Odfjell Quarterly June 2012

ODFJELL

JUNE 2012

www.odfjell.com

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In this issue of Quarterly you will find that we have a particular focus and emphasis on Safety. From a first scan your impression probably is that we currently have quite a few safety initiatives and projects under way, which is correct. In this context I have had the opportunity recently to take part in work-shops, both on the shipping and terminal side, and that was indeed very encouraging. The enthusiasm and efforts that you all seem to have in bringing our Safety Culture to a new level is promising, since we in fact still have a job to do. We have so far made big and important efforts in establishing systems and ways of measuring key performance indicators and in that respect, have developed a culture by which we seem to address the problems seriously only after things have gone wrong. In view hereof and as recommended by experts, we have come to the conclusion that we now ought to become more proactive – meaning that we want to move away from managing QHSE based on what has happened in the past to focusing more on preventing what might go wrong in the future. This will definitely involve a major effort for us. According to Shell’s commonly used scale for self-assessment, our decision entails making the really challenging steps up the so-called 'Safety Ladder'. By doing so, we will have to break through an imaginary glass ceiling. This involves each and every one of us; our involvement and attitudes. So stay prepared for more changes and new initiatives to further improve our QHSE culture and performance.

In the last issue of Quarterly I finished off by saying that the outlook seemed to be somewhat better and consequently, that we had reason to be a bit more optimistic. Unfortunately, although first quarter showed much longed for improvements of our chemi-cal tanker earnings, second quarter so far has seen a reversed trend. Right now we suffer from low activity in the spot markets as well as modest nominations under our contracts of affreightment; all together a demand 'problem'. This again seems to be a reflection of a continued uncertain geopolitical situation and associated thereto, a troubled world economy. The long-term picture, however, continues to develop to

our advantage; particularly since the global fleet of chemical tankers in the next few years seems to be in for a close to zero net growth. Odfjell has contributed to the modest net fleet growth by the sale of additional ships for recycling – so far this year four units with a total combined carrying capacity of as much as 182,400 DWT. Still, however it seems that we have to be more patient than earlier anticipated.

At the end of May we held our annual Management Strategy Update Seminar in the vicinity of Bergen, marking the start of a new integrated management cycle. During the seminar we again assessed our Business Model, with next step being to suggest to our Board of Directors potential changes to our concept. Although we have been in the red the last four years, the participants remained confident that the Business Model is adequate and will result in satisfactory long run returns. We still have challenges or gaps though, associated to that of running our business according to the model. One of the main shortcomings identified at the seminar is that we are still not fully capable of tapping the potential synergies between our three modes; tank terminals, short-sea and deep-sea tankers. This will now obviously be further addressed with the conclusions to be reflected in our action plans for the coming year. In this context we are and will always be talking about a process of continuous improvements. You may argue that this has been on the agenda many times before, which indeed is the case. But this is what business is all about today. If we want to survive, we have to be adaptable to changes and at the same time constantly be on the lookout for ways to improve. So please, don’t expect stability and quiet days!

Have a good summer!

magazineQUARTERLY

odfjell

Dear Colleagues,

Jan A. Hammer,President/CEO Odfjell SE

HighlightsSafety – a top priority in Odfjell 04

Core values 05The RD 12 regime 06

Safety culture brief on board Bow Faith 07Odfjell Academy introduces fall protection training 07

Safety at Odfjell Terminals 08OTK beats the Korean standard safety record fourfold! 09

Odfjell Terminals (Rotterdam) 10implements further renewal 00

‘Fleet safety never sleeps’ 11

LandmarksNaming ceremony of Bow Fuling 12

Phase 6 of Oiltanking Odfjell Terminals 12Oman near completion 00

Odfjell acquires 25% share in 13 Noord Natie Terminals in Antwerp 00

Improved earnings despite continued high bunker costs 13

QHSE Odfjell participate in Carbon Disclosure Project 2012 14

Reducing CO2 emission 15First global QHSE managers meeting 16

BriefingsVisible signs of change at OTC 17

Odfjell Nangang Terminals (Tianjin) in progress 18 Improving waterfront capacity at Odfjell Terminals (Korea) 18

From ship to shore 19Careers on shore 19

Improved dry docking prosess 20 Time charter inspection and Port Captain seminar 20

Training On Board project 21 Back on Daewoo Shipyard after nearly 30 years 22

Mobility Task Group follow up: iPad @ Odfjell 23Stowage project right on track 24

Sea and shoreMoving around 25

Odfjell’s ‘Healthy Living’- Fun Climb 26Norwegian Ambassador talks about Norwegian culture 27

Distinguished visit to Odfjell Houston 27The best Odfjell shots! 28

Personnel 31Fleet and terminals 34

Offices and addresses 36

Texts submitted to Quarterly may be subject to editorial adjustments.

Odfjell Quarterly

EDITOR: Margrethe Gudbrandsen

EDITORIAL COMMITEE:Karin Ryland Blom, Brit A. Bennett, Matt Duke,Geirmund Drivenes, Leif Gunnar Alvær,Theo Kruithof, Siri-Anne Mjåtvedt, Henning Løseth

CORRESPONDENTS:HOUSTON: Rebecca SnyderPHILIPPINES: Jennifer Franco

Deadline next issue: 24 August 2012

Design: Bruno Blanchard, Cox Graphic production: Jannicke Gildernes, CoxPrint: Scanner Grafisk ASCover: Winner of the photo contest 2012: Bow Firda in Bayonne, France by Christian Dahl

Photo this page: Entry to the photo competition: Welcome on board, Bow Bracaria in Ceuta, Spain by Rhannel Alaba

CONTENTS

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HigHLigHTS odfjell quarterly magazine

Following Helge Olsen’s presentation of the Odfjell Ship Management’s core values my aim is to explain the ‘whys’ and ‘hows’ of our core values and also about the process of identifying these. Odfjell Ship Management has joined the plethora of organisations that have identified their core values. We did this with the help of our organisation, and they reflect the main underlying experience of what typifies us when we are at our best; in essence what we strive for. But, what are core values, why is it important to have them, and how did we come to identify these specific values?

The professionals’ definition of core values: ‘principles that guide an organisation’s internal conduct as well as its relationship with the external world’.

Ship Management definition: Our core values represent Odfjell Ship Management’s highest qualities and our deeply held beliefs. They help us make priorities and create a shared understanding of what is important and what we as individuals can expect from each other.It was important to identify Odfjell Ship

Management’s core values as a vital first step in the development of a sound safety culture. It was therefore very gratifying (but not surprising) that safety itself stood out as a clear core value. There are many organisations that include safety in their core values, and for some it is more on the ‘wish list’ than an actual core value. In order for a value to be a true core value it must be several things; strongly held, widely held, stable over time and homogenic (representative for most of the organisation). The process that we went through to identify Odfjell Ship Management’s core values tells us that the identified values certainly meet at least three of these criterias. We held several workshops and asked Captains in Bergen and Manila, Marine Superintendents/Technical Superintendents and relevant shore person-nel in Bergen and Singapore to answer the question: ‘what defines us when we are at our best?’

Group discussions and presentations yielded a list of nouns, descriptions of outcomes and behaviours, goals, etc. that describe our ideal. This list was grouped into categories by a pro-cess called ‘thematic content analysis’. From

this analysis four main categories of values became evident. It is gratifying to note that all comments in the list fell clearly into these four value categories. This suggests that the four values are indeed valid and true values in Odfjell Ship Management across the fleet. In other words, the four values chosen truly reflect our values in the Company as a whole and are strongly held as well as widely held and homogenic. It is very important that the values of an organisation do not represent the values of just one part of the organisation (e.g the Bergen fleet or leadership’s viewpoints) but reflect the true values of the entire Odfjell Ship Management.

Ship Management’s three values which are; Proactive and uniform safety, Professionalism and expertise and Integrity, support and respect by all, reflect both how we are today and how we are when we are at our very best. Therefore our values are also a vision and goal. Primarily though, our values are our road map for how to behave and what priorities we should make in our daily activities.

QHSSE, which means Quality, Health, Safety, Security and Environment, is an abbreviation that has emerged over the last few years. This abbreviation is now quite well known and has replaced old wordings such as ‘Safety First’. QHSSE encompasses a broader range of issues and is therefore easier to break down into manageable elements. in this issue of the Quarterly you will find several interesting articles on safety seen from different positions and angles.

High focus on safety is not something new in the operation of tankers and tank terminals, in particular not on those handling flammable or otherwise hazardous chemicals. Many explosions and other serious accidents over the years have proven that such focus must be an essential part of daily life. In Odfjell we unfortunately have had our share of accidents, Bow Mariner, Bow Eagle, NCC Mekka and T/C ship Bow Reidun to mention the most serious incidents. New regimes like Vetting and ISM were introduced and implemented in the early nineties and have definitely had a positive effect, but sadly we still see too many fatal accidents. The recent violent explosions on Stolt Valor and Royal Diamond are strong reminders of what can go wrong in our industry and show that the risks in this business are still very real. Fatalities during tank entries are also reported far too often and a common denominator here is that established procedures are for some reason not being followed. The procedures are ‘roadmaps’ to safe operations and we all know that a safe voyage is dependent on the correct map of the right scale being in place and being USED. Compliance is the key issue. If the ‘map’ is wrong, incomplete or difficult to understand, it allows for short-cuts and by-passing. Such shortfalls must be reported to the management so that corrections can be made. It is also important to offer support and guidance to juniors, and if at any point someone feel unclear as to the safety aspect of an operation, they shall stop it. Safety was an important issue at the management seminar which took place on 31 May. The key elements focused on were 1) risk assessment and how to better manage our most serious risks, 2) safety awareness and the human element and 3) the proactive elements of event handling like preventive actions and the effective ‘follow-up’of these. We also looked into co-ordination of personal and process safety and better ways to monitor our overall QHSE performance. These three highlighted areas will be tied in closer with our audit and reporting programmes.

Take safety seriously and remember, next time it could be YOU that are involved in an accident.

core values – what they are, and how we figured them out! By Helen von Hirch Eriksen, Organisational Psychologist, Proactima

Safety culture:- the importance of shared values Helge Olsen, SVP Ship Management (Bergen)

We realise that in order to continue to improve our safety performance we need to look further than just the development of our organisational structure and procedures, systems and tools. The focus of our safety culture improvement programme is primarily on understanding the elements of the safety culture and leadership. The main issues are to gain a better understand-ing of how risks occur, to realise that we can control these risks and that dealing with them should have priority. in addi-tion we need to be proactive and open to learning and making improvements.

One of the main aspects of a safety culture is ‘values’. They describe who we are, and represent the foundation on which we base our actions.

After much discussion and several work-shops with both ship and shore staff, we have now identified our core values to be as follows:

- Proactive and uniform safety- Professionalism and expertise- Integrity, support and respect by all

These values have been distributed and become part of the relevant procedures and will also be further presented at conferences and in connection with on board visits etc.

Ship Management’s three values which are• Proactive and uniform safety, • Professionalism and expertise and • Integrity, support and respect by all, reflect both how we are today and how we are when we are at our very best.

Photo taken by Rhannel Alaba and is a contribution to the photo contest

Safety – a top priority in Odfjell By Toralf Sørenes, SVP QHSE (Bergen)

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Odfjell Academy is now conducting ‘Fall Protection’ courses which have been developed by Aak Safety and tailor-made for Odfjell in order to improve safety when working aloft.

An analysis of reported Accidents and Near Accidents was the basis for setting up the course at the Academy. The Fall Protection course was developed to promote safety on board, and will therefore be an essential course to be given to all crew.

Mr. Stein Falsen Moeller, from Aak Safety, was able to provide an actual demonstration of the fall protection equipment as well as run train-the-trainer classes, which were attended by HSE Manager Harald Bauck, Competence Manager Per Morten Sakshaug and Odfjell Academy Head CE Leo J. Gegajo.

Promoting safety on boardThe Odfjell Fall Protection package, which includes instruction manuals and videos, will be supplied to all Odfjell owned vessels.

As outlined in geirmund Drivenes article, ‘RD 12 ships visit’ includes a HSSE brief as part of the visit agenda. This visit is considered to be a very important part of the Ship Management safety culture programme and has been significantly amended over the last few months. Some of the changes include a comprehen-sive HSSE brief developed by our Risk Management section as well as training

of Superintendents in the various parts of this brief. The element of a safety culture and also the establishment of ships specific goals according to the HSSE guidelines have been given specific attention.

During Bow Faith’s dry docking in Bahrain at the end of May I had the pleasure of visiting the ship, during which ‘Lessons Learned’ from other ships were discussed in detail with the

officers. In addition a HSSE brief, with focus on the elements of a safety culture and the safety barrier concept of the bow-tie model, were presented to the entire crew. I would like to thank Captain Per O. Rongmo, his crew as well as Technical Superintendent Tommy Berg for their active contribution during my visit and the brief. Their feedback is highly valuable in order to further develop such briefs on board.

