipped to serve the surroundingpetrochemical industry and the break bulkand hub needs of producers and tradersalike.Broad servicesSituated at the southeast tip of Jurong Islandin the Seraya/Merbau sector, OOTS is ideallylocated to support the earmarked ethyleneoxide and propylene oxide corridor andother petrochemical plants in the vicinityand beyond. To help ensure that OOTS continuesto play a valuable and efficient role inthe industry, it has strengthened its portfolioof services at the truck loading bays and itsjetties in particular. Its efficient waterfrontis supplemented by various ship servicesincluding bunker supply by pipeline anddouble banking capability, the only locationin Singapore approved by the SingaporeMarine Port Authority for such an activity.OOTS remains committed to continuallystrive to optimize its assets and add value tothe industry.With the growing needs of the petrochemicalindustry in general and in particular thefocus of Middle Eastern producers on AsiaPacific, OOTS shall strive to remain a valuableand reliable partner to serve both thelikes of chemical downstream productionplants and companies who choose Singaporeas their hub for Southeast Asia, India,South China and beyond.The new Jetty 10 at OOTS can accommodatevessels up to 55,000 Dwt displacement, maximumLOA 200 metres and a beam of up to32.5 metres. The maximum draft is 12.5 metres.Presently the jetty can handle up to tenproduct grades simultaneously. The berthwill also be handling propylene gas in thenear future. The new jetty is equipped withthe following shore lines for cargo handling:• 15 x 6” lines• 5 x 8” lines• 1 x 12” line• 1 x 4” line for receiving MARPOLrequired prewash• 3 x 6” vapor return lines, of whichone is made of stainless steelThree of the cargo lines are made of stainlesssteel.The jetty is constructed with a double sumpsystem: one wet sump for receiving rain waterand surface run-off water, and one drysump for receiving chemicals drained fromthe various drain points on the shoreline forcleaning and draining purposes.A more flexible terminalAs with the two existing jetties, Jetty 11 andJetty 12, Jetty 10 will also be able to deliverheavy fuel oil (HFO) and marine diesel oil(MDO) ex-pipe. This will expand the terminal’scapacity to quickly and safely provideany ship calling the three docks withquality bunkers. Jetty 10 will also be able tohandle double banking for direct ship-toshipcargo transfer, identical to Jetty 11 andJetty 12. The three jetties are interconnectedby loop lines, which allows the terminal tohandle cargoes for a range of customers atone single berth. The terminal will be ableto supply fuel to vessels concurrently withcargo operations at all three berths. Thisgreatly enhances the operational flexibilityand efficiency and thus, minimizes possiblecongestion on the jetties and reduces porttime for the ships. Jetty 10 will be connectedto the bunker system early 2010.The new jetty will, as the other jetties, alsobe able to provide vessels with fresh waterand nitrogen for tank purging purposes.Furthermore, it is now also possible for theships to take on board stores and provisionswhile alongside OOTS’ jetties 10, 11 and 12,pending prior application and approval.www.odfjell.comodfjell quarterly magazine

LANDMARKSODFJELL QUARTERLY magazineQuay 11 seen from the bridgeVessel transactionsthird quarter 2009New vessels• Bow Victor, 33,190 Dwt, built 1986.Sister vessel of Bow Viking• Bow Tone, 33,600 Dwt, newbuilding.On long term time charterEven bigger when you’re on the waterBow Viking’s sistership Bow Victor was acquired 1st SeptemberSold• Bow Pioneer, 23,000 Dwt, built 1982.Time charter back for a shorter period• Bow Hunter, 23,000 Dwt, built 1983.Time charter back for a shorter period8Proud colleaguesA historic day at OTRBy Theo KruithofAfter several years of development, onOctober 7 the new Quay 11 at OdfjellTerminals Rotterdam (OTR) was officiallyinaugurated, as the product tankerSalamis moored alongside the new quay.The project has almost been a back breakerfor many. Even during the last couple ofweeks before the completion intense effortswere made to finalize the project andget the quay mechanically complete andoperationally ready.Ready for actionFinally the day had come. Standing inanticipation Odfjell spectators witnessedFirst rope ashorethe accurate job of the harbour pilot, as thevessel was safely moored. The shear wallof an empty 183 metres long tanker reallyimpressed the spectators alongside. Oncethe ship was securely fastened, OTR’s ShiftA enthusiastically started connecting theloading arm and vapour return hose, a jobdone in no-time. Few hours later, the firstproduct transfer at Quay 11 was initiated.Important development- This new berth is of great importance forour Rotterdam terminal. The terminal’sthroughput and waterfront activities havesubstantially increased during the lastcouple of years, causing over-utilizationAnother 40 metres to goof our existing jetties. With this new berthwe expect to shorten turnaround times ofships, reduce demurrages and improve ourservice. The OTR management wishes tothank and recognize all employees involvedfor their determination and perseverance tosuccessfully bring this challenging projectfrom initial idea to initiation of operation,says Mr. Geert Eijsink, Managing Director ofOdfjell Terminals (Rotterdam) B.V.Disappointing 3rd quarter resultsBy Tom A. HaugenOdfjell’s third quarter 2009 net result wasa loss of USD 6 million. Tank terminalscontinue to perform very well, partlyon solid demand for storage globallyand partly on increased capacity. Theparcel tankers earnings are challengedby an extremely weak market for cleanpetroleum products and increased bunkercosts.The time charter result for our vesselsdecreased by about 15% the first ninemonths 2009 compared to the same periodlast year, and the average cost of bunkersin third quarter 2009 increased by aboutUSD 50 per tonne compared to the secondquarter. Fluctations in currency exchangerates and changes in the market valueof financial instruments related to fixedpurchase price for bunker and currencyincreased our equity ratio to 30.7%.Odfjell bond issueOdfjell has been present in the bond marketsince 2005. Today we have three bonds inthe market, two NOK bonds maturing in2010 and 2011, and one SGD bond maturinglate 2011. As the financial markets haveFACTA bond is a formal certificate of indebtednessissued by governments or business corporationsin return for loans. It bears interest andpromises to pay a certain sum of money to theholder after a definite period.Uncertain outlookThe global economic outlook continuesuncertain. - In our industry, with an oversupplyof chemical tankers, higher bunkerprices and a devaluing dollar, we find itdifficult to predict much improvement inthe short term. Most of our customers talkabout several years of low growth, eventhough some of our tradelanes are doingreasonably well. The balance between supplyand demand will likely start to improvein the second half of next year, through acombination of increased demand, of vesselrecycling and cancellation of vessels onorder, says Haakon Ringdal, CFO.The tank terminals around the world are stillgoing strong. This is expected to continuenext year and with the additional terminalcapacity coming on stream, 2010 will likelybecome better, helping along a positiveoverall company bottom line.started to normalize, we decided to offera new NOK 500 million bond maturing in2013. The proceeds from the bond will beused to repurchase parts of the 2010 and2011 NOK bond and to secure liquidity forother investments.With the help of DnB NOR Bank ASA, thebond was sold in less than 1 ½ day to about30 different investors. - We are pleased withthis investor confidence in Odfjell, saysHaakon Ringdal, CFO.Cancellation of time charter• Bow Asir, 23,000 Dwt, built1982.• Bow Arar, 23,000 Dwt, built1982.Odfjell takes over poolmanagement of intra –European tradesOdfjell has decided to take over thepool management of the joint-ventureOdfjell Ahrenkiel, and we will relocateit to Bergen, Norway within end ofJanuary 2010.Today the pool is operated and managedfrom Hamburg. The name of the pool“Odfjell Ahrenkiel” will remain no longerthan March 31st 2010.- Odfjell’s commitment to regional Europeantrade stands, and we will remainfocused on strengthening and furtherdeveloping our presence and services inthis area, says Arild Viste, VP CharteringTransatlantic & Logistics.NR.04/ 099www.odfjell.comodfjell quarterly magazine

