DeCember 2013...By marco Soeters, team leader oet, otr The Competence Development Group has recently...

ODFJELL

DeCember 2013

www.odfjell.com

Odfjell Quarterly

EDITOR: Margrethe Gudbrandsen

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

CORRESPONDENTS:HOUSTON: Rebecca SnyderPHILIPPINES: Jennifer Franco

Deadline next issue:3. februar 2014

Design: Bruno Blanchard, Cox Graphic production: Bjarte Kvinge Tvedt, CoxPrint: Scanner Grafisk AS

Frontcover: Loyalty and respect by: Ralph H. TolentinoPhoto this page:Moonlighting our path (Indian ocean) by: Felicidano Aceveda

CONTENTS

Texts submitted to Quarterly may be subject to editorial adjustments. [email protected]@odfjell.com

HighlightsCompetence development in Odfjell 04

Operational Excellence Team at OTR 05Focus on internal ‘knowledge sharing’ 06

‘Ship to Shore’ Trainee Programme: Lots to learn! 07

LandmarksOrdering four LPG/Ethylene carriers 08

Chairman´s message 09

QHSESafety Day – a new initiative 10

Briefings Anti-piracy training on Bow Fortune 14

Odfjell Terminals (Charleston) emphasising construction safety 16

Rapid progress without compromising safety! 18

Portrait 20

Sea and shoreServing our customers 24/7, 365 days a year 22

100 Odfjell moments 24

In societyVolunteering in New Haven 25

CustomersCustomer visit on Bow Sea 26

Odfjell Tankers receives LyondellBasell Excellence Award 26

Personnel 27-29Fleet and terminals 30-31Offices and addresses 32

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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 e

More than a month has passed already since the super-typhoon Haiyan made its deadly path across the central Philippines. As we all know and saw on TV, the human suffering and the dam-ages in terms of infrastructure and properties were horrendous. Millions survived obviously, but seem to have lost everything. In the most affected areas 394 of our direct employees live or lived with their families and loved ones. At the time of writing we know of no direct casualties, but unfortunately, have been made aware that two close relatives of some of our Filipino colleagues have lost their lives. 328 of our employees have been accounted for so far, and I just hope and pray that also the remaining 66 are alive and well. In the meantime our inter-company fund raising campaign has collected a total of USD 166,000, which I trust immediately will be put to use to the benefit of those being in the hardest need. It is difficult to say to what extent these funds will be to significant help under the circumstances, as maybe the damages are more severe than we know and can imagine. That being the situation, I am still confident that your all`s contributions are being appreciated.

Only a few days prior to Haijan making its devastating landfall in the Philippines, we had our first annual Safety Day, an important element of our Road to Operational Excellence. From what I have heard and read, it turned out a success at all locations, both on board our ships and at our terminals and offices. As you can imagine, I am very happy with this, which I take as a sign of growing and stronger commitment to giving the highest priority to safety. The next step on our Road to Operational Excellence is to establish and make clear for everybody our Company's Core Values. For that to happen we are about to launch a process by which you will be asked, via an online questionnaire, what values you think best characterises the Odfjell company culture. I really look forward to see your response. If you all have the same perception, it will be easy in as much as we just have to find the right words. If on the other hand, your response should reveal big discrepancies, we obvi-ously have a much larger job ahead of us; both when it comes to establishing the common values , but more importantly, to make them known, understood and appreciated by you all.

In December it is always natural to look back and evaluate the year that we soon are going to leave behind. Unfortunately, 2013 will definitely go into history as another difficult year, the fifth in

a row as a matter of fact, for Odfjell yes, but also for the shipping industry in general. The markets in which we operate have still not recovered as we had expected. Our particular challenges have been many, with the situation at our terminal in Rotterdam being clearly the biggest in terms of required management time and resources. It is my hope however, with the introduction of our Roadmap to Operational Excellence and all projects and actions therein, that 2013 will also be remembered as the year when our big and global organisation really understood the crucial importance of and got `hooked` on QHSE. If that would be the case, I am convinced that our performance and results will further improve. I find it much more encouraging therefore to write about what to expect next year.

I think 2014 will be good and exciting; not only in view of the outlook for further improved QHSE performance throughout our organisation, but also for the more promising business prospects. Our markets look somewhat stronger with prospect for increased revenues and earnings. In addition we have several happy events to look forward to. We will take delivery of four new 45,000 tonners from Hyundai Mipo in Korea, and we are going to have grand opening of two new terminals, in Charleston, South Carolina and in Nangang, China. The most important event, however, is that we are going to celebrate our Company's 100-year anniversary. Hence, I trust I can safely assure you, 2014 is not going to be boring.

But before starting on a new fresh, we will all go through another holiday season. I was reminded the other day that many do not look forward to the holidays, as they are also the times when not only joy, but also pain, sorrow and loneliness are augmented. That is something worth thinking about when most of us during coming days and weeks will prioritise to what and for whom we are going to spend our time and money.

I wish you good holidays and will be looking forward to seeing you in 2014.

magazineQUARTERLY

odfjell

Dear Colleagues,

Jan A. Hammer,President/CEO Odfjell SE

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

HIgHLIgHTS odfjell quarterly magazine

ICT systems contributing to enhanced knowledge and skillsBy leif gunnar alvær, manager Projects and training, Bergen

Odfjell has recently introduced our Roadmap to Operational Excellence. This is a clear focus on ensuring that each and every one of us has the right competence, skills and attitude to not only do the right job, but more importantly doing the job right. In Odfjell Tankers it is the responsibility of the projects and training group, to ensure that we are using our systems to the fullest, and that we have the right competence to produce a high quality of work.

Over the last few years, Odfjell Tankers has introduced a number of substantial upgrades to its ICT systems like weather routing, Google Earth, the new stowage assistance tool (Orca) and the new commodity book. We are also in the process of implementing IMOS as our new ERP system. It might be correct to say that this is a ‘new ICT era in Odfjell Tankers’, but that is only half the story. The systems we use are just one of the elements in our road to Operational Excellence. The introduction of new improved ICT tools should also be seen as a way of working towards better work practices. Their real value lies in the organisational and operational improvements that they promote. New systems require the right competence, and we strive to ensure that Odfjell Tankers has the skills and attitude to do the job right.

The most significant project in progress is the implementation of IMOS as our new ERP

system. We are currently in the process of documenting and establishing best practice work procedures.

These coming months will be challenging. Whilst the changes to our ICT systems up until now could be described as an ‘update’ or ‘modernising’ of our existing systems, the introduction of IMOS could easily be seen as

the arrival of something completely different! The introduction of IMOS will greatly influence the way we work. We will be able to face the future with a modern ICT portfolio, enabling us to work more efficiently.

Our Roadmap to Operational Excellence is resting on three important pillars: attitude, skills and competency. Attitude is con-nected to our behaviour and performance, and skills are developed through training and experience. Competence is related to knowledge and compliance with all the dif-ferent requirements which are necessary for us to perform in our jobs.

In Odfjell we proudly transport and store any liquid substance. This requires a unique competence and it requires that we have a continuous focus on competence development.

This competence development is performed 24/7 in Odfjell: We have long traditions for cadetship programmes for our vessels and similar structures for trainees for our land based positions. We have our own training centres in China and in the Philippines and we perform a large number of internal courses on our different locations. This is done to share those competencies which cannot be found elsewhere. In addition we utilise a wide range of external competence providers; universities, schools and training institutions. In sum, the overall purpose is to continuously improve the quality of our performance.

In the future you will see an even increased focus on competence development: dedicated resources have already been allocated to competence development and, as a result of our Roadmap to Operational Excellence, we have recently initiated a project to develop and implement a new e-learning platform. This platform will be common for all Odfjell employees. Increased focus will also be placed on facilitating internal sharing of knowledge, improved understanding of our QHSE expecta-tions, introduction to our Code of Conduct and general knowledge about our Company. I can assure you, we are in this business for the long run!

Competence development in OdfjellBy Harald fotland, SVP corporate Services & Support

The introduction to IMOS will greatly influence the way we work

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Mentoring in OdfjellBy leif gunnar alvær, manager Projects and training, Bergen

Operational Excellence Team at OTRBy marco Soeters, team leader oet, otr

The Competence Development Group has recently developed a set of guide-lines called ‘Mentoring in Odfjell’. New employees will be assigned a mentor and a set of guidelines. The purpose of the guidelines will be to provide the mentor with a common understanding of what is expected from the mentor and mentee. Mentoring is the process whereby an experienced employee advises a less experienced or new employee. In Odfjell this relationship is meant to develop the skills and experience of the mentee, and build confidence and independence. This is a process that requires the mentor to offer guidance, support and motivation.

In addition mentors will go trough a short session with the following focus:• The mentor as a role model• The different roles of a mentor• Why expectations should be agreed and discussed• Experience based learning• Communication• Learning strategies

Operational Excellence is about defining opportunities for improvement and design-ing the desired state for an excellent opera-tion. A culture open for change is important to create the required support for continuous improvement, and its sustainability. Operational Excellence is also about organisa-tion development, leadership and a culture of continuous improvement. All employees need to actively contribute to product and process improvements to fulfil regulatory and internal QHSE requirements and customer needs. Continuous improvement (data driven) is one key element in achieving Operational Excellence.

AT OTR focus is placed on: • Managementsystem• Performancemeasurement• Trainingandtroubleshooting• Teamwork,multidisciplinary• Processes• Data/factdrivenapproach Operational Excellence TeamAt OTR we started with an Operational Excellence Team on 1 October 2013. The team of seven are dedicated to defining the

management system and improving work processes in a way that will result in a safe and efficient execution of high quality work, using continuous improvement (PDCA). The goal is to define, review, improve and train all scoped OTR work processes, procedures and work instructions before the end of 2014. The team members have many years’ experience and are experts in QHSE, operations, planning and maintenance. Although it will be the team who set up the structure and standards, the whole organisation will also be involved to make sure that we achieve our goal. Training and performance measurements will be key elements in preventing this work becoming merely a ‘paper exercise’. To be successful it is important that everybody is open for change, willing to listen, able to adopt best practices and to be data driven. Leaders (on every level) need to visibly demonstrate a commitment to Operational Excellence, be passionate about change and make sure that people in the organisation think first before they act.

The capability to ‘demonstrate your commit-ment’ is the single most important competency.