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The latest RD 12 inspection was carried out in Durban, mid February 2012, by Technical Superintendent Jostein Lygre. The RD 12 inspection was unlike any Vetting or CDi. This inspection lasted five working days and was perceived overall as a positive experience.

The main focus within this inspection was to get better acquainted with RD 12 as a tool, and above all to get the crew and Shipboard Management Team more involved in the safety culture with special attention to proactiveness.

Being proactive can help us to gain a better understanding of situations and most likely prevent situations and incidents before they happen. In short, we are good or may I say very good, in reducing the consequences of an incident, but we could be even better in preventing the actual consequences. In order for us to prevent these from actually happening, we must use tools such as TRA (Task Risk Assessment), TBT (Tool Box Talk) and WP (Work Permits).

During the inspection Mr. Lygre gave a pre-sentation with regards to the safety culture for the Shipboard Management Team and crew. We found it both meaningful and educational, and the involvement from the crew was noticeable.

Upon completion of the inspection, the ship went to sea and the Shipboard Management Team arranged a general meeting in order to discuss the findings and how we can work towards being more proactive.

During this meeting we decided that the ship’s Protection and Environment Committee should meet every Friday and as well as discussing the weekly work they should also include eventual Near Accident/Accident and Non-conformity.

M/T Bow Sea was at the bottom of the list of reported incidents in 2011, but just one month after the inspection, we noticed the involvement by the crew had increased to 17 reports and that the safety awareness has definitely become more an issue now than before.

Captain Per O. Rongmo, his crew, Technical

Superintendent Tommy Berg and Helge Olsen gathered

after the HSSE brief

odfjell academy introduces fall protection training By Per Morten Sakshaug, Competence Manager (Manila) and Janelve Ramos, Administration Assistant (Manila)

RD 12 inspection on Bow Sea- From a Captain’s point of view By Captain Jan Kåre Næss

Safety culture brief on board Bow Faith By Helge Olsen, SVP Ship Management (Bergen)

Reference document 12 (RD 12) is the ‘Agenda for Technical/Marine Superintendent’s visit on board’. The RD 12 is the baseline for the renewed and improved ship inspection system in Odfjell. A Ship Manager is required to have a system in place to make sure the ships under their management are operated safely and maintained in conformity with relevant external and internal rules and regulations. A vital part of achieving the above is reliant on the system set up for visiting and inspecting the ships. in Odfjell, both Technical and Marine Superintendents are required to visit their ships at regular intervals, and these visits are to be organised in accordance with the RD 12.

The RD 12 regime dictates that a full scale RD 12 inspection shall be held annually on board each ship. The RD 12 inspections are done (primarily) by the Technical Superintendents (TSI) and the Marine Superintendents (MSI). The RD 12 inspection has three parts; part 1 for the TSI (technical issues), part two for the MSI (marine, nautical, procedural section) and last, but not least, part three covering HSSE issues. The latter also dictates that a safety meeting with a fixed agenda shall be held on board during the visit.

An inspection may only be declared full scale RD 12 if either of part 1and 2 are done in addition to the mandatory part 3. The findings and observations from a RD 12 inspection are followed up and closed within target dates as set during the inspection. In addition to the full scale RD 12 inspection, each ship may have several other visits by their Superintendents. Also from these visits there will be written visit reports retained on board for follow-up and documentation.

The RD 12 ship inspection regime By Geirmund Drivenes, VP Fleet Management (Bergen)

To execute an efficient and successful RD 12, a well prepared plan is essential. Firstly, timing is important as the inspec-tion needs to be coordinated with the previous RD 12 inspection by the Marine Superintendent (MSi). Secondly, you must find the best suitable port, and thirdly you need to make sure that it is a different Shipboard Management Team (SMT) than that of your previous inspection.

An agenda is set prior to the inspection, which includes the topics that are to be discussed with the SMT. This serves as preparation for both the inspector, the crew and officers on board.

The inspection will normally take five to seven days on board which includes a general safety meeting with all available crew where they discuss topics such as the HSSE programme, safety culture, measures to reduce the Lost Time Injury Frequency (LTIF), use of personal protection equipment (PPE), Task Risk Assessment, Accident/Near Accident reporting, recent high-risk accidents on Company vessels, new Lessons Learned and safety equipment. During the inspec-tion, other meetings with the SMT will also take place where they review reports and documentation as well as update rules and regulations, provide the latest instructions to Master, discuss HSSE issues, etc.

the rd 12 regime - from a technical Superintendent point of view:

Planning and execution By Jostein Lygre, Senior Technical Superintendent (Bergen)

Stein Falsen Moeller demonstrating the correct use of fall protection equipment

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Nevertheless, as much as we may believe we are focusing heavily on safety, we must be mindful that our key indicators reflecting our safety performance may not always reflect the ‘true’ safety status. We can easily be fooled into thinking that what we believe to be a certain level of safety is not actually reflected in reality.

Process safety Focusing on a single element of the safety records such as personal safety, will only give us historic information and can easily give companies and its employees the impression that everything is running smoothly. However, this is misleading. In order to truly manage and maintain our safety performance and to minimise risk, we need to have a strong focus on the actual safety ‘process’. Some companies considered to be leaders in safety, have suffered serious incidents due to their lack of focus on process safety. In these cases ratings may have been high with regard to personal safety records, but focus on process safety was insufficient.

As a company heavily focused on safety, we are constantly reviewing our approach as well as our safety culture in general. In a recent review, we have found that improvements can be made in several areas especially with regards to process safety.

The fact that we have not had sufficient focus on all relevant safety aspects is partly due to the Odfjell Terminals (Rotterdam) (OTR) current situation that has caused concerns for our management and employees as well as the authorities and the local community; culminating in negative media exposure.

Although the recent events at OTR have been very upsetting for everybody concerned, from a positive point of view, it has forced us to reevaluate the way we look at safety.

Bringing safety to a higher levelIn order to bring safety at Odfjell to a higher level, we have addressed several issues:

• The learnings from OTR and the involvement of external consultants will be analysed, implemented and best practices will be introduced at our other terminals.

• The sharing and learning culture within Odfjell Terminals is being strengthened.

• Odfjell Terminals Common Policies and Procedures Manual (CPPM) is being reviewed, updated and extended to improve the guidance and procedures to the terminals.

• The audit protocol for the terminals is being reviewed and they are to introduce a ‘rating tool’ (scorecards) to identify gaps in the safety systems and will use this to

identify the need for training and possible amendments to policies, procedures and/ or standards.

• We will aim to have more alignment between the terminals by introducing more frequent meetings (f.e. QHSE Managers meeting, engineering meeting, terminals manager meeting).

• We will ensure that the management is more visible in the field.

• We aim to improve awareness and com- mitment at all levels within the Company.

The above activities are some of the initia-tives that Odfjell Terminals are introducing in order to keep improving on safety. This is a long term process and we hope that our continuous effort will bring improvements and will reinforce the focus on safety.

Bringing safety to a higher level at Odfjell Terminals

Safety at Odfjell TerminalsBy Pierre Houben, Global QHSE Manager, Odfjell Terminals B.V. (Rotterdam)

Safety has always been given high priority in Odfjell. This is only natural when you consider the consequences a potential incident may have on employees, contrac-tors, the facilities, the community, the environment as well as for our Company’s reputation.


On 17 April, Odfjell Terminals (Korea) (OTK) recorded 1,520 days without reporting any LTi (Lost Time injury). This safety record is four times greater than the Korean ‘Standard’ on Safety Working Days.

Obviously it is a challenge to maintain such records, and to do so OTK will further increase the focus on our process safety. We will expand on the reporting of Near Misses to ensure that we can minimise any causes that may result in future incidents. Furthermore, OTK will concentrate our efforts more on the RA (Risk Assessment) and our JSA (Job Safety Analysis) procedures. This work is being

strongly supported by Odfjell Terminal Asia’s Regional QHSE Manager. The purpose with the RA implementation is to reinforce the safety awareness of all employees, especially our operators. This gives them the opportu-nity to review their own safety performance during operations.

All these efforts will support and enforce OTK’s safety record and assist in further cul-tivating OTK’s safety culture. A strong involve-ment from the top management helps to support the various initiatives. To ensure continuity, OTK’s safety committee will be strengthened and have full involvement of the

Terminal Manager, Maintenance, Operation Supervisor and Safety Manager.

As OTK has reached this long term safety record, we realise that safety will be an ongoing topic that all OTK’s employees will need to focus on. To ensure such continu-ation, we intend to build an even stronger safety culture by increasing our focus on process safety.

otK beats the Korean standard safety record fourfold! By Dong-Soon Park, Terminal Manager, Odfjell Terminals (Korea)

The proud employees at OTK

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in the last Quarterly, we reported that Odfjell Terminals (Rotterdam) (OTR) was being closely monitored by the environmental and safety authorities. We explained the situation up to the beginning of February. What has happened since?

• OTR has been discussed in the Dutch Parliament. The central theme of the discussion was how to guarantee that Major Accidents (Risks) Decree (BRZO) companies are safe. Odfjell was only used as an example. The Deputy Minister for Infrastructure and Environment answered various questions of the different political parties.

• On 6 March, some 20 inspectors of various authorities reported at OTR to carry out a further BRZO inspection. This inspec-tion lasted two working days and was carried out by inspectors from the Labour Inspection (ISZW), the Environmental Authority (DCMR), Customs, Safety Region Rotterdam (VRR – among others, the fire brigade) and others. As one can imagine this was a very thorough investigation. Of course, OTR lent its full cooperation. During this inspection two major issues that required immediate follow-up were found. Consequently, the ISZW told us to stop using certain infrastructure, until adequate safety measures were taken. We complied shortly after. Unfortunately there were more findings.

• Being in a negative spotlight already, the preliminary results of the BRZO inspection were picked up by the media as well.

• Spurred on by the media attention, the outcome of the BRZO inspection led to

additional questions in the national parliament. These questions were mainly about the maintenance situation of the petrochemical industry in general, not about Odfjell in particular.

• Both our Chairman Laurence Odfjell and our local Managing Director Geert Eijsink visited many local and provincial politi-cians to explain the situation at OTR and, more importantly, how OTR will solve the issues. Most politicians feel that we are really working hard to get back on track again. Core message: Odfjell must show improvement and proactiveness.

• DCMR carried out an inspection at our distillation facility, Odfjell PID. The main focus was on the distillation of waste product flows. No major issues were found.

• In the last few months, we were basically visited every week by local, provincial and national politicians, mostly on our invita-tion. They all wanted to see for themselves what is going on at OTR. By inviting people to our facility, explaining to them what we are doing and showing everybody the ropes, we definitely created goodwill. After all, we have nothing to hide.

improvementsIn the meantime, and of course accelerated by the negative outcome of the BRZO-inspections, OTR is rapidly implementing various improvements at the terminal. Work processes are reassessed, and the safety cul-ture is improved: OTR is working to change its employees’ behaviour. The importance of working safely is communicated to the staff through a focused programme. In addition, several administrative processes are critically

assessed and improved. At the terminal itself (i.e. in the hardware), more issues are addressed where possible. A range of small, quickly-implemented improvements are being made, but large-scale projects are also being started up in order to improve OTR’s safety and environmental performances. The authorities will be checking the progress this autumn.

TNO AuditThe improvements will take some time to complete at the large, seventy hectare ter-minal, where a variety of business processes take place. In order to be sure that nothing is left untouched in the area of safety, TNO is conducting a comprehensive audit of the safety of all vital parts of the terminal. TNO is one of the most renowned research agen-cies in the Netherlands. This audit focuses on the safety of people and processes at the terminal. It will examine all hardware, people (behaviour and attitude) and the organisa-tion (culture, structure and processes). This approach ensures that OTR is fully screened in the area of safety.

Overview Botlek area. OTR circled in blue and OTM circled in red

Odfjell Terminals (Rotterdam) implements further renewal By Theo Kruithof, Marketing and PR Officer, Odfjell Terminals (Rotterdam)

Working towards this noble goal and in line with their motto: ‘The Safety of our Crew means the World to us’, Fleet Management Limited conducted a two-day seminar for their senior sailing staff at the Hotel Park Hyatt, goa on 12 and 13 April. Senior representatives from various ship owners and operators, P&i clubs and other senior industry players, also graced the occasion.

The old adage ‘safety never sleeps’, is particu-larly important in the shipping industry where even a minor lapse in safety measures can lead to a major disaster. Furthermore, safety as a culture does not happen in a vacuum. Safety is the responsibility of every indi-vidual on board a ship with risk assessment processes, rules relating to maximum safe working hours, operating procedures, permits to work, standards for training, certification and watch keeping training. These systems are there only to assist the seafarer to be safe.