LANDMARKSODFJELL QUARTERLY magazineNR.04/ 0910Amanda Aksnes, Social and Welfare OfficerPhysical activity may contribute to reduced sick leave11Electrician Bernardo M. Dela Jr. on Bow Flower operates the new automation system VL1Kværner goes MarimationNew engine monitoring and control system for the Kværner ClassBy Gunnar EideThe first five Kværner vessels were alloriginally equipped with an Autronica engineautomation system to monitor andcontrol the main engine, the auxiliaryengines and other systems in the engineroom. Today these systems are soon 15years and difficult to maintain due to lackof knowledge among service techniciansaround the world and spare parts that areboth expensive and hard to find.Developed in close cooperationLate 2008 Odfjell Ship Management signed acontract with the Swedish company MarimationAB, to deliver and install their automationsystem VL1 to these five ships. The first vessel,Bow Flower, got the system installed duringdrydock in Bahrain last June. Bow Riyad,Bow Mekka, Bow Clipper and Bow Fagus willfollow during their respective drydockings in2010. The VL1 system was developed in closecooperation with the Odfjell Ship ManagementTechnology Section. To get a systemthat is simple and easy to maintain at a lowcost, it is based on regular industry standardswidely used around the world. The main programruns on a SAIA PLC and the user interfaceis programmed in WonderWare.Few problemsIn October, after running the system onboard Bow Flower for three months, we hadan evaluation meeting on board. The crewhad experienced few start-up difficulties andsurprisingly few problems after installation.This is quite an achievement, as it is rathera complex upgrade involving more than 500sensors reconnected to the system.The system is operated in the same way asthe old one, applying two displays in theengine control room and one display in thechief engineer’s office. The look and feel ofthe new monitoring system is also kept asclose to the old system as possible. Alarmscome up on the screens in the same manneras before, so the crew can start using the systemright away.Details from the automation electronicsWorld-wide pandemicflu assessmentIn order to get an overview of the currentpandemic situation, a pandemic flu assessmentwas sent to all Odfjell locationsworld-wide. The response was very upliftingwith only Headquarters in Bergenhaving any reported cases. It is also importantto note that the cases in Bergenhave been of such a small scale that it hasnot been interrupting the daily running ofthe business. As these results are per midNovember, an update will be requestedfrom all locations in the beginning of December.Record low sick leaverate at seaThe sick leave rate among Odfjell’sNorthwest European seafarers is nowrecord low, with an average sick leave rateof 3.7%. As a comparison, this is nearly halfthe average for Norway during the secondquarter of 2009.- There may be several reasons for the positivedevelopment, but close follow-up anddialog with those on sick leave and measuresto foster an including working environmentare important causes, says Amanda Aksnes,Social and Welfare Officer at the Crewing sectionin Bergen.Sick leave follow-upOdfjell’s Northwest European seafarers onsick leave are being closely followed up bythe Social and Welfare Officer through meetings,telephone calls, e-mails and sms messages,even more than what is mandated bythe government. Close cooperation betweenthe company and the seafarers is crucial forfinding solutions to avoid sick leaves and tominimise time off. - In our contact with themariners it is important to see the whole person,to understand feelings, emotions andreactions, and also to take into considerationwhat is happening both at work and at home,says Aksnes.An including working environmentThe concept of an including working environmentoriginates from the cooperationagreement with the Norwegian Labour andWelfare Administration to foster a betterwork environment. The idea behind thisagreement, which Odfjell Maritime ServicesAS signed already at the beginning of 2008, isto turn a trend with an increasing number ofpeople taking long-term sick leaves or leavingthe workforce entirely.The Including Working Environmentagreement shall contribute to:• Improved working environment tothe benefit of the individual employees,the organisation and the society in general• Reduced sick leave and less peopleon disability pensions• Better use and development of theindividual person’s resources and capacityin active workwww.odfjell.comodfjell quarterly magazine

LANDMARKSODFJELL QUARTERLY magazine12New Odfjell website going liveThe new version of the Odfjell website willgo live mid December. The new corporatewebsite will have a new graphical design,with a restructured and updated content.– We will constantly improve the websiteas the technology we have chosen allowsus to further develop our Odfjell Websitewhen we like, says Margrethe Gudbrandsen,Communication Manager.Soon ready for a new intranetThese days Odfjell’s new intranet is underdevelopment. Odfjell Quarterly hasspoken with Project Manager Arne S.Helgesen of the ICT Business Applicationgroup, to learn more about the project.Project Manager Arne Sletten Helgesen.Example of a suggested sketch of the new websiteFirst of all, why do we replacethe existing intranet?- Actually we are replacing three intranets,the local intranets at the terminals in Rotterdamand Houston and the corporate intranetand merging them into one. Thereare two main reasons for introducing a newintranet: Firstly, the current technical solutionis outdated. Secondly we are aiming atbuilding one common intranet platform forthe entire Odfjell organization. We believethe new intranet portal offers the potentialto increase the users’ ability to performtheir jobs faster, more accurately, and withconfidence that they have the correct information.Hence, in addition to introduce thisfirst release we need to look at how the intranetis managed, content ownership is thekey here, says Helgesen.Progressive developmentThe new intranet will enhance all the functionalitieswe have on the existing intranet,but we are not closing the door on newfunctionalities. - Our goal is to keep developmentcosts at a minimum. By doing so wemake the scope more manageable and wealso think this is a reasonable large step forOdfjell. Our philosophy is to move forwardwith several smaller steps, rather than onehuge leap, explains Helgesen.What can you tell us about the technicalsolution?- The new system is built on the platformSharePoint 2007 from Microsoft. The positiveeffects from using a platform rather thandeveloping it from scratch are many, but inshort it is cost effective and has proved to be(www.odfjell.com)more reliable. It also makes future upgradesmore straightforward, informs Helgesen.A cost effective projectHow is it to run a project during timeswhen we are looking into all optionsfor reducing costs?- We have made several adjustments in orderto make the project most cost effective.For instance we are limiting travelling to abare minimum. Instead we are using MicrosoftLive Meetings that lets us share video,sound and applications, which has provedto be very effective.Soon readyFinally, when can we expect to seethe new intranet?- The project team is right now in a verychallenging phase where we focus both onthe new website and the new intranet. Weplan to have the solution ready by the endof January 2010. However, before launchingthe new intranet we need to test it and trainsupport staff and members of the editorialcommittee. In addition we have to migratethe content from the existing to the new intranet.In total we expect to use a minimumof six weeks, which means that we plan to golive with the new intranet mid March nextyear.From left: Frode Stornes, Silje Solvang, GeirmundDrivenes, Margrethe Gudbrandsen, Klaus Walderhaug,Ellen Skagen, Matt Duke and Jan Peder Arnesenrepresent the intranet editorial committeein Bergen. Theo Kruithof Odfjell Terminals (Rotterdam),Odfjell Terminals (Houston) and Inessa JongCheng Gob Odfjell Singapore are correspondentscommittee.A more vivid informationsharing intranetOur vision for the new intranet isthat it should be the most importantcommon and efficient communicationchannel for employees at Odfjell. Toreach this vision an intranet editorialcommittee has been established.The objective of this committee is tomake the content on the intranet vivid,securing the effectiveness of the communicationchannel through importantupdates and information as well as usingit as a culture builder within the Odfjellgroup. The committee consists of eightmembers from the head office in Bergenrepresenting different departments,with correspondents in Rotterdam,Houston and Singapore. The main taskis to share news from the whole organisation;meaning news from bottom-up,top-down and across the organisation.The committee meets every forth-nightand agrees on an editorial plan for thenext two weeks.– We will appreciate that employeesshare their information and newswhether it is about a new project, goalachievements, success stories etc., saysMargrethe Gudbrandsen, CommunicationManager in Odfjell.A new name for the newOdfjell intranet?The intranet editorial committee invitesall employees in Odfjell to suggest whatthe name of the new Odfjell intranetshould be. Please send it to: margrethe.gudbrandsen@odfjell.com within 15.January 2010.Odfjell intranet and daily internetnews on boardBy Gunnar EideThe need for being updated on companyinformation and daily news is of coursethe same on board as ashore. As a consequence,Odfjell Ship Management hasstarted a project together with Odfjell ICTdepartment to replicate Odfjell intranetand a few internet based news serviceson board.The news replication service gives us thepossibilities to replicate web content onboard on a daily basis via standard Inmarsatsatellite communication equipment.The data is updated once a day and is availableat the ship office computers as soon asthe captain connects to the Bergen officeto transfer the regular data and mails. Thesystem can also be used to synchronise fileshares and collaboration sites between ouroffices and ships. In addition we can utilizethis to get a better integration between informationsystems on board and ashore.More newsIn addition to providing vessels with theOdfjell intranet, we have chosen to replicatethe mobile editions of the international BBCNews, the Norwegian Aftenposten and thePhilippine Inquirer. We think this is a goodcombination covering most of the internationaland local news. Captain Monrad Sollion board Bow Favour confirms this, sayingthat the news service is both used and appreciatedon board. However, he would alsolike to see more applications working on theintranet portal, like Otis and crew lists. Thereplication service can be extended withmore or other news services, but the goalis first to get the service on board. Our ICTsupport co-workers in Houston, Singaporeand Rotterdam will do their best to makesure that all Odfjell managed vessels will getthe news service installed on board as soonas possible.BBC news front page as it is presented on board.Nils Andre Veivåg, Deck Trainee on Bow Favour, is using the new web replication service.NR.04/ 0913www.odfjell.comodfjell quarterly magazine

