Quarterly September 2010
Transcription
Quarterly September 2010
ODFJELL SEPTEMBER 2010 www.odfjell.com Odfjell Quarterly EDITOR: Margrethe Gudbrandsen EDITORIAL COMMITTEE: Ellen Skagen, Brit A. Bennett, Matt Duke, Siri-Anne Mjåtvedt, Helge Olsen, Marit Beate Simonsen, Theo Kruithof CORRESPONDENTS: SINGAPORE: Atle Knudsen HOUSTON: Rebecca Snyder Deadline next issue: November 10th, 2010 Design: Bruno Blanchard, Cox Graphic production: Ilana Landro Pinker, Cox Print: Scanner Grafisk Cover: The winner of the photo contest 2010 is Francis Benitez with this picture of Bow Faith during drydock in Bahrain. Fire fighting training at DQM Callao, Peru, taken by Bruce Clark. Controbution to the photo competition. Texts submitted to Quarterly may be subject to editorial adjustments. CONTENTS Highlights Bow Saga fended off pirate attack 04 Chairman’s Message 07 Landmarks Odfjell orders large chemical tankers at Daewoo 08 No improvement in the 2nd quarter 2010 results 09 Communicator –The new way to communicate 10 Briefings Odfjell Academy programme 13 The ICT systems renewal programme 14 QHSE on the agenda Fire at Odfjell Terminals (Dalian)’s neighbouring crude oil terminal 18 Course to improve event handling 19 Sea and shore OTJ team building field trip 21 Fabulous photos 23 Cycle to work campaign 25 In society Help from one Odfjell operation to another 27 Personnel 28-29 Fleet and terminals 30 Offices and addresses 32 ODFJELL QUARTERLY magazine Dear Colleagues, As far as being able to “survive” the issue is that we do not want to end up in a situation where we are in breach of the terms of our loan agreements, which have specific requirements both to our equity ratio and cash holding. Being in breach of our loan agreements represents a situation we want to avoid since it means that we will have to spend valuable management time discussing with our banks and bond holders how to rectify the situation. The outcome of such negotiations is unpredictable, but will certainly be expensive in the form of higher cost of interest. As the situation is today our equity ratio is less of a concern than is our cash situation. With a cash flow as we have seen it during recent months, we are uncomfortable and for that reason obviously are in the process of taking proper action. You can rest assured therefore, that this has our highest attention, and that different measures are in progress to improve our cash position. It is interesting that the question has been raised as to whether we are taking necessary action in order to deal with a very weak market and difficult conditions in general. The answer is yes. But I think the question is equally interesting the other way around; namely if you have taken action and are contributing to cost savings, higher efficiency, better quality and less waste in your position and/or field of responsibility. I hope you have, because our business requires teamwork with high importance of details, which means that everybody’s contribution and attitude make a difference. Despite the presentation of our weak results, which certainly got media’s attention, a bigger and more dramatic event recently is the piracy attack August 3 on Bow Saga. Needless to say I am utterly relieved that nobody was injured and the pirates did not succeed in getting on board our vessel. I want in this context, to convey great “thank you very much” to the entire crew on Bow Saga. Your response was cool and you handled the situation in a very professional manner. Without your brave attitude and skills, the event could easily have ended in a dramatic and dangerous hostage situation. The attack has led to a renewed and stronger focus on the issue of piracy. One topic is the question about the potential use of armed guards. That is under investigation and consideration with the aim to make a decision in October. Another issue is the fact that the pirates were released just shortly after being captured as they were trying to escape after the unsuccessful attack on Bow Saga, which as flying Norwegian flag represents a piece of Norway. We have therefore expressed great disappointment and indignation to representatives of the Norwegian Ministry of Foreign Affairs, and have asked also for an explanation as to why and how this could happen. Our concern is if there are no consequences for pirates caught in the hostile act, then where is the deterrent against future attacks on civilian seafarers? So far we have received no proper answer. We also got involved in a dramatic terminal event this summer; the explosion and fire July 16 at our neighbouring facility in Dalian. The fire and its consequences could have been much worse both for OTD and in total if our response had not been both quick and correct. So I’m happy also herein to convey a well deserved “thank you very much” note to OTD’s Shift A. On a final note I obviously hope that the fall will see an improvement of the markets in which we operate. The gap between supply and demand is gradually diminishing – which means that we should be moving in the right direction. So there is hope, the main “problem” being that it may take some time. In the meantime, we all just have to do best possible. I hope we can count with you and your contributions! 04 21 18 20 NR.03/ 10 Jan A. Hammer Last month we released our second quarter results, which I think you all have noticed was disappointing and worse than you probably expected as we saw negative variances on many fronts. In our comments both to the stock market and internally, we found it necessary to highlight the fact that under current circumstances, the chemical tanker business is just not sustainable. After the presentations we have received questions related to that particular statement, one being for how long we will be able to “survive” if things do not get better, and another one if we, top management, have the situation under control? 3 highlights ODFJELL QUARTERLY magazine Bow Saga fended off pirate attack - did everything correct By Helge Olsen, Toralf Sørenes and Amanda Aksnes Early morning Tuesday 3 August, while proceeding westbound through the International Recommended Transit Corridor (IRCT) in the Gulf of Aden, MT Bow Saga was attacked by a skiff with six persons firing shots at the superstructure and the bridge. Before and during the attack Bow Saga adopted best management practice security measures including evasive maneuvering and the pirates aborted their attack. 4 No warning shots were fired, the pirates immediately directed fire from automatic weapons against the watchmen, the accommodation and the bridge. This resulted in a broken bridge window, a pierced fire line and several bullet marks on the superstructure. In the early morning when the attack Broken bridge window Facts: The MT Bow Saga is of 40 085 DWT and built in 2007. She is flying Norwegian flag and the 29 crewmembers were all Filipinos. Captain Luisito G. Cantona by the window that was hit when the pirates fired at the bridge w w w . odfjell . com Well performed The Master and the crew performed excellent during the attack and according to procedures and training. The Master’s main concern and focus during the attack was to maintain his pre-set security measures: keep the crew away from pirate fire, maintain max speed, use water flooding and other means to avoid boarding and keep accommodation “locked and blocked” to delay pirates in reaching the bridge. Luckily, no one was physically injured during the attack, but the crew was of course shaken by the attack and the pirates’ total lack of respect for human lives. Visit to Bow Saga Odfjell’s Welfare Officer, Amanda Aksnes, Head of Ship Management, Helge Olsen NR.03/ 10 took place, there was one watchman on each bridge-wing and one aft of the bridge patrolling from side to side, all with protective clothing and binoculars. They had monitored what seemed to be an innocent skiff with two persons on board for some time, when suddenly four additional persons popped up from the bottom of the skiff. These four persons immediately opened fire at the watchmen who headed for the bridge and shelter as quickly as they could. A bullet just missed one of them as he passed the door opening on his way into the bridge. The Bow Saga acted in accordance with her procedures and started fire-pumps, increased to max speed, took evasive maneuvers and routed all crew not needed on the bridge or in the engine control room (ECR) to a prededicated safe place. All crew not involved in watch service were inside the accommodation and had been briefed in evacuation prior to entering the high risk area. Coalition forces were alerted and dispatched a helicopter from the Spanish warship Victoria. The attack was, however, aborted before the helicopter arrived. 