You only have to look back in time to show how a disregard for safety has led to disasters. When evaluating past incidents, it is important therefore to ask ‘why’ and ‘how’ an accident occurred and discuss concrete solutions for the future. The priority is to ensure that safety is part of shipping and that all experience, from the smallest incident to the most serious one, serve to enhance our understanding of ‘why’ and ‘how’ a safe working environment should be maintained on board. Kicking off the seminar, Captain Prashant Rangnekar, General Manager of Elegant Marine Services Private Limited (EMSPL) India, welcomed the

guests and dignitaries: – Our seafarers do a lot for us, thus, their safety is the key concern of the shipping industry today. Our theme for this year is ‘Safety - a way of life for all those on shore and at sea’. Through this forum, we intend to spread the safety message among our staff. Our aim is to achieve safe crew, safe ships and clean seas, he said in his opening remarks.

Near MissesAt the seminar several speakers presented different aspects of the safety issue. ‘Near Misses’ were one of the topics presented. Near Misses form an integral part of all major shipping incidents and have adverse consequences. A well-run ship where the staff is safety conscious will result in minimum Near Misses. Mr. Sanjay Chandra, Technical Director at Fleet Management, Hong Kong, made an interesting interactive presentation on ‘Near Misses raise the bar for incident-free operation’. According to a recent study, 600 Near Misses correspond to 30 minor accidents and 1 major incident or fatality. – If we capture Near Misses, analyse them and design correc-tive action. Then we are bound to avoid any major incidents, he said.

Mr. S. Chandra also explained the impor-tance of reporting Near Misses and how this improves safety standards. According to him, reporting Near Misses engenders awareness among the ship’s crew and enables them to take preventive measures to avoid any poten-tial incidents or accidents. He concluded his session by stating: – A Near Miss is a symptom

that shows up before the disease. That is why understanding, analysing and preventing Near Misses is crucial to every vessel.

‘fleet safety never sleeps’ By Sudesh Kamath, Commercial Manager, Odfjell India

fleet management limited• The company provides a comprehensive range of ship management services to cargo ship owners worldwide

• Based in Hong Kong

• The company has at its disposal professional manpower, both ashore and at sea, operating to internationally recognised quality management standards like ISO 9001, ISO 14001, OHSAS 18001 and ISM code compliance certificates from DNV

• Manage crew on board eight of Odfjell’s time charter vessels

Morten Nystad SVP Odfjell Tankers was one of the external speakers at the seminar who presented views on the chemical tanker market

Captain M S Nagarajan (Director & GM, FML), Morten Nystad (Odfjell Tankers), K S Rajvanshy (MD of FML HK), Harry Banga (Vice Chairman Noble Group HK) and Sudesh Kamath (Odfjell India)

‘i make a difference’ By Toralf Sørenes, SVP QHSE (Bergen)

Odfjell Terminals (Rotterdam) (OTR) has put a great effort into improving the safety on the terminal through an ‘I make a dif-ference’ programme with personal and process safety as central elements. The top management of Odfjell including our CEO was invited to a two day workshop where this was presented.

The programme was both impressive and also a bit of an eye opener in some areas. Procedures and systems have limitations and the core of the programme was that real safety starts with each individual employee.

Everyone can make a difference, and we must not forget to help and support each other. On behalf of the CEO and top management of Odfjell we will thank OTR for two very interesting days.

As part of the programme, employees at OTR have made their own ‘I make a difference’ posters. This is Edwin van Triest, Customer Service Representative at OTR


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LANDMARKS odfjell quarterly magazine

On 11 May, the first of three 9,000 DWT vessels under construction in China for Odfjell at Chongqing Chuandong Ship-building industry, was named Bow Fuling. The shipyard is located far up the Yangtze River in the City of Fuling, and the name of the vessel has been given in honour of the City.

The naming ceremony took place in Shanghai, and Lady Sponsor Yayoi Hamazaki Halle gracefully performed the task of naming the vessel. Top management from Odfjell attended the ceremony. President/CEO of Odfjell, Jan A. Hammer expressed his thanks to the shipyard for maintaining a strong amicable relationship with Odfjell. The cooperation between the shipyard and Odfjell has resulted in a ship that both parties can be truly proud of.

Bow Fuling is a ‘state of the art’ modern chemical tanker, with sophisticated features that will be rewarding for the trade. She will be sailing in the Odfjell Asia Fleet and will call upon ports in China many times in the future. Captain Gabriel and his crew are eagerly prepared to take the vessel into service when she is ready for delivery.

A special thank you is extended to all our colleagues in the Odfjell Shanghai office, for their contribution and efforts in making the naming ceremony a special and memorable day for all the participants.

Expansion of the Board of DirectorsThe Annual General Meeting on 8 May resolved to expand Odfjell SE’s Board by one Director and Jannicke Nilsson was elected to the Board. An interview with Jannicke Nilsson will be included in the September issue of Quarterly.

Jannicke Nilsson, new Board Director

naming ceremony of Bow fuling By Geir Almestad, VP Project/Newbuilding (Bergen)

From left: Siren M. Jakobsen, Tore Jakobsen, Jan A. Hammer, Marion Hammer, Lady Sponsor Yayoi Hamazaki Halle together with her husband Johan Halle, Brando Dela Cruz Gabriel (Captain), Ronald Bataab Gabriel, Melchor Gonzales Casilihan and Joel Nunez Borromeo

Odfjell Terminals (Europe) B.V., a subsidiary of OTLG C.V., which is the joint venture company between Odfjell Terminals B.V. and Lindsay Goldberg LLC agreed with Noord Natie Holding CVBA in early June to acquire 25% plus one share of the equity in Noord Natie Terminals NV located in Antwerp, Belgium.

The Noord Natie Terminals facility currently has 297,000 cbm of storage capacity. At present, plans are in place to leverage the company’s excess waterfront capacity for further expansion of 155,000 cbm to bring total storage capacity to approximately 450,000 cbm in the coming years. The new name of the terminal will be Noord Natie Odfjell Terminals (NNOT).

odfjell acquires 25% share in noord natie terminals in antwerpBy Martijn Barnas, Legal Councel (Rotterdam)

EBiTDA first quarter 2012 of USD 41 million reflects improved earnings in the chemical tanker segment.

The first quarter of 2012 saw reasonably high activity levels and firm demand on the shipping side. Contract rate renewals were generally up and our customers fully utilised the available volumes under the contracts. Our earnings on a time charter basis increased by about 8%.

So far in the second quarter of 2012, shipping activity is slower with less demand in many areas and trade lanes. Bunker prices are currently decreasing, and if the trend continues, may offset some of the challenges we are faced with in the second quarter.

The tank terminals operated at 97% commercial capacity utilisation. In par-ticular, the Asian terminals performed well in this quarter. Tank terminal earn-ings remain steady.

CEO Jan A. Hammer is pleased with the improved earnings in the quarter. – Even though there is lower activity in the chemical tanker market so far in the second quarter we remain confident that the market will improve over the coming years, Mr. Hammer says.

Improved earnings despite continued high bunker costsBy Margrethe Gudbrandsen, Communication Manager (Bergen)

In particular, the Asian terminals performed well in first quarter 2012

With the construction of the new chemi-cal tanks at Oiltanking Odfjell Terminals Oman (OOTO) in the final phase, activities on site are now high despite temperatures of 40˚C and above. There is still some construction work to be completed before commissioning of the tanks early July, and the contractors are therefore working 24/7 to meet the deadline.

The phase 6 project consists of 12 new tanks for base oils and chemicals with a total storage capacity of 27,300 cbm. All tanks are situated adjacent to our existing berths AA1 and AA2, securing short jetty lines and efficient marine handling.

Besides the storage, this expansion also includes an effluent treatment plant. Facilities for chemical waste treatment are limited in Oman, so in order to comply with applicable regulations for waste water disposal, a chemical oxidation plant is part of the project. The effluent from line

and tank cleaning will be collected in a sump, treated in the plant and disposed of after analysis.

Over the last five years our terminal in Oman has developed from a green field site to a terminal of almost 1.3 million cbm. The terminal has a diversified portfolio of products ranging from LPG to CPP and chemicals. The latest expansion will allow us to serve the complete local market for bulk liquid storage and distribution by this addition of several smaller tanks to our portfolio.

Phase 6 of Oiltanking Odfjell Terminals Oman near completionBy Paul van Kooten Niekerk, Technical Manager, Oiltanking Odfjell Terminals (Oman)

Tankpit 5B tanks with intermediate

coating

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Odfjell’s volunteering for UN global Compact and our response to CDP have placed us among the few leading ship owning companies who are taking a proactive stand in keeping with inter-national codes of practices and aligning the strategy to the Company’s mission of ‘operating in environmentally safe manner’ whilst also differentiating our Company in terms of corporate responsibility and commit-ment.

Amendments as per RESOLUTION MEPC 203(62) 2011 to MARPOL Annex VI Energy Efficiency of mandatory technical and operational measures to reduce Green- house Gas (GHG) emissions from inter-national shipping by the Energy Efficiency Design Index (EEDI) for new ships, and the Ship Energy Efficiency Management Plan (SEEMP) for all ships also set the regulatory frame work for efficient and environmentally friendly ship operation. Most of Odfjell’s reported CO

2 emission is on

account of fleet vessel’s fuel consumption.

Picking the low hanging fruitsThere are many ‘low hanging fruits availa-ble’, to improve fuel efficiency on our vessels and to reduce GHG emission, some of which we have already been ‘picked’! Weather-routing system, speed reduction scheme, installation of electronic systems to reduce cylinder lubrication oil consumption, reduced running hour on auxiliary engines, optimising vessel trim and ballast, opti-mised running of boiler by preventing steam losses through inoperative steam traps and good insulation are among just a few of them.

Small steps-substantial savingsTaking small steps such as making fuel savings on auxiliary generators as a result of reduced electrical load through proactive monitoring of tank cleaning operations and deck water supplys, avoidance of pump duplication by having efficient and clean pumping systems, discouraging idle use of deck air compressors and hydraulic aggregates, efficient inerting and gas freeing procedures can be achieved and can result in substantial savings. These steps

coupled with a little effort to switch off the lights prior to leaving the cabins and store rooms will go a long way towards an energy efficient operation.

On a mid-sized chemical tanker, lighting the load is about 30-40 KW, which typically is about 8-10% of the electrical load on the auxiliary engine.

Large effectsEnergy consumption of lighting on board a vessel is equivalent to more than 220 tonnes of CO

2 emission per year per vessel,

adding up to 24,000 tonnes on fleet level. A preliminary survey on a fleet that indicates four types of lighting contribute to over 94% of the overall lighting energy consumption. By replacing these to energy efficient LED lighting, an estimated saving of over 56% of the overall lighting power consumption can be achieved. This is equivalent to a 110

tonnes CO2 reduction per year per vessel,

summing up to 10.000 mt on a fleet level.

The CO2 reductions could be substantially

more if manpower, accessory lighting, spares and replacement of the fluorescent lights are considered. This can be linked to vessel’s SEEMP in conjunction with EEOI (Energy Efficiency Operational Indicator).LED light have a working lifespan which is five times longer than that of the normal fluorescent lamps.

It is the case therefore, that fuel consumption can be reduced by enhancement of effici-encies. We can decrease the environmental impact and at the same time it will be economically beneficial. While the yield of individual measures may be small, the collective effect across the entire fleet will be significant.

Reducing CO2 emission:

— Switch off the lights By Subhanker Dastidar, Senior Technical Superintendent (Singapore)

Surveyor Electrical & Automation, Atle Moberg, in discussion with ships electrician regarding the potential for energy saving and reducing CO2 by switching off cabin lights and store room lights

QHSE odfjell quarterly magazine

Each year 655 investors representing USD 78 trillion in assets, request infor-mation via the Carbon Disclosure Project (CDP) from major companies on how they manage elements that may impact climate change in their business. in 2011, Odfjell was amongst the 3,700 of the world’s largest listed companies resp-onding to the CDP request.

The CDP, which is initiated by investors, is the leading international non-profit orga-nisation focusing on response to climate change, whereby securing the disclosure of climate change related data from major global corporations.

Odfjell reported to the CDP for the first time in May 2011 and the scope was limited to the shipping business and the main office in Bergen. Our CDP score was 65, which is considered to be good since this was our first year with a full report. The maximum score is 100 and the average score for 2010 was 64 for the Nordic companies. This year the scope also includes the terminals in Rotterdam and Houston.

Some of the requested information includes:• Is climate change integrated into the business strategy?• Do we have emission reduction targets?• Have we performed activities to reduce our CO

2 emissions?