LANDMARKSODFJELL QUARTERLY magazine14Bow Master and Bow Cedar during ship to ship operation in UlsanFlawless operation in UlsanIn September Bow Master and Bow Cedarhad a swift and successful dischargeof Hexamethylenediamine 98% (HMD) inUlsan. Thanks to excellent cooperationbetween the Odfjell crew, Odfjell operations,the Odfjell terminal and the agency,Odfjell could do a rush transportationfor our customer Invista.The cargo HMD was originally loaded onboard Bow Cedar, but as the HMD suddenlywas needed urgently in a plant in SingaporeFACT• HMD is produced from adiponitrile.• Main use is for special polymers suchas Nylon and Kevlar.• HMD is very sensitive to oxygen.to maintain its production, Odfjell had toturn around quickly and offered Bow Masterfor the transfer. Hence a ship to ship operationbetween Bow Cedar and Bow Masterhad to take place.Excellent teamworkPrior to the ship to ship operation, the OdfjellOperations and Chartering departmentsboth at Bergen and Singapore, exchangedinformation with Invista for bestlocation and safest handling. When locationwas decided, Invista appointed Sam Ford inChemCoast as their supervisor. ChemCoast,Odfjell Terminal Korea (OTK) and the OdfjellKorea, Ulsan agent established contactand settled various operational issues andrequirements.Just in timeBow Master arrived well prepared, andpassed with only minor comments duringthe ChemCoast inspection wherafter sheleft OTK for anchorage, waiting for Bow Cedar.The day came and Bow Cedar arrivedwell prepared for the operation. After a successfulship to ship operation Bow Mastersailed for Singapore and delivered the cargoin best manner and quality, just in time.Everything is possible- I would like to thank all involved in thisoperation. It shows that our company hasexpertise and the necessary right spirit of alllevels. This enables us to show our customersthat we can do more or less what theyrequest, even if it is very challenging, saysJan Harald Otterskred, Odfjell’s Port Captainin Northeast Asia.Successful rebuildingof main engineBy Oddvin ErtesvågSince delivery in 1998 M/T Bow Cecil hasbeen a trial-ship for the so called MEconcept(“E”) developed by the enginebuilder, MAN B&W. The “E” concept allowsthe main engine to run without acamshaft in operation. On conventionalengines (“C”) the camshafts runs withthe engine, and physically operates fuelinjection and the exhaust valves.Bow Cecil was initially equipped with aconventional camshaft operated engine“C”. However, in addition the required “E”equipment was also installed, making itpossible to alternate between conventionaland electronic engine control. In November2000 the “E” system was put into service,whereby the ship had the first two strokemain engines in the world making it possibleto electronically control fuel injection andexhaust valves. In 2007, after 35,000 hoursof service, the trial “E” system approachedthe end of its lifetime. As the lifetime initiallywas expected to be 15,000, the additional20,000 hours convinced Odfjell to go fora permanent “E” solution. Consequently,Odfjell and MAN B&W started discussingplans and prospects for an improved mainengine control system. Early 2008, the newME-B concept (“E-B”) was ready, entailingthe same benefits as a regular “E” but alsooffering some new and additional advantages.The “E-B” means electronically controlledfuel injection and camshaft operatedexhaust valves, while on the E-engineboth aspects are controlled electronically,only. The first initial steps towards the “E-B”were taken during Bow Cecil’s second classrenewal in Bahrain, October 2008. Outdatedequipment from the trial “E” versionwas removed from the engine room, andnew computers, main and auxiliary operationalpanels, cylinder lubricators with relatedequipment and main control cabinetswere installed and made ready. During seapassages following the dry-docking, some2,000 metres of new cabling were pulled,strapped and connected. The electric/hydraulicpower station was rebuilt and overhauled,giving new and higher rated motorswith improved capacity. To the starting airdistributor drive, double sets of encodersfor precise monitoring of crankshaft positioningwere installed and connected.Finally, in Rotterdam in August 2009 theMain benefits of the ME-B system (compared to a “C” engine):• Lower specific fuel oil consumption and better performance parameters thanks to variableelectronically controlled timing of the fuel injection. This also reduces the CO ² emissions.• Appropriate fuel injection pressure and rate shaping at any load.• Improved emission characteristics, with lower NOx, and smokeless operation.• Easy change of operating mode during operation.• Control system with more precise timing, giving better engine balance with equalizedthermal load in and between cylinders.• Lower rotational speed possible for manoeuvring.• Integrated Alpha Cylinder Lubricators that give a considerably saving in cylinder oil consumption.• As an additional upgrade of the engine fuel oil injection valves of latest design “Slide valves”have been mounted to reduce carbon formations and emissions.• The system is up-gradable to software development over the engine’s lifetime.By the main operation panel. From left: 2E Anders Lihaug Leine, Technical Superintendent Oddvin Ertesvåg, Chief EngineerKjell- Magne Christensen and Lennart Wahl/Lars Bye from MAN B&W.project was brought to its completion andthe engine started in its new mode. Asthe system relies on the setting of some1,500 different parameters, obviously finetuningwas needed. However, within shortthe world’s first conventional L60ME-B enginein service could be declared operative.After leaving Rotterdam, the sea passage toTarragona was well used for further finetuningand adjustments.The two engineers Lennart Wahl and LarsBye from MAN B&W have followed andguided us in an excellent way throughoutthe whole project. Odfjell would like to expresssincere and well deserved thanks tothem both.”E-B”- engine - main control cabinet.NR.04/ 0915www.odfjell.comodfjell quarterly magazine

QHSE ON THE AGENDAODFJELL QUARTERLY magazineQHSE ON THE AGENDAODFJELL QUARTERLY magazineQHSE e-learning courseHow has it been received so far?By Åshild HestetræetIn the June 2009 edition of Odfjell Quarterly youcould read about the new and updated OdfjellCommon Competence course, containing a newchapter dealing with Quality, Health, Safety andEnvironment (QHSE).16Feedback so farAs the course has now been available for abouttwo months, we interviewed five employeesfrom different locations to learn if the course hasachieved its intended goal, which is to increasethe knowledge and awareness of QHSE in relationto the daily work. A result will hopefully be feweraccidents, less rework, high quality performanceand enhanced efficiency.The questions1. How has the course influenced your attitudeand perception of QHSE in relation to your work?2. Are there any elements in the course that youwould like to emphasize, in which case what?Jessica ThomasSecretary,Melbourne1. It has taught me to think aboutcauses and effects globally - not onlylocally, to look after my own safetyand care for my colleagues.2. Experience feedback. Being asmall office we are sometimes unawarethat an unusual incident hasoccurred until it is over or when it ismentioned on the intranet or publishedin the Quarterly. In particularnot a lot is said about how the risk orincident was managed and resolved.To broaden knowledge and awarenessof potential risks and incidents,it would be interesting to hear feedbackfrom personnel assigned to assessand expedite resolutions.Johan HalleChartering Manager,Singapore1. I have learned more about howQHSE is performed in terminalsand on board ships, and have increasedknowledge and understandingof what Odfjell adds to theQHSE policy.2. I would like to point out the absenceof linking the quality part ofthe work performed by the officepersonnel to the work performedby the seafarers and terminal workers.In particular how this work hasa direct influence on the health andsafety of the seafarers and terminalworkers. This is also an importantpart of the QHSE policy of the companyas a whole, and I would haveliked to have this presented in thecourse.The management group in Singapore are being presented the QHSE courseLEO VAN RIJC-Operator,Rotterdam1. My awareness of QHSE has grown.But QHSE is already a part of my attitudeand not only in my work. Iwould say that QHSE is an integratedpart of my daily thoughts.2. The course was good, but it