Ina Taule, Ship Operator (standing) has been mentoring some of the trainees in Odfjell. Here with Steffen Bentzen, Ship Operator Trainee

Operational Excellence Team at OTR. Back from left: Luca Bignotti, Denise de Man-Thompson, Cor van der Veken, Peet Krens and Uli Heinz. In front from left: Marco Soeters and Pieter van Bergen

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HIgHLIgHTS odfjell quarterly magazine

cargo Handling course - Pilot class at Odfjell AcademyBy Janelve Ramos, Administration Assistant, Manila

From 14 to 18 October the pilot class for a Cargo Handling Course was held at Odfjell Academy. The course was developed and administered by Ton van Oeffel, Consultant Marine Services, Nils B. Tofteraa, Manager Marine Service group and Captain Olav Skintveit, Senior Advisor Operation. 15 Deck-Senior Management Level Officers attended the course.

Captain Juha Manner, one of the participants, said the training course is beneficial to all Officers: - It is good to refresh cargo handling procedures and knowledge and the course updated us on the latest changes concern-ing rules and requirements. It is beneficial to all parties to have officers with different backgrounds learning new ways on how to

approach various subjects or problems. This course has given us tools to enable us to improve in our core business of carrying and storing chemicals.

Ton van Oeffel, Consultant Marine Services, (number three from left), training the participants at the Cargo Handling Course

Have you ever considered knowledge as an asset that actually grows when shared? Odfjell possesses a significant amount of competence and knowledge. One initiative towards sharing knowledge was introduced last June, at the headquarters in Bergen where the first Short Session was held. This is an internal ‘knowledge sharing’ initiative which aims to utilise and share internal expertise and furthermore, to enhance the knowledge sharing culture. The concept is informal sessions of 20-30 minutes, to be held in the canteen each month and open to all employees. Topics shall enable employees to work more efficiently; either by focusing on utilising features of systems and tools, or as a consequence of an increased knowledge of colleagues´ work processes.

New global platform for learningBy Henriette Vartdal, Coordinator Competence Development, Bergen and Thomas Hatlestad, Manager ICT Application Support, Bergen

Odfjell is moving towards a new plat-form for learning. The project group is now in the project charter phase, where key stakeholders are interviewed in order to clarify requirements and views. The aim for this phase is to prepare the ground for a clear mandate, a project scope and to make sure that the high-level business requirements are identified and agreed upon between important stakeholders. After a project charter approval in the ICT steering committee, the next phase will be to identify possible software solutions that will fulfil business requirements and to start dialogue with relevant vendors.

Short Sessions:Focus on internal ‘knowledge sharing’ By Henriette Vartdal, Coordinator Competence Development, Bergen

Besides the content itself, bringing smaller groups of employees from different units together in a new and informal setting can contribute to building new relationships and trust, which are two basic elements for knowledge sharing

Sessions so far have been focusing on Lync, Outlook, Orca, Global View and OrgPublishing. Arne Sletten Helgesen, Project Manager says: - One way to achieve Operational Excellence is to share knowledge about our key processes and software applications. The short sessions are a very efficient way of sharing this valuable information. In less than 30 minutes a group of employees are informed about a relevant topic by an in-house expert.

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Lots to learn! By Christer Mjelstad, 2nd Officer

In our first phase of the ‘Ship to Shore’ Trainee Programme, we received basic information about the different aspects of chemical trading and the different depart-ments within Odfjell. It has been especially interesting to experience and see the shore side point of view regarding our trade, and it is clear to me that both ship and shore personnel can have huge benefits by using each other’s expertise and communicate even more effectively than they already do.

For me, as a 2nd Officer, it was very interest-ing to learn from Ship Management, Marine Support Group (MSG), project and bunker departments since this is very helpful in my current job on board. As a Junior Officer we hear a lot about the ‘insane’ bunker prices, and how we are struggling to run the ships well financially, without really being part of the solution or the general discussions surround-ing the issue. It was really interesting to see the huge potential that lies in saving costs on board the ships if they were to run as they should. Odfjell has clearly taken this into account when you look at what is happening on board the ships and at the project department. Weather routing, Mevis Duct, hull cleaning, financial speed, ultimate trim, polishing of propellers, tank cleaning procedures and cargo programs are just some of the areas Odfjell have taken a particular interest in, and I look forward to seeing the results of their research in increased fleet performance. Personally I have no doubt that there are huge potentials in shipping if companies become more cost effective, and these companies that take these cost saving ideas seriously will definitely do well in the future.

It is in the detailsThe presentation from demurrage, operations and chartering department, our short stay with operations in Bergen and port operations in Houston, taught me that there is a huge amount of work behind each order we receive on board the vessels and that good commu-nication between MSG, chartering, operation and the vessels are crucial to making sure our vessels run as smoothly as possible. This experience also taught me how important it is

From left: Christer Mjelstad together with Manager Projects and Training, Leif Gunnar Alvær

report from Phase 1 of odfjell's ‘Ship to Shore’ trainee Programme:

to write the port log correctly and accurately whilst on board, as it makes the job for the demurrage department much easier.

Correct planning is a money saver The amount of money to be saved by good planning from the operators and port operators was much larger than I first thought. Taking demurrage, time saving, transhipments and numbers of shiftings etc. into account to make the right choices saves the Company a huge amount of money. Here we can see the importance of good cooperation between the chartering department who has complete control of the contracts, bill of lading, demur-rage and the operators who are responsible for the smooth operation of the vessels. It is very clear that it is extremely important that the level of competence is high, not only on board the vessels, but also in all other parts of the Company. All in all, I am very satisfied with the ship to shore programme so far. The information we

have been given has already proven helpful for both my job as 2nd Officer, and for my training to the next level as Chief Officer. I look forward to continuing the programme this autumn with Ship Management to gain more insight into what they do, and hopefully get a better idea of what area I would like to work in the future.

Ship to shore trainee programme: • Aprogrammetorecruitandpreparepromising and motivated seagoing candidates for a future shore-based career within Ship Management or Odfjell Tankers • Tailormadeprogrammebasedonassignments, internal and external courses, on–the-job training and visits to international offices


LANDMARkS odfjell quarterly magazine

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Ordering four LPg/Ethylene carriers By Tore Jakobsen, SVP Corporate Investments, Bergen

On 29 September 2013 we signed shipbuild-ing contracts with Nantong Sinopacific Offshore & Engineering Co., Ltd for con-struction of four LPg/Ethylene gas carriers of 17,000 cbm.

During the last years this shipyard has delivered several gas carriers, and is regarded to have one of the very few construction facilities in China able to meet our quality standards for building of such ships. The deliveries are scheduled between October 2015 and May 2016 and the contract price in total is in the region of USD

180 mill. We have also secured various options for delivery of up to four additional gas carriers.Today we are operating two LPG/Ethylene carriers of 9,000 cbm. This newbuilding order is an important step in our long-term strategy to grow and become a significant owner and operator in the gas market.

Steady earnings for Odfjell in third quarterBy Terje Iversen, CFO, Bergen

EBITDA of USD 37 million is reflecting stable earnings both from chemical tankers and tank terminals in the third quarter.

For the chemical tankers business, activity over the summer and through the third quarter held steady and was in line with the second quarter on both contract nominations and spot activity.

Our shareholding in tank terminals business contributed an EBITDA of USD 7 million in third quarter, the same as in previous quarter. With the exception of Odfjell Terminals(Rotterdam) (OTR), terminal results were largely

in line with expectations. OTR is working on a revised business plan, scheduled to be com-pleted within year end, and has decided to possibly redevelop most of the older areas of the terminal. Current book value of OTR assets is USD 241 million. As a possible consequence of the revised business plan, impairment of certain OTR assets, including customer relationships and goodwill totalling net USD 54 million, will be evaluated.

The US economy and the US dollar are finally looking up, which is good news for our business generally. The European economy is still lagging

but is showing modest improvement. The big question is the strength of China’s economy. Excessive credit growth, rising local government debt and weaker export momentum may cap the recovery, from the last two quarters of slowdown.Based on the above we expect a slow but steady increase in demand for our services. We expect the final quarter of 2013 to be similar to or slightly better for our chemical tankers than the third quarter. As to terminals, with the exception of Odfjell Terminals (Rotterdam), we expect continued stable results.

One of our LPG /Ethylene carriers' – Bow Gallant (9000 cbm/2008)

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CHAIRMANS MESSAgE odfjell quarterly magazine

Dear all,

I have dedicated a lot of space in my Chairman’s messages to safety and industry challenges. We are now at the tail end of another challenging year, both due to the stubborn supply overhang of ships, and also due to the overhang of issues related to compliance at our terminal in Rotterdam. A lot of hard work has been dedicated over the year to prepare ourselves and our fleet to perform better, regardless of market condi-tions. And in Rotterdam, the efforts led by new Managing Director Theo Olijve and his organisation have been notable in starting to bring OTR back on a sustainable path. All this hard work is most appreciated and I am confident that we are laying foundations for a better Odfjell.

I would like to dedicate this column to some of the particular challenges of the chemical parcel tanker trade. The impetus for this article was a road trip that President/CEO Jan Hammer and I embarked upon in September, together with senior managers of Odfjell Tankers and Odfjell Terminals, to visit some of our key strategic customers in the US. In sessions with several of these customers we exchanged ideas about industry challenges, such as the often differing vetting regimes, port congestion due to lacking investment in shore infrastructure (we spend over 40% of time in port, of which too much time is simply waiting for berth availability), the complexity and cost of new regulatory requirements, piracy, the alarming trend of increasing criminalization of seafarers, etc.

An important mission for our trip was, indeed, to better illustrate the particular challenges of chemical parcel tankers. In simple terms, as opposed to product tankers (typically full ship for one customer with just one or limited number of different product grades) a fair analogy for our chemical parcel tankers would be a passenger bus with different pas-sengers getting on and off at different stops.