• Have we identified any potential climate change related risks and opportunities?

in addition to the above information, we also reported the total CO2 emission with different KPi’s related to:• Bunkers consumed per tonne mile• The revenue• Full time equivalent employees

Emissions improvementsOur reports show CO

2 emissions to be

around 1,710,000 tonnes, which is a decrease of 7.5% from 2010. The majority of the emissions relate to fuel used by the fleet, but we also reported emissions for business travel by plane, including that by seafarers. Environmental considerations related to consumption of electricity, waste management, our travel and use of em-ployees’ cars were also surveyed.

Fuel related emissions from the fleet represent between 96-97% of the total CO

2

emissions in Odfjell. The Energy Efficiency Operational Indicator (EEOI) for our fleet was 17.59 grams of CO

2 per tonne cargo

transported one nautical mile (g/tnm) in 2011. This represents an improvement of 7% compa-red to 2010. The figure for consumption at sea was 14.55 g/tnm, which is also an improvement of 7% compared to the prev-ious year.

The main reasons for the increased energy efficiency are the speed/consumption reduction scheme in combination with better capacity utilisation and improved cargo vol-umes. Advanced weather routing services, intermediate hull cleaning and propeller polishing are also important contributions to less CO

2 emissions.

The score for 2012 will be presented in the autumn and will hopefully show progress from last years figures.

Odfjell participate in Carbon Disclosure Project 2012 By Bjørn Ydse, HSE Manager (Bergen)

Weather routing is one of the actions taken to reduce CO2 emissions

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BRiEFiNgS odfjell quarterly magazine

Since writing the first article on the new terminal, Odfjell Terminals (Charleston) (OTC) which is currently being constructed on the bank of Charleston’s Cooper River, there have been some major changes to report.

The most notable change concerns the dredg-ing, where, with the use of both ‘hydraulic’ and ‘clam shell’ equipment, the area from the dock to the buoyed channel has now been dredged to MLW (mean low water or ‘Chart Datum’) minus two feet. The reason for dredging ‘negative’ of the charted low water depth is that Charleston experiences spring tides that at low water exhibit levels below MLW. Although the ‘clam shell’ dredger did not pick up any hidden treasure it did remove part of the old dock on the Odfjell shoreline. Although this dock had survived the wrath of hurricane Hugo that battered Charleston in 1989, it subsequently collapsed to rest on the bottom of the Cooper River at depths of around 25 feet.

More footprintsOn the engineering front there has been plenty to do working on site drawings, land-scaping and land leveling, site infrastructure and/or ‘P&ID’s (Piping and Instrumentation diagrams) as well as tracking budgets, engag-ing with bodies such as Charleston Water Services, South Carolina Electric and Gas Company, North Charleston Sewer District to mention but a few. The main focus of course, has been with the appointed con-tractors ‘Professional Project Services’ and ‘The Roberts Company’ who jointly won the EPC (Engineering, Procurement and Construction) contract. We sincerely feel that we have the right partners working with us to develop OTC.

We all agree on the sound principals of both trust and respect and share a mutual goal which is to safely deliver a facility on time and on budget with zero personell or environmental incidents.

Chairman of the Board visitsA major highlight for all of us at OTC was when the Chairman Laurence Odfjell, travelled to Charleston to visit the OTC site on 18 April. We had a tour of the facility and discussed mat-ters such as the dock, rail and truck load and unloading spots including the road traffic we will generate with trucks entering and leaving OTC. This last issue we have since taken up with SCDOT (South Carolina Department of Transport). On 19 April we were kindly hosted by ‘Charleston Branch Pilots’ whom made one of their pilot cutters available to take us up river so that we were able to view OTC from the Cooper River. It is on trips such as these that even in the absence of infrastructure, we are able to envisage the orange hull of an Odfjell vessel moored at Odfjell Terminals (Charleston).

Community engagementWe have continued to engage with our neigh-bours at the numerous local communities, ‘North East Park Circle Civic Club’; ‘Olde North Charleston Neighborhood Council’; ‘Palmetto Gardens and Cameron Terrace Oak Park Civic Club’ either via direct meetings and once at a joint multi council meeting that had been arranged by a very active and respected local Councilor. Our dialogue at these meetings has been open in intent and has shown consideration for others as we demonstrate that we are committed to placing safety as the standard bearer for everything we do in North Charleston. We sincerely look forward to providing the next update in September 2012.

We are just at the point of mobilization on site and testimony to that is the portable site offices that are all but hooked up to communication services and power supply ...bring on the bulldozers!

The Chairman Laurence Ward Odfjell, visits the dock at OTC. From left: Mel Pinks OTC Terminal Manager, Bill Bispeck OTC Senior Project Manager, Laurence Ward Odfjell Chairman and Drew Wharton OTC Construction Manager

odfjell terminals charleston:• In the first phase: nine tanks of a total of 79,500 cbm• Maximum 45 tanks with a total capacity of about 150,000 cbm • Phase 1 operational 2Q 2013• 51% ownership share• Easily accessible for sea-going tankers, barges, rail tank cars, road tank trucks, iso-tanks and pipelines• One deep draft ship dock on the Cooper River • Well equipped, safe and efficient inter-modal transfer facilities

Visible signs of change at OTCBy Mel Pinks, Terminal Manager Odfjell Terminals (Charleston)

Hydraulic dredger

QHSE odfjell quarterly magazine

The very first global QHSE managers meet-ing for Odfjell Terminals B.V. took place in Singapore on 8-10 May. The objective was to communicate and clarify Odfjell Terminals QHSE policies and in addi-tion provide a platform for a productive networking session in which to establish good working relationships as well as to exchange knowledge and experiences.

All QHSE managers from the various terminals as well as the regional QHSE manager for Asia and the global QHSE Manager participated. The meeting’s special guest, Sam Dufilho, Special Projects Manager Singapore, informed the participants about the Terminal Training Centre in Dalian (China) and the training manuals and DVD’s available for operators.

The meeting was opened by the Regional Area Manager of Asia, Mr. Chester Lee, who focused heavily on the importance of safety within Odfjell Terminals and emphasized the

importance of these type of meetings for the Odfjell Terminal organisation.

During the following days, presentations were given learning from incidents, incident reporting, management systems, corporate standards and procedures, contingency plans and process safety. Both during and after every presentation the participants were given the opportunity to discuss the informa-tion and relate it towards the situation at their own individual terminal. These discussions probably served as the most valuable parts of the entire meeting and concluded with ‘homework’ being determined for each participant; that being to return home and verify the situation at their own terminal.

Unified QHSE teamAnother important outcome of the meeting was that it resulted in the creation of a ‘uni-fied’ QHSE team instead of the ‘lonely wolf’ position of the QHSE manager. The team had

the opportunity to meet for the first time, get to know each other, learn from each other and provided therefore, a new platform that will now make it easier to contact colleagues at other terminals if they require support or expert advice on any issues.

It is surely an important step forward in the alignment of the terminals in the area of safety and in creating uniformity. In order to reinforce the experience and to continue the positive work of QHSE, it was decided that in addition to making it a yearly meeting, there will be also regular meetings set up via Odfjell’s communicator system.

Finally, I take this opportunity to thank each of the delegates for actively participating and contributing in all the discussions which helped to make it a very successful QHSE session.

first global qHSe managers meeting odfjell terminals B.V. By Pierre Houben, Global QHSE Manager, Odfjell Terminals B.V. (Rotterdam)

From left: Xiaocheng Liu (Jiangyin), Chester Lee (Singapore), Seah Kok Peng (Singapore), Xu Tao (Dalian), Gill Yong-Chan (Korea), Walter van Vliet (Rotterdam), Hussain Ahmad (Oman), John Heil (Houston), Sam Dufilho (Singapore), Pierre Houben (Rotterdam), Mike Beviss (Singapore), Jinhu “Tiger” Zhang (Singapore)

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Toralf Sørenes Position: SVP Corporate QualityExperience: I went to sea after junior high school in 1968, worked my way up the

grades to Master and came ashore in 1990.

– Having a ‘sea’ background is very important because it brings you into contact with many different cultures whilst at the same time you learn the core of the business, to speak and understand the same ‘language’ so to say. On a ship at sea you will also need to make and implement important decisions on your own, which over time will make you a good decision maker. These elements make a very good platform if you want to pursue a carrier ashore.

André LillebøPosition: Ship Operator Experience: In 2003 I started as a trainee in Odfjell. I was promoted to Pumpman in 2006.

– By being involved in everything from engine repairs to cargo operations has given me a good grounding for the future. I have met a lot of good people at sea and learned a lot, from both a technical point of view and on a personal level. I have developed my languages and learned how to cooperate with a variety of people and realised that it is not always ‘plain sailing’. Things take time, and time is money. How to balance this is not easy. By having knowledge of ‘both sides’, I think puts me at an advantage.

Ina TaulePosition: Ship OperatorExperience: I finished nautical school in 1997 and started my career at sea in the same year. I started for

Odfjell in 2001, worked my way up to Chief Officer and came ashore in 2010.

– Having a ‘sea’ background is very important because I understand the work on board, in port and communication between ship and the main office in Bergen. Working at sea brings you in contact with many different people and their culture, helping you to understand them, whilst at the same time you get to learn the core of the business. When the ships are in main ports such as Rotterdam, Houston, Ulsan and Singapore you learn to deal with a very high work load which over time will make you a good decision maker. Since starting in the office in 2010, I am able to see the advantages of having worked at sea particularly when it comes to cargo operation, cargo handling, cleaning and all other operational related duties.

Henning LøsethPosition: Market AnalystExperience: Five years in the fleet. Completed much of a Master degree in Logistics whilst sailing, graduated this before starting at the

headquarters 10 years ago, first as demurrage analyst, then fleet performance analyst and for the recent five years as a market analyst.

– The first-hand experience with everyday life on board, the vessels, ports and cargoes makes it possible to relate to our trade in a whole different way. My background allows me to get to grips with topics discussed, and I can make valuable contributions whereas without my previous knowledge, I would have been clueless. Having experienced both makes it easier to understand what is of importance both for sea- and shore based operations and it allows you to be able to see the logic behind priorities made by people on ‘the other side’.

Our employees are by far our most important resource, and seagoing competence among our shore based employees is a key factor for our future success.

Over the past 10 years, more than 50 of our seagoing colleagues have chosen to pursue a shore based career. They are today represented in positions ranging from brokers via superintendents to supercargoes and port captains. There are ex-seafarers at every level in our organisation and in almost every department. The mix of practical experience and more academic skills blended with a strong cultural heritage has proved to be a competitive advantage for us.

Odfjell is therefore in the process of implementing a project by which younger Norwegian seagoing col-leagues are invited to participate in a competency development project aimed at preparing them for a poten-tial future shore based career.

This project will contribute to a smoother transition between ship and shore. The participants who qualify will be offered an individually adjusted training/education pro-gramme which will be carried out during (parts of) their vacation peri-ods. This will include presentations and seminars, practical training in the office as well as e-learning courses.

The project will be developed and executed in close cooperation between Odfjell’s HR Department, our Marine Personnel Department, Ship Management and Odfjell Tankers.

We are so far focusing on Norwegian seafarers due to practical reasons. Expansion to other geographical regions will be considered.

From ship to shoreBy Harald Fotland, SVP Corporate Services and Support (Bergen)

careers on shore By Margrethe Gudbrandsen, Communication Manager (Bergen)

We have asked four employees with seagoing experience but now following different careers ashore, the following questions: How has your sea based background contributed to a shore based career within Odfjell and what is the advantage of having both sea and shore based experience?

odfjell nangang terminals (tianjin) in progress By Thomas Tao, Project Director, Odfjell Nangang Terminals (Tianjin)

With our experience in shipping and ter-minal operations, Odfjell is very focused on waterfront capacity and flexibility. To ensure a fast turnaround for ships (and terminals), the importance of adequate and deep water marine facilities is para-mount. The main benefit of improving waterfront capacity is to the customer.

OTK # 2 jettyWith the objective to optimise Odfjell Terminals (Korea)’s (OTK) flexibility and operational efficiency, the ownership of the ‘Yuhwa # 2 jetty’ has been transferred from KPIC to OTK and is now being renamed the

‘OTK # 2 jetty’. This acquisition, once fully integrated in the terminal’s infrastructure, will substantially expand OTK’s waterfront capacity.

Furthermore, to improve flexibility for ves-sels drawing deep drafts, we are pleased to announce that the draft alongside OTK # 1 and KPIC jetties will be improved as follows:

• Allowed draft at the OTK #1 jetty (south berth) will be deepened from 10.3 metres to 11.5 metres.

• Allowed draft at the KPIC jetty (north berth) will be deepened from 12.5 metres to 13.3 metres.

• Dredging of the approaching waterway will provide 14 metres water depth.