5 Map of area for the piracy attack of Bow Saga and VP Risk Management Toralf Sørenes boarded Bow Saga in Livorno, Italy Tuesday 17 August. The main purpose of the visit was to carry out a debriefing of the crew. The visit also served to provide head office represenatives with on board experience and a better understanding of what really happened during the pirate attack. It also gave an opportunity for the crew to address areas of interest and concerns. Bow Saga sailed from Livorno in the morning 18 August and when out at sea, Captain Cantona organized a general meeting with the crew. In addition to the detailed debriefing of the piracy attack the crew was invited to present questions, comments or special issues of interest which was addressed at a separate general meeting. The crew was therefore provided with support, such as psychological debriefing and critical incident stress management, to avoid delayed negative reactions. The stress management was divided into two parts. The first part of the stress management and debriefing was arranged during Bow Saga’s port call in Malta. A catholic priest held a thanksgivings mass on board, and also blessed the ship. There was also a possibility for the crew to talk to the priest about their experiences during the attack. Follow up – debriefing and critical incident stress management The second part of the debriefing and stress management was arranged as sessions with crew members and focused on the well-being of the crew. The intent of the debriefing and stress management was to address and respond to the potential emotional and psychological consequences and put such an event in perspective The pirate attack affected not only those who were on the bridge directly involved in the attack, but everybody on board; they all experienced emotional reactions of some kind. During the sessions the crew was very open about their experiences, reactions and feelings both during and after the attack. But, as one would imagine, they were clearly affect- odfjell quarterl y maga z ine highlights ODFJELL QUARTERLY magazine 6 Bow Saga’s officers and crew together with Toralf Sørenes, Helge Olsen and Amanda Aksnes Odfjell-related pirate attacks Bow Asir Bow Asir, on time charter to Odfjell, was taken by Somali pirates outside the coast of Kenya on the 26 March 2009. She was released by the pirates 10 April 2009. The crew were treated relatively well by the pirates, had sufficient food and water, and were allowed to carry on their routine work on board. They were also allowed to make personal phone calls to their families and to sleep in their own cabins. Multitank Badenia M/V Multitank Badenia, on time charter for Odfjell, was unsuccessfully attacked by pirates outside Bonny River (Nigeria) 2 April 2009. No crew members were injured during the attack. Bow Cedar M/T Bow Cedar was attacked by pirates 29 September 2008, east of Aden. However, Bow Cedar was well prepared and consequently the attack was abandoned. ed by such an experience. Further follow up of the crew will be done when needed. ernments to take stronger actions against piracy. How to prevent and protect in the future Finally it was heartening to see that Bow Saga and its crew are in a very good shape. Together with the Master, Helge Olsen and Toralf Sørenes reviewed our present security procedures and systems and some changes were suggested. We decided to further review these at the upcoming Officers Conferences. New and more substantial measures like use of armed protection were also discussed and Odfjell has asked for the Flag States position on the issue. Previous experience tells that pirates go for soft targets and quickly abort an attack on a ship that is on high alert and well prepared. The attack on Bow Saga supports this assertion. Well done but what about the way ahead to protect against piracy? The piracy attack was professionally and bravely handled thanks to Captain Cantona, his officers and crew. However the fact that the pirates were caught red-handed after shooting at our crew and shortly after released is a blow to efforts that shall ensure that pirates are prosecuted. Odfjell will use this incident to step up the pressure on govw w w . odfjell . com Captain Luisito G. Cantona explaining Toralf Sørenes about the attack chairman’s message ODFJELL QUARTERLY magazine Odfjell – Part of a Nation’s History and Tradition On 24 August Odfjell participated at the Norwegian Shipowners’ Association (NSA)’s traditional annual dinner with the Ministry of Foreign Affairs, and as always a great number of Norway’s ambassadors were present. Before dinner, the participants were gathered in the main assembly room covered by the portraits of many illustrious past presidents of the NSA. I particularly felt the weight of history and tradition under the tight gaze of my great grandfather Fredrik Odfjell, who was president during the years 1933-1936. As I was listening to the presentations and discussions, I was again reminded of the importance of Norway as a shipping nation. It also struck me how many of our country’s shipping companies have led the way in our industry in the long process of improving safety, health and environmental standards at sea. So, if our politicians want to contribute to improved standards across the globe, they should please appreciate that our Norwegian shipping companies, together with the many associated institutions, maritime service companies and clusters of competence, can remain one of the most effective vehicles for promotion of such standards. Our ships have a reach way beyond the borders of our relatively small footprint and population. For Odfjell, our continued domicile in Norway has certainly been challenged over the recent years. Latest in the second quarter results we booked a tax cost of USD 42 million related to the Norwegian tonnage system. Given the weak freight market, this could not have come at a worse time, but we trust this is the last adjustment in our accounts in this respect. When the Government introduced new tonnage tax rules in 2007, we had to book a tax cost of USD 140 million. Following the ruling by the Norwegian Supreme Court that the rules were unconstitutional, and therefore illegal, the tax cost was reversed in the 2009-accounts. Finally, in 2010, the Government introduced an adjusted system whereby a company may elect to enter the new system by paying what, effectively, is an exit fee from the old system. As you can imagine from the above synthesis, the Norwegian tonnage tax rules have caused a rollercoaster effect in our net results over the last few years and has absorbed unnecessary top management attention. However, after due deliberation in the Board, we decided to enter the new tonnage system. Likewise, in 1996, we decided to enter the Norwegian tonnage tax system with a substantial part of our fleet. Today we have 20 ships in NIS, recently adding a few. By entering the new tonnage tax system, Odfjell is, in fact, showing a vote of trust in the Government; that the authorities will this time responsibly deliver on the promise of a reliable and predictable regime. By providing a long term stable and internationally competitive environment for the shipping industry, Norway will maintain a strong force to effectively promote higher standards globally. By maintaining a critical mass of high quality and sophisticated ships under its flag, Norway will safeguard and develop its technical know-how and therefore will have the necessary weight in IMO, and other international bodies, to have its voice heard and respected. Is that not a common and national objective? The reference to my great grandfather, amply illustrates that Odfjell has long traditions based in Norway, and although we have expanded internationally, both on the shipping and the tank terminal side, we have always had a major part of our shipping shore based staff in Bergen. As a shipping company involved in one of the most complex segments of maritime transportation, we depend on the competence of both our seafarers and shore based personnel: everybody included. Although we greatly value our many dedicated and competent seafarers of all nationalities, in this context I have reflected on our tradition of employing Norwegian mariners. Did you know that Odfjell is today the largest employer of Norwegian officers in international trade? We employ a total of about 260 Norwegian officers and our cadet programme provides a steady flow of capable odfjell quarterl y maga z ine recruits to our fleet. But we need to enhance our efforts to ensure the sustainability of this vital Norwegian cluster of competence because too many of our competitors have, in fact, given up, especially now in these trying times. So the pool of available talent that may consider a career at sea is under threat as there are less Norwegian companies offering career opportunities. We need to resist this trend by maintaining a sustainable crew pool of Norwegian officers (including a cadet programme). This is one of our measures to ensure efficient and safe ship operations, as well as complying with more and more stringent customer and port state requirements as to crew competencies and years of experience. And let us not forget that a strong and stable pool of officers is also important for recruitment of qualified personnel for relevant positions on shore, both in Norway and internationally. Without our seafarers who have gone the school of the sea, what will our company look like in 10-15 years? Or, perhaps, where will we be logically based? On deciding to enter the new tonnage system, we choose to value our roots in Norway and the accumulated maritime expertise this still represents. This is a bet on Norway’s continued relevance as a shipping