is alsoimportant that the crew of Odfjellrefreshes QHSE matters on a regularbasis, and that we have regularpractical QHSE audits on the workfloor.Gunnar MjaasethBuilding and MaintenanceSupervisor, Bergen1. I think safety every day, but thiscourse gives a clear and good reminderof how important it is to dothat.2. The way the course communicatesthe importance of keepingfocus on safety in relation to yourwork.Edison Agra2nd OfficerBow Querida1. I thought the course was veryinformative, and I became confidentthat my work on board isperformed in a safe manner.2. This course shows in a goodway how important it is to followall procedures on board.This is a good way of remindingeverybody of the importance ofdoing so and showing the possibleconsequences of not followingprocedures .Cover pages of the TPRB.Training performancerecord book- Monitoring on board training and performanceBy Candice Marie R. CalaisIn a dynamic and fast paced industry asseafaring, continuous training of crew onboard as well as ashore is a vital elementto ensure that our vessels are mannedwith competent and qualified crew at alltimes. In Odfjell, competence assessment,skill gap analysis and tailor madetraining programmes provided to ourcrew prior vessel assignment allow us tomeet the objectives.Training Performance Record BookWhen Odfjell consolidated and strengthenedits operations in the Philippines in1999, we realized the need to identify andmonitor crew performance both for theircurrent rank and possible higher position.The reference at that time was the TrainingRecord Book (TPRB) by the InternationalShipping Federation (ISF) issued and limitedto all cadets. As we consider hiring applicantsfor petty officer positions, especiallyelectrician trainees, it became apparentthat a similar record book should be madealso for other positions. The intention wasthat the crew should bring the checklist onboard, and the immediate superior/trainingofficer should use this checklist as a guideto the crew’s familiarization and trainingon board. As this exercise proved to be auseful tool for electrician trainees, OdfjellAcademy expanded the checklist to a recordbook for all petty officer positions includingdeck and engine officer late 2006. This bookis now known as the Training PerformanceRecord Book (TPRB).The TPRB was primarily established to providea structured guide for crew who aim toassume higher positions in the future withinthe Odfjell fleet. The book further provides amethodical approach in identifying the specificskills and knowledge areas that needsto be further developed before promotion.It is also used as a supplement for shoremanagement to record and monitor performanceof the crew as he/she progressesfrom current rank to the next.Time for revisingIn late 2008, Intertanko introduced theTanker Officers Training Standards (TOTS)which basically aims to provide a systematicmethod of gaining specific experience atdifferent ranks and include various methodsto verify that experience, similar to Odfjell’sTPRB. When TOTS and the Computer BasedAssessment were disseminated to membercompanies in early 2009, it was timely forOdfjell to slightly revise its TPRB. TPRBsused today by our crew not only adhereto the TOTS but also comply with Odfjellstandards and requirements.As of date, we have retrieved 181 TPRBswhich were returned with completed entries.With this retrieval rate, we have committedto increase awareness among vessels,crew and other Odfjell offices in orderfor the objectives and goals of the TPRB tobe met.NR.04/ 0917www.odfjell.comodfjell quarterly magazine

iefingsODFJELL QUARTERLY magazineBRIEFINGSODFJELL QUARTERLY magazineconnect with peoplethe better ANDCHEAPER wayBy Matt DukeIncreasingly, people and teams are moredispersed, working in different timezones and communicating in differentways. Knowing when and how to contact aperson can be challenging. In order to assistour staff in managing this challenge,and also to offer free voice calls betweenoffices, Odfjell ICT will shortly be deployingMicrosoft Office Communicator.who briefed us on Odfjell NetherlandBy Helge Olsen18 19Close and good cooperation between ship and also conveyed his views on the globalThis software could be thought of as a corporateversion of Yahoo Messenger and Skype. We have been testing the solution in ICTThoroughly testedand shore is a necessity for successful recession and especially how this has andhandling of our future challenges. The will continue to impact our own companyThe tool allows our staff to use a computer for some months and have had very goodNorthwest European Officers’ Council has and business. The officers highly appreciatedbeing informed, which triggered a frankheadset to talk to each other for free over feedback from the staff who have tested itproven to be a valuable vehicle to caterour network, initially between Bergen, Rotterdam,Singapore and Houston. The other system are encrypted and archived safely.locally and abroad. All messages sent by thefor such cooperation. The Council shall discussion followed by everybody aroundfacilitate cooperation between personnelon board and ashore, primarily by ex-challenges, in the context of what costthe table talking freely about our currentoffices will follow later.We are also testing the video capabilities ofthe software, where you can have a videochange of information and ideas. The 2nd reductions are possible, fair and defendableboth short-term and in a longer termconference right from your PC to any of theannual meeting of the Officers’ Council wasother staff in the Odfjell cloud. This may beheld November 3rd at the headquarters in perspective. As from 2010, we also plan toa feature that is particularly useful for projectgroups. By using “Live meeting” it is pos-Bergen. Dan Odfjell, our company’s Chairman,was specially invited by our President/ the same objectives to contribute to betterestablish a Filipino Officers’ Council withsible to have a virtual meeting room to shareCEO Jan A. Hammer. Mr. Odfjell presented cooperation between personnel on boardvoice, video, files and presentations.our company’s policy in respect of mariners and ashore.Faster and efficientOffice Communicator allows us to see eachother’s “Presence information”, that is to sayif we are available, in a meeting or out of office.This is a very useful feature as it allowsyou to see if your college or customer, if theyhave Office Communicator, AOL, MSN orYahoo messenger, are online or busy, so youcan send an instant message or ask if theyare available to take a call. Massively reducingemail traffic and allowing you to get tothe person you need in the shortest time,aiding you in getting the information youneed to make a decision.Also on laptopsThe software can also be installed on ourlaptops, allowing staff the ability to callinto the office for free, when connected toa wireless internet access point on travel.Once you logon from your laptop it will bejust like you are in the office. Your globalnetwork of colleagues and partners will seethat you are online and able to communicate.Your presence information will be visiblein many of our applications like Share-Point, Intranet, Office and of course email.Geert Eijsink in person.Microsoft Office Communicatorcontrubutes to a more efficient communication.So when getting an email or document,if you have questions you will be able toimmediately get answers to them if theauthor is online.Jan Peder AndersenArne Sletten HelgensenTor JürgensenAwayIn a meetingAvaliableOur staff will be given training and advice onhow best to use the product before we rollout the solution early next year. We hope thetool provides an effective and simple way forour customers to communicate, and that inkeeping with the current economic climate,people will use the solution for free internalcalls in the Odfjell network.Should the project be successful, Odfjell ICTwill evaluate the next stage of integrationof the solution, where calls could be madeanywhere in the world at the minimum costusing the communicator platform and anintegration to the corporate phone systems.In the meantime there will be significantsavings to be made if our staff starts to useOffice Communicator between Odfjell offices.Training dayin RotterdamBy Bente StangelandSix brokers from Bergen participatedin the Tank Terminal Training day atOdfjell Terminal Rotterdam on November18, 2009. On arriving at the Terminalwe were greeted by Mike Beviss whogave us a short introduction of OdfjellTerminals (Rotterdam). Theo Kruithofgave a general presentation of OTR, theterminals’ activities and the terminals’impressive infrastructure.This was followed by a detailed overviewof Odfjell Terminals Maritiem andPID. We were all impressed by what PIDis actually capable of doing. The nextsession was with Patrick WermeesterB.V. and the science of transhipment efficiencyin Rotterdam. He also gave usan overview of all the barge and coasterowners. During lunch at the OTR canteenwe met more of the OTR staff includingrepresentatives from Sales,Customer service and Planning. Afterlunch we all got our safety gear on beforewe paid a ship visit to Bow Hectorthat was at berth at Odfjell TerminalsMaritiem (OTM). We got a guided tourof the OTM and OTR control room, thelaboratories and the terminal in general.Laura Vos and Mike Beviss roundedup the training day with a presentationon the commercial differencesand similarities between terminals andshipping, and the