The improved draft alongside the OTK waterfront, will enable the terminal to handle more ships with deep draft require-ments including Odfjell Tankers’ new 75,000 DWT in a fully laden condition.

improving waterfront capacity at Odfjell Terminals (Korea)By Han-Kyu Lee, CEO, Odfjell Terminals (Korea)

Improving the water capacity at OTK

We have come a long way since the end of 2009 and have finally landed Odfjell at Tianjin Dagang Port along the Bohai Bay in North China. Having signed the final joint venture contract with Tianjin Nangang industrial Zone Port Co. Ltd and also recently been awarded several contracts for jetty civil work construction and tank-farm land preparation, the construction of Odfjell Nangang Terminals (Tianjin) (ONTT) is finally underway. The initial phase of the project is to build about 150,000 cbm tanks and three marine docks as a state of the art terminal including high Quality, Health, Safety and Environmental standards.

Over the past 15 months, a group of dedi-cated Odfjell personnel have worked with the Chinese partners to realise a vision for a state of the art, green field terminal in the Nangang Industrial Zone. Having initially started with only a few people assigned from both shareholders and a temporary office located in a small hotel room, ONTT has now developed into a team of 20 people.

interesting tasks and challengesAs we entered into the Year of the Dragon, the final joint venture agreement was signed and

a new era began, characterised by consistent hard work and long hours. The ONTT team has risen up to all the challenges. The unique-ness of ONTT is the concept of an industrial terminal project, which ONTT is; to serve the on-site manufacturing customers that are presently constructing their greenfield manufacturing plants within the Nangang Industrial Park. The schedule alignment of our greenfield project along with several industrial customers’ projects, creates many interesting tasks and challenges.

Sketches, approvals and permitsWe have witnessed project engineers doing several rounds of sketches of docks, marine loading arms, tanks, pipes, truck loading sta-tions, buildings and waste water treatment in order to optimise the engineering designs and utilisation of the land area. Business develop-ment people had meeting after meeting with authorities and government officials to secure approvals and permits. Commercial execu-tives studied the potential market and client requirement to align customer demands with the terminal development plan.

Starting with the ONTT jetty constructionThe efficient construction workers have

demonstrated their speed at ONTT jetty construction site. Since the start of the jetty civil construction on 1 March, we can already see signs of progress at the three docks that are being built. The vacuum compaction technology is also applied to expedite the sediment of the newly reclaimed land from the sea to allow the construction of tanks. With all the various activities on-site, we want to reassure everyone that the health, and the safety environment are paramount to everyone at the construction site. Compared with the fast development of the Nangang Industrial Zone, Google Earth is slow in comparison! The 18.45 ha land is ‘now’ still in the sea on the Google map if you input the coordinate of latitude: 38°45’21.63”N, longitude: 117°37’32.01”E. However, the site pictures will prove that ‘seeing is believing’.

With even more exciting times ahead, we are looking forward to sharing our regular updates on the progress of the project with Odfjell Quarterly and its readers. Watch this space!

Starting with the jetty construction

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The introduction of the Training On Board (TOB) project means that 1.2 million seafarers worldwide will be

offered an easily accessible, free of charge, motivational training programme allowing them to take charge of their own health. TOB is an international training, nutritional and health project supervised by the Norwegian Maritime Authority in Haugesund. Bow Faith is the pilot vessel.

The project started its initial planning in 2011 and is being fully sponsored by ITF Seafarers Trust. The focal point is to enable seafarers to exercise on board with simple equipment or just without any equipment at all. For a beginner, participation in TOB will mean a tremendous difference in their fitness regime. In 2011, almost 500 Norwegian seafarers lost their health certificates, which are considered to be a relatively stable yearly figure. Loss of these licenses could in many cases have been prevented if they had participated in TOB.

TOB is a free of charge facility aiming to increase training on board by 20% and in the long term to see a permanent reduction in the number of loss of licenses (health certificates).What is TOB

TOB is a project where seafarers will be able to use technology applications (apps)(smart phones) and social media (Facebook, Twitter) to write training diaries, and compete with ‘friends’ from other ships and nations. The ISS (International Sports Committee) will present two awards throughout the year for ‘Sports Seafarer of the year’ and ‘Sports Ship of the year’.

When a seafarer logs onto the programme he/she will be met by a fitness calculator. The aim will be to fill in your VO2 max (ability to transform oxygen) and then a fitness age will appear. If you are 40 years old and the test stipulates your fitness age to be 50 years – start training!!!!

Both conditioning and weight-training are included in the programme. The training focuses less on miles, seconds and kilos, and more on length and intensity of train-ing. Credits are scored after a predefined scale. Entry level for beginners is low but the programme will include challenges for advanced level users with high intensity.

Professional assistance The Norwegian Maritime Authority has received a lot of professional assistance in this project. The evidence based fitness calculator has been developed by St. Olav Hospital in

partnership with SINTEF in Trondheim. The training programme has been designed and put together by physiotherapist Mona Woll Håland. The homepage functionality has been developed by Infogym AS in Haugesund.

TOB on Bow Faith Less than a year after the start of project, Bow Faith is in the process of testing the pro-gramme. The week before Easter Marit-Beate Simonsen and myself went to Rotterdam to meet the crew. We met an enthusiastic crew that was well prepared by the Company. This ship was selected in cooperation with Bjørn-Åge Veivåg and Marit-Beate Simonsen at the office in Bergen, because in many ways it represents an international crew with a combination of Filipinos and Norwegians. In addition, with 6-7 cadets with great eagerness for training and testing of technology we have what the project needs.

The International Committee for Seafarers Welfare (ICSW) and International Sports Committee (ISS) are the owners of the project.Testing on board the pilot ship Bow Faith will continue over the next few months. In June the project will be introduced on Facebook and if all goes to plan, a global release of TOB will take place in August/September.

The crew and officers on board Bow Faith are eager participants in the Training On Board project

Time charter inspection regime The time charter inspection regime is our way to make sure that our own customers´ expectations with regards to quality and safety is met on all chartered vessels in the same way as they are on our own managed vessels.

Our goal is to visit each ship at least once a year for an inspection during tank cleaning operations at sea. This means we are using substantially more resources on these inspec-tions today as compared to previous years.

Unified inspection standardsAll our inspectors have experience as senior officers on chemical tankers. However, in order to keep up with changes and developments with regards to rules and

regulations, new requirements, inspection techniques etc., we realise the need for all of us to get back to the classroom on a regular basis. These class sessions or seminars are also used to ‘synchronise’ our inspectors so that any non-conformity or observations we find are addressed in the same manner during our inspections, regardless of inspector. This is a goal that may not be 100% achievable, but is still a goal we are working towards. An important part of the seminar therefore is discussions based on real cases where we exchange ideas, concerns and solutions.

The Port Captain sessionAn important part of the seminar was the Port Captain session which is a good opportunity for them to meet and share

their experiences. This year we had arranged presentations aimed directly at the role of the Port Captain. We focused on practical legal issues regarding port operations, tank cleaning issues and some feedback from the Terminal Operator’s view.

As this year’s seminar was held in Singapore, we had good access to both external as well as internal resources. We are very grateful to Nordisk Skibsrederforening, Det Norske Veritas and Oiltanking Odfjell for contribut-ing with first class expertise in our presenta-tions. Thanks also go to our internal speakers who shared their knowledge with us in an excellent way.

Odfjell is the manager of about 50 vessels that operate in both global and regional trades and all of which differ in age, size, type and complexity. On average we dry dock about 20 of these vessels per year in various locations around the world. The complexity of these vessels means that there are inherent risks related to the handling of ships and heavy ship equip-ment in the dry docking process. The safety and environmental issues related to this process - the HSSE factor, is essential.

Due to the intensity and the large number of different tasks that are executed within a short period of time, dry docking is the single most critical activity outside the normal opera-tions of our vessels. As a result, dry docking is guided by our HSE policies, Code of Conduct and Corporate Social Responsibility (CSR) policy. These are important elements there-fore, of the pre-qualification of shipyards.

Each dry docking process is a complex project and requires extensive personnel and man-agement resources and represents a major

annual cost. It is imperative therefore that we are able to manage these activities and at the same time maintain safety, secure value for the money, maintain high quality and to minimise off-hire.

Many factors influence the resultThe current process has been assessed during workshops, evaluations of selected dry docking projects in various phases and during shipyard visits. As a result we have modified the process model and broken it down further into 14 key elements/stages and seven supporting processes. Due to the complexity, cost and technical importance of each dry docking process, there are many fac-tors that influence the final result. To simplify the observations found to date we are about to outline the importance of the ‘human factor’, the level of planning and preparation, the shipyards’ performance and transparency/documentation.

New positionIn order to allow for a continuous improve-ment process, a new position has been

created and a new Technicial Controller in Ship Management’s staff (i.e the Planning & Control section) has been put in place. A solid base of experience in this new position is key for future support to the fleets and long term improvements of the dry docking

imProVed dry docKing ProceSS By Bjarte Wetteland, Manager Planning and Control (Bergen) and Jan M. Hestdal, Senior Technical Controller (Bergen)

Time charter inspection and Port Captain seminarBy Dag Eidsvåg, Manager Business Administration (Bergen)

Including the Port Captains in these seminars is an excellent way to exchange ideas, concerns and solutions

With our time charter inspection high on the agenda, all our Port Captains and other key operational personnel were gathered to a two day seminar in Singapore in April.

Bow Mekka dry docking in Asry 2010

training on Board project By Torbjørn Husebø, Assistant Director Norwegian Maritime Authority

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o d fj e l l q u a r t e r ly m a g a z i n ew w w . o d fj e l l . c o mW W W . O D FJ E L L . C O M


As reported in the ‘Mobility Task group’ article, published in the December issue of ‘Quarterly’, the iCT Steering Committee approved a project that would look into the potential of using mobile tablet devices such as Apple’s iPad, on a day to day basis for our members of staff. Following a trial period with participation from senior management, tankers and terminal staff, the feedback has been overwhelmingly positive and all the participants gave an resounding ‘yes’ when asked: Would you recommend the use of tablets/iPad as a business tool for Odfjell?

During the corporate ICT steering committee meeting in April, it was therefore decided that Odfjell will support iPad as a valid business tool. The committee made it clear that this would not result in all staff suddenly being provided with iPad’s, moreover that the target groups below had proven through the pilot trial that they had indeed achieved a real benefit in business use:• High volume email users

• Staff with frequent business travel• Managers who have to approve items in

workflow from SAP HR

It was agreed that the authorisation of buying iPads will be done on a worldwide basis at the discretion of SVP/VP’s and ICT will purchase and invoice to the different business units accordingly.

The standard iPad issued will be the third generation iPad 16GB WiFi with a protective case but without a keyboard and it will not have a ‘3G connection’ meaning that the iPad will be dependent on a wireless network for its internet connection. There is obviously a cost aspect to this decision, but the pilot trial has shown that not having a 3G connection is only minor drawback as you can still connect to the internet using your mobile phone as the entry point to web access. Initially the iPad will be set up by global ICT support with email, calendar and contacts. Business application access will initially be through our Citrix, with mobilisation and improvement

of Citrix applications being reviewed on a priority basis.

SecurityIn our ‘cyber society’ it is important to continue to use common sense when dealing with technology, whether it is when posting your personal updates on Facebook at home, when surfing on a wireless network without knowing it is secure, when travelling, or knowing what to do if your iPad is lost. The most powerful means of security for any device holding Odfjell data, such as your telephone or iPad, is your aware-ness as a user in keeping company data safe.

If you lose your iPad or your telephone, please make sure that you let ICT know immediately. ICT will then proceed to wipe (clear) your device. This means that although the device may remain unfound, at least it will not contain any Odfjell email or contact data of any kind and therefore not allow company data to fall into the wrong hands. For more information and user guides on how to use the iPad, please consult the ICT pages on Insite.

mobility task group follow up:

iPad @ Odfjell By Gunvor Senosiáin, Project Manager (Bergen)

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The steel cutting of hull 2018 means that after nearly 30 years, Odfjell is back once again at the Daewoo Shipyard, or Daewoo Shipbuilding and Marine Engineering Co., Ltd (DSME) as it is known today.

Hull 2018 is the first of two 75,000 DWT IMO type II chemical tankers being built for Odfjell and NCC and will make them the largest chemical tankers in the world. According to the building schedule, the first vessel will be delivered to Odfjell in April 2013 and the second vessel to NCC in August 2013.

Bow PioneerBow Pioneer was the very first vessel to be built at the shipyard in 1982. At this time I was Chief Officer and part of the crew who was charged with taking out Bow Pioneer from Daewoo. Bow Pioneer was the first vessel of a series of four including Austanger (Bow Arar), Grenanger (Bow Asir) and Bow Hunter, built for respectively Odfjell and Westfal-Larsen.