nation and an important source for some of our talents both at sea and onshore. We can only hope, by having a stable tax regime for our business, we can now concentrate on our day-to-day operations, which is imperative in the current very difficult economic climate. Stay safe. Laurence W. Odfjell NR.03/ 10 Laurence W. Odfjell 7 LANDMARKS ODFJELL QUARTERLY magazine 8 The DSME shipyard Odfjell orders large chemical tankers at Daewoo By Geir Almestad Odfjell recently entered into a shipbuilding contract with the Korean shipyard Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) for two identical ships of 75,000 dwt. One of these ships is for Odfjell and the other for our partner National Chemical Carriers. Both parties have option for one additional vessel. This type of vessel represents a new development within the chemical tanker industry, and will be a considerably larger chemical tanker than ever built before. The new design involves full IMO II capacity and coated cargo tanks. On long voyages the vessels will benefit from substantial economies of scale. These vessels are mainly intended to serve the export market in the Middle East, and will be operated by NCC-Odfjell Chemical Tankers in Dubai. Delivery times will be first and second half of 2013. Odfjell –the first customer Odfjell was the first shipowner to build vessels at DSME when the shipyard started up w w w . odfjell . com in the beginning of the eighties. M/T Bow Pioneer was delivered in 1982 as the first vessel and M/T Bow Hunter as the fourth vessel in the series. Our partner at that time, Westfal-Larsen & Co., took delivery of M/T Austanger and M/T Grenanger as second and third newbuilding, and these two vessels served in the Odfjell fleet for many years, later under the names NCC Asir and NCC Arar. Facts Daewoo Shipbuilding & Marine Engineering is one of the largest shipbuilders in the world and delivers between 60 and 70 vessels every year. NR.03/ 10 MT Flumar Brasil was delivered to Odfjell in April 2010 from the SLS yard in Korea. She is trading on the Brazilian coast 9 No improvement in the 2nd quarter 2010 results Mid August, the Odfjell Group released its 2nd quarter 2010 results. The net result showed a loss of USD 64 million, of which USD 42 million relates to tax following the decision to enter the new Norwegian tonnage tax system. The tank terminal results remain stable. By Tom A. Haugen Operating expenses and general and administrative expenses were lower in 2010 than in 2009, principally because of cost reductions and recycling of ships. Operating result shows a loss of USD 30 million first half 2010, compared to a loss of USD 9 million in 2009. Time charter results declined by 22% first half 2010 compared to same period last year, but increased by 2% from 1st to 2nd quarter. Volume was marginally lower during 2nd quarter. The CoA (contract of affreightment) portion of our freight volume recovered to previous levels of about 50%, CoA coverage is crucial under the current market conditions. The average cost of bunkers 1st half 2010 was USD 377 per ton, including compensation related to bunker escalation clauses and hedging. This compares to USD 402 same period last year. The average cost of bunkers increased from USD 366 per ton in 1st quarter 2010 to USD 385 2nd quarter. Bunker hedging gave an income of USD 9 million in the 2nd quarter 2010 compared to USD 10 million 1st quarter 2010. Operating expenses on a comparable fleet basis were 1.3% lower 1st half 2010 as compared to the full year 2009 figure. odfjell quarterl y maga z ine Weak outlook For parcel tankers the outlook for the rest of 2010 remains weak. Deliveries of newbuildings continues and the net supply will further increase in 2010. Most players in the chemical tanker market continue to either suffer losses or unsustainable returns, which suggest this market may become a “survival of the fittest” contest. Contracting has virtually ceased and many newbuildings are being delayed or cancelled. Scrapping is at healthy levels. Overall trading activity has slowed going into the 3rd quarter, whilst certain segments are showing good activity. Competition remains fierce as any cargo in any tradelane attracts a number of bidders. Terminals stable We expect tank terminal results to remain stable as a result of continued demand for storage space and a solid contract base. We estimate the operating results going forward to be in line with 2nd quarter. LANDMARKS ODFJELL QUARTERLY magazine Communicator -The new way to communicate By Gunvor Senosiáin Sørheim Up until recently Communicator was a tool used by only a few and with little sophistication. Over the last couple of months we have made sure that Odfjell staff worldwide now have access to the newest version of Communicator, and headsets and webcams are easily available on request. From when we started promoting the use of the system in June we have seen an amazing increase in the number of active users and an explosion in the number of messages sent. Huge potential for cost saving 10 - We encourage all our staff to use Communicator as the preferred means of making internal calls within the company, and to consider using Communicator for meetings where it is not absolutely necessary to travel. This way we will save valuable time and money, says Jan Hammer, President/CEO. Calling via Communicator is free of charge and if you can have meetings via Communicator instead of travelling, Odfjell will have huge cost savings. For some meetings, like for example status meetings, using Communicator is ideal and will cover your needs. For problem solving, Communicator and shared desktop is a very good alternative to travelling. Another added value is the inclusion of employees that are working outside the major locations without a team. Travelling to participate in a weekly meeting is not an option, but it is very easy to invite your colleague to be a participant in a Communicator meeting hosted from one of our major locations by simply joining from their PC or laptop. Also Odfjell top management uses this system as a means to meet without travelling. Did you know…. • That you can call for free from any Odfjell PC or laptop to another using Communicator? • That you can use Communicator from your laptop as long as you are on the internet? • That you can see whether your colleagues are in a meeting or busy by looking them up in Communicator? • That Bergen, Houston, Rotterdam and Singapore have meeting rooms equipped to host a Communicator meeting where you may also invite colleagues from around the world to participate from their desk? • That you can share your PC desktop and work on for example, a document or an application with colleagues worldwide? • That whilst sharing your desktop you can also allow others to take control and edit a document? • That the average Odfjell Communicator user sends 30 messages daily ... how many do you send? • In August alone a total number of 419 Odfjell staff has actively used Communicator, have you….? Communicator has changed the way I work Esther Boender, VP Human Resources, Rotterdam How would you describe your use of Communicator just two months ago? – Two months ago I was not really using Communicator. The main tools in my everyday were still telephone and e-mail at that point. How would you best describe your current use of Communicator? – I have to admit that Communicator has in more than one way changed the way I work. Today it is actually my main tool for making calls for example. At OTBV we all work globally and our team is spread out all over the world, but still we are a team that cooperates closely. I speak with my colleagues at other locations daily and using Communicator has given our team work a new dimension, we no longer suffer from bad phone lines as the sound quality is surprisingly good. I no longer have to use even a little bit of energy worrying about whether somebody will drop out, whether my conference call setup will work or anything like that. Setting up a call with several participants from different locations is done in just a moment. The outside distractions are gone and when we are in a call, the topic at hand gets our full attention. Sharing your desktop is another great feature. Again, with colleagues all over the world, often many on the same line, you would expect delays in sound and picture, but in my experience you get a crystal clear picture and no delay in sound. When we use the share desktop feature we can all work together in the same document, we are all on the same page, so to speak. In a brainstorm session we can even allow access to edit the same document real time. Which feature or possibility has surprised you most as you’ve now become an experienced user? – The quality of both sound and view is what impresses me most. And of course, how very easy it is to use, it’s very intuitive indeed. I am also very impressed that even when you are travelling you can easily be w w w . odfjell . com Esther Boender connected as long as you have your laptop and an internet connection, and it’s still for free. Who would you challenge to start using Communicator, for which use and why? – I have to say that all my colleagues at OTBV and in HR are already using Communicator frequently. If I have to pass on a challenge I would say that perhaps I have to challenge myself and my colleagues here in the Rotterdam office. Being in the same location, it may not always be that obvious to use a tool as Communicator, and personal contact is of course also important but maybe it is not always necessary or the most efficient way to communicate. Views on Odfjell Insite Odfjell Insite has been live since June and Odfjell employees have had to get familiar with a new corporate intranet. 