So what is challenging about that? First of all, the increased complexity since each customer may have different requirements for handling the cargo (even if same product). Such complexity we can manage by our very specialised personnel, ships and systems. But then comes more complexity: many of our customers set requirements to our ships and crew, that sometimes are incompatible and in conflict. This is typically the case for some of the Oil Majors, who have, for instance, differ-ent requirements in terms of crew matrixes. They all want to possibly join the same bus, but each can possibly have different require-ments to the driver, etc. The risk for the ship operator is that one has perhaps committed and positioned a ship (a bus) for a voyage, but then one of the passengers decides at own discretion (with typically opaque reasoning) to reject the ship, thus impacting the voyage for all the customers, so there is a lot of conse-quential damage as a result. This is a problem with no solution for individual shipowners, so we are addressing this challenge via the industry association Intertanko, where we hope a dialogue can be found eventually with the Oil Majors to agree on a set of minimum acceptable requirements applicable to all customers/charterers.

But the challenge for the passenger bus does not stop with such requirements. Each pas-senger may require its own stop for getting on board and getting off, even within the same port. And a delay caused by one customer’s berth call, has a domino effect on the schedul-ing for all the passengers. How then to live up to our ambition of being a reliable service provider in terms of scheduling? We all agree that time is money, so it becomes very evident that having sophisticated ships rummaging around ports picking up bits and pieces at any odd berth is highly inefficient, both from a time, but also from a fuel consumption and emissions, perspective. We build our ships to be able to handle numerous cargos simultaneously, but we seldom get near to full benefit of this, because there has been too little willingness by the stakeholders in the supply chain to try to build and break bulk at the same stop, the same terminal. And the terminals have not been thinking properly about dock efficiency (and many have just simply not invested sufficiently in such infrastructure as they have built more and more tanks behind one pier). Most tank

terminals today still operate ‘blindly’ under a first come, first serve principle. But, to improve efficiencies, what if there instead was a ‘bus lane’ principle with a fast track for collective transit based on having more grades and more cargo? We see such arrangements within the container terminal industry, but our industry has been lagging. Following such a principle, we could create more incentives for cargo consolidation, thus enhanced efficiency, whilst gaining a bonus benefit of reducing emissions that impact the environment.

So here could be our goal for the future: we should be more selective in our choice of busi-ness by seeking the customers that are willing to engage long-term in cargo consolidation at terminals that are willing and able to generate priorities based on individual versus collective traffic. Such an approach should be a win-win for our customers (less exposure to demur-rage, higher reliability in scheduling, less cost overall), for the terminals (enhanced through-put and utilization of docks because they also can handle multiple grades simultaneously) and for the shipowners who build and operate multi-grade tankers (more efficient port calls). And for society at large, we would arguably have cleaner air. As the supply and demand picture for our ships slowly appears to be improving and we can expect that freight will gradually be increasing, now is the time to rally our troops to find the customers that both share such philosophy and have the ability to jointly translate such a vision into reality. So to return to the road trip of Jan and myself: we were pleased that several of the customers we met were willing to listen and explore how to embark on such a route. With the support of more favourable market, when we can more readily select cargos, metaphorically, this bus is perhaps about to leave the station – you are welcome to join.

Stay safe!

Laurence W. Odfjell

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QHSE odfjell quarterly magazine

roadmap to operational excellence:

Safety Day – a new initiativeBy Toralf Sørenes, SVP Corporate QHSE, Bergen

We have recently launched our Roadmap to Operational Excellence and our long-term goal is to lift our operational and safety performance from good to great. In simple terms Operational Excellence is about ‘doing the right things the proper way’.

A step towards this was an Annual Safety Day organised for all employees, and we are happy to report that it was a great success. Thanks to all that participated and to those who worked to make this day possible. Let us continue to do more of the same.

On 6 November the Safety Day was arranged for all Odfjell employees with the primary focus being personal protection equipment (PPE) and safety behaviour.

In his message to all our employees CEO Jan Hammer highlighted our Mission Statement and our four key statements, which should help lead the way for all of us. He said that the main purpose of our annual Safety Day is that we make sure we apply these statements in all we do, lift it up and highlight the importance of safety and remind ourselves that it must have our highest priority.

1. Safety is our number one priority and shall never be compromised2. Nobody is expected to make shortcuts at the expense of safety3. Everybody has a duty to request ‘stop’ for an activity which they consider unsafe4. Incidents shall be reported. Nobody in Odfjell has ever been and shall not be reprimanded for providing true information no matter how brutal the facts may be

This is how the different locations carried out the Safety Day in November:

On boardShip Management focused on ‘Enclosed space entry, safe work routines and use of related protective equipment including PPE’. The programme for the day on board started with Jan Hammer’s message, ‘NO SIGN – NO ENTRY’ with reference to the ‘Safe for Entry’ sign and a walk-through of the required steps in planning and preparing for Entry into an

With quite busy cargo operations in US, the Safety Day was carried out 8 November 2013, while Bow Elm had a break at the Sabine Pass Fairway Anchorage

The crew on Bow Fortune are always aiming towards a safer working environment; do it safe or not at all! The Safety Day gave a platform to discuss both new issues and known factors related to the day’s topics and it was an informative experience for all

Lesson learned: Nothing is so important that it cannot be made safe

Bow Pioneer

Enclosed Space. Group sessions were held and these focused on procedures and checklists. The purpose was to ensure that all personnel understood and knew how to assess whether or not a room or space is an Enclosed Space. At the end of the informative day, a General Safety Meeting was held to sum up the day’s events and to share suggestions for improvement. The general feedback was that the ships’ Safety Day was successful, and that learning and experiences were shared.

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Safety Day on Bow SagaBy E/C Gerald M. Rodriguez

The rough seas of the Atlantic Ocean did not lower the spirits of the Bow Saga crew in promoting safety in the first ever Odfjell Safety Day.

The crew had a tank rescue drill wherein the scenario is to rescue a casualty, a dummy, inside a cargo tank. The crew members rushed to their respective muster stations when the alarm sounded, prepared their equipment and ran as fast as they could to the area where the casualty was located.

After the drill, a de-briefing was held and all were encouraged to suggest improvements and com-ment on the drill. In the afternoon a general safety meeting was arranged wherein the topic of the Safety Day was further discussed and each crew was given a chance to bring up concerns or ideas they may have.

Prior to the Safety Day, the crew had a hands-on training in the use of various equipment related to entry into enclosed space includ-ing the use and calibration of por-table gas measuring instruments. The use of rescue equipment such as fall arresters, safety harnesses, breathing apparatus and medical equipment for resuscitation and transport of the victim were also demonstrated.

Despite the rough weather con-ditions the day was a complete success and it was evident that the crew thoroughly enjoyed the activities and showed a genuine willingness to learn.

All the staff in Singapore gathered in the training room for the inaugural Odfjell Safety day on 6 November. We were lucky enough to have our Executive Chairman Laurence Odfjell in the office and he gave us a passionate plea for everyone’s full focus on safety and the road to operational excellence. Using an alternative definition of PPE, he stated that to achieve operational excellence we need fit for purpose People, Processes and Equipment. The pivotal importance of office staff emphasising safety in their everyday tasks was clearly outlined.

Laurence further stated: - To achieve Operational Excellence, we need to focus on knowledge, skills and attitudes of ourselves and our colleagues. The critical issue is the attitude, because no matter how much knowledge and skills we possess, it is only with the right attitude we will achieve our goals. It is therefore great that we set aside this time for all of us to participate in activities on a Safety Day. This will raise collective awareness on safety as a core value within our Company, and by doing so, we will foster the right attitude towards our work.

With our CEO Jan Hammer and local Manager Overseas Office Tor Johansen also stressing the importance of doing the right things the proper way, there should be no doubt that top management really do mean it: Safety is our number one priority!

Terminal division’s Robert Koong gave us some refreshers on simple rules to ensure every day office safety, while a presentation by Senior Marine Superintendent Deepak outlined why there is no ‘Sophie’s choice’ between safety and profit- the message being that safety is good business and only through full focus every day on safety can we move forward as a company.

PPE was the theme of the day and Marine Superintendent Ajay gave us an entertaining and educational presentation on ship visits showing us how not to set up a gangway. He even pointed out that the helmets Odfjell provide have expiration dates and that those little letters and numbers on glasses actually mean something. With a slight of hand, he even shared how to magically vanish earplugs after teaching us how to use them properly.

I walk away from today a lot more aware of the many aspects of safety in my everyday life. Not only my personal safety when visiting one of our terminals or vessels, but also my obligation to pay attention to the safety of others. To do what I can to ensure that each and every one of us come home to our loved ones at the end of our work.

And now I am off home to check the expiry dates on my kids bicycle helmets.

Safety Day in SingaporeJohan Halle, General Manager, Odfjell Tankers Asia

Live demonstration and explanation on how to wear a life west and its various functions by our Marine Superintendents Ajay and Cedric

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QHSE odfjell quarterly magazine

At the Odfjell terminalsBy Pierre Houben, Global QHSE Manager, Rotterdam

Odfjell’s first global Safety Day was a great success at the Odfjell terminals. The terminals partly owned by related parties in South America also participated.

At all locations a local team was in charge of the organisation and we can conclude that they did a great job. They all received the video message by Jan Hammer.

Suppliers of PPE were invited to give presenta-tions and had stands at the locations, quizzes and games were organised around the PPE theme and fire drills were held. At the Asian locations the ‘Safety Pledge’ by all participants was a special occurrence during this special day.

Senior Management and Board members were present during the Safety Day. Feedback received from the locations was enthusiastic and positive. All locations will be contacted to give their feedback on what improvements can be made for next year’s Safety Day. Thank you all for making this day a success! Odfjell Terminals (Rotterdam)

Odfjell Terminals (Korea)Odfjell Terminals (Houston)

Campana

odfjell Safety day

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Safety Day at the headquarters in BergenBy Bjørn Ydse, HSE Manager, Bergen

At the Headquarters in Bergen two sessions with the same programme were arranged and nearly 200 employ-ees attended. The sessions started with a welcome by Toralf Sørenes (SVP QHSE), proceeded by President/CEO Jan Hammer’s message and a lecture by Per Hembre Kotte titled ‘Drifting icebergs are no joke – some thoughts around safe behaviour’, which was the main event.

The lecture was related to personal safety. During simple routine activi-ties that are deemed to be relatively ‘safe’ it is feared that employees may get complacent and shortcuts may be taken and these relaxed attitudes may develop and become embedded,

both at work and in leisure. Taking care of each other was also empha-sised both in situations with family, friends, neighbours or colleagues. Per Hembre Kotte used many strong ‘real-life’ examples to show the fragility of human, and his lecture really hit a nerve amongst all employees.