Bow Hunter becomes a museumLast year, DSME became the proud owner once again of Bow Hunter. Their plans for their much loved vessel is that she is currently being rebuilt to enable her to be transformed into a museum. Their aim for this transformation is that Bow Hunter will be

able to showcase the history of Daewoo’s ship and offshore building, which is impressive compared to other shipyards in Europe at the time.

Community expansionDSME is located in Okpo on Geoje Island outside Busan. Back in 1982 Okpo was rela-tively unknown, but over the years, it has been growing and thanks to DSME it is now firmly on the map. Today Okpo is home to a population of approximately 240,000 with a big group of foreigners from the various site teams, and DSME, who has become a giant

within ship building and offshore engineering. In 2011 DSME delivered 64 units, including ship and oil installations and the turnover was USD 13 billion.

The site office is located just outside the shipyard in a ten storey office building, where most of the Owners’ site teams and the class societies, have their offices. Currently, Odfjell has two people working at these offices enjoy-ing a pleasant view over the DSME shipyard and Okpo city. Our site team will gradually expand to approximately nine staff members when the project starts moving forward.

Back on Daewoo Shipyard after nearly 30 years By Thorbjørn Haugsand, Site Manager, Odfjell Site office DSME (Korea)

A part of the steel cutting ceremony was the traditional joint rice cake cutting. From left; DNV Senior Surveyor Jurica Basic, Site Team Coordinator/Secretary Seol-Hui Kang, Site Manager Thorbjørn M. Haugsand, Vice President Project and Newbuilding Geir Almestad and Director for Indoor Production at DSME Mr. Cheon-Bog Lee

M/T Bow Hunter undergoing her transformation into her new life as a museum. Here in a blue colour; that might be some left-over paint from a Maersk project

The view from the site office windows

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SEA AND SHORE odfjell quarterly magazine

Anup Chatterjee,Ship Broker Odfjell HoustonMoved from Odfjell India to Odfjell Houston for a period of five years with his family; spouse and two boys of 14 and 8 years age.

1) For me there were not many challenges as I moved from one dynamic city to another.

2) Experiencing a different culture, tradition, systems and way of living and not to forget; the cuisine.

3) There are major cultural differences between the US and India. We did experi-ence these to some extent but they were not a major issue. As long as you look at the positive aspects of your host country and see the new cultural experiences and opportunities it can provide, then the move will be a success.

4) YES!

Fredrik Sandrud,Senior Ship Operator DubaiMoved from Bergen, Norway to Dubai for four years with his wife and baby who was born in Dubai.

1) Not having the family and friends around, the Norwegian food and the fact that my wife does not have work here. In a way, a part of your life is put on hold for a while.

2) It is a great way to experience different cultures and to be part of the start up of Odfjell’s new joint venture.

3) Yes, in some ways the religious aspect and how to treat other people with such different cultural backgrounds.

4) Yes. It is a great experience both work wise and also on a personal level. I would how-ever recommend to people considering moving abroad to seriously think about how they will deal with being away from everything they know so well like family and friends.

Hans Vermeulen,Chief Marketing Officer OTKMoved from Odfjell Terminals BV (Rotterdam) to Odfjell Terminals (Korea) for a period of three years. His family; spouse and kids joined him in Korea after seven months.

1) The most challenging thing is leaving behind everything that is familiar to you; your working life and living environment, your family and friends and although it is easy to stay in contact via Facebook and Skype you are still 10,000 km apart.

2) Experiencing a new culture, meeting new people with different customs and

traditions. In the expat community you are able to meet and become friends with people from all over the world. Professionally; a new challenge, developing new skills and in my case being in a new position experiencing a different aspect of the Company enhancing my understand-ing of the Company as a whole.

3) Yes definitely there are huge cultural differences when moving from a Western to an Asian culture, with such a different background and history. The best way to learn is to be flexible and open minded, accept the culture as it is without judging, because things will be different from what you are used to.

4) Yes. It will enhance your understanding and allow you to grow in your job, but only if you have the full support of your family. You should not forget that you are not the only one moving.

Moving around By Margrethe Gudbrandsen, Communication Manager (Bergen)

Moving around within the global Odfjell network is quite common practice and a necessary part of the business. Transferring experience internally from different business segments but also to new office locations and terminals is important for continous success. Many employees see this as an excellent opportunity to enhance their career at Odfjell, but also an opportunity to experience new cultures. Quarterly has spoken to three of our employees to see what it’s like to experience an internal transfer within the Odfjell network.

The questions:1) What is the most challenging thing about moving abroad?2) What is the best thing about moving abroad?3) Did you experience any particular cultural differences? And if so, how did you deal with these?4)Would you recommend other Odfjell employees to take on such a challenge if they get the opportunity?

in the last issue of Quarterly i presented the background for the ongoing stowage tool project in Odfjell Tankers. The develop-ment is still going according to plan, and we estimate that the development phase of the project will be finalised in August. From August until implementation in early 2013, we will focus on system testing. We want to ensure that we release a system that fulfills our expectations.

Vision statementOne of the first things that were done in this project was to decide on a vision statement. This statement functions as a directional guideline for the project, and by committing to the vision we avoid changes that might look like a good idea, but should not be part of the system. This can occur in most projects, and is referred to as ‘scope creep’.

The stowage system shall assist Odfjell Tankers in obtaining the highest possible

vessel utilisation, and ensure a high quality of stowage.

It shall be a flexible user-friendly system that adapts to organisational changes.

The system shall enhance proper commu-nication and contribute to better collabora-tion in regards to stowage related issues. It shall be flexible in regards to both existing and upcoming limitations and opportuni-

ties that will influence the stowage of vessels.

The stowage system shall assist the users to further develop their skills and knowledge of

vessel stowage.

So what does this vision statement actually say? The first sentence says that the system shall assist in obtaining high vessel utilisation. There is seldom ‘one’ optimal stowage, as there are a lot of variables that have to be considered. Changes to cargoes and rotations can come at any time, and a stowage system must therefore be adaptable. The stowage tool is designed to make it easy to test different stowage solutions.

The second part is that the systems shall ensure a high quality of stowage. The system shall only allow safe stowages that are within international and national regulatory limita-tions. We are carrying a great range of differ-ent products on our keels. Incompatibility, temperature, and coating restrictions are just a few of the items that the system needs to consider. The system therefore ensures a high quality of vessel-stowage.

The last part of the vision statement focuses on ‘user-friendliness’. This does not mean that it will not contain complex elements, as stowage of parcel tankers is a complex issue. What it does mean is that the system shall be easy to understand for its users. Currently we are aligned with our vision, and I am confident that this will continue to be true throughout the project.

Stowage project right on trackBy Leif Gunnar Alvær, Manager Projects and Training (Bergen)

A few screenshots from the ongoing stowage project. Note

that elements can change during the development process


expatriate in odfjellOdfjell strives to maintain a high degree of international experience and compe-tence within the organisation. In order to do this, Odfjell offers several international assignments in host companies within the Group for several reasons; need of management capacity, need of expertise, as a part of an employees career plan, training and development of employees or a need for transfer of competence and so forth. An international assign-ment refers to personnel working for a subsidiary, branch office or joint venture company outside of their home country. Currently Odfjell Tankers has 24 and Odfjell Terminals has 12 international assignments.

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distinguished visit to odfjell HoustonBy Jakob Sørhus, VP Odfjell Houston

OTgP visits OTHMembers of the Odfjell Terminals General Partners Supervisory Board (OTGP) and Odfjell Terminals Man-agement visited Odfjell Terminals (Houston) (OTH) on 17 April. From left: Krishna Agrawal, Laurence W. Odfjell, Michael Dees, Geert Eijsink, Lance Hirt, Egil Bodd, Atle Knutsen, Koos Frowein, Per Olav Monseth, Dave Ellis and Terje Iversen.

‘The key to maximising the potential of multicultural teams in a company is cul-tural awareness’. This was the principal message of H.E. Knut Solem, the Norwegian Ambassador to the Philippines, in his round-table discussion with the depart-ment heads of Odfjell in the Philippines (OiP) during the Leadership Development Programme on 12 March.

Mr. Solem talked about the cultural differ-ences between Norway and the Philippines as well as the implications of such diversi-ties on internal corporate relations and communication.

Despite the stark distinction between these two cultures, the ambassador explained that this should not hamper growth and develop-ment. Mr. Solem said : – To thrive in the sea of

personal and cultural differences in a global organisation, leaders must build cross cultural synergy through cultural knowledge.

He added that adapting and adjusting to differences does not require one to choose one culture over the other: – Think globally but act locally. Have a positive approach to where you are, he said.

PH-NO strong cooperation breaks the cultural divideThe long-standing bilateral maritime coop-eration between Norway and the Philippines is a prime example of cross cultural synergy according to Mr. Solem.

With approximately 25,000 Filipino seafarers on board Norwegian vessels today, it is evident that the Philippines have become a valuable

partner in Norway’s maritime sector. The Norwegian involvement in the maritime industry in the Philippines does not rest on employment of seafarers alone. Norway has also been significantly involved in raising the quality of education and training of seafarers in the Philippines.

Odfjell in the Philippines would like to thank Mr. Knut Solem for his valuable contribution to the Leadership Development Programme.

To promote Odfjell’s Healthy Living Project among allottees and vacationing crew, Odfjell in the Philippines (OiP) organised a Fun Climb to Mt. Batulao, Batangas on 21 April in which 22 staff, crew, allottees and cadets took part. In the early hours of the morning, the OiP climbers travelled to Batangas to reach the peak of Mt. Batulao. Although this is the second time OiP has organised a trek in this mountaineering destination, this most recent climb was an entirely new experience for the staff because it was the first time crew, allottees, and cadets had taken part. Although it was a tiring day, it was an extremely happy occasion full of enjoyment and great fulfillment having reached the 10 peaks of Mt. Batulao, passing numerous ‘unusual’ places, cliffs and other extraor-dinary sights! – I’m pleased that I joined the team to the top of the mountain, said cadet Kaven Lobaton, about his first Odfjell Healthy Living Fun Climb experience.

OiP staff and acting tail marshal Chester John Hilario said that everyone had fun and realised the importance of teamwork during the climb: – We climbed the mountain as a team and we descended it as a team. I think it was teamwork that made it more enjoyable for everyone.

From sedentary to healthy livingThe climb reminded the participants that a healthly lifestyle should be a priority on board and onshore.

– This climb has made me realise the impor-tance of exercise and physical activities. I was able to make it to the ninth peak, but descending the mountain proved to be dif-ficult because I lacked the physical stamina and endurance. This experience has definitely opened my eyes to living a healthier lifestyle. It made me want to hit the gym again! said Eleovani Siguenza. OiP would like to thank all the participants for joining the Odfjell Healthy Living Fun Climb.

Walking to the top!

odfjell’s ‘Healthy living’- fun climb By Jennifer Franco, Information Officer (Manila)

Reaching the summit of MT Batulao

Philippines and norway: Bilateral relations at oiPNorwegian Ambassador talks about Norwegian cultureBy Jennifer Franco, Information Officer (Manila)

Norwegian Ambassador to the Phillippines Knut Solem

On 6 March, Odfjell Houston took plea-sure in welcoming Norway’s Deputy Minister of Trade and industry, Rikke Lind, Director general Maritime Dept. ida Skard and Advisor Magnus Bjerke, together with Consul general of Norway, Jostein Mykletun, Ph.D and his local staff, for a full presen-tation of Odfjell’s global Terminal & Shipping activities including our significant presence in USA.

Regrettably, we did not have the pres-ence of an Odfjell vessel alongside Odfjell Terminals (Houston) (OTH) to show the pride of the fleet, but a tour of OTH set an impressive backdrop for their visit. In appreciation of their visit we presented the guests with Odfjell’s prestigious history book.

The delegation in front of Odfjell Terminals (Houston)

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About 70 photos were submitted to the photo competition this year. The large number of participants and high quality of entries gave the judges a tough decision to make. it was a close race, but the winning photo was of Bow Firda, taken by Christian Dahl, and provides the front cover of this edition of Quarterly. A selection of other entries is shown on these two pages. The best of the entries may be used as front covers of Quarterly in the editions to come. We will also use many of the entries in different Odfjell publications in the time to come. We would like to thank everyone who took part in the competition and look forward to receiving more pictures in the future.