950 employees have visited Insite so far and during the summer around 500 employees made visits on a daily basis with around 10 clicks each day. Frank van Mil, Odfjell Terminals (Rotterdam), Manipulation Coordinator Vidar Børve, Manager Ship Management (Bergen), Electrical & Automation Tena Farley Odfjell Terminals (Houston), Planning Coordinator - The old intranet really needed to be refreshed. Odfjell Insite provides numerous possibilities, is more user-friendly, well presented and is fine suited to the international character of Odfjell. Hence, Odfjell Insite serves as a central point for all internal information about Odfjell, whether it is about Odfjell news, the jetty occupation or the history of our Company. Odfjell Insite has information which we as employees need to properly execute our functions. Everything under one site gives more efficiency in our work. My only comment: can the employee pictures get somewhat larger? - I like the new Odfjell Insite very much, as it has an engaging design. All the picture and graphic design makes the Odfjell Insite intuitive and user-friendly. With the new Odfjell Insite you find information about all different sections in the Company. This makes the walls smaller and will be beneficial for Odfjell as a company. At the moment I do not miss anything. As we now start to work in the Odfjell collaboration site I see that the possibilities are huge which we have to take advantage of. - The new intranet, Odfjell Insite, I love it. It has everything you will need access to in one area. No more going to several locations to find your My Pay, Employee Handbook, MassMutual, UHC, etc., it’s all there! Not only do you have access to anything you want or need to know at the Houston location, you also have access to Odfjell internationally. It is nice to see what other terminals are doing as well as Odfjell Tankers. It is a job well done! It was worth my time to peruse the site and acclimate myself to the new Odfjell Insite. Facts Odfjell Insite will be updated with the following adjustments in the months to come: • Reduce the amount of information on the first page by removing some of the metadata (author, news category, date and time) on each news item. Henning Werner Nilsen, Odfjell Tankers (Bergen), Ship Broker - At first I found it somewhat disorganized, but I like it more and more after having found the structure. I guess it is always like this with new things. The one thing that comes to my mind is that unread news should be in bold text, but I understand that this will be changed. • Mark unread news with bold so it is easier to know what have already been read. • Add information on every page who the page owner is and when and who updated it last. • Small changes to the news pages to make the metadata (author, news category, date and time) more appealing (one line instead of the four today). • One designated area for phone lists where all phone lists are stored. • Change the Docmap warning page so that it reads “please logon” instead of “access denied”. Today everyone sees “access denied” even when they got access to a document. We still recommend everyone to logon to Docmap with their regular user and check “remember me”. odfjell quarterl y maga z ine NR.03/ 10 – We have received very useful feedback, and in the process we have discovered needs for small adjustments, says Margrethe Gudbrandsen, Communication Manger in Odfjell. Here are some of the feedback: 11 LANDMARKS ODFJELL QUARTERLY magazine 12 Santos and surrounding areas New associated terminal in Santos A new terminal in Santos will be constructed in the so-called Alemoa district. The contract for the civil work was signed in August, and the terminal will be ready at the end of 2012. The terminal will include 26 tanks, a total of 52,000 cbm, inclusive six jetty lines of 8” each in (stainless steel) to the existing Alemoa berths. This will be the second terminal owned by the Odfjell family in Santos, and the combined capacity will come to about 150,000 cbm. Odfjell Terminals (Jiangyin) ISO certified Odfjell Terminals (Jiangyin) was audited by Det Norske Veritas on 28 and 29 July and is now certified to ISO 9001, ISO 14001 and OHSAS 18001. Congratulations. Odfjell Terminals (Jiangyin) w w w . odfjell . com NR.03/ 10 briefings ODFJELL QUARTERLY magazine John B. Lacson Colleges Foundation-Bacolod Odfjell cadets with (from left) C/M Fortunato R. Lim, Jr., Odfjell Cadetship Programme Coordinator, and their bridging course instructors, Engr. Rodel Vasquez (physics), Engr. Liza Martinez (chemistry) and Miss Cindy Pretta (mathematics) Odfjell Academic programme - BRIDGING THE GAP The John B. Lacson Colleges FoundationBacolod in cooperation with the Odfjell Cadetship Programme has launched a bridging programme for high school mathematics, chemistry, and physics which covers a series of intensive summer training courses equivalent to one month. Offered during summer before the start of the academic school year, the programme is set with the main goal of providing a positive intervention on the academic performance of the cadets as they prepare themselves to acquire advanced skills in collegiate on these subjects. The training course is primarily aimed to bridge the gap between the basic skills the cadets have learned in high school and the advanced skills they are expected to acquire in preparation to their course. The bridging programme has already been available to two batches of Odfjell cadets, starting with the 5th batch in the sum- By Remigio Zamora mer of 2009 and the 6th batch this summer. It was supervised and directed by Dr. Noel Ande D. Estimo, Subject Area Head for Mathematics and Applied Sciences and monitored by C/M Fortunato Lim, Jr., coordinator of the Odfjell Cadetship Programme in John B. Lacson Colleges Foundation-Bacolod. knowledge in practical ship-related situations. The success of this programme has brought about the idea of extending the bridging programme to other subjects like English and preparatory courses to navigation and seamanship, particularly on related maritime terms and basic concepts needed by incoming Odfjell cadets. Positive feedback and results Quality education and training Positive results were evidenced by improved scores in the post tests. According to the cadets the training programme provided them with basic knowledge which some of them failed to acquire in high school. In the bridging programme, working collaboratively with their classmates enabled them to validate their background knowledge as they worked with others as well as with their instructors. The activities performed during the training have improved their theoretical skills and enhanced their abilities to solve highly complex problems. The programme also supports the acquisition of cognitive skills which are useful when applying this theoretical In partnership with the Odfjell Cadetship Programme, John B. Lacson Colleges FoundationBacolod under the esteemed leadership of its administrator, Capt. Luis G. Evidente, continues its quality policy of “complying with national and international standards and striving to exceed stakeholders’ expectations” and its mission statement which puts emphasis on “quality education and training through instruction in its unrelenting quest of excellence.” It is a never-ending quest of the institution to exhaust all ways and means possible to promote competency and a high level of proficiency among the cadets, the future officers of the Odfjell fleet. odfjell quarterl y maga z ine 13 Briefings 14 ODFJELL QUARTERLY magazine The ICT systems renewal programme TMS was implemented at OTR in March this year By Tor Jürgensen In recent years the Odfjell organization has matured significantly as to efficient use of ICT. ICT systems are important tools to most Odfjell employees, both on shore and at sea, and requirements for new and improved functionality within our ICT solutions have been given top priority. In order to fulfill these requirements and also to take advantage of the rapid development within information technology, a programme for renewal of most of our business solutions has been initiated. Several large projects have been launched and this will dominate the ICT activities in the coming years. Currently we are in a process of renewing old solutions to modern and future oriented technology. Another important move is to reduce the number of applications to as few technologies as possible. We are also changing our strategic solution concept by moving from in-house developed solutions to the use of standard platforms (technologies). The following activities will have the main focus in the coming years: • Replacement of current commercial shipping solution with a new future oriented solution based on a standard system