Toralf closed off the sessions by saying that we should all take Kotte’s ‘eye-openers’ with us and come back to them next year and hopefully be able to conclude that we have become more safety minded in our everyday life. The feedback from employees the next day was that many of them had taken the opportunity to conduct a practice fire drill at home.

Odfjell Nangang Terminals (Tianjin) Odfjell Terminals (Dalian) Odfjell Terminals (Jianyin)

DMQ S.A, Peru

Per Hembre Kotte, an established lecturer in the oil and other industries in Norway, gave an inspiring lecture about behaviour and taking responsibility for your own actions

By Bjørn Ydse, HSE Manager, Bergen

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BRIEFINgS odfjell quarterly magazine

norwegian Special forces conduct anti-piracy training:

Anti-piracy training on Bow FortuneBy 2/O Christian Dahl, Bow Fortune and Thomas Gjesdal, The Royal Norwegian Navy

In October this year, the Norwegian Frigate HNoMS Fridtjof Nansen conducted a joint exercise with Bow Fortune in the gulf of Aden. The purpose of the exercise was to train the crew on board HNoMS Fridtjof Nansen to board a ship in a pirate situation.

The partnership between HNoMS Fridtjof Nansen, Norwegian Shipowners Association and Odfjell displayed for the first time an exercise of this sort to take place involving a merchant ship in the Gulf of Aden.

Activating security measuresAs always, when transferring the Gulf of Aden and the Indian Ocean, a number of defensive security measures were implemented on board Bow Fortune prior to entering this high-risk area. Bow Fortune was en route from Suez to Kandla and was fully loaded.

The exercise started in the morning. Two high speed Rigid-Hulled Inflatable Boats (RHIBs) were launched from Fridtjof Nansen contain-ing members of the highly trained Norwegian Special Forces (MJK). These boats approached at speed from the stern of the ship. One boat provided covering fire whilst the other boat came alongside. Rapidly a team of soldiers ascended up a special boarding ladder and were on the main deck. The Special Forces managed to successfully board the ship a further five times from different positions, with varying freeboard. Each time they boarded, they executed it swiftly and with precise accuracy. After the boarding drills were complete, our guests were invited to see the ship's safe room/citadel. Bow Fortune was praised for having done a professional job with the fortifications and one comment was made that it would be fairly difficult to enter the citadel.

Exchange of experienceOur day together concluded with a discussion about tactics and ideas for further enhancing the security measures on board our ships. The MJK were extremely pleased that they had been given the opportunity to practice their skills on an operational commercial vessel. – The exercise gave us an increased understand-ing of how the merchant fleet deals with the pirate situation and our boarding team got the practical training they need to board a

ship with securities measures activated, says Commander S. G. Petter Kammerhuber, master on HNoMS Fridtjof Nansen.

We also got information about the preventive work that the NATO Task Force carries out, like surveillance which prevents the pirates from reaching the merchant shipping lanes. Valuable points were discussed on how to improve the cooperation between the merchant navy and

the military navy. Ideas where exchanged during the debriefing which left us feeling a sense of achievement that we had managed to challenge the Special Forces trying to board our vessel. To our delight the commander of the Fridjof Nansen presented us with a com-memorative plaque and coin to thank us for our hospitality. – I cannot express enough how important the military presence is for us in this area. We really appreciate the work that you do.

Within seconds a team of soldiers ascended up a special boarding ladder and was on the main deck

Captain Roald Johan Olsen, Bow Fortune and Captain Petter Kammerhuber, HNoMS Fridtjof Nansen

Two high speeds RHIBs were launched from Fridtjof Nansen containing members of the highly trained Norwegian Special Forces (MJK)

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norwegian Special forces conduct anti-piracy training:

Anti-piracy training on Bow FortuneBy 2/O Christian Dahl, Bow Fortune and Thomas Gjesdal, The Royal Norwegian Navy

Both on board crew and those at home feel safe knowing there is a strong military presence and impressive safety measures in place, says Captain Roald Johan Olsen, Bow Fortune.

It was a great opportunity to see our Special Forces in action and we hope that the Naval officials enjoyed their visit as much as we did having them on board.

Odfjell and Sony Pictures preview ‘Captain Phillips’ By Gareth Williams, Commercial Manager, Singapore

‘Captain Phillips’, a film based on the true story of the kidnapping of the Maersk Alabama in 2009 by Somali pirates whilst en route from Salalah to Mombasa, was due for general release to cinema-goers in Singapore on 14 November. Odfjell was pre-sented with an opportunity by Sony Pictures to preview the movie one week ahead of general release.

Fortunately this could be co-ordinated to take place on the 6 November as the concluding event to round off Odfjell’s annual corporate Safety Day. The venue for this screening was the GV Grand, Great World City.

The guest list for the evening was drawn up to include a wide cross section of Odfjell’s customer base in Singapore, from com-mercial, operational, and technical functions in addition to strong representation from the broking community. The movie was preceded with a cocktail function serving canapés and wine from Odfjell vineyards.

There was a welcome note given to remind everyone that the issue of piracy remains a serious threat to commercial shipping. Odfjell’s aim was not to politicise the movie, noting that the longer term solu-tion to the piracy problem lay in political stability and economic progress ashore in Somalia and other affected states rather than the use of Naval or Security forces as

an on-going deterrent.

‘Captain Phillips’ gave everyone the opportu-nity to teleport themselves out to sea via the big screen and to experience for a few hours the psychological strain that our seafarers endure in transiting through the Gulf of Aden, and in that context ensure that those of us who are shore based do not take this issue for granted just because it has faded from being daily headline news.

Odfjell Singapore is grateful to Sony Pictures and to our Executive Chairman Laurence Odfjell who joined in to support the evening and make it a success.

in collaboration with SONY PICTURES

requests the pleasure of your company at the exclusive preview in Singapore of

6 NOVEMBER 2013, WEDNESDAY

GV GRAND HALL 1

(1 Kim Seng Promenade, #03-29, Great World City)

Screening:

Reception 7:30pm onwards,

Movie Screens 9:15pm

There will be a cocktail reception with light food and refreshments prior to the screening.

Our Executive Chairman Laurence Odfjell had the opportunity to join the event in Singapore. From left: Laurence Odfjell, Crystal Koh, from Clarksons Singapore and Johan Halle, Odfjell Tankers, Singapore

Two high speeds RHIBs were launched from Fridtjof Nansen containing members of the highly trained Norwegian Special Forces (MJK)

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Odfjell Terminals (Charleston) emphasising construction safetyBy Bill Bispeck, Sr. Project Manager, Odfjell Terminals (Charleston)

great progress continues with construction of our new terminal in Charleston, South Carolina. Since the project began on 1 February 2012, over 375,000 hours have been worked with no recordable injuries. A site-wide safety luncheon was held at the construction site on 9 October to reinforce our theme of working safely and how we aim to continue this good work as we venture down the homestretch.

A sumptuous meal complete with speeches expressing appreciation was arranged to make this event memorable and to assure all those who have worked so hard to know that Odfjell really does appreciate their efforts in contributing to our success and in particular their achievements in safety.

At its peak this summer there were over 300 workers on our site building our new facility. We have very tight quarters, with only 20.7 acres

of land, so coordinating the work of the many subcontractors and crafts, with numerous items of mobile construction equipment, has been a challenge and this makes the accumulated recorded ‘safe hours’ even more remarkable. Several important safety systems have been utilised throughout the project which have without doubt, been a major factor as to why we have been able to produce the commendable results that have been achieved with workplace safety. Our engineering, procurement, and construction management contractor, ‘The Roberts Company’, from Winterville, North Carolina, has provided leadership for important risk reduction processes at the job site. There is a Pre-Task Planning (PTP) process utilised which requires each crew member to meet at the start of their shift to review potential risks for the tasks to be completed that day, which is documented and signed by all. A similar discus-sion and debrief with signed documentation is also completed at end of each day.

A second important safety process being utilised is a Safe Behavior Observation (SBO) system whereby workers complete audits of the work in progress utilising a critical behavior inventory checklist. This observation data is collected and tracked to spot trends which can pinpoint specific emerging risks.

A third prominent process is a weekly site inspection performed by the superintendents of all the subcontractors at the work site. They walk around together noting items that may need attention and follow up items are assigned. These combined efforts assure that good safety results are being met not just by chance, but because of our continued inten-tional and effective safety systems in place.

Final completion of construction occured in mid November. Equipment will be turned over to our Odfjell Team, system by system, to begin checking out proper functioning through water

Site-wide safety luncheon served Charleston’s local delight of ‘barbecue with all the trimmings!’OTC new tanks nearing completion

Grand oak trees adjoining tank bay

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batching. Water will be transferred from our new tanks through the piping systems to an empty truck and alternately to an empty rail car as well as to the ship dock. Equipment operation will be verified as complying with design, safety systems will be checked, process control and business system software will be tested. The current schedule forecasts that the water batching will be complete in December at which point the terminal will be officially deemed ready for product.

At completion we will have seven new tanks and two repaired existing tanks with combined storage volume of 80,000 cbm. The terminal will have a total of twelve rail car loading spots, a truck bay with three truck loading spots, a ship dock and associated site infrastruc-ture, with room to expand. Space exists on our property to double the current volume under construction. There’s more to come for Charleston…….!

Deploying the corporate ICT ‘Terminal Management System’ at Odfjell Terminals (Charleston)By Håvard Pedersen, ICT Project Manager, Houston and Roald Huijsdens, Team leader ERP CC, Rotterdam

On 4 September SAP Terminal Management System (TMS) was released for Odfjell Terminals (Charleston) (OTC) as part of the global roll-out programme for Odfjell Terminals. SAP TMS for Charleston is mainly based on the configuration for Houston. However the introduction of a new Terminal Automation System (TAS) increased the complexity of this roll-out. The data exchange between SAP TMS and TAS for transferring mas-ter data (tank, product and vehicle), tank levels, scales and other order data has been automated by designing multiple interfaces from and into SAP TMS. These interfaces will support all scoped operational business process scenarios for Charleston.

The SAP TMS solution will be supported by local Odfjell representatives and the Corporate ERP Competency Centre (ERP CC), with the infrastructure being scaled for high availability 24/7, in keeping with the solutions deployed at OTH and OTR. The Competency Centre has representa-tives across Houston, Rotterdam and Bergen.