Docking at OTH. Photo by Felicidario Aceveda

Bow Bracaria in Ceuta, Spain. Photo by Rhannel Alaba

Antwerp by night. Photo by Ian Hågensen

Bow Sky in the English Channel. Photo by Anders Penna

Bow Sky passing the Gatun Locks in the Panama Channel. Photo by Almanh Hernal

Free riders. Photo by Almanh Hernal

Bow Fagus. Photo by Archie Z. Gaddi

The best Odfjell shots!Barge dock 1 at sunrise at Odfjell Terminals (Charleston). Photo by Mel Pinks

Emergency training at Odfjell Terminals (Korea). Photo by Sang-Ki Lee

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CUSTOMER odfjell quarterly magazine PERSONNEL odfjell quarterly magazine

47 Odfjell scholars graduate from Maritime University By Odfjell Cadetship Programme - Bacolod

At a dinner and awards ceremony on 12 March, Odfjell paid tribute to seven loyal and dedicated Filipino seafarers who have rendered 25 years of service to the Company. Friends and family, as well as Odfjell dignitaries and shore based staff from Fleet Asia, took part in the long service awards for the committed Filipino mariners.

Awardees include Pumpman William Ambrosio, Electrician Fortunato Averion, Pumpman Roberto Bonzon, Jr., Bosun Noli Caracas, Captain Edmundo Labarda, 2nd Mate Valeriano Solera and Chief Mate Joseph Tienzo. Owner’s Representative of Odfjell in the Philippines, Tore Henriksen and Manager of Overseas Office/Vice President of Fleet Management, Tor Johansen presented the plaques and tokens of recognition to the pioneers.

Pioneers’ heroes introducedOdfjell also honoured the wives of the awardees with flowers and recognition on stage for being instrumental to the suc-cess of the pioneers: Mary Ann Ambrosio, Remedios Averion, Neniza Bonzon, Obdulia Caracas, Nerissa Labarda, Fe Solera and Meridian Tienzo. –While we honour the gentlemen who undoubtedly weathered the challenges of the sea, we should also

not forget to recognise the ‘unsung’ heroes behind their success, the wives, their true ‘anchor’ who keeps them steady during rough seas, said Agnes Enesio to the wives of the awarded mariners.

Pioneers speakCaptain Edmundo Labarda delivered an acceptance speech on behalf of the awardees wherein he underlined some factors that have kept him and all the other pioneers loyal to

Odfjell throughout all these years. According to Captain Edmundo Labarda, it is Odfjell’s caring culture and adherence to safety that are the major reasons keeping seafarers loyal to the Company: – Odfjell’s care and focus on safety have kept us going all these years. It’s good to know that we are working in a safe environment and that the Company values not only us, the seafarers, but our families, as well. Odfjell makes sure that our families also feel our caring culture, he said.

Seven Odfjell pioneers honoured By Jennifer Franco, Information Officer (Manila)

Our very own Bow Sky has been starring in a video commercial this spring for one of our major customers, SK Lubricants. The commercial was shot while discharging in Rotterdam.

It was a rather large video production with a professional film crew and the Director was said to be a very famous Korean film maker. Part of the production had been done in Korea and Russia and our ‘role’ was transportation and storage in Europe. When sailing on chemical tankers, you are really not used to this kind of publicity but I saw this as a golden opportunity to present our fine ship to an important customer.

At the setWhile discharging the cargo in Rotterdam

at the Koole Pernis terminal, the entire film crew came on board together with the JiWon Park, the Managing director of SK Lubricants Europe and the Management of Koole Pernis Terminal. The film crew had spent three to four hours at the terminal using our ship as the background shot before continuing to film whilst on board the vessel. The Director presented their plans and after a safety briefing they started taking their equipment on board. Cameras, rails, booms and all the equipment that you would expect to see at a ‘Hollywood shoot’, was lifted on board so that the preparations could begin. As the film got ready to shoot, we gave the Managing Director of SK Lubricants and the Koole Pernis Management a complete tour on our ‘fine lady’. We could see that they were very impressed with the vessel and the high

standard of care we can offer their products. We also learned that Yubase (which was the product we were discharging) is not only a ‘lube oil’, but a base oil that is used in all number of different products ranging from lubrication oil for our cars to ‘Johnson Baby oil’ and moisturising cream for dry skin.

The film crew and the two actors first spent a couple of hours on the Compass deck (or ‘Monkey Island’ which most seamen would call it) and then a couple of hours on the main deck. Later in the afternoon, SK and Koole Pernis representatives came on board to express their gratitude for allowing them to film this production on board Bow Sky. And, according to SK, the result was even better than expected.

LyondellBasel visits Bow StarBy Petter Massoe, Commercial Manager, Odfjell Houston

in April, Bow Star under the command of Captain K. Hevrøy, arrived at Vopak, Deer Park in Houston ready for the first ship-ment of Propylene Oxide under a newly established agreement with LyondellBasel.

Representatives from LyondellBasell were present at the vessel’s arrival to carry out a tank inspection and to begin discussions relating to safety and handling procedures.

The representatives had a tour of the vessel including the bridge and deck, a brief tour of the vessel’s laboratory as well as a review of all product handling and safety procedures. Captain Hevrøy is no stranger to carrying Propylene Oxide and hence the conversations were specific, candid and on target. We thank the Captain and his crew for giving us the opportunity to visit their ship and also give thanks to the LyondellBasell representatives for taking time out of their busy schedules to visit the vessel.

Bow Sky starring in SK lubricants commercialBy Anders Penna, Captain Bow Sky

There was quite a lot of ‘cut, cut’… and ‘action’... before the Director was satisfied with their takes. But, after a while, when the film crew had been cleared through ship entrance security and safety briefing, the Korean director put a big smile on his face and everybody was happy

The attending representatives from LyondellBasel were Fiona Nicholl, Kasey Scott, Roger Heckman and Christopher O’Toole. From Odfjell Houston office attended Brandon Calhoun, Roy Johnsen, Petter Maasoe and Mathew Russell

Competence Manager Per

Morten Sakshaug and project Manager

Captain Remigio Zamora award

Eugene S. Vasig

24 Odfjell Deck Cadets and 23 Odfjell Engine Cadets have graduated from John B. Lacson Colleges Foundation Bacolod 28 March. Congratulations to all the gradu-ates! We are looking forward to having you on board.

The seven awardees with their wives

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PERSONNEL odfjell quarterly magazine

RELOCATiONSFrom Singapore to Tianjin

Tao, Thomas Wei Qiang Project Director 01.02.12

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Samset, Einar Manager Rules and Regulations 23.04.12

Lillevik, Christian Senior Claims Handler 01.05.12

Vartdal, Henriette Coordinator Competence Development01.05.12

Hakvåg, Jarl Kåreson Demurrage Analyst 12.03.12

Galera, Rosemeire Accounting Analyst Pl. 19.03.12

Kvam, Andreas Lian Business Controller 20.02.12

Van Dorst, Ferdinand Johannus Man Coordinator 01.03.12

Pee, Dirk Adrianus Jacobus de Engineering Manager 01.04.12

Basilio Magri, Hudson Accounting Auxiliary 18.04.12

Esteban, Franco Port Operator 01.05.12

Korpershoek, Jan Andries Mark. Analysis and Project Supp. Manager 01.02.12

Nieuwpoort, Marco Analyst 01.04.12

Wu, Lisa Accountant 30.01.12

Loveriks, MarvinC2-operator 01.03.12

Schiedon, Peter Instructor 01.05.12

Meertens, Jeroen D-operator 01.05.12

Van Belle, Marinus Adrianus D-operator 01.03.12

Villamor, Wilen Crewing Assistant 14.03.12

ROTTERDAM

Cagampang, Raymond Accountant 23.04.12

Dumangas, Mario HSE Instructor 16.04.12

BERgEN SHANgHAi

NEW HiRES

MANiLA FLUMAR

iN SERViCE FOR ODFJELLODFJELL TERMINALS (ROTTERDAM)

Brush, Lloyd Gerry Kenneth B-operator 01.04.87

Versaevel, Johannis Alphonsus Engineer 01.04.87

Bulk-van den Berg, Anita Klazina, Analyst 01.06.87

Bettonvil, Johannes Emiel Assistant Sales and Marketing 01.06.87

ODFJELL BERGEN

Sørenes, Toralf SVP QHSE 01.05.87

ODFJELL TERMINALS (ROTTERDAM)

Keemink, Willem B-operator 01.04.77

Schipper, Jan B-operator 01.04.77

Kok, Hendrikus Rutgerus B-operator 01.05.77

Kok, Robertus Felix HRM advisor 01.06.77

DuBAI

Nilsen, Erik President NCC Odfjell Chemical Tankers 13.06.77

25 YEARS

35 YEARS

Manz, Billie HR Coordinator 01.03.12

Peck See, Tang Human Resources Manager 09.04.12

Heng Siew Lee, Sandy Senior Accountant 19.03.12

Gimenes, Ronaldo Commercial Analyst 13.02.12

HOUSTON

SiNgAPORE

SAO PAULO

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FLEET & TERMiNALS odfjell quarterly magazine

OWNED YEAR STAiNLESS NUMBERSHiPS BUiLT DWT CBM STEEL, CBM OF TANKS Bow Lind 2011 46 047 48 703 - 29 Bow Elm 2011 46 098 48 703 - 29 Flumar Brasil 2010 51 188 55 452 - 14 Bow Saga¹ 2007 40 085 52 126 52 126 40 Bow Sirius¹ 2006 49 539 52 155 52 155 40 Bow Sea 2006 49 511 52 107 52 107 40 Flumar Maceio 2006 19 975 21 713 21 713 22 Bow Summer 2005 49 592 52 128 52 128 40 Bow Spring ¹ 2004 39 942 52 127 52 127 40 Bow Star 2004 39 832 52 127 52 127 40 Bow Sun 2003 39 842 52 127 52 127 40 Bow Firda 2003 37 427 40 645 40 645 47 Bow Chain 2002 37 518 40 621 40 621 47 Bow Andes 2000 16 020 17 120 17 120 22 Bow Fortune 1999 37 395 40 619 40 619 47 Bow Master 1999 6 046 7 018 7 018 14 Bow Mate 1999 6 001 7 004 7 004 14 Bow Pilot 1999 6 008 7 005 7 005 14 Bow Sailor 1999 6 008 7 011 7 011 14 Bow Cecil 1998 37 369 40 515 33 236 47 Bow Flora 1998 37 369 40 515 33 236 47 Bow Balearia 1998 5 846 6 075 6 075 20 Bow Oceanic 1997 17 460 19 616 19 616 24 Bow Bracaria 1997 5 846 6 071 6 071 20 Bow Brasilia 1997 5 800 6 067 6 067 20 Bow Cardinal 1997 37 446 41 487 34 208 52 Bow Faith 1997 37 479 41 487 34 208 52 Bow Aratu 1997 13 843 15 834 15 834 29 Bow Querida 1996 10 106 11 181 11 181 18 Bow Cedar 1996 37 455 41 488 41 488 52 Bow Atlantic 1995 17 460 19 588 19 588 24 Bow Fagus 1995 37 375 41 608 34 329 52 Bow Clipper 1995 37 221 41 596 34 328 52 Bow Flower 1994 37 221 41 492 34 213 52 Bow Eagle 1988 24 728 32 347 19 662 25 Bow Cheetah 1988 40 257 43 772 - 29 Bow Leopard 1988 39 512 43 772 - 29 Bow Lion 1988 39 423 43 726 - 29 Bow Fraternity 1987 45 507 52 180 2 167 23 Bow Victor 1986 33 000 34 500 21 975 31

ON YEAR STAiNLESS NUMBERTiME CHARTER BUiLT DWT CBM STEEL, CBM OF TANKS SG Pegasus 2011 13 086 14 523 14 523 16 NCC Danah³ 2011 45 578 52 590 - 22 NCC Nasma³ 2011 45 550 52 590 - 22 NCC Safa³ 2011 45 544 52 590 - 22 NCC Amal³ 2011 45 544 52 590 - 22 NCC Huda³ 2011 45 459 52 590 - 22 NCC Noor³ 2011 45 565 52 590 - 22 Stream Luna 2010 19 998 22 161 22 161 20 Bow Tone 2009 33 625 37 974 37 974 16 Bow Hector 2009 33 694 37 384 37 384 16 Southern Ibis 2009 19 905 22 158 22 158 20 Southern Jaguar 2009 19 997 22 157 22 157 20 Stream Mia 2008 19 702 22 094 22 094 26 Bow Sagami 2008 33 641 38 000 38 000 16 Bow Harmony 2008 33 619 38 052 38 052 16 Bow Cape 2008 19 975 22 158 22 158 20 Bow Kiso 2008 33 641 37 974 37 974 16 Bow Heron 2008 33 707 37 365 37 365 16 NCC Haiel³ 2008 45 953 54 401 - 22 NCC Dammam³ 2008 45 965 54 401 - 22 NCC Sudair³ 2007 46 012 54 401 - 22 Bow Lima 2007 19 971 22 157 22 157 20 Bow Fuji 2006 19 805 22 140 22 140 22 Bow Plata 2006 19 807 22 143 22 143 22 Bow Engineer 2006 30 086 36 274 36 274 28 Crystal Topaz³ 2006 11 340 11 870 11 870 20 Crystal Diamond³ 2006 11 340 11 870 11 870 20 Bow Sky² 2005 40 005 52 126 52 126 40 Bow Architect 2005 30 058 36 290 36 290 28 Bow Rio 2005 19 999 21 851 21 851 22 Bow Europe 2005 19 727 22 013 22 013 36 Bow Santos² 2004 19 997 21 846 21 846 22 Bow Asia² 2004 9 901 11 088 11 088 20 Bow Singapore² 2004 9 888 11 089 11 089 20 Bow Americas 2004 19 707 22 735 22 735 36 Bow de Rich 2003 12 452 13 571 13 571 22 Bow de Feng 2002 12 514 13 571 13 571 22 Bow Andino 2000 16 121 17 622 17 622 30 Crystal Amaranto³ 1999 9 887 10 893 10 893 24 Crystal Skye³ 1998 9 554 10 442 10 442 24 Bow Jubail² 1996 37 499 41 488 34 209 52 Bow Mekka² 1995 37 272 41 606 34 257 52 Bow Riyad² 1995 37 221 41 492 34 213 52 Crystal Amethyst³ 1994 8 104 9 346 9 346 17 Crystal Emerald³ 1994 8 143 9 346 9 346 17 Crystal Pearl³ 1994 8 143 9 346 9 346 17 Bow Baha 1988 24 728 32 363 19 662 25 JBu Sapphire³ 2009 19 860 22 144 22 144 16 JBu Opal³ 2009 19 865 30 301 30 301 16 JBu Onyx³ 2008 19 865 21 712 21 712 16