importance of communicationand cross selling betweenthe terminal side and the tanker side.The terminal training day was indeedvery well organized and informative.We were all impressed by the magnitudeof the terminal activities and allits business units. At the end of the dayour main objective between the terminalside and the tanker side should beto improve communication in order toopen up more business opportunitiesfor all parties. We feel this training daywas a good step in that direction.The group in the engine room on Bow HectorShip visit on Bow Hector. From left: Mike Beviss, RobertNesvold, Andreas Lillejord, Henning W. Nielsen, BenteStangeland, Andreas Haukaas, Siv T. Remøy andPatrick Wermeester.Cooperation between shipand shore – Officers’ CouncilsThe Officers’ Council at the meeting 3rd November. From left: Head of Ship Management Helge Olsen, Manager MaritimePersonnel Section-Bergen Bjørn Åge Veivåg, Captain Otto Vollan, Chairman of the Board Dan Odfjell, Captain John ErikSteffensen, Chief Engineer Otto Ånneland, Captain Runar Reinholdsen, Chief Engineer Runar Oen and President/CEO JanA. Hammer.odfjell quarterly magazineFrom left: Asheesh Agaewal of Innovation Norway, SudeshKamath and Manisha Desai at the Indian ShippingSummit. Photo taken by Pinaki Routray, Trade Winds.Odfjell Indiain Indian ShippingSummitManisha Desai and Sudesh Kamath representedOdfjell India in the Indian ShippingSummit in Mumbai late October.The ongoing global shipping crisis andits effects on the Indian industry was themajor theme of the conference.The Indian Shipping Summit served asa forum to address the most topical issuesaffecting India’s shipping industry,such as port infrastructure challenges,reduced money flow, charter party failures,container market vulnerability,efficient management models, technologicaladvances in shipbuilding andenvironmental initiatives like exploringthe opportunities in the India energysector and the need for shipping of goinggreen. Indian Shipping Summit, conferencecum exhibition is being recognisedas India’s premiere networking event forinternational maritime business. Thisyear about 400 delegates attended. ForOdfjell the crucial thing was to meet theparticipants from Indian & InternationalShipowners fraternity. Various port ownersand operators were also present. It isalso an excellent opportunity to meetshipyard owners, shipping agents andothers related to the shipping logistics,whom we do not meet in our daily life.India is fighting off the global economicdownturn better than most. Expertspredict that the country’s economywill continue to be growing fast, as willits maritime sector, which is pressingahead with expansion of its 900-strongfleet and improvements to its 12 majorand 100+ minor ports and numerousshipyards.NR.04/ 09

Sea and shore ODFJELL QUARTERLY magazine Sea and shore ODFJELL QUARTERLY magazineTen Years After…- Rob Meijboom looking back at a decade of terminal expansionsBy Theo KruithofRob Meijboom in one of his classic cars in front of a windmill.20Odfjell has succeeded in its strategy ofexpanding tank terminal activities alongthe major shipping lanes. The early yearsof this century has shown a huge growthof Odfjell’s tank terminals.From left: Jerry Shreter and Rob Meijboomfrom the expansion period in 2002.In 2000 the company substantially increasedits global storage capacity by acquiring thehuge Rotterdam terminal. Only two yearslater Odfjell also entered into the importantand buoyant Northeast Asian hubtankstorage market, by teaming up with KoreanPetrochemical Ind. Co. (KPIC) in Ulsan,South Korea. This move has since been followedby further projects in Asia and theMiddle East: the new storage terminal in Jiangyin,the relocation and expansion of ourDalian terminal, our joint venture terminalin Singapore, the new storage terminal inSohar and our project in Iran, scheduled forcommercial start-up in January 2010.Climbing the ladder with terminalexpansionsOne of those who has been a part in thismassive Odfjell terminal expansion is RobMeijboom, until recently Vice President TerminalDevelopment with Odfjell TerminalsB.V. As he is now retiring, Rob reflects uponthe ten years of Odfjell Terminals expansion.Initially Rob was a seafarer and started hiscareer on board of short-sea gas-tankers.In 1968 he joined Pakhuismeesteren, whatwas later to become Royal Pakhoed, as aOdfjell Terminals (Korea) has grown to be Odfjells 5th largest terminaljunior operator. Meanwhile he completed achemistry study. This enabled him to makean internal move to PID, our Rotterdam distillationplant. In the years that followed,Rob worked in various positions at variousdifferent terminals within the Pakhoed-network,not only in the Netherlands but alsoin Tunisia and Thailand. This brought hima lot of challenges and, more importantly,a lot of experience. In 1997 Meijboom becameTerminal Manager at the Rotterdamterminal. And then, late 1999 and early2000, Rob was part of the managementteam involved in the process of selling theterminal as required by the EU commission,a process where Odfjell eventually emergedas the winner.Start-up of Odfjell Terminals (Korea)Later on Rob went for feasibility studies, firstto the Baltic area, then in the early 2000sto South Korea together with Jerry Shreterfrom Odfjell Terminals (Houston). Fewmonths later KPIC and Odfjell signed a jointventure contract and in the autumn of 2002Rob became President of Odfjell TerminalsKorea (OTK). - I had a great time at OTK,with a very fine staff, he reflects. He still getsexcited about the colleagues and achievementsin Ulsan. - There was a lot of work todo when I arrived, even though phase 1, theinitial 109,000 cbm, of the site had alreadybeen operational when Odfjell teamed upwith KPIC. Everyone at OTK was very eagerto make this terminal a success. And we did!Main achievements at OTK are the facts thatwe have designed this entire multipurposeterminal ourselves without any consultants,the expansion of the terminal, with a doublingof the capacity to 251,000 cbm in fewyears time, the ISO-certification and CDI-Tmembership, Rob states.Time for hobbiesAfter more than 41 years of experience intank storage, of which 12 years abroad,Rob has now retired. He takes real pride inhaving worked for Odfjell, although he isnot sure he is going to miss working. - I haveso many hobbies. We also have a house inThailand and are considering moving thereduring winter-time. Then we have our classiccars, our greatest passion. I have alreadyminutely restored one of those.People - Odfjell’s most important assetRob adds: - A good company is not the nameor logo. It’s the people working for that companywho are its most important asset.Communicate throughout the organization,top-down and bottom-up and always try toget the best out of your employees. Use theirstrengths. Lastly, Rob takes the opportunity:- I really like to thank all the colleagues,world-wide, for the great cooperationduring these 41 years.Odfjell Terminals development in brief:1969: Odfjell’s first tank storage terminal is TAGSA in Buenos Aires, Argentina(7 tanks, 4.000 cbm)1970: Participation in Medistock, Marseille (divested later on)1971: Odfjell constructs a grass-root terminal in Valleyfield, Canada (divested later on)1972: Participation in DUPEG, Hamburg (divested later on)1974: The Granel Quimica terminal in Santos, Brazil becomes operational1974: The Terquim terminal in San Antonio, Chile becomes operational1981: Granel Quimica’s second terminal becomes operational; Sao Luis, Brazil1983: Construction of Baytank terminal (today’s Odfjell Terminals (Houston))is completed1991: The VOTTN terminal in Ningbo, China becomes operational; Odfjell ownsa minority share in this terminal1992: Granel Quimica adds a further terminal to its Brazilian network, the Ladarioterminal (this is dry cargo originally)1993: Granel Quimica opens a new terminal in Rio Grande, Brazil1998: Inauguration of Odfjell Terminals Dalian, China1998: TAGSA opens a second terminal; the location is Campana, Argentina2000: Odfjell acquires Botlek Tank Terminal (today’s Odfjell Terminals (Rotterdam))2001: Odfjell and partners invest in a greenfield terminal in Singapore2002: Associated Terminals opens its DQM terminal in Callao, Peru2002: Odfjell Terminals (Korea) in Ulsan becomes operational2007: Odfjell successfully completes the relocation of Odfjell Terminals (Dalian)2007: Odfjell Terminals adds the 99,800 cbm Jiangyin, China terminal to its network2008: Odfjell and partners construct a greenfield terminal in Sohar, Oman2009: Odfjell and its partners completes the construction of a terminalin Bandar Imam Khomeini, IranStarted in 1969 with seven tanks at the TAGSA Buenos Aires terminal, today the OdfjellTerminals network owns and operates more than 1,100 storage tanks world-wide,totaling well over 4 million cbm.In 1986 Odfjell listed at the Oslo Stock Exchange. During this “IPO” (initial publicoffering) the shares of the South American terminals plus the 30% share* in the CanadianIMTT Quebec terminal were transferred from the public company to a privatecompany, owned by the Odfjell family. Odfjell SE has a cooperation agreement withthis group of terminals, hence the name “Associated Terminals”.*The shares in the Canadian IMTT Quebec terminal were transferred in 1988.NR.04/ 0921www.odfjell.comodfjell quarterly magazine