24/7 support availabilityOdfjell have strict ICT infrastructure standards which have proven to support 24/7 availability for our business. OTC will benefit from the implementation of these standards. The hardware and software are based on industry leading technology, with corporate systems being managed and maintained in Bergen, and accessed through the Odfjell Application Portal. OTC will also have some local systems like automation system, access control system and surveillance system. The infrastructure has been designed to make it easy to make changes and expand as the terminal grows.

Terminal Management SystemThe corporate solution for Terminal Management Systems is called SAP TMS. SAP TMS supports terminal businesses in contract and order to invoice business processes. Environment, Health & Safety and Dangerous Goods Regulations are other important integrated components of SAP TMS. The Houston and Rotterdam terminal have been running SAP TMS, since 2008 and 2010 respectively.

Security, redundancy and reusabilitySecurity, redundancy and reusability have been a high priority for the new ICT Infrastructure at OTC. The corporate network which is used for SAP TMS is physically separated from the Terminal Automation System. Communication lines towards headquarters are config-ured with redundancy in mind. The ICT infrastructure installed at OTC is the culmination of our experiences at our terminals in Rotterdam and Houston, and is a template we can use when build-ing new Odfjell terminals in the future. Both the SAP and local ICT infrastructure aspects have been documented with re-usability in mind. We can report therefore that Odfjell ICT and the business are now empowered to deploy TMS in combina-tion with ICT Infrastructure standards in line with any future growth in the terminal business segment.

Site-wide safety luncheon served Charleston’s local delight of ‘barbecue with all the trimmings!’


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Rapid progress without compromising safety!By Thomas Tao, General Manager, Odfjell Nangang (Tianjin) Terminal (ONTT)

It was a big day for Odfjell Nangang Terminals (Tianjin) (ONTT) on 10 October with 15 members from Odfjell Terminals AS Supervisory Board, Odfjell SE, Odfjell Terminals BV and Odfjell Terminals Asia visiting Nangang Industrial Park as well as ONTT project sites. The impressive develop-ment plan within the Nangang Industrial Park as well as the visible ONTT construction progress won the confidence of visitors.

The construction site tour by the Board members also witnessed the progress of the terminal construction. The jetty topside, including loading arms, hose tower and pipe rack had all been almost completed, while construction workers and supervisors were busy installing utility and process pipelines with the aim to complete the welding of pipes before the cold winter arrives. By now a total of 1,714 meters of process and utility pipelines have been installed.

The tank erection at tank pit No 2 and No 5

show a visible increase of tank height day by day. The piling machine was deployed from sunrise to sunset in a quest to keep the sched-ule on track. A total of 2,143 concrete piles for pipe rack, pump pit and terminal buildings have now been installed.

Alongside the significant construction progress made during the third quarter 2013, the con-struction site’s housekeeping and cleanliness have also improved. No matter how hard the construction site pushes to maintain rapid progress, the site safety and construction qual-ity are never compromised as we have a team of dedicated employees as well as committed contractors. As a result, ONTT is proud of zero LTI for both employees and contractors with 667,844 man-hours achieved. The various independent quality checks also prove the high construction quality for pilings, concrete slabs, structural steel and welding works done. We are now one step further towards the vision of building a world class terminal in Nangang.

With the site progress of our industrial cus-tomers such as international customers Shell, Luluda (a GS JVs) and local customers such as Nangang Binhai and Linxian, the pressure of completing the construction of the tank farm earlier is mounting day by day. However, with commitment from both employees and contractors, ONTT feels ready to handle any new obstacles that may challenge the tight schedule and are approaching this build with confidence and ONTT remain determined to deliver a high quality first class terminal.

It was no surprise that our joint venture partner Nangang Industrial Park hosted a super-large reception to show the Chinese style hospitality for the partner/friends from around the globe

15 members from Odfjell Terminals AS Supervisory Board, Odfjell SE, Odfjell Terminals BV and Odfjell Terminals Asia visiting Nangang Industrial Park as well as ONTT project sites


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Super typhoon hits the Philippines:– Colleague fund raising campaignBy Helge Olsen, SVP Ship Management, Bergen

On Friday 8 November the super typhoon Haiyan, in the Philippines named Yolanda, hit the Philippines with devastating effect. The typhoon, reportedly the strongest ever to reach land with gusts measured at 360 km/h, did particular damage in the Leyte and Samar provinces, but also neighbouring provinces suffered severe impacts.

394 of our Philippine colleagues live with their families in the affected areas, 124 of them in the hardest hit parts. Since the breakdown in the areas' communications means we have yet to compile the full picture. We already know that many of our Odfjell colleagues have lost everything.

The Board of Odfjell SE donated NOK 100,000 to the Norwegian Shipowners' Associations relief

programme. In addition a global Odfjell fund rais-ing campaign is initiated for those of our colleagues who wish to contribute and help colleagues in dire need. The Company has pledged to match one dollar for any dollar donated by employees so that the sum donated will be equalled by Odfjell and hence doubled.

Photo by: AP Photo/Bullit Maequez

corporate Values in odfjellWe have initiated a process to establish Odfjell’s Corporate Values. This initiative is rooted in feedback from the organisation and included as a natural element in our Roadmap to Operational Excellence. Values are the core of a company’s culture and can best be described as important and lasting ideals that help creating a common understanding of right behaviour and

attitude within our company. These values are important because they influence on how we define our policies, standards and procedures which again influence on our performance. Corporate Values are nothing new in Odfjell. The aim with this process is to make the values more visible and to involve as many employees as possible in the establishment and

incorporation of them. Important background information about this process is distributed through our internal website Insite and employees are among other things directly involved through questionnaires and team discussions. It is our intention to establish the Corporate Values in the organisation early in 2014.

PORTRAIT odfjell quarterly magazine

New Manager leads Odfjell in the PhilippinesBy Jennifer M. Franco, Information Officer, Manila

is an excellent platform for us to build on and continue to develop. We are fortunate enough to work for a company with a strong plan for growth, and for us in Maritime Personnel here in Manila it is very encouraging to be informed of newbuildings. This requires us to provide qualified, competent and motivated seafarers, and we aim high in this regard. Our ambition and vision is to be the obvious choice whenever Odfjell has a ship needing crew. This is an ambi-tion and vision that must be earned every day, and our efforts will be geared towards achieving this. The team here is capable of it. Lastly on this point, I am a big fan of speed and simplicity. The mantra is ‘as simple as we can, as complex as we must!’ In other words, we will of course ensure full compliance with all requirements, but within that framework we must aim to run our business in as simple a manner as possible. The prime focus will be on our seafarers: Their experience with us should be simple and efficient. Their time ashore is precious, and we should take as little of it as we must. Anything else would be disrespectful of us.

What are your personal strengths?– I love ideas! My door is always open to anyone who has an idea they want to discuss. In my experience, the solution to most of the chal-lenges we deal with already exists and is known to someone in the organisation. They may not be aware of this this themselves, but by talking and sharing thoughts and ideas, they begin to combine these and create solutions that were non-existent yesterday. I also put great empha-sis on organising, analysing and extracting

meanings and solutions. So in most situations I will ask for information, data and experiences, which can shine a light on the problem we are facing. I know I can be very demanding in this, but please bear with me – it is in general a good way to solve problems where we have the luxury of time. Where we do not have a lot of time, experience is normally the best guide and we have a very experienced team here to draw on. Apart from work, what are other activities you invest your time in?– When not attending to work, I have a multitude of things I invest time in: My family, my wife, my health, creating, cooking and reading to name but a few. With two children, aged 11 and 8, there are always things to do with them in the evenings and weekends. This can range from exploring here in the Philippines to reading a story or catching a movie.

Last but not least, I love learning! Today, we are looking at the dawn of a new era in education and training, in that web-based education is finally beginning to achieve some of the wilder dreams tossed around some years ago. A website like EdX - where Harvard, MIT, Berkeley and others provide free classes to all – is astounding. I’m right now taking a class from Harvard called ‘Science and Cooking: From Haute Cuisine to Soft Matter Science’. It may sound nerdy, but in my opinion it is a much better way to spend an evening than simply to watch TV. I encourage you all to try this.

On 1 October Odfjell in the Philippines (OiP) welcomed Carl Martin Faannessen as its new Owner’s Representative. Prior to his appointment as Owner’s Representative in Manila, Faannessen was Director of Global Business and Project Development of SN Power in Singapore. He previously worked with A.P. Møller-Maersk Group for 14 years, holding various senior level positions. His vast experience in corporate leadership has given him the opportunity to work in different countries, such as Norway, Denmark, Bangladesh, Hong Kong, China and Nepal.

Your professional experience has taken you to different countries and exposed you to various cultures. How do you think this will contribute to your leadership of Odfjell in the Philippines?– Hopefully it has made me more aware of the impact culture has on any business. What may be an acceptable and effective way of getting things done in, say, Hong Kong, may be neither as acceptable nor as effective in Norway or in the Philippines. I also believe that there are many things to learn from each and every culture, be that an ethnic culture or a company culture. My experience from different countries and companies will hopefully allow me to handle my responsibilities and conduct myself in a way that is both appropriate and effective. What will be your main focus in the coming months? Are there any specific areas that you will give priority to?– HSE awareness will underpin everything we do. We shoulder a heavy responsibility towards our seafarers, their families and our shore-based employees in terms of making them understand that HSE is not just words or PPE. It is a culture, a way of working. HSE is about them, their families, their colleagues and their friends. We all have the authority to say ‘STOP!’

Here in Manila we are already saying that the ultimate gift from us to the Company in connection with the 100 year anniversary next year is a year free from accidents. I think that would make our Senior Management, our Board and our Owners – indeed every one of us - very happy! Looking at the team here, I have come to the conclusion that we in the Philippines are strong, competent and credible. This goes for our seafarers as well as our office staff. This

Carl Martin Faannessen, Owner’s Representative at OiP

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Bartending-cum-dinner By Tang Peck See, Human Resource Manager, Singapore

A ‘cocktail mixing’ workshop-cum-dinner was organised at Marina Mandarin Hotel on 5 September 2013. The workshop began with an experienced bartender showing us the art of ‘cocktail mixing’, which was then followed by hands on experience of mixing ourselves! Of course, we had a taste of our own concoctions at the end of each mixing! For a number of us, it was the first time we had ever tried being a ‘bartender’. Team games were incorporated into the event and the fastest team who managed to find the right spirits for the cocktails emerged as the winning team. The evening ended with a lovely buffet dinner. Cocktail workshop – Cheers!