platform. • Bringing forward a solution concept which supports the main business process of tank terminals. The solution concept is to be implemented at all Odfjell managed terminals. • Implementation of a corporate Human Capital Management solution, supporting all parts of the on shore organization. • Improve our communication solutions. w w w . odfjell . com In addition to our main projects we have several minor projects ongoing. Due to this activity level we will have a challenging and exciting time ahead of us supporting the Odfjell business organizations in bringing forward new and future oriented ICT solutions. The defined projects put strong demands on both the business units and the ICT department. To facilitate for the different projects, existing systems and infrastructure will be upgraded according to new requirements from the main projects. The renewal process will be founded on a common Odfjell ICT Strategy. By this we want to achieve reduced ICT costs, increased efficiency by sharing experience and knowledge, standardization of business processes, improved consistency and visibility of information within the various systems, stable and secure ICT systems which are available to the user 24 hours per day 7 days a week 365 days a year. The main projects: This year our new web portals have been launched. In January we released a new public home page (www.odfjell.com), and in June our new intranet (Odfjell Insite) was released. Both these portals are built on Microsoft SharePoint technology which is a standard platform that will be further developed in the future. NEW SHIPPING SOLUTION FOR ODFJELL TANKERS The project is performed in close cooperation with employees from Odfjell Tankers and is aiming at replacing our current in-house developed ICT solutions, with a new and future oriented solution. The new solution will support main business processes like: • Fleet scheduling & budgeting. • Contract & sales. • Voyage planning, execution and follow-up. • Demurrage calculation. • Bunkers purchase. The solutions will have interfaces to several supporting systems. This project was initiated a couple of years ago and after having thoroughly evaluated possible vendors, we are now ready to select one partner for the project. Planned major milestones for the further process are: • Final evaluation of the selected partner (early autumn this year). • Pilot project with the chosen partner. Purpose; plan the implementation (autumn 2010). • Implement “version 1” of the new solution (functionality needed to “Go Live”) (2011). • Go Live with the system Q1 2012. HUMAN CAPITAL MANAGEMENT An implementation specification for a global Human Capital Management (HCM) solution, covering all on shore business, was developed last year. Implementation will start this autumn with Odfjell’s main office as pilot. The HCM solution is planned to be rolled out to the other offices afterwards. The following processes will be supported by the new system: • Personnel administration. • Time management. • Travel management. • Salary payment. • Reporting (both management and general reports). Planned major milestones for future process will be: 2010/11 Implementation of the new HCM solution at the Bergen office. Spring 2011 Go live at the Bergen office (April). 2011 Evaluation of roll-out to other offices. COMMUNICATION SOLUTIONS This spring we upgraded our email system (Exchange 2007) and our e-mail infrastructure. The new solution has higher performance and better availability than the previous solutions. During the summer we have implemented Microsoft Office Communicator for the whole organization (see separate article). Communicator provides services like instant messaging, presence information (who is available), voice communication over our network and shared desktop functionality. The next step within this concept will be to integrate with our switchboards and phone systems. This is an activity that is planned to take place for the first offices during 2011. ODFJELL TERMINALS We are currently building a new software solution for Odfjell Terminals based on a standard platform from SAP. It will support the following main business processes: • Terminal Management (TMS). • Maintenance Management. • Purchasing. • Finance and Accounting. • Human Capital Management (HCM). TMS is implemented at both Odfjell Terminals (Houston) (September 2008) and Odfjell Terminals (Rotterdam) (OTR) (March 2010), and we are about to close the implementation phase for this part of the solution concept. Implementation of a solution for Maintenance Management is currently in process at OTR. It is based on requirements of a global solution for Odfjell Terminals. A requirement specification phase for implementation of SAP Finance/Accounting and Purchasing was initiated this spring and is planned to be finished early autumn this year. Together all these modules will constitute a total integrated information system. Planned major milestones for future process are: 2010 Prepare for implementation of SAP Finance/Accounting and Purchasing. 2010 Implement SAP Maintenance Management system at OTR (“Go Live” Q1 2011). 2011 Implement SAP Finance/Accounting and Purchasing at the first terminal. 2011 Start preparation for roll-out to the Asian terminals of TMS with Finance/Accounting, Purchasing and Maintenance Management. odfjell quarterl y maga z ine NR.03/ 10 WEB PORTALS 15 Briefings ODFJELL QUARTERLY magazine Operator course Eyvind Bremseth and Ton van Oeffel observing Nkulu Mkhize in practical lab By Svend Foyn-Bruun Considering the wide range of expertise within the organisation, this year’s lecturers were dominated by internal Odfjell personnel. Previously these services were also bought externally, but we realised we could gain a lot by developing this course using primarily own resources. routing and bunker planning. The course also include a practical lab session at the University of Bergen, where wall wash sampling and various methods for cargo testing were demonstrated. General introduction The course is also a great opportunity for new employees to meet other Odfjell employees. In addition to colleagues from Bergen we had skilled friends from Houston, Dubai, Durban, Sao Paulo, Singapore, Rotterdam, India and Shanghai represented. The course is now a general introduction course in chemical ship and port operation. We have taken on board the wide range of practical problems that makes ship operation challenging, and the courses aim primarily to address issues faced by operators and brokers on a daily work basis. An awareness of various challenges will surely also benefit attendees from ship management, insurance and support functions. Topics covered this year ranged from practical cargo and tank cleaning cases, chemistry and physics, relevant rules and regulations, weather International participation After the course, each of the 22 participants were asked to complete an e-exam. Judging from the results of the exam as well as the satisfaction reflected in a feedback questionnaire, this year’s operation course was a great success. Test your chemical and port operation knowledge: 1. 2. 3. 4. 5. 6. 7. 8. The USCG is under which federal agency? Where do you find compatibility information? US Federal water pollution jurisdiction ends at: In the event of an oil spill, it is criminal to fail to….. Antidote kits are required by charterers requirements for? Are OPA-90 oils consistent with Marpol annex I classification? The density and therefore the volume of a product is relative to the temperature of the product. What is the most normal correction factor to use for Annex I products? Does an Annex II product loaded on a chemical tanker built after 1986 require Inert if the flash point is less than 60°C? 9. Does an Annex I product loaded on a chemical tanker built after 1986 require Inert if the flash point is less than 60°C? 10. When the tank is inerted, the O2 content must be less than 11. How much cargo assigned to shiptype 1 can be loaded in any one tank certified to take this cargo? 12. You have on board a Marpol pollution cat Y product with carriage requirements 16.2.9. The cargo has a melting point of 16°C. At what temperature is prewash not mandatory? 13. Can all products with a double bond polymerize? 14. What is a product’s flashpoint? 15. What is the minimum content of Molybdenum in stainless steel for it to be seawater and acid resistant? The answers: 1. Homeland Security, 2. CFR 46 part 150, 3. 200 miles, 4. Notify the Government, 5. Acrylonitrile, 6. No, 7. Volume correction tables, 8. Yes, if the ship is above 20.000dwt, the tank is above 3 000m3 . ( There are also certain technical limitations regarding capacity of tank cleaning machines). 9. Yes if the ship is above 20.000dwt. 10. 8%, 11. max 1250m3 12. >26, 13. Yes, 14. The lowest temperature at which a liquid gives off sufficient vapour to form a flammable mixture with air, 15. 