COMMERCiAL YEAR STAiNLESS NUMBERMANAgEMENT BUiLT DWT CBM STEEL, CBM OF TANKS Northern Wolverine 2006 16 000 18 397 10 056 35 Northern Lynx 2003 16 533 18 397 10 056 35 Crystal Atlantica 2000 16 630 17 350 17 350 22 Number of ships: 94 2 605 239 2 960 553 1 966 727

¹ Vessel beneficially owned through financial lease. ² Vessel on bare-boat charter. ³ Vessel on variable time charter/pool.

as per 26 june 2012

ON ORDER YARD DELiVERY DWT OWNER ShinaSB (ex. SLS Shipbuilding) 2012 45 000 NCC 5 vessels Chongqing Chuandong Shipbuilding Industry Co.Ltd 2012 9 000 Odfjell “ 2012 9 000 Odfjell “ 2012 9 000 Odfjell Daewoo Shipbuilding and Marine Engineering Co Ltd 2013 75 000 Odfjell “ 2013 75 000 NCC Number of newbuildings: 10 402 000 STAiNLESS NUMBER TANK TERMiNALS OWNED LOCATiON SHARE CBM STEEL, CBM OF TANKS Odfjell Terminals (Rotterdam) BV Rotterdam, NL 51 % 1 636 100 32 550 281 Odfjell Terminals (Houston) Inc Houston, USA 51 % 331 329 82 033 100 Odfjell Terminals (Jiangyin) Co Ltd Jiangyin, China 55 % 99 800 30 000 22 Odfjell Terminals (Dalian) Ltd Dalian, China 50 % 119 750 18 350 51 Odfjell Terminals (Korea) Co Ltd Onsan, Korea 50 % 313 710 15 860 85 Oiltanking Odfjell Terminal Singapore Ltd Singapore 50 % 365 000 13 520 79 Oiltanking Odfjell Terminal & Co. LLC Sohar, Oman 29,75 % 1 267 500 - 54 Noord Natie Odfjell Terminals NV Antwerp, Belgium 25 % 297 000 50 800 250 Exir Chemical Terminals PJSCO BIK, Iran 35 % 22 000 1 000 18 Vopak Terminal Ningbo Ltd Ningbo, China 12,5% 71 050 8 000 39

Total owned terminals 10 terminals 4 523 239 252 113 979

STAiNLESS ESTiMATEDPROJECTS AND EXPANSiONS OWNED LOCATiON SHARE CBM STEEL CBM COMPLETiON Odfjell Terminals (Charleston) LLC Charleston, USA 51 % 79 491 - ready Q2 2013 Odfjell Nangang Terminals (Tianjin) Co.,Ltd Tianjin, China 49 % 145 000 7 000 ready Q2 2014 Oiltanking Odfjell Terminal & Co.LLC Sohar, Oman 29,75 % 27 300 - ready Q3 2012 Total expansion owned terminals 2 new terminals 251 791 7 000

STAiNLESS NUMBERTANK TERMiNALS PARTLY OWNED BY RELATED PARTiES*) LOCATiON CBM STEEL CBM OF TANKS Depositos Quimicos Mineros S.A. Callao, Peru 50 380 1 600 39 Granel Quimica Ltda Santos I, Brazil 97 720 19 880 99 Granel Quimica Ltda Rio Grande, Brazil 61 150 2 900 32 Granel Quimica Ltda Sao Luis, Brazil 75 710 - 35 Granel Quimica Ltda Ladario, Brazil 8 060 - 6 Granel Quimica Ltda Triunfo, Brazil 12 000 - 2 Granel Quimica Ltda Teresina, Brazil 7 640 - 6 Odfjell Terminals Tagsa S.A. Buenos Aires, Argentina 47 140 530 87 Odfjell Terminals Tagsa S.A. Campana, Argentina 62 980 10 190 88 Terquim S.A. San Antonio, Chile 32 840 - 25 Terquim S.A. Mejillones, Chile 18 000 - 7 IMTT-Quebec Quebec, Canada 293 130 5 500 53 Total related parties partly owned terminals 766 750 40 600 479

PROJECTS AND EXPANSiONS PARTLY OWNED BY RELATED PARTiES*) LOCATiON CBM COMPLETiON Granel Quimica Ltda Aracruz, Brazil 30 000 - ready Q3 2014 Granel Quimica Ltda Santos II, Brazil 52 000 - ready Q4 2013 Terquim S.A. Mejillones, Chile 50 000 - ready Q3 2013 Total expansion terminals partly owned by related parties 3 new terminals 132 000 - Grand total (incl. partly owned terminals by related parties) 22 terminals 5 289 989 292 713

*) Tank terminals and projects owned by Odfjell family.

MAiN OFFiCE ODFJELL

Odfjell 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 TERMiNALS

Odfjell Terminals BVoude maasweg 6, P.o. Box 5010Harbour number 40403197 Kj rotterdam-Botlekthe netHerlandStel: +31 102 954 700fax: +31 102 954 719

Odfjell USA (Houston) Inc.12211 Port roadSeabrook, tX 77586, uSatel: +1 713 844 2200fax: +1 713 844 2211

Odfjell Singapore Pte Ltd6 Shenton way, # 27-08/09 dBS tower 2SingaPore 068809tel: +65 6349 1300fax: +65 6224 2285

Odfjell Japan Ltdogawa Bldg. 8f2-2 uchikanda 1-chomechiyoda-ku, tokyo 101-0047, jaPantel: +81 3 3259 8555fax: +81 3 3259 8558

Odfjell Netherlands BVoude maasweg 6, P.o. Box 50103197 Xc rotterdam-Botlekthe netHerlandStel: +31 102 953 666fax: +31 102 953 668

Odfjell Brasil Ltdaav. Paulista 460 - 18 andarceP 01310-000 Sao Paulo SP, Braziltel: +55 11 3549 5800fax: +55 11 3549 5808

Odfjell ShanghaiSuite B, 13fHuamin empire Plaza728 yan an west roadchangning districtShanghai 200050, P.r. cHinatel: +86 21 5239 9469fax: +86 21 5239 9897

Odfjell Argentina SAalicia moreau de justo 1960office no. 202 - Puerto madero1107 Buenos aires, argentinatel: +54 114 313 7837fax: +54 114 313 4619

Odfjell Australia Pty LimitedSuite 4, level 1443 little collins StreetP.o.Box 1279melbourne Vic 3001 auStraliatel: +61 3 9642 2210fax: +61 3 9642 2214

Odfjell Indiaa-26, nandbhuvan industrial estatemahakali caves road, andheri (east)mumbai 400093, indiatel: +91 22 6695 4701fax: +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 Branchroom 1815 gwanghwamum officia Bldg.163 1-ga Shinmunnojongn-gu, Seoul, 110-999 Koreatel: +82 2 775 9760fax: +82 2 775 9761

Odfjell Korea Ltd.136, cheoyong-ri,onsan-eup, ulju-gunulsan, Korea 689-892tel: +82 52 227 5527fax: +82 52 227 5567

Odfjell ChilePuerta del Sol 55las condes, SantiagocHiletel: +56 2 3307221fax: +56 2 3307948

Odfjell Philippines Inc.4th flr atlantis Beacon tower2315 leon guinto St. malate, manila 1004PHiliPPineStel: +6325280341fax: +6325262256

Odfjell (UK) Ltd14 Headfort Placelondon Sw1X 7dHunited Kingdomtel: +44 207 823 0605fax: +44 207 823 0606

Odfjell Peruav. enrique meiggs, 240urb. chacaritas,callao, Perutel: +51 1 614 0800fax: +51 1 614 0801

NCC Odfjell Chemical Tankers JLTroom 3101-3104, liwa Heightsjumeirah lake towersP.o.Box 214459dubai, united araB emirateStel: +971 4 440 1700fax: +971 4 441 1701

iNTERNATiONAL OFFiCES

Odfjell Asia Pte Ltd6 Shenton way, # 27-08/09 dBS tower 2SingaPore 068809tel: +65 6349 1300fax: +65 6224 2285

Flumar Transportes de Quimicos e Gases Ltdaav. Paulista 460 - 18 andarceP 01310-000 Sao Paulo SP, Braziltel: +55 11 3549 5800fax: +55 11 3549 5807

Odfjell Tankers Europe ASconrad mohrs veg 29P.o.Box 6101 Postterminalen5892 Bergen, norwaytel: +47 5527 0000fax: +47 5527 9070

REgiONAL OFFiCES

TERMiNALS

Odfjell Terminals (Rotterdam) BVoude maasweg 6, P.o. Box 5010Harbour number 40403197 Kj rotterdam-Botlekthe netHerlandStel: +31 102 953 400fax: +31 104 384 679

Odfjell Terminals (Houston) Inc.12211 Port roadSeabrook, tX 77586, uSatel: +1 713 844 2300fax: +1 713 844 2355

Odfjell Terminals (Charleston) LLCP.o.Box 62589 north charlestonS.c 29419-2589, uSa

Odfjell Terminals (Dalian) Ltdnew Porteconomy & technologydevelopment zone 116601, dalian P.r. cHinatel: +86 411 8759 5500fax: +86 411 8759 5549

Odfjell Terminals (Jiangyin) Co., Ltd1314 west Binjiang roadShizhuangnew Harbour city, jiangyinjiangsu 214446 P.r. cHinatel: +86 510 8666 9111fax: +86 510 8666 9110

Odfjell Terminals (Korea) Co., Ltd136, cheoyong-rionsan-eup, ulju-gunulsan, Korea 689-892tel: +82 522 311 600fax: +82 522 376 636

Odfjell Nangang Terminals (Tianjin) Co., Ltd room d310, Section d office Building, Servicing area, teda (nan-gang industrial zone) tianjin 300280, Pr cHina

Oiltanking Odfjell Terminal Singapore Pte Ltd1 Seraya avenueSingaPore 628208tel: +65 6473 1700fax: +65 6479 4500

Oiltanking Odfjell Terminals & Co. Llc.P.o. Box 369Pc., 322 fajal al qubailSohar, Sultanate of omantel: +968 2670 0300fax: +968 2670 0306

Noord Natie Odfjell Terminals NVHaven 227-241Blauwe weg 442030 antwerp - Belgiumtel: +32 (0)3 543 99 00fax: +32 (0)3 543 99 38

Vopak Terminal Ningbo Ltd.no. 111 zhaobaoshan road, zhenhai districtningbo, P.r. cHina tel: +86 574 2769 5638fax: +86 574 8627 5931

Granel Quimica Ltdaav. Paulista 460, 18° andarceP 01310- 000 São Paulo, SPBraziltel: +55 11 3549 5800fax: +55 11 3549 5832

Tagsa S.Aav. alicia moreau de justo 1960,piso 4 of. 4021107 Buenos airesargentinatel: +54 11 4001 9700fax: +54 11 4001 9701

Terquim S.ABlanco encalada 840dept 702, San antoniocHiletel: +56 35 21 1050fax: +56 35 21 1161

DQM S.Aav.enrique meiggs, 240urb.chacaritas, callao,Peru tel: +51 1 614 0800fax: +51 1 614 0801

TANK TERMiNALS PARTLY OWNED BY RELATED PARTiES

w w w . o d fj e l l . c o m

Odfjell Quarterly June 2012

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