Odfjell supports the galveston Bay Foundation and ‘Bike Around the Bay’ 2013By Stuart Scott, Senior Project Manager, Houston

galveston Bay is both an important marine estuary and source of seafood, as well as home to one of the busiest ports in the United States, the Port of Houston. This delicate marine environment is vitally important to the Houston economy and deserves to be protected. The galveston Bay Foundation is a local non-profit organisation founded in 1987 to help preserve and protect the bay for generations to come. On 12 and 13 October a group of Odfjell employees gave up some of their time to support the galveston Bay Foundation and its worthy cause by participating and volunteering in the 2013 Bike Around the Bay charity ride.

The bike rideThe bike ride is a two-day cycling event that spans the outer reaches of the bay to a distance of about 288 km. The riders started at the north end of the bay on ‘Day 1’ and travelled through some of the unpopulated marshy areas on the east side of the bay for about 150 km and ended up in Galveston, Texas. On ‘Day 2’ the cyclists left Galveston Island and travelled up the west side of the bay, over the causeway, past Odfjell Terminals Houston along Port Road, over the Baytown bridge and ended up back at the starting point for a total distance of about 288 km.

A charity rideEach cyclist is required to pay an entry fee as well as raise a minimum of $150 in sponsorship money for the Galveston Bay Foundation. The

proceeds of the bike ride will benefit projects that preserve wetlands, protect natural habitat as well as enhance the water quality of the bay. Odfjell Terminals (Houston) (OTH) graciously covered these costs for the participants on the 2013 OTH Cycle Team.

What started as a gloomy day with threatening rain ended in bright sunshine at the finish line on the first day. All four Odfjell riders made it to the finish line at Moody Gardens on ‘Day 1’, although some required the assistance of the support vehicle, but we will not mention any names!

Supportive Odfjell volunteersAn event of this size requires a lot of planning and support, and a group of Odfjell volunteers got up early Saturday to work at the #4 Breakpoint by handing out drinks and snacks and cleaning up after the 1,000 or so riders.

‘Day 2’ started out with sore legs and other sore body parts, and it was only the ever-plucky Mel Pinks who was on track to finish the task for the OTH cycling team. He was well on his way to the finish line when mechanical problems on the Kemah Bridge sadly stopped him from completing the task.

The 2013 Odfjell Terminals Cycling Team. From left: Mel Pinks, Robert Magana, Thomas Sustaita and Stuart Scott. There is already talk of organising a larger OTH Cycling Team for next year’s ride, including new team uniforms, although the team has not agreed if the uniform will consist of kilts or not

Odfjell volunteers. From left: Jared Honeycutt, Matthew Russell, Robert Ruiz, Robin Eldridge, Robert Eldridge, Debbie Ritchie and Glenn Aycock. Not present in the picture was Arlene Adams

SEA AND SHORE odfjell quarterly magazine

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By Margrethe Gudbrandsen, Communication Manager, Bergen

The festive holidays are approaching and most of us are looking forward to enjoying a few relaxing days. However, despite the holiday period, for many Odfjell employees it will be ‘business as usual’ as the busi-ness continues to operate 24 hours a day, seven days a week, 365 days a year. We have caught up with some of our colleagues who make sure that our business continues to operate throughout the holiday season.

Serving our customers 24/7, 365 days a year

The sailorName: Jan FjeldstadPosition: Second Officer, Bow Flora How would you describe your role in keeping Odfjell in service 24/7/365: – One thing that is very special when working on board compared to a job ashore is that the work never stops. On board you are not able to go home and something can always happen.

If you are working on a typical holiday like for instance Christmas Eve or New Years Eve, what is it like working on this day and what is special about it? – Every sailor would rather be at home than on board on Christmas and New Year’s Eve. But this is a sailor’s life and we try to do our best to celebrate Christmas and the New Year. This is much easier during a sea voyage compared to operating in port. During port operations it is always busy, loading, unload-ing, tank cleaning, shifting etc. This makes it more difficult to gather crew. At sea it is easier to gather everybody so we can enjoy a good dinner together. The holiday is especially busy for the galley crew. A good dinner is definitely the most important thing that makes time on board during the holiday much easier. From left: Jan Fjeldstad with Messman Bandolf Aviary

The Terminal OperatorName: Jose FriasPosition: Assistant Control Room Operator

How would you describe your role in keeping Odfjell in service 24/7/365: – I help to keep Odfjell Terminals in service 24/7/365 by assist-ing operations from the control room with pressure and level monitoring during ship, tank to tank, rail car and truck transfers. I coordinate with surveyors to meet the customer’s

specific requirements such as product sampling or inhibitor levels. I also update information for customer service in TMS.

If you are working on a typical holiday like for instance Christmas Eve or New Years Eve, what is it like working on this day and what is special about it?– When it comes to work its business as usual. The only difference is in Christmas during lunch, it has been a tradi-tion for employees to bring their home cooked dishes for the rest of us to enjoy!

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Serving our customers 24/7, 365 days a year

The ICT SupporterName: Thommas EriksenPosition: System Administrator, ICT Department

How would you describe your role in keeping Odfjell in service 24/7/365:– In our team we have one week each where we are on call. This means that we are available 24/7, taking care of critical incidents and problems that might occur, locally and globally. This way we ensure that we can keep the Odfjell business systems available over weekends, holidays and outside office hours. To date we have over 700 proactive alarms that can trigger an alert to the person on duty 24/7.

If you are working on a typical holiday like for instance Christmas Eve or New Years Eve, what is it like working on this day and what is special about it? – For traditional office support these holidays might be calmer than other

days, because many employees are celebrating the holiday season with their families and friends. However it does not mean that we do not have to stay alert because in Odfjell there is always someone at work either in an office, on a terminal or one of our ships. Should the IT system stop on Christmas Eve, it is critical for our busi-ness and customers that we resolve the issue within the agreed service levels. Unfortunately the holiday season is also a period where we have to be extra vigilant to protect and react towards ICT security threats, as we experience that these often coincide with periods where offices are closed. Finally we have proactive checklists that must be completed, checking system health, backups and any warnings. This must be completed twice a day every day, regardless of public holiday.

The Ship OperatorName: Hildegunn Valle StautlandPosition: Ship Operator

How would you describe your role in keeping Odfjell in service 24/7/365: – When choosing to work as Ship Operator, you learn that this is not a 9-5 job, it becomes a way of life, and a good portion of flexibility may be required. This affects not only yourself, but also your lifestyle. 24 hours work period and the time differences means you have to be prepared for requests and approaches at all times.

If you are working on a typical holiday like for instance Christmas Eve or New Years Eve, what is it like working on this day and what is special about it? –– Good planning is always necessary and prior to Christmas this is even more important. Nevertheless changes may occur, and you need to be prepared to engage even though all the Christmas gifts may not yet have been opened! So I approach the holiday season armed with laptop, Ipad and mobile phone.

From left: Jan Fjeldstad with Messman Bandolf Aviary

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Children’s design competitionBy Margrethe Gudbrandsen, Communication Manager, Bergen

As part of our 100 years anniversary in 2014, we would like to invite children between 3-18 years of our employees to take part in a design competition and submit a draw-ing to us. The best drawings will be used to decorate two of our four newbuildings delivered next year.

An independent artist will select the best drawings from all the entrees and lucky winners will have their designs used to decorate the newbuildings. The artist will also choose the best designs from one boy and one girl between the ages of 10 -15 year and they will both be asked to be the honoured guests during the naming ceremony of two of the newbuildings in June in Korea next year.

CriteriaPlease follow these guidelines before submit-ting your drawings:•Theoverallthemeforyourdesignisyourlocalmaritime surroundings•Thedesignneedstobesubmittedonpaperthat is either 140 gram or above 200 gram (if using water) acid resistant paper in A3 size.

•Useaquarellecolourpencils(sun-resistantand waterproof) oil pastel pencils or soft pastel. •Onlyonedrawingperchildcanbesubmitted

Paper will be available from the various loca-tions listed below and via the noted contact. Employees based at other locations will need to make other arrangements to collect paper. Bergen – Unni MelingHouston - Blanche TarwaterRotterdam - Bianca Goené-HanswijkSingapore – MariaManila – Jennifer Franco

The competition entries must be submitted to one of the above-mentioned locations by 1 March 2014. Please make sure you state the childs name, age and sex on an accompanying note with the drawing.

100 Odfjell moments By Margrethe Gudbrandsen, Communication Manager, Bergen

As part of our 100 year celebrations in 2014, we would like to invite all our employees to share their favourite Odfjell moments with colleagues worldwide.

All of the Odfjell ‘moments’ submitted will be published on Insite during the year. The best Odfjell moments each Quarter will be presented in each edition of Quarterly. Those selected to be the included in Quarterly will receive some small tokens of appreciation. Your Odfjell moment can be everything you relate to Odfjell; sea, vessels, terminals, working equipment, office, daily life, Odfjell mug, colleagues etc. This activity will proceed throughout the year.

Please also remember that safety is our first priority so ensure you take the necessary safety precautions when taking photographs. Check with your superior in order to famil-iarise yourself with the relevant procedures/safety regulations for photography on board or ashore.

Please submit your Odfjell moments to: [email protected]

Photo by Rhannel Alaba

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IN SOCIETY odfjell quarterly magazine

Volunteering in new HavenBy Jennifer Franco, Information Officer, Manila

Following the alleged MARPOL viola-tion of Bow Lind in the US November last year, 11 Odfjell sailors remained in New Haven, Connecticut to participate in the investigation. Since the begin-ning of the probe, three sailors have been permitted to go back home to the Philippines and resume their work on board vessels. Today, eight sailors are still in the US, away from their families and colleagues, for this investigation.

Despite the uncertainty surrounding the situation, the seafarers in New Haven have transformed the negativity into positivity by volunteering in various outreach activi-ties in their new community in the US.

Involving in charity workThe Odfjell crew in New Haven has during this time been strongly involved in charity work and community outreach activities of the Philippine American Association

in Connecticut (PAAC). Through their regular participation in the activities of the PAAC, they have adjusted well to their new community in New Haven. - Volunteering has reminded us that our small efforts can bring hope to the needy in our new community, shared Third Engineer Roy Samudio.