2.7% 16 In June the marine service group, better known as MSG arranged an introduction course in chemical ship and port operation for brokers, operators and port operators at Hotel Augustin in Bergen. This was the third course of what may have become an annual event. Deligates explained by an university chemist w w w . odfjell . com Odfjell Terminals (Houston) My experience of outstanding areas at OTH A best practice visit By Dong- Soon Park I have always thought that terminal practices in different regions and countries differ because of the need to adjust to the local business and working environment. Then again, the different Odfjell terminals around the world has a lot in common and it is important to share “best practices”. Since I joined Odfjell Terminals Korea (OTK) in April 2009 as Terminal Manager, I have been looking forward to visiting other Odfjell terminals to see how they handle the small day-to-day challenges that we face at OTK and how the operational “best practices” develops. Odfjell Terminals has a strong commitment to share “best practices” and has always encouraged good communication between the terminals, however nothing can be compared to seeing other terminals yourself. I was delighted therefore when I was invited by the Management to visit Odfjell Terminals (Houston) (OTH) for four weeks in June. During my visit at OTH, I was impressed by the competence and professionalism of the many people I met, the sophistication of their equipment and the way the whole organization cooperates to ensure efficient processes and customer satisfaction. Cooperative labor-management relationship Most of the employees at OTH, especially shop floor workers, have worked with OTH for a long time. I felt they have both pride in their workplace and a good relationship with the management which I think lead to mutual development both for the employee and the company. This was a good opportunity for me to experience “best practices” at first hand. OTK has a smaller organization and shorter terminal history compared to OTH but I think we could make a good synergy effect for OTK in the future if we combine OTK’s young power and OTH’s experienced skill. I am also happy to have established good relations with my colleagues at OTH and that we can contact each other for mutual advises and share experiences. odfjell quarterl y maga z ine 1. The high level of safety culture. The safety of operations is of same high level as it is throughout the Odfjell group, but I was impressed that it seems to come so naturally to all my OTH colleagues. I can only guess that it is through several years of safe operation. 2. How customer satisfaction can be improved by the sharing of more information between all departments. OTH has regular “change of service” (COS) meetings where all concerned parties (even the President) are involved to insure smooth operation. 3. The high level of “environment friendly” facilities and operation. Their sophisticated vapor handling system consisting of three categories, vaporreturn, combustion and carbon adsorption that enables them not only to reduce emission to atmosphere also reduce vapor loss which results in higher customer satisfaction. 4. The way they use any non conformities to improve their practical procedures by using the Odfjell Insite. 5. The way that they use the procedural documents in their daily activities, not only to follow the procedures, but also as an efficient communication tool internally. NR.03/ 10 Briefings ODFJELL QUARTERLY magazine 17 QHSE on the agenda ODFJELL QUARTERLY magazine A Shift Team Cleaning up the pipleline 18 Fire at Odfjell Terminals (Dalian)’s neighbouring crude oil terminal By Li Chang and Xu Tao At sunset on July 16 2010, just around the time of changing the terminal’s shifts, a very strong explosion took place and broke the peaceful sky of the Xin Gang area. In the direction of the blast, operators found that black smoke followed with flames was coming out from Odfjell Terminals (Dalian)’s (OTD) neighbouring terminal about 200 meters southwest from the south gate of OTD. OTD’s shift supervisor realized what had happened and immediately notified the central control room (CCR) operator to report to the fire fighting brigade and to start the fire fighting auto-control system. Subsequently, the supervisor assigned operators to stop all railcar discharge operation, close all relevant valves and clear the hoses away from the rail wagons. Concurrently, operators were instructed to push the emergency shutdown buttons to cut off the electric power of the loading spots and to check and close the gauging nozzle on the tank rooftanks. In the meantime, the CCR operator arranged with the Port of Dalian (PDA) railway company to quickly have a locomotive pulling away the railcars in OTD’s rail area. He also guided the fire engines which arrived at OTD to the closest spot near the fire. The CCR operator reported the situation immediately to the Safety & Quality Manager and the Operation Manager. The Safety & Quality Manager ordered all staff on site to carry out all emergency response tasks. Thereafter he reported the situation of the fire accident to General Manager of OTD who again reported the accident to the proper channels in the Odfjell SE system and concurrently informed and provided all relevant information to the ERMT of PDA and to the Dalian Municipal Government. The OTD’s A Shift Team was released from services once the fire brigade took over the control of the situation and could thereafter evacuate the premises of OTD. Correct action taken The A Shift Team took immediate and correct actions to prevent that the OTD facilities could be exposed to further danger caused by this external explosion. The actions that were taken through the emergency response assisted the fire fighters to successfully extinguish the fire and secure the OTD property by preventing it from any further exposure to the fire. By the next morning it was clear that a crude oil tank of about 100,000 cbm had exploded and burned, and created much damage to the surrounding area. Clean up and recovery By July 19, OTD started the cleaning and recovery work and proceeding to do preliminary on-site inspection. With the support of w w w . odfjell . com and joint efforts by PDA and Odfjell as partners OTD has partially started the terminal operation. OTD has managed to restore the electric power supply for the office building and motor control centre (MCC2) using a temporary electric system. This provides the electric power to the jetty, tank bay 4, waste water treatment plant and the foam station. OTD has engaged third party resources to perform a clean-up operation to remove surface oils, sooth and black ashes from tank and building surfaces. To quickly resume operations, OTD prepared written temporary operating procedures and established manual fire fighting operations. OTD submitted all adequate applications to the relevant departments of PDA as well as the local authorities to restart the operations. OTD restarted its operations on August 10 and will gradually increase its operations once repairwork and restoration to normal standards proceeds. However, at the present moment ships can be loaded and discharged, railcars can be loaded and OTD is handling isotanks and has its N2 system operating. A full restoration of operations is expected to be ready by the 1 quarter 2011. The OTD team must be credited for their responsible actions during the off-site explosion and all the dedication and hard work that have followed after July 16. NR.03/ 10 QHSE on the agenda ODFJELL QUARTERLY magazine 19 Repair works on damaged bow thruster how to improve event handling By Harald Bauck A new training course to improve event handling in Star IPS was developed and launched by Ship Management first half 2010. The main objective is to uniform and improve the process of reporting and investigating accidents, near-accidents and non-conformities on our ships. At Ship Management we use the Star IPS Event Module and the aim is to avoid reoccurrence of unwanted events. In the course we focus on seeking answer to three basic questions in the event handling: 1. What happened? (immediate cause) 2. What allowed this to happen? (root cause) 3. How do we avoid recurrence? (preventive action) Goal: Reduce number of incidents The overall aim of the event handling is to reduce the number of incidents on board our ships. The course covers relevant procedures and theories needed to support case handlers in their work to find answers to the three questions, and to follow up the identified preventive actions. The primary target group for the training are those who do event handling as a part of their ordinary work. This includes Ship Management teams, technical superintendents and managers, marine superintendents and managers and fleet managers. The course is also useful to other personnel who will be involved in the event handling process or in the execution of preventive actions. The Star IPS Event Module is also used to gather information on consequences of incidents, and the probability of their occurrence. Hence, the reports must be clear, easy to understand, and correct on facts. odfjell quarterl y maga z ine Plan for the course The course lasts eight hours, and covers the following topics: • Regulations and procedures. • How to differ between accident, near-accident and non-conformity. • Risk assessment; theory and applied on event reports and task risk assessment. • The consequences, description of outcome. • Root cause identification. • Criteria for closing a