Sea and shoreODFJELL QUARTERLY magazineBriefingsODFJELL QUARTERLY magazineEarly Christmas gathering delightsFilipino crew and allotteesBy Agnes S. Enesio22SVP-Ship Management, Helge Olsen addressedthe participants with his inspiring speechAmazed kids watched as the magicianshows his tricks during the gatheringNR.04/ 0923Odfjell Manila recently arranged an earlyChristmas gathering at the Traders Hotelin Manila on 23 November, 2009. Thepacked one-day programme includedkeynotes talks from invited speakers,presentations from the crew and families,and exciting fun and games.The aim of the event was to inform all theparticipants regarding updates on companyprogrammes, to strengthen connectivity betweenthe office and all crew and allottees,encourage active participation of wives ofcrew as well as to increase good camaraderieamongst all Filipino ‘Odfjell’ers’. Unlike theusual formal setting, Traders Hotel’s ballroomwas accentuated with a combination of festiveand Christmas touch to foster a mood ofrelax and have fun.Helge Olsen, SVP Ship Managemnet held aninformative talk. - I appreciated the companymore after hearing Mr. Olsen. It is goodto know that my husband bears the ‘Odfjellbrand’, a company who make long-term plansand ensures sustainable and stable employment,a smiling wife said while congratulatingthe organizers for the event. In his speech,Mr. Olsen focused on the company’s status,outlook and relevant business climate:• Odfjell’s stability amidst of the economicrecession• Odfjell’s competitive advantage in themaritime industry• Company’s business model characterestics• Odfjell’s Share of the chemical tankermarket versus our competitors• Future fleet development plans• Odfjell’s long-term plans for employmentof Filipino seafarersThe launching and introduction of the OdfjellPhilippines Official Website, The Odfjell CrewHandbook and the first batch of Odfjell EducationalAssistance Programme (EAP) recipients,also made the event more momentous.To compliment the ‘one-stop-shop’ office, theAlejandra Condotel and Sea and Sky TravelAgency was also formally introduced. Theseimportant projects reflect the company’scommitment to continue finding innovativeways to provide high-quality service to all itscrew and allottees .To make the event more family oriented,Odfjell Manila invited a Chef to demonstratefood preparation. There were also topics onseafarers’ family wellness, discerning thepractical secrets of busy but balance andhappy family life. These topics were reallyappreciated by the majority of the wives whowere present. While enjoying the sumptuouslunch, the Holiday season was felt as childrenfrom an orphanage sang Christmas. Manyof the participants were thankful for the opportunityto offer cash donation to help lessfortunate children.Large part of the afternoon was devotedto fun and excitement like song and dancenumbers presented by some family membersof officers and crew. Parlor games for kidsand couples brought so much excitementto everyone. Some crew and wives gamelyjoined the mini pageant show for selection of‘Hunk Daddy’ and ‘Dazzling Mom’. ‘TalentedKid’ and ‘Bibo’ Kid award was also given toselected performers. - It is overwhelming tosee the active participation of the crew andallottees in every segment of the event. Thetiring days of preparation for this event paidoff upon seeing big smiles of the participants,one of the organizers said. Surely, it has beenan informative and fun-filled day for everyone.Thanks to the Programme committee members,particularly to Mrs Leth Fulo, Mrs, MyraLizada and Mrs. Maya Malibago, wife of CEDennis Fulo, 3E Felipe Lixasa and Mtm MiovanniMalibago. Indoubtly, the event couldnot be a success without their hard work andtireless efforts.The hiking team, with weed and silver grass in the background. Picture by OTK’s Technical Manager Mr. LeeAutumn picnic in KoreaBy Gunnar MoenIt is tradition for most Korean companiesto arrange a company autumn outing, andthe same goes for Odfjell Terminals (Korea)(OTK). This year, as last year, our colleaguesfrom Odfjell Ulsan operation alsojoined us.The tour was scheduled for Saturday 31st Octoberand we “mustered” at Ulsan World CupStadium, where a bus was waiting, headingfor the selected mountain “Shinbul-san”, justwest of Ulsan City.Everything was very well prepared. The weatherwas fantastic, and the mood of the participantswas equally great. We started walkingfrom a base at 300 metres and headed alonga steep track towards the final destination, apeak at 1,209 metres above sea level.The hikers started out very fresh, but after awhile various groups were established accordingto condition and experience withtracking. The first group reached the top afterabout two hours, while the last one arrived anhour later. At the top lunch was served, andfood really tastes good at such heights. Theview from the mountain top was spectacular,and the high blue autumn sky made it amemorable event.After an hour break at the top, we followedthe same path down again. In the bus, withalready aching legs and sore muscles for mostof us; we headed for the “samgepsal” restaurant,where we were barbecuing bacon at thetable with various side dishes, talking aboutreaching yet another mountain peak, and ofcourse did a lot of socializing. It was a greatday of fun and exercise, and we are alreadylooking forward to our next company event.www.odfjell.comodfjell quarterly magazine

SEA AND SHOREODFJELL QUARTERLY magazineSEA AND SHOREODFJELL QUARTERLY magazineBow Santos drydockingin DurbanUpon completion of voyage 200909, BowSantos was open in Durban for dry-dockingand her first class renewal. The drydockingproject contract was awarded tothe shipyard Elgin Brown & Hamer (Pty)Ltd. in Durban.By William Lim24This shipyard has a long history in ship repairsalong busy shipping lanes. Today theyard is downsized as compared to earlierdays, with two small slipways and a smallrepair quay. Although the yard has a floatingdock of 155 metres in length with anentrance width of 24 metres and lifting capacityof 8,500 metric tons, this dock is toosmall for Bow Santos. Thus, we had to usethe graving dry-dock, which is controlledby the Durban Port Authority. The gravingdock is 352 metres long, 33.5 metres wide atentrance and 42.2 metres wide between thedock walls. Maximum draught for docking is12 metres. The small repair quay at the yardhas a length limitation of maximum 150 metresand a maximum draught of five metres.As Bow Santos’ overall length is only 147.8metres, fortunately we were able to moorBow Santos at this berth while waiting to enterthe dry-dock. Thus we avoided bringingher alongside a lay by berth while awaitingclearance to enter the graving dock.Forwarding of the ship’s stores and spareparts to Durban for this dry-docking projectturned out not to be a problem. Clearance ofsuch items can either be done by the shipyardor by the local agents, and the shipyardcan keep the spares in storage until the vessel’sarrival. Service engineers, techniciansand subcontractors arranged by owners areallowed to come into the shipyard to carryout specialist jobs without hassle.The safety culture and practices at ElginBrown & Hamer are at an acceptable levelFACT - BOW SANTOS• IMO II and III tanker built in 2004at Shin Kurushima Dockyard Co., Ltd. in Japan.• 19,997 Dwt• 22 tanks• 21,408 stainless steal cbm• On bare-boat charter to Odfjell TankersFrom left: TSI Trainee Mick Ling, Captain Juario Pornelos and Senior TSI William Lim in front of Bow Santos after her firsttouch-up anti-corrosive paint applicationto Odfjell, and the yard was adapting to ourstringent HSE requirements. Their workquality is satisfactory and comparable toother major yards in this industry.Good learning process for technicalsuperintendent traineeOur Technical Superintendent Trainee MickLing, who joined Odfjell Fleet Asia at thebeginning of this year, has been actively involvedin this dry-docking project right fromthe beginning. In order to let him gain theexperience of the complete dry-dockingpreparation, he was taking part in repairspecifications preparations, cost evaluationand comparison of various shipyardtenders, monitoring of required spare partsstatus, studying and familiarizing class surveyrequirements. This familiarization wasmainly related to, but not limited to close-upsurveys, thickness gauging requirements, requirementsof tank testing etc. He has beengiven first hand experience participating ininitial meetings with shipyard productionpersonnel, discussing repair specificationsand plans, as well as the kick-off meetingwith DNV on survey plan and requirements.-I find this project very challenging for meas it opens my eyes to many things, especiallyinformation gained from those meetingswith the shipyard and with DNV. Beinginside ballast tanks and cargo tanks duringsurveys also helped me to understand moreabout what such operations are all about,says Mike Ling.Service awards to officersDuring the Ship Officers Conference dinner in Bergen in September25t, 11 officers were honoured with gold medal for 30 years ofservice. The gold medal is awarded by the Norwegian ShipownersAssociation to seafaring employees having completed at least 20years of services on board and at least half of the time with thesame company. Chief Engineer John Hadsel also received a goldwatch for 25 years in Odfjell. The gold medals and flowers werehanded over by Chairman Dan Odfjell.Front row from left:Captain Geir Inge Rosvold,Captain Kåre Stavøstrand,Captain Jan Aamund Nilsen,Chairman Dan Odfjelland Captain Jan Ove Fredheim.Second row from left:Captain Jan Kåre Næss,Chief Engineer Jan Tobiassen,Chief Engineer John Hadsel(also gold watch for 25 years in service for Odfjell),Captain Kurt Gustavsen,SVP Ship Management Helge Olsenand Captain Sigurd Fjærestad.Third row from left:Captain Olav Thoresen,Chief Engineer Kurt Lindtveitand President/CEO Jan A. Hammer.25 years with OdfjellOn the evening of 22 October 2009 a celebration dinnertook place at Neptun Hotel for our office employeeshaving been with Odfjell for 25 years.Back from left:Erik Ø. Dreyer, Dan Odfjell (Chairman)and Jan A. Hammer (President/CEO)Front from left:Ellinor Hjortland, Anne Kari R. Holmeand Inger-Karin H. Enæs(Conny Fredheim was not present)We thank them all for long and faithful service to Odfjell.NR.04/ 0925www.odfjell.comodfjell quarterly magazine