Organising the Easter Egg Hunt for the children in their New Haven community

Odfjell working in cooperation with FAIRBy Margrethe Gudbrandsen, Communication Manager, Bergen

Odfjell has signed an agreement with the organisation FAIR for reuse of PC equipment from the Bergen office no longer in use. Through the agreement our surplus PCs are used for the benefit of pupils in developing countries.

All excess PC equipment will be collected at the headquarters in Bergen where data is securely removed before the equipment is sent to schools in developing countries.We also have a process in place for final recycling: FAIR will collect the PCs and

return them to Norway for recycling in an environmentally sound way.

FAIR is the only humanitarian organisation in the Nordic countries that works to aid school children in developing countries to learn ICT skills. Their work contributes to introducing the digital world to these children.

This initiative comes as a consequence of our commitment to United Nations’ Global Compact.

FAIR has delivered 3500 PCs to 80 of 120 high schools in Eritrea

UN Global Compact Logo


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CUSTOMERS odfjell quarterly magazine

customer visit on Bow SeaBy Petter Maasoe, Commercial Manager, OT Houston

During the annual inventory audit of Odfjell Terminals (Houston) (OTH) this autumn, three employees from Eastman Chemical in kingsport, Tennessee had the opportunity to visit Bow Sea who conducted Eastman cargo operations at OTH wharf 2.

The ‘cool front’ that had hit Houston just days before their arrival, made for a beautiful, clear and pleasant day, ideal conditions for investigating the surrounding area, climbing shore tanks and exploring the vessel. A welcomed change from the usual oppressive heat and humidity of Tennessee.Beth Jones, David Williams and Jeremy Walker were welcomed by Captain Arne Hansen. From

the deck to the bridge, Captain Hansen gave a tour of the vessel, which was in impeccable condition.

On behalf of Odfjell Houston, we would like to thank Captain Hansen and his crew for taking time out of their busy schedule to show off this beautiful 2006 built vessel.

The bridge of the vessel carries spectacular views and being able to take the Captain’s seat in the wheelhouse always makes for a nice picture, as well as seeing both the vessel operations and shore activity. From left: Beth Jones, Captain Arne Hansen and David Williams

Odfjell Tankers receives LyondellBasell Excellence AwardBy Jakob Sørhus, VP Chartering, Odfjell Houston

Morten Nystad, SVP Odfjell Tankers, Bergen and Jakob Sørhus, VP Chartering, Odfjell Houston represented Odfjell at the second annual LyondellBasell Logistics Service Provider Safety Conference on 31 October, at the Four Seasons Hotel in Houston, Texas. ‘Leadership and Ownership at All Levels’ was the theme of the conference.

LyondellBasell has named their Quality & Safety Programme– GoalZERO. This programme goes throughout the entire organisation and way beyond. It is a prerequisite that any vendor or service provider engaged in business or services with LyondellBasell has the same GoalZERO culture and attitude. Odfjell has Roadmap to Operational Excellence, same pro-gramme and same message; ZERO tolerance.

Odfjell Tankers has worked diligently with LyondellBasell to increase our business portfo-lio and we have made significant achievements to change conventional wisdom in the modus operendi of Propylene Oxide (PO).

Morten Nystad received LyondellBasell – GoalZERO Excellence Award on behalf of Odfjell Tankers. This award is shared with

From right: Jim Gallogly, CEO LyondellBasell, Jakob Sørhus, SVP Odfjell Tankers, Morten Nystad, VP Chartering, Odfjell Houston and Sam L. Smolik, VP HSE & Operational Excellence

everyone throughout the Odfjell organisation.

In LyondellBasell’s own words: - Achieving GoalZERO comes through disciplined approach and attention to detail in all aspects of our work. It can only be achieved by solid

teamwork – holding each other accountable and helping each other to be successful.

Congratulations to all and keep up the good GoalZERO teamwork.

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25 years with OdfjellOn the evening of 18 September 2013, a celebration dinner took place at Restaurant Potetkjelleren for employees, together with their spouses, who have been working for Odfjell for 25 years at the Bergen office. We thank them all for their long and faithful service to Odfjell.

Back from left; Jan Hammer (President/CEO) and Olav Næss.

Front from left; Toralf Sørenes, Inga Berit Rongevær and Geir Bjørndalen

Odfjell honours 13 loyal sailors for 25 years of serviceBy Jennifer Franco, Information Officer, Manila

In a dinner and awards ceremony on 24 October at Traders Hotel Manila, Odfjell awarded 13 loyal seafarers for their 25 years of service to the Company.

The ceremony began with an inspirational message from the Executive Chairman of the

Board of Odfjell SE Laurence Odfjell. In his speech, the Chairman praised the awardees for their valuable contribution to the Company and acknowledged all the wives for their con-tinuous support to their husbands' careers. As tribute to the wives, the heroes behind the success of the awardees, Clarita Hamtig

delivered a message honouring the roles of a seafarer's wife. Captain Pedro Liporada then gave a speech of gratitude on behalf of the awardees.

Congratulations to all awardees!

Laurence Odfjell, together with Vice President of Maritime Personnel Section, Tore Henriksen, Owner's Representative in the Philippines and Carl Martin Faannessen, presented the certificates and tokens of appreciation to the following awardees: Isagani Eustaquio, Carlito Ganancial, Genie Hembra, Reynaldo Lerion, Pedro Liporada, Alexander Madriaga, Jose Labrador Oblefias, Agapito Ocsan, Pablito Porte, Vicente Ray Ramos, Benedicto Robedillo, Valeriano Tungal and Manuel Visperas

Sudesh kamath - Celebrating 25 years of service On 19 June 2013 Sudesh Kamath reached 25 years of service with Odfjell India. The exemplary services of Sudesh Kamath and the Odfjell India team were honoured by Odfjell Bergen at a specially arranged dinner on 28 August in Mumbai.

We thank Sudesh for his long and faithful service to Odfjell.

Morten Nystad and Hans Christian Rabben travelled to Mumbai to congratulate and celebrate Sudesh's 25th anniversary with the Company. Sudesh’s family also joined in the celebrations

PERSONNEL odfjell quarterly magazine


PERSONNEL odfjell quarterly magazine

Lars Morten Bjørneberg VP Financial Control02.09.13

Henk TingaProject leader 01.09.13

Karianna SkårShip Operator Trainee16.09.13

Kathinka AksdalClaims Handler/ Legal Advisor01.11.13

Anneloes de Ruigh Business Analyst 01.09.13

Robert Westerholt Project Controller 01.09.13

Hack Walenkamp Purchaser 01.10.13

André Ommedal Financial Assistant16.09.13

Hege M.K.Christensen Personnel Coordinator01.10.13

Ørjan Myklebust Controller 01.09.13

Steffen Bentzen Ship Operator Trainee01.09.13

BERgEN

HOUSTON

NEW HIRES

MANILA

ROTTERDAM

Princess Eidref Roselyn Banzon Accounting Assistant 01.10.13

Nicole Gerard R.Figuracion Procurement Officer 23.10.13

CHARLESTON

Regina Loftin Customer Service/Inventory Analyst12.08.13

Clint Cockfield Operator 14.10.13

Gary Fields HSE Manager01.10.13

Michelle Walters Office Administrative Assistant01.10.13

Jonathan Abner Rail Crew23.09.13

Anthony VictorainICT Project Manager14.10.13

Ryan Goines Rail Crew23.09.13

Corintha Thomas-JeterCustomer Service Representative06.05.2013

FLUMAR

Gabriel De Oliveira StroppaSystem Administrator02.09.13

Jesus Ferreira AlexanderAccountingJr. Analyst01.10.13

Kevin GrindlandDemurrage Analyst 11.11.13

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Vebjørn Lid Senior Ship Operator01.11.13

Frederico Thomas JustinijanovicReceptionist 02.09.13

ARgENTINA

Kim Kara P. Cuevas Crewing Assistant 23.10.13

Fredrik Larsen Competence ManagerFrom Singapore to Bergen01.10.13

Andreas Lillejord Ship BrokerFrom Bergen to Dubai17.11.13

BERgEN

RELOCATIONS

SINgAPORE

Serene Koh Accounts Executive 23.09.13

HOuSTON

John Williams LPG Operator

19.09.88

Floyd Ford

Superintendent Special Projects

08.08.88

Clyde Sepulvado jr

IT Application Specialist

05.08.88

25 YEARS

30 YEARS

HOuSTON

Clayton Sharver Superintendent Special Projects

29.12.83

Michael Straight LPG Operator

26.12.83

35 YEARS

40 YEARS

ROTTERDAM

Emil Bruin

02.10.78

ROTTERDAM

Geradus Pieter Frerichs

15.10.73

In memory of Roberto Pamplona SeracIt is with deep regret we have to inform that Chief Officer Roberto Pamplona Serac suddenly passed away after suffering a suspected heart attack on board Bow Master on 16 October.

Chief Officer Roberto Serac started in Odfjell as an Able Seaman in 1996. Since 2011, he held the position as Chief Officer. Our thoughts are with his family and friends for the loss they have suffered.

In memory of John Robert Catoto Arsenal It is with deep regret we have to inform that Junior 3rd Officer Arsenal, John Robert Catoto was lost at sea on 18 September 2013 while Bow Victor was passing through the Persian Gulf.

John Robert was a scholar under the Odfjell Cadetship Programme.

He started as a Deck Cadet on board Bow Victor in 2010. Since May 2013, he held the position as Junior 3rd Officer. Our thoughts are with his family and friends for the loss they have suffered.

In memory of Lito gadugdug SallomanIt is with deep regret we have to inform that Able Seaman Lito Gadugdug Salloman passed away on 23 November 2013 after suffering from Multiple Organ System Failure.

Able Seaman Lito Sallorman first

sailed with Odfjell as an Ordinary Seaman in 2003. Since 2005, he held the position of Able Seaman. Our thoughts are with his family and friends for the loss they have suffered.