case. • Responsibilities for preventive actions. • Review of the event report; five steps. • Introduction to incident investigation. The course has been held for all case handlers at the Bergen office. During week 36, it will be made available to SMTs through Odfjell Academy, and during week 37 the course will be held for case handlers at the Singapore office. Star IPS Event Module is the database where accidents, near accidents and non-conformities are reported and handled. PORTRAIT ODFJELL QUARTERLY magazine Ole Magnus Aasheim 20 The beginning of a career at sea By Margrethe Gudbrandsen Odfjell has several Norwegian cadets/ trainees on board our vessels. During their time as cadets/trainees they will learn the complex work on board a chemical tanker and generally the life at sea. Their education consists of a combination of school and practical work, and Quarterly will follow Ole Magnus Aasheim on his journey to a career. Fresh from school, Ole Magnus Aasheim from Tysnes, outside Bergen, Norway, started his practical part as a trainee on board Bow Spring in September. He will be a trainee for two years, with effective sailing for one year, school for two more years whereafter proceeding at sea for another year as a cadet. He may then become certified as 3. Officer. - During my education at the technical high school, I searched for future career options, and my interest towards working at sea emerged. I therefore continued at Bergen Maritime College which made me certain that working at sea was what I wanted to do, Ole Magnus explains. Odfjell – a natural choice Bow Spring is ready to take Ole Magnus on board - During my first year at Bergen Maritime College, my teacher talked about Odfjell. I searched information about the Company and looked at the different vessels in their fleet. With the whole world as their base for destinations, my interest even raised more, he tells enthusiastically. w w w . odfjell . com Safety is important Odfjell works in close cooperation with Bergen Maritime College by i.e. arranging for cadets to visit and talk about their experiences of working at sea. They also arrange company visits for potential trainees. – The Odfjell cadets had a lot of interesting things to say about Odfjell and I didn’t hesitate to ask questions. They told about the life and the positive atmosphere on board by learning a lot at the same time having fun. But one of the best things they told us is that safety comes first on board Odfjell vessels, and that is very important to me. Bow Spring is ready to take him on board on his first journey on “the seven seas”. How does it feel? – I think I will have a great journey, meeting new colleagues and to get to know the ship and the work. I hope I will have a nice time and that I will feel at home on board. SEA AND SHORE ODFJELL QUARTERLY magazine ”No, I can’t (after 15 minutes...) Yes, I can” NR.03/ 10 You fall...I fall… 21 Taihu Lake training centre All geared up for some fun! Smiles were everywhere even before the start of the teambuilding OTJ Team building field trip By Chester Lee Odfjell Terminals (Jiangyin) (OTJ) organized a field trip at scenic Taihu Lake training centre nearby Wuxi city on 24 April 2010. A total of 37 staff excluding the operations’ shift teams participated. It was the first time all employees at OTJ participated in a teambuilding exercise. The company set off at 0700 hrs and many dragged themselves out of bed complaining of lack of sleep on a Saturday morning, but all ended up smiling and asking when the next team building exercise would be held. The aim to building trust and teamwork through this field trip was achieved indeed. We are looking forward to next year’s team building exercise. odfjell quarterl y maga z ine SEA AND SHORE ODFJELL QUARTERLY magazine Fabulous photos! More than 60 photos were submitted to the photo competition this time. The many participants and the many excellent pictures gave the jury a challenging job. It was a close race, but the jury selected the best photo to be the one taken by Francis Benites, Bow Faith, which is the front cover of this edition of Quarterly. A selection of the photos is shown on these two pages. We would like to thank everybody for their contribution to the competition and look forward receiving more pictures in the time to come. 22 Picture taken during overhauling of aux. gen on board Bow Chain last July - by Marlon Buban This picture of daybreak in Montevideo, Uruguay is taken by Torleif Solheim, during docking of Angelim at TSAKOS ship yard. Bow Mekka in drydock in ASRY Yard in March 2010. Photo by Gunnar Eide w w w . odfjell . com Bow Firda passing Bow Cardinal - Houston Ship Channel in 2004. Photo taken by Rolf Atle Prestøy NR.03/ 10 SEA AND SHORE ODFJELL QUARTERLY magazine 23 “The Lord of the Rings” - painting the new bowmark after the change of name NCC Jubail to Bow Jubail during drydocking in Singapore May 2009. Picture is taken by John B. Jakobsen. Bow Cedar berthing at Vopak Deer Park, taken by Tord Avsnes Sæle Bow Faith deck crew member in action during drydock in Bahrain April 2010. Picture taken by Gunnar Eide odfjell quarterl y maga z ine sea and shore ODFJELL QUARTERLY magazine Visit in 50 degree plus Bow Cardinal was one of the few vessels getting a visit from the Norwegian Seamen’s Church in Dubai this year. Strict port controls and short port stays makes such visits challenging. Although Bow Cardinal only stayed for a couple of hours in Dubai, making the stay a bit hectic on board, the representatives from the Seamen’s Church really enjoyed the visit. 24 Guided tour in the engine room on Bow Cardinal was a bit hot in 50 degree plus. From left Anne Wirak Onsrud (The Norwegian Seamen’s Church) and 1. Engineer Morten Krognes Cooperation with the Norwegian Seamen’s Church The Norwegian Seamen’s Church visits ships worldwide on a regular basis, and recorded 348 visits to ships in the Odfjell fleet in 2009. They bring newspapers on board and many sailors use the opportunity to have a talk with the representatives from the Seamen’s Church. Since 2004 Odfjell has cooperated with the Norwegian Seamen’s Church regarding emergency response and the handling of crises. Odfjell may call a 24 hour emergency number if an acute incident happens on board. The Norwegian Seamen’s Church has people all over the world with long experience and excessive competence in following up people after accidents with debriefs and memorial services if someone dies as well as being a support to the next of kins. Singapore prawning By KH Tan On our Odfjell Family Day 15 May, we went to Bottle Tree Park Pond in Yishun, a suburb of Singapore for prawning. In Singapore, prawning is a popular activity during the weekends for both young and old. Lady luck! Here is our lunch After a short welcome speech by Atle Knutsen, the pond operator gave everyone a brief demonstration. Then each family was given a fishing rod with chicken heart as bait to try their luck to catch as many prawns as possible during the four hours’ period. Spot w w w . odfjell . com prizes were awarded at various intervals to inject some extra excitement for all prawn anglers. After a good meal we had the opportunity to relax and mingle around. A big thank you to those attending the Odfjell Family Day and for the overwhelming response and support from the participants. sea and shore ODFJELL QUARTERLY magazine “Cycle to work” campaign – 4 months workout in 2 months’ time 45 employees in Bergen participated in the “Cycle to work campaign“ and worked out all together four months in a two months’ period - or a total of 158 268 minutes if you like. The purpose of cycle to work campaign is to motivate people to be more physical active. 30 minutes of exercise every day is recommended to give health related gains. NR.03/ 10 Despite the campaign name, every exercising activity could be including whether it is swimming, walking, jogging or cycling, and all workout activities during a day exceeding 20 minutes could be registered. From 4 May to 30 June, 45 employees participated in nine Odfjell teams. Overall, a total of 1 642 teams with 11 893 competitors participated in the activity in Norway. The best team from Odfjell came as number 62 (Odfjell Joggers). The best individual performance from Odfjell was Amanda Aksnes, she came as number 104 of 11 983. She had 9 885 minutes of exercise in this period. 