In SocietyODFJELL QUARTERLY magazineCustomerODFJELL QUARTERLY magazineReflectionsfrom AsiaBy Atle KnutsenMpho Chaka and Bruce Badenhorst with someof the pupils at Pisgah Primary School26Odfjell Makanadonates fundsBy Mpho ChakaOn 11 November, Odfjell Makana visitedfour schools in the rural town ofEstcourt in Kwazulu Natal to presenta contribution to each of the schools,Emtshezi High School, BhekathinaHigh School, Pisgah Primary Schooland Emhlungwini Primary School.The funds are to be used to improve theschools and the learning. The teachers,pupils and community members werevery excited to receive the donations.As a gesture of appreciation BhekathinaHigh School’s students performed a traditionalZulu dance piece. Following thevisit to the four schools, the local principal’sforum invited the Odfjell Makanarepresentatives to a lunch. This was agood opportunity to foster relations andto convey their sincere gratitude for thedonations received by the schools andfor the ongoing support Odfjell Makanahas provided to the local community.Atle KnutsenThe globe consists of 147,500 million KM²of land area (including Antarctica) of whichAsia represents 44,500 mill KM; approximately30%. Of the estimated global populationof 6,785 billion, Asia’s populationcounts an estimated 3,8 billion people; approximately55%.Asia represents about 30% of the world’sGDP (US$ 54,863,551 mill), but has the fastestgrowing economies with an expectedaverage growth of 6,5% for 2010, whilst theworld’s economy is expected to grow anaverage of 3,1%. These facts indicate thepotency and growth potential of the Asianeconomies.The Asian region is consisting of a mix ofeconomies that are in various developingstages. From the matured economies ofJapan, Korea and Singapore to the pooresteconomies of Cambodia and Myanmar.Whilst many European economies have aper capita income of more than US$ 40,000,we will find countries in the Asian regionwith a per capita income of a few thousanddollars. Most of the countries in the Asianregion have a high literacy rate and thepopulation’s average age is lower than theworld’s average.Looking at the Asian region, you will findthe existence of many inter-regional tradingblocs as well as trading agreementswith countries outside the region. These arein place to enhance trade and strengtheneconomic growth. We have noted duringthe recent economic crisis that the variouscountries have been quick to take substantialmeasures to boost the economies. Theseinitiatives have worked well and generatedincreased economic activity in some Asiancountries.The Asian populations are industrious andhard working with a strong drive to improvetheir living standard. All this is importantfor the growth of our business; the chemicallogistics chain. We know that the growthin the consumption of chemicals in developingeconomies is higher than the GDPgrowth. This means the need for developingmore efficient logistics infrastructures. AsAsia has risen to become a major producerof everything from toys and cars to ships,the region’s importance in the global economyis strong. The fact that Asian countrieshave had access to modern-days technologiesresulted in many generations of industrialdevelopments have been leap-jumpedand enabled an accelerating growth.Going forward, there is every reason to believethat the Asian economies will growfaster than the world average and that theworld’s “economic locomotive” will soonhave its main stations in Asia.After being guided to our tables, it was time to take a look at therace book to be prepared to bet in the nine races of the dayBusiness talks overhats and horsesBy: Ove NygårdMelbourne is home to Australia’s annualprime horse racing event: MelbourneSpring Racing Carnival at FlemingtonRacecourse. The event consists of threeracing days: Victoria Derby Day, MelbourneCup Day and Crown Oaks Day. Forthis year’s Derby Day on October 31st,Odfjell invited a few business associatesfor a day at the races.Victoria Derby Day is considered by mostracing purists to be the best single day ofthoroughbred racing in Australia, if not inthe entire world. The day provides a sizzlingstart to the racing week, and an estimated120,000 spectators are enjoying a day at therace track on opening day.When approaching the racecourse, we soondiscovered what Derby Day really is about.This is not just “another day at the races”;this is carnival and show, large crowds ofcheerful Aussies, young and old, and ladiesof all ages in elegant dresses, high heels andlarge hats. The crowd was truly spectacular,and the atmosphere during the races waselectric. People were jumping up and down,cheering for their horse to win. It was quiteinteresting to observe the looks on people’sfaces when they realized that their horsewas beaten just before crossing the finishline. After a few seconds though, the losswas forgotten and everybody started concentratingon picking the right horse in thenext race.It was an enjoyable day with pleasant companyand atmosphere, fun and interestingconversations, nice lunch and all thistopped by the great experience of Australianhorse racing at its very best.The run is onThe nearest betting office was right outside the tent so it wasjust a matter of choosing your favourites and place the betsNR.04/ 0927www.odfjell.comodfjell quarterly magazine

PersonnelODFJELL QUARTERLY magazineNEW HIRESBergenHOUSTONErichsen, Yngvil MarieClaims Handler01-11-09King, ChadSecurity Operator14-09-09Ramkissoon, VijaySecurity Operator28-09-09Houston, DebbieReceptionist05-10-09Prejean, Nicole MarieCustomer ServiceRepresentative02-11-09RotterdamSingapore28Burger, Sven-ErikCustomerRepresentative PID01-09-09Frimmel, Robert2nd Operator01-09-09China: Site Team Chuan DongKleinmann, WillemManipulationCoordinator01-11-09SeoulGoh, Inessa Jong ChengHuman ResourcesManager01-10-09Nonis, DesmondTechnicalSuperintendent01-10-09Zhao, ZhenTechnicalSuperintendent01-11-09OfficersIn Service for Odfjell25yearsHeadquarters, BergenEnæs, Inger-Karin HåkstadSenior Ship Operator01-11-84Odfjell Terminals (Rotterdam)Valk, Lena PatriciaAdm. Employee Facilities01-10-84Hjortland, EllinorCoordinator Audits01-12-84Zhang, MelissaCoordinator12-10-09Kim, Eun KyungSecretary23-11-09Captain Johannes Sætherhas been promoted fromChief Officer to Captainon Bow Viking. 01.10.09.30yearsForsell, FritsCustomer Representative01-11-79Lege, Jan Theodoor deManipulation Coordinator01-09-79RELOCATIONSFrom Site Team Russiato Site Team ChuanDong, ChinaFrom Bow Clipper toSite Team Chuan Dong,ChinaFrom Odfjell Dong Zhanto Site Team Chuan Dong,ChinaFrom OdfjellTerminals Jiangyinto ShanghaiKapel, Harry vanCreditor Administrator05-11-7935yearsVogelaar, Bastiaan PieterC1-Operator01-12-74Holt, Gerhard Andreas vanC1-Operator01-12-74Skjerli, Tor-ArveAssistant Site TeamManager08-09-08Haugsand, Thorbjørn M.Site Manager17-08-09Shaw, IanNewbuilding Inspector15-10-09Wang, ShaolinEngineering Manager15-08-09Waal, Willem Arie van deC1-Operator01-12-74www.odfjell.comodfjell quarterly magazine

FLEET & TERMINALSODFJELL QUARTERLY magazineas per 1st December 2009OWNED YEAR STAINLESS NUMBERSHIPS BUILT DWT CBM STEEL, CBM OF TANKSON YEAR STAINLESS NUMBERTIME CHARTER BUILT DWT CBM STEEL, CB OF TANKSON ORDERYARD DELIVERY DWT OWNER COMMENT30Bow Saga¹ 2007 40 085 52 126 52 126 40Bow Sirius¹ 2006 40 048 52 126 52 126 40Bow Sea 2006 40 048 52 126 52 126 40Bao Hai Tun (49%) 2006 3 845 4 361 - 10Bow Summer 2005 40 036 52 126 52 126 40Bow Spring ¹ 2004 39 942 52 126 52 126 40Bow Star 2004 39 832 52 126 52 126 40Bow Sun 2003 39 842 52 126 52 126 40Bow Firda 2003 37 427 40 515 40 515 47Bow Chain 2002 37 518 40 515 40 515 47Bow Favour 2001 37 438 40 515 40 515 47Bow Century 2000 37 438 40 515 40 515 47Bow Fortune 1999 37 395 40 515 40 515 47Bow Master 1999 6 046 6 878 6 878 14Bow Mate 1999 6 001 6 864 6 864 14Bow Pilot 1999 6 000 6 865 6 865 14Bow Sailor 1999 6 000 6 870 6 870 14Bow Cecil 1998 37 345 40 515 33 236 47Bow Flora 1998 37 369 40 515 33 236 47Bow Balearia 1998 5 870 5 941 5 941 20Bow Oceanic 1997 17 460 18 620 18 620 24Bow Bracaria 1997 5 870 5 941 5 941 20Bow Brasilia 1997 5 870 5 941 5 941 20Bow Cardinal 1997 37 446 41 487 34 208 52Bow Faith 1997 37 479 41 487 34 208 52Flumar Aratu 1997 13 834 15 831 15 831 29Bow Querida 1996 10 115 10 956 10 956 18Bow Cedar 1996 37 455 41 608 34 329 52Bow Atlantic 1995 17 460 18 620 18 620 24Bow Fagus 1995 37 375 41 608 34 329 52Bow Clipper 1995 37 166 41 492 34 213 52Bow Flower 1994 37 221 41 492 34 213 52Bow Eagle 1988 24 728 32 458 19 662 25Bow Cheetah 1988 40 258 47 604 - 29Bow Leopard 1988 40 249 47 604 - 29Bow Lion 1988 40 272 47 604 - 29Bow Peace 1987 45 655 52 173 