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FLEET & TERMINALS odfjell quarterly magazine

as per 9 december 2013

TIME CHARTERED/POOL YEAR STAINLESS NUMBER SHIP BUILT DWT CBM STEEL, CBM OF TANkS

UACC Messila 2012 45 352 52 256 - 22 UACC Masafi 2012 45 352 52 565 - 22 Chemroad Hope 2011 33 552 37 161 37 161 18 SG Pegasus 2011 13 086 14 523 14 523 16 Southern Koala 2010 21 290 20 008 20 008 20 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 Kiso 2008 33 641 37 974 37 974 16 Bow Heron 2008 33 707 37 365 37 365 16 Celsius Mayfair 2007 19 999 21 714 21 714 20 Bow Fuji 2006 19 805 22 140 22 140 22 Celsius Manhattan 2006 19 807 22 143 22 143 22 Crystal Topaz³ 2006 11 340 11 870 11 870 20 Crystal Diamond³ 2006 11 340 11 870 11 870 20 Moyra 2005 19 806 22 838 22 838 18 Bow Sky² 2005 40 005 52 126 52 126 40 Bow Architect 2005 30 058 36 290 36 290 28 Celcius Monaco 2005 19 999 21 851 21 851 22 Chembulk Sydney 2005 14 271 16 571 16 571 20 Golden Top 2004 12 705 13 388 13 388 22 Chembulk Wellington 2004 14 312 15 591 15 591 20 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 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 Bow Eagle 1988 24 728 32 347 19 662 25 JBU Sapphire³ 2009 19 860 22 144 22 144 16 JBU Opal³ 2009 19 865 22 129 22 129 16 JBU Onyx³ 2008 19 865 21 712 21 712 16

COMMERCIAL YEAR STAINLESS NUMBER MANAgEMENT 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 24 Number of ships: 84 2 179 060 2 439 093 1 980 683 2 336

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

CHEMICAL TANkERS OWNED YEAR STAINLESS NUMBER SHIP BUILT DWT CBM STEEL, CBM OF TANkS

LPg/ETHYLENECARRIERS OWNED

YEAR NUMBERSHIP BUILT DWT CBM TYPE OF TANkSBow Gallant 2 008 10 282 8 922 LPG/Ethylene 2 Bow Guardian 2 008 10 282 8 922 LPG/Ethylene 2

Bow Pioneer 2013 75 000 86 000 - 30 Bow Nangang 2013 9 156 10 523 10 523 14 Bow Dalian 2012 9 156 10 523 10 523 14 Bow Fuling 2012 9 156 10 523 10 523 14 Bow Lind 2011 46 047 48 698 - 29 Bow Elm 2011 46 098 48 698 - 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 Bow Engineer 2006 30 086 36 274 36 274 28 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 Condor 2000 16 121 17 622 17 622 30 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 Victor 1986 33 000 34 500 21 975 31

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TIME CHARTERED/POOL YEAR STAINLESS NUMBER SHIP BUILT DWT CBM STEEL, CBM OF TANkS

UACC Messila 2012 45 352 52 256 - 22 UACC Masafi 2012 45 352 52 565 - 22 Chemroad Hope 2011 33 552 37 161 37 161 18 SG Pegasus 2011 13 086 14 523 14 523 16 Southern Koala 2010 21 290 20 008 20 008 20 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 Kiso 2008 33 641 37 974 37 974 16 Bow Heron 2008 33 707 37 365 37 365 16 Celsius Mayfair 2007 19 999 21 714 21 714 20 Bow Fuji 2006 19 805 22 140 22 140 22 Celsius Manhattan 2006 19 807 22 143 22 143 22 Crystal Topaz³ 2006 11 340 11 870 11 870 20 Crystal Diamond³ 2006 11 340 11 870 11 870 20 Moyra 2005 19 806 22 838 22 838 18 Bow Sky² 2005 40 005 52 126 52 126 40 Bow Architect 2005 30 058 36 290 36 290 28 Celcius Monaco 2005 19 999 21 851 21 851 22 Chembulk Sydney 2005 14 271 16 571 16 571 20 Golden Top 2004 12 705 13 388 13 388 22 Chembulk Wellington 2004 14 312 15 591 15 591 20 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 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 Bow Eagle 1988 24 728 32 347 19 662 25 JBU Sapphire³ 2009 19 860 22 144 22 144 16 JBU Opal³ 2009 19 865 22 129 22 129 16 JBU Onyx³ 2008 19 865 21 712 21 712 16

COMMERCIAL YEAR STAINLESS NUMBER MANAgEMENT 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 24 Number of ships: 84 2 179 060 2 439 093 1 980 683 2 336

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

STAINLESS NUMBER TANk TERMINALS LOCATION OWNERSHIP**) 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 % 331 334 82 033 100 Odfjell Terminals (Jiangyin) Co Ltd Jiangyin, China 28.05 % 99 800 30 000 22 Odfjell Terminals (Dalian) Ltd Dalian, China 25.5 % 119 750 18 350 51 Odfjell Terminals (Korea) Co Ltd Onsan, Korea 25.5 % 313 710 15 860 85 Oiltanking Odfjell Terminal Singapore Ltd Singapore 25.5 % 365 051 13 520 79 Oiltanking Odfjell Terminal & Co. LLC Sohar, Oman 15.17 % 1 294 780 - 66 Noord Natie Odfjell Terminals Antwerp, Belgium 12.75% 296 780 50 800 230 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 terminals 10 terminals 4 550 355 252 113 971

STAINLESS ESTIMATEDPROJECTS AND EXPANSIONS LOCATION OWNERSHIP**) CBM STEEL CBM COMPLETION Odfjell Terminals (Charleston) LLC Charleston, USA 51 % 79 491 - Q4 2013 Odfjell Nangang Terminals (Tianjin) Co.,Ltd Tianjin, China 24.99% 145 000 7 000 Q3 2014 Noord Natie Odfjell Terminals Antwerp, Belgium 12.5% 50 000 - Q4 2013/Q1 2014 Odfjell Terminals (Houston) Inc Houston, USA 51 % 30 800 30 800 Q2 2014 Oiltanking Odfjell Terminal Singapore Ltd Singapore 25.5 % 12 000 0 Q1 2015 Odfjell Terminals (Quanzhou) Fujian Fujian, China 25.5% 184 000 - Q1 2016

Total expansion terminals 3 new terminals 501 291 37 800

TANk TERMINALS STAINLESS NUMBERPARTLY OWNED BY RELATED PARTIES*) LOCATION CBM STEEL CBM OF TANkS

Depositos Quimicos Mineros S.A. Callao, Peru 52 980 1 600 43 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 I, Brazil 75 710 - 35 Granel Quimica Ltda Ladario, Brazil 8 060 - 6 Granel Quimica Ltda Triunfo, Brazil 12 030 - 2 Granel Quimica Ltda Teresina, Brazil 7 640 - 6 Odfjell Terminals Tagsa S.A Buenos Aires, Argentina 38 826 530 56 Odfjell Terminals Tagsa S.A. Campana, Argentina 68 580 10 190 102 Terquim S.A. San Antonio, Chile 32 840 - 25 Terquim S.A. Mejillones, Chile 16 870 - 7 IMTT-Quebec Quebec, Canada 293 130 5 500 53 Total tank terminals partly owned by related parties 12 terminals 765 536 40 600 466

PROJECTS AND EXPANSIONS PARTLY OWNED BY RELATED PARTIES*) LOCATION CBM COMPLETION

Granel Quimica Ltda Aracruz, Brazil 30 000 - ready Q3 2015 Granel Quimica Ltda Santos II, Brazil 52 000 - ready Q4 2015 Granel Quimica Ltda Sao Luis II, Brazil 52 750 - ready Q3 2014 Terquim S.A. Mejillones, Chile 50 000 - ready Q3 2015 Granel Quimica Ltda Palmas, Brazil 10 000 - ready Q2 2014 Total expansion terminals partly owned by related parties 4 new terminals 194 750 -

Grand total (incl. related tank terminals partly owned by related parties) 22 terminals 5 315 891 292 713

*) Tank terminals and projects partly owned by Odfjell family. **) Odfjell SE's indirect ownership share

ON ORDER:CHEMICAL TANkERS YARD DELIVERY DWT OWNER COMMENTS

Hyundai Mipo Dockyard., Ltd 2014 46 000 Odfjell " 2014 46 000 Odfjell " 2014 46 000 Odfjell " 2014 46 000 Odfjell

Number of newbuildings: 4 184 000

LPg/ETHYLENE CARRIERS YARD DELIVERY CBM OWNER COMMENTS

Nantong Sinopacific Offshore & Engineering Co., Ltd 2015 17000 Odfjell Optional 2+2 " 2015 17000 Odfjell " 2016 17000 Odfjell " 2016 17000 Odfjell

Number of newbuildings: 4

MAIN OFFICE ODFJELL

Odfjell Se - Odfjell Tankers AS - Odfjell Gas ASconrad mohrsv. 29, P.o. Box 6101 Postterminalen5892 Bergen, norwaytel: +47 5527 0000fax: +47 5528 4741fax: +47 5527 9070 (chartering/operations)

MAIN OFFICE DIVISIONS

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

Odfjell USA (Houston) Inc.13100 Space center Blvd.Suite 600, Houston, tX 77059, uSatel: +1 713 844 2200fax: +1 713 844 2211

Odfjell Singapore Pte Ltd6 Shenton way, # 27-08/09 oue downtown 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 b.V.oude 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 Shinmunnojongno-gu, Seoul, 110-999 SoutH Koreatel: +82 2 775 9760fax: +82 2 775 9761

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

Odfjell Chile LTDArosario norte 100, office 304las condesSantiagocHiletel: +56 2 2294700

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

Odfjell middle east JLT, Dubaiunits no, 2402 - 2404 Platinum towerjumeirah lake towersP.o.Box 75450, dubaiunited arab emiratestel: +971 4 426 9700fax: +971 4 426 9701

INTERNATIONAL OFFICES

Odfjell Singapore Pte Ltd6 Shenton way, # 27-08/09 oue downtown 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 (Houston) Inc.12211 Port roadSeabrook, tX 77586, uSatel: +1 713 844 2300fax: +1 713 844 2355

Odfjell Terminals (Charleston) LLC1003 east montague avenueP.o.Box 62589 north charleston, South carolina 29405, uSa

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

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

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

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

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

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

Odfjell Terminals Quanzhou (Fujian) CO., LTD3rd floor, Xingtong Shipping tower, 6th Port St east, quangang district, quanzhou, fujian Province, 362800 P.r. china

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.Amolo Sur S/nP.o.Box no 148, 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


DeCember 2013...By marco Soeters, team leader oet, otr The Competence Development Group has recently...

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