2 167 23Bow Power 1987 45 655 52 173 2 167 23Bow Pride 1987 45 655 52 173 2 167 23Bow Prima 1987 45 655 52 173 2 167 23Bow Prosper 1987 45 655 52 173 2 167 23Bow Fertility 1987 45 507 52 173 2 167 23Bow Fraternity 1987 45 507 52 173 2 167 23Bow Panther 1986 40 263 47 604 - 29Bow Puma 1986 40 092 47 604 - 29Bow Victor 1986 33 190 34 500 21 975 31Angelim 1985 10 259 10 136 6 500 18Araucaria 1984 10 259 10 159 6 500 18Bow Maasstroom 1983 38 039 48 866 - 22Bow Maasslot 1982 38 039 48 866 - 22Bow Fighter 1982 34 982 41 184 6 299 34Bow Pacifico (50%) 1982 18 657 22 929 10 849 31Bow Viking 1981 33 590 40 956 21 745 36Jatai 1979 4 452 4 031 - 3Bow Tone 2009 33 600 37 700 37 700 16Bow Hector 2009 33 694 37 386 37 386 16Bow Sagami 2008 33 641 37 238 37 238 16Bow Harmony 2008 33 619 34 698 34 698 16Bow Cape 2008 19 971 22 158 22 158 20Bow Kiso 2008 33 641 37 215 37 215 16Bow Heron 2008 33 707 37 365 37 365 16Bow Orelia³ 2008 19 900 22 202 22 202 20Ncc Haiel³ 2008 45 953 54 300 - 22Ncc Dammam³ 2008 45 965 54 300 - 22Ncc Sudair³ 2007 46 012 54 300 - 22Bow Omaria³ 2007 19 900 22 202 22 202 20Bow Lima 2007 19 900 22 157 22 157 20Bow Olivia³ 2007 19 900 22 202 22 202 20Bow Octavia³ 2007 19 900 22 202 22 202 20Bow Fuji 2006 19 800 22 140 22 140 22Bow Ophelia³ 2006 19 900 22 655 22 655 20Bow Plata 2006 19 807 22 143 22 143 22Bow Engineer 2006 30 086 35 548 35 548 28Bow Orania³ 2006 19 993 22 050 22 050 20Bow Sky² 2005 40 005 52 126 52 126 40Bow Architect 2005 30 058 36 000 36 000 28Bow Rio 2005 19 990 21 408 21 408 22Bow Europe 2005 19 727 21 573 21 573 36Bow Santos² 2004 19 997 21 846 21 846 22Bow Asia² 2004 9 901 10 866 10 866 20Bow Singapore² 2004 9 888 10 867 10 867 20Bow Americas 2004 19 707 22 050 22 050 36Bow de Rich 2003 12 452 13 300 13 300 22Bow de Feng 2002 12 514 13 289 13 289 22Bow West 2002 12 503 13 299 13 299 22Bow Andino 2000 16 121 17 270 17 270 30Bow de Jin 1999 11 752 12 296 12 296 20Multitank Batavia³ 1998 5 870 5 941 5 941 20Multitank Badenia³ 1997 5 870 5 941 5 941 20Multitank Britannia³ 1996 5 870 5 941 5 941 20Bow Jubail² 1996 37 499 41 488 34 209 52Bow Mekka² 1995 37 272 41 588 34 257 52Bow Riyad² 1995 37 274 41 492 34 213 52Bow Baha 1988 24 728 32 458 19 662 25Bow Hunter 1983 23 002 25 026 21 031 28Bow Pioneer 1982 23 016 25 965 20 969 28Number of ships: 96 2 640 799 3 042 856 1 985 070¹ Vessel beneficially owned through financial lease.² Vessel on bare-boat charter.³ Vessel on variable timecharter.Chuan Dong 2010 9 000 OdfjellChuan Dong 2011 9 000 OdfjellChuan Dong 2011 9 000 OdfjellChuan Dong 2011 9 000 OdfjellChuan Dong 2011 9 000 OdfjellChuan Dong 2012 9 000 OdfjellNumber of newbuildings: 6 54 000STAINLESSNUMBERTANK TERMINALS LOCATION SHARE CBM STEEL, CBM OF TANKSOdfjell Terminals (Rotterdam) BV Rotterdam, NL 100 % 1 635 000 33 000 281Odfjell Terminals (Houston) Inc Houston, USA 100 % 320 600 82 300 98Odfjell Terminals (Jiangyin) Co Ltd Jiangyin, China 55 % 99 800 30 000 22Odfjell Terminals (Dalian) Ltd Dalian, China 50 % 119 750 18 350 51Odfjell Terminals (Korea) Co Ltd Onsan, Korea 50 % 250 590 15 860 70Oiltanking Odfjell Terminal Singapore Ltd Singapore 50 % 365 000 13 520 79Oiltanking Odfjell Terminal & Co. L.L.C. (Oman) Sohar, Oman 29,75 % 842 500 - 39Vopak Terminal Ningbo Ltd (Ningbo) Ningbo, China 12.5 % 63 500 7 900 36Total owned 3 696 740 200 930 676Associated terminalsDepositos Quimicos Mineros S.A. Callao, Peru 33 200 1 600 33Granel Quimica Ltda Santos, Brazil 97 720 19 784 99Granel Quimica Ltda Rio Grande, Brazil 40 800 2 900 28Granel Quimica Ltda Sao Luis, Brazil 55 027 - 28Granel Quimica Ltda Ladario, Brazil 8 000 - 6Odfjell Terminals Tagsa S.A. Buenos Aires, Argentina 47 135 528 87Odfjell Terminals Tagsa S.A. Campana, Argentina 62 980 10 188 88Terquim S.A. San Antonio, Chile 32 840 - 25IMTT-Quebec Quebec, Canada 293 127 5 496 54Total associated 670 829 40 496 448Grand Total 4 367 569 241 426 1124PROJECTS AND EXPANSIONS ONGOING NEW ESTIMATEDTANK TERMINALS SHARE CBM EXPANSION TOTAL COMPLETIONExir Chemical Terminals PJCCO (Iran) 35% - 22 000 22 000 Q1 2010Oiltanking Odfjell Terminal & Co L.L.C (Oman) 29.75% 842 500 425 000 1 267 500 Q1 2011Associated terminals447 000Depositos Quimicos Mineros S.A. Callao, Peru 33 200 13 600 46 800 Q4 2009Granel Quimica Ltda Rio Grande, Brazil 40 800 20 000 60 800 Q3 2010Granel Quimica Ltda Sao Luis, Brazil 55 027 10 000 65 027 Q2 2010Granel Quimica Ltda Triunfo, Brazil - 12 000 12 000 Q3 2010Granel Quimica Ltda Teresina, Brazil - 7 000 7 000 Q3 2010Granel Quimica Ltda Aracruz, Brazil - 30 000 30 000 Q4 2011Terquim S.A. Mejillones, Chile - 80 000 80 000 Q4 2010NR.04/ 0931172 600www.odfjell.comodfjell quarterly magazine

MAIN OFFICE ODFJELLOdfjell SE - Odfjell Tankers ASConrad Mohrsv. 29,P.O. Box 6101 Postterminalen5892 Bergen, NORWAYTel: +47 5527 0000Fax: +47 5528 4741Fax: +47 5527 9070 (Chartering/Operations)MAIN OFFICE TERMINALSOdfjell Terminals BVOude Maasweg 6, P.O. Box 5010Harbour Number 40403197 KJ Rotterdam-BotlekThe NETHERLANDSTel: +31 102 954 700Fax: +31 102 954 719INTERNATIONAL OFFICESOdfjell USA (Houston) Inc.12211 Port RoadSeabrook, TX 77586, USATel: +1 713 844 2200Fax: +1 713 844 2211Odfjell Singapore Pte Ltd6 Shenton Way, # 27-08/09DBS Tower 2SINGAPORE 068809Tel: +65 6349 1300Fax: +65 6224 2285Odfjell Japan LtdOgawa Bldg. 8F2-2 Uchikanda 1-ChomeChiyoda-ku, Tokyo 101-0047, JAPANTel: +81 3 3259 8555Fax: +81 3 3259 8558Odfjell Netherlands BVOude Maasweg 6, P.O. Box 50103197 XC Rotterdam-BotlekThe NETHERLANDSTel: +31 102 953 666Fax: +31 102 953 668Odfjell Brasil LtdaAv. Paulista 460 - 18 andarCEP 01310-000 Sao Paulo SP, BRAZILTel: +55 11 3549 5800Fax: +55 11 3549 5808Odfjell ShanghaiSuite B, 13FHuamin Empire Plaza728 Yan An West RoadChangning DistrictShanghai 200050, P.R. CHINATel: +86 21 5239 9469Fax: +86 21 5239 9897Odfjell Dong Zhan Shipping (Shanghai)Co.,LtdSuite C, 13FHuamin Empire Plaza728 Yan An West RoadChangning DistrictShanghai 200050, P.R.CHINATel: +86 21 5239 5393Fax: +86 21 5239 9897Odfjell Argentina SAAlicia Moreau de Justo 1960Office no. 202 - Puerto Madero1107 Buenos Aires, ARGENTINATel: +54 114 313 7837Fax: +54 114 313 4619Odfjell Australia Pty LimitedSuite 4, Level 1443 Little Collins StreetP.O.Box 1279Melbourne VIC 3001 AUSTRALIATel: +61 3 9642 2210Fax: +61 3 9642 2214Odfjell IndiaA-26, Nandbhuvan Industrial EstateMahakali Caves Road, Andheri (East)Mumbai 400093, INDIATel: +91 22 6695 4701Fax: +91 22 6695 4707Odfjell Durban (Pty) LtdThe Sharaf House2 Sinembe Crescent La Lucia RidgeDurban 4051, SOUTH AFRICATel.: +27 31 5834470Fax: +27 31 5834488Odfjell Tankers AS, Korea BranchRoom 1815 Gwanghwamum Officia Bldg.163 1-ga ShinmunnoJongn-gu, Seoul, 110-999 KoreaTel: +82 2 775 9760Fax: +82 2 775 9761Odfjell Korea Ltd.136, Cheoyong-Ri,Onsan-Eup, Ulju-GunUlsan, KOREATel: +82 52 227 5527Fax: +82 52 227 5567Odfjell ChilePuerta del Sol 55Las Condes, SantiagoCHILETel: +56 2 3307221Fax: +56 2 3307948Odfjell Philippines Inc.4th Flr Atlantis Beacon Tower2315 Leon Guinto St.Malate, Manila 1004PHILIPPINESTel: +6325280341Fax: +6325262256Odfjell Dubaic/o Sharaf Shipping AgencySharaf Building, Al Mina RoadP.O. Box 576,Dubai, UNITED ARAB EMIRATESTel: +971 4 351 9785Fax: +971 4 351 9756Odfjell (UK) Ltd14 Headfort PlaceLondon SW1X 7DHUNITED KINGDOMTel: +44 207 823 0605Fax: +44 207 823 0606Odfjell PeruAv. Enrique Meiggs, 240Urb. Chacaritas,Callao, PERUTel: +51 1 614 0800Fax: +51 1 614 0801REGIONAL OFFICESOdfjell Asia Pte Ltd6 Shenton Way, # 27-08/09DBS Tower 2SINGAPORE 068809Tel: +65 6349 1300Fax: +65 6224 2285Odfjell Ahrenkiel Europe GmbHAn der Alster 45, Postfach 100 220,20099 HamburgGERMANYTel: +49 40 24838 307Fax: +49 40 24838 319Flumar Transportesde Quimicos e Gases LtdaAv. Paulista 460 - 18 andarCEP 01310-000 Sao Paulo SP, BRAZILTel: +55 11 3549 5800Fax: +55 11 3549 5807TERMINALSOdfjell Terminals (Rotterdam) BVOude Maasweg 6, P.O. Box 5010Harbour Number 40403197 KJ Rotterdam-BotlekThe NETHERLANDSTel: +31 102 953 400Fax: +31 104 384 679Odfjell Terminals Maritiem BVOude Maasweg 5Harbour Number 40203197 KJ Botlek-RotterdamTHE NETHERLANDSTel: +31 10 2951 300Odfjell Terminals (Houston) Inc.12211 Port RoadSeabrook, TX 77586, USATel: +1 713 844 2300Fax: +1 713 844 2355Odfjell Terminals (Dalian) LtdNew PortEconomy & TechnologyDevelopment Zone 116601, DalianP.R. CHINATel: +86 411 8759 5500Fax: +86 411 8759 5549Odfjell Terminals (Jiangyin) Co., Ltd1314 West Binjiang RoadShizhuangNew Harbour City, JiangyinJiangsu 214446 P.R. CHINATel: +86 510 8666 9111Fax: +86 510 8666 9110Odfjell Terminals (Korea) Co, Ltd136, Cheoyong-RiOnsan-Eup, Ulju-GunUlsan, KOREATel: +82 522 311 600Fax: +82 522 376 636Oiltanking OdfjellTerminal Singapore Pte Ltd1 Seraya AvenueSINGAPORE 628208Tel: +65 6473 1700Fax: +65 6479 4500Oiltanking Odfjell Terminals & Co. Llc.P.O. Box 369PC., 322 Fajal Al QubailSohar, SULTANATE OF OMANTel: +968 2685 0412Fax: +968 2684 7738Vopak Terminal Ningbo Ltd.No. 111 Zhaobaoshan Road,Zhenhai DistrictNingbo, P.R. CHINATel: +86 574 2769 5638Fax: +86 574 8627 5931ASSOCIATED TERMINALSGranel Quimica LtdaAv. Paulista 460, 18° andarCEP 01310- 000 São Paulo, SPBRAZILTel: +55 11 3549 5800Fax: +55 11 3549 5832Tagsa S.AAv. Alicia Moreau de Justo 1960,piso 4 Of. 4021107 Buenos AiresARGENTINATel: +54 11 4001 9700Fax: +54 11 4001 9701Terquim S.ABlanco Encalada 840Dept 702, San AntonioCHILETel: +56 35 21 1050Fax: +56 35 21 1161DQM S.AAv.Enrique Meiggs, 240Urb.Chacaritas,Callao,PERUTel: +51 1 614 0800Fax: +51 1 614 0801www.odfjell.com