25 Some of the participants at the headquarters in Bergen Well done! The popularity reflects an increasing interest for training in general and for biking in particular. Odfjell is no exception and over the recent years the number of Odfjell participants has also increased. From South Africa Scenic view during the race. Photo by Tom Gulbrandsen Bergen – Voss - a scenic bike race By Bjarte Wetteland The scenic 165 km bike race from Bergen via the beautiful Hardanger fjord to the village of Voss has been arranged for more than 30 years and has developed from a few hundred participants to an event with more than four thousand cyclists. Many from Odfjell have already participated several times, and this year’s last minute and overseas sign-on was Mel Pinks from Odfjell Makana, who in this respect, made his debut. The other participants were Tom Haugen, Geir Grønning, Ragnar Grønseth, Jan Hammer, Bård Ove Grønning, Leif Hopland, Henning Werner Nielsen, Odd Jarle Pollen, Gøran Rosnes, Eirik Solberg, Christoffer Karstad Opstvedt and Bjarte Wetteland. Will there be a next time? Upon completion of the race and after some instant refreshments along the banks of the lake in scenic Voss, some started planning next year’s race there and then. Others need some more time to analyse their results and restore all bodily functions before they will consider signing up again. The date for next year’s race is set to Saturday 11 June and the registration window opens in January. odfjell quarterl y maga z ine In Society ODFJELL QUARTERLY magazine 26 Odfjell Makana sponsors’ Clement Nkosi for the 2010 Comrades Marathon By Sayed Akimu Phiri Comrades Marathon is arguably the greatest ultra marathon there is, where athletes come from all over the world to combine muscle, sinew and mental strength to conquer the 89 kilometres between the cities of Pietermaritzburg and Durban. This year Odfjell Makana sponsored Mr. Clement Nkosi from Mid-KwaZulu Natal, and assisted him in various ways. With so much tough and most experienced competition from countries like Russia; Kenya and Zimbabwe he positioned 13 out of 23 000 registered runners with completion time 5 hrs 51 min 07 sec. The Comrades Marathon is a cherished national treasure and attracts thousands of runners, spectators and television viewers every year. w w w . odfjell . com Clement Nkosi IN SOCIETY ODFJELL QUARTERLY magazine Help from one Odfjell operation to another In the June edition of the Odfjell Quarterly, there was an article featuring the Sipucule Creche Pre-Primary School which Odfjell Makana has sponsored for several years, with photos of the children, some of the teachers, Mpho Jaqueline Chaka from Odfjell Makana, and Guy Barker from the Rotary Club. My eyes truly opened when I saw the photos of neighborhood children with their smiling faces. A plea for gently used infant and children clothing was requested. Below is an excerpt from an email from one of the Odfjell employees: There is another very substantial initiative we are involved with in Mossel Bay and that is the “Sipucule” Creche. Here the Creche provides for learning and activities for over 100 very under privileged children of ages 2 to 6. We had an article in the Quarterly a couple of years back and I have just visited the Creche today (04/28/10). One thing they are always in desperate need for is clothing for the children. Is there any way that you would be able to collect old infants clothing? This could be put on an Odfjell ship from Houston calling Mossel Bay of which we have one nearly every month. Would be very pleased to hear if you are able to help and will send some photos we took today in the near future as we will be making a follow up article for the Quarterly soon. With help and encouragement from other OTH employees, Lecia Newman and summer intern Austin Law decorated boxes with photos of the school to set out in the buildings here. Encouragement and direction from Denise Schaefer, Tord Sæle, Debbie Houston, and Sandy Kokes was invaluable. The response has been phenomenal with the first donation coming from 7-year old Aymia, daughter of Jennifer Johnson, who donated all her socks. This is important because in Aymia’s school in Houston the fad for the girls right now is to wear mismatched socks. Aymia spent time matching up her socks because the girls at the Creche might prefer socks that matched. A total of 50 kg clothes were collected. We look forward to the boxes arriving in Durban in the next few weeks and a happy e-mail coming back from our colleagues in Durban with more opportunities in the future to help. Collecting gently-used infant and young children’s clothing for the Sipucule Creche Pre-Primary School in Mossel Bay. From left Stacie Allen, Deann Vice, Cecilia Ramirez, Kathleen Duncan and Mernie Bimslager at OTH odfjell quarterl y maga z ine NR.03/ 10 By: Kathleen Duncan 27 Customer ODFJELL QUARTERLY magazine NEW HIRES Bergen Rønning, Vegard Chartering Assistant 19-07-10 Aarnes, Ole Kristian Ship Broker 01-08-10 Magnus, Casper Ship Broker 01-08-10 Tobolka, Jeffery Project Engineering Technician 01-07-10 Ramkissoon, Amanda Documentation Specialist 06-07-10 Willems, Wolf Martinus Corn Senior Advisor QHSE 01-08-10 Buiter, Marcus Gerrard Manager Finance and Accounts 23-08-10 Ramstad, Kristoffer Demurrage Analyst 01-08-10 Sortland, Jens O. Ship Operator 01-08-10 HOUSTON 28 Gonzalez, Robert S Senior Ship Broker 01-06-10 rotterdam Poel, Myrna Johanna Manager HRM 01-06-10 singapore Dan, Foo Yuyao Chartering Assistant 01-06-10 manila Henriksen, Tore Manager Maritime Personnel 01-06-10 w w w . odfjell . com RELOCATIONS From Bergen to Singapore From Singapore to Bergen Sjåstad, Per-Ove Ship Broker 01-08-10 Olsen, Ronald Senior Ship Broker 01-08-10 NR.03/ 10 Personnel ODFJELL QUARTERLY magazine 29 In Service for Odfjell 25 Odfjell Terminals (Rotterdam) Nieuwdorp - Martha, Birgit Cornelia Employee Creditor Administration 01-07-85 30 Odfjell Terminals (Rotterdam) Blom, Rene Head Facilities 01-09-80 Dijkema, Geert Hugo C1-Operator 01-09-80 Kraaijeveld, Arie CCR Operator 01-09-80 35 Odfjell Terminals (Rotterdam) Roos, Leendert Head Customer Service 01-07-75 Streefland, Arie Adrianus Plant Manager 01-09-75 40 Odfjell Terminals (Rotterdam) Menses, Gerard Eduard Forwarding Agent 31-08-70 years years From Rotterdam to Singapore years Beviss, Michael Alan VP Sales and Marketing 19-07-10 years odfjell quarterl y maga z ine Odfjell Singapore Mevatne, Knut Operation Manager 01-07-80 FLEET & TERMINALS ODFJELL QUARTERLY magazine as per 6 September 2010 OWNED SHIPS 30 YEAR BUILT DWT CBM STAINLESS STEEL, CBM NUMBER OF TANKS Flumar Brasil 2010 51 188 55 300 - Bow Saga¹ 2007 40 085 52 126 52 126 Bow Sirius¹ 2006 40 048 52 126 52 126 Bow Sea 2006 40 048 52 126 52 126 Bao Hai Tun (49%) 2006 3 845 4 361 - Bow Summer 2005 40 036 52 126 52 126 Bow Spring ¹ 2004 39 942 52 126 52 126 Bow Star 2004 39 832 52 126 52 126 Bow Sun 2003 39 842 52 126 52 126 Bow Firda 2003 37 427 40 515 40 515 Bow Chain 2002 37 518 40 515 40 515 Bow Favour 2001 37 438 40 515 40 515 Bow Century 2000 37 438 40 515 40 515 Bow Fortune 1999 37 395 40 515 40 515 Bow Master 1999 6 046 6 878 6 878 Bow Mate 1999 6 001 6 864 6 864 Bow Pilot 1999 6 000 6 865 6 865 Bow Sailor 1999 6 000 6 870 6 870 Bow Cecil 1998 37 345 40 515 33 236 Bow Flora 1998 37 369 40 515 33 236 Bow Balearia 1998 5 870 5 941 5 941 Bow Oceanic 1997 17 460 18 620 18 620 Bow Bracaria 1997 5 870 5 941 5 941 Bow Brasilia 1997 5 870 5 941 5 941 Bow Cardinal 1997 37 446 41 487 34 208 Bow Faith 1997 37 479 41 487 34 208 Bow Aratu 1997 13 834 15 831 15 831 Bow Querida 1996 10 115 10 956 10 956 Bow Cedar 1996 37 455 41 608 34 329 Bow Atlantic 1995 17 460 18 620 18 620 Bow Fagus 1995 37 375 41 608 34 329 Bow Clipper 1995 37 166 41 492 34 213 Bow Flower 1994 37 221 41 492 34 213 Bow Eagle 1988 24 728 32 458 19 662 Bow Cheetah 1988 40 258 47 604 - Bow Leopard 1988 40 249 47 604 - Bow Lion 1988 40 272 47 604 - Bow Peace 1987 45 655 52 173 2 167 Bow Pride 1987 45 655 52 173 2 167 Bow Prosper 1987 45 655 52 173 2 167 Bow Fertility 1987 45 507 52 173 2 167 Bow Fraternity 1987 45 507 52 173 2 167 Bow Panther 1986 40 263 47 604 - Bow Puma 1986 40 092 47 604 - Bow Victor 1986 33 190 34 500 21 975 Angelim 1985 10 259 10 136 6 500 Araucaria 1984 10 259 10 159 6 500 Bow Pacifico (50%) 1982 18 657 22 929 10 849 Bow Viking 1981 33 590 40 956 21 745 Jatai 1979 4 452 4 031 - 14 40 40 40 10 40 40 40 40 47 47 47 47 47 14 14 14 14 47 47 20 24 20 20 52 52 29 18 52 24 52 52 52 25 29 29 29 23 23 23 23 23 29 29 31 18 18 31 36 3 ON TIME CHARTER YEAR STAINLESS NUMBER BUILT DWT CBM STEEL, CBM OF TANKS Bow Tone Bow Hector Southern Jaguar Bow Sagami Bow Harmony Bow Cape Bow Kiso Bow Heron Bow Orelia³ Ncc Haiel³ Ncc Dammam³ Ncc Sudair³ Bow Omaria³ Bow Lima Bow Olivia³ Bow Octavia³ Bow Fuji Bow Ophelia³ Bow Plata Bow Engineer Bow Orania³ Bow Sky² Bow Architect Bow Rio Bow Europe Bow Santos² Bow Asia² Bow Singapore² Bow Americas Bow de Rich Bow de Feng Bow Andino Bow de Jin Bow Jubail² Bow Mekka² Bow Riyad² Bow Baha 2009 2009 2009 2008 2008 2008 2008 2008 2008 2008 2008 2007 2007 2007 2007 2007 2006 2006 2006 2006 2006 2005 2005 2005 2005 2004 2004 2004 2004 2003 2002 2000 1999 1996 1995 1995 1988 COMMERCIAL MANAGEMENT YEAR STAINLESS NUMBER BUILT DWT CBM STEEL, CBM OF TANKS JBU Sahppire JBU Opal Crystal Amaranto Crystal Ambra Euro Corallo Euro Mora Northern Wolverine Northern Lynx 2009 2009 1999 1998 1999 1998 2006 2003 Number of ships: 95 33 600 33 694 19 997 33 641 33 619 19 971 33 641 33 707 19 900 45 953 45 965 46 012 19 900 19 900 19 900 19 900 19 800 19 900 19 807 30 086 19 993 40 005 30 058 19 990 19 727 19 997 9 901 9 888 19 707 12 452 12 514 16 121 11 752 37 499 37 272 37 274 24 728 19 860 19 860 9 931 8 053 4 470 3 760 16 000 16 000 37 700 37 386 22 198 37 238 34 698 22 158 37 215 37 365 22 202 54 300 54 300 54 300 22 202 22 157 22 202 22 202 22 140 22 655 22 143 35 548 22 050 52 126 36 000 21 408 21 573 21 846 10 866 10 867 22 050 13 300 13 289 17 270 12 296 41 488 41 588 41 492 32 458 21 701 21 695 10 893 8 399 4 452 3 762 17 566 17 634 21 700 21 700 10 893 8 399 4 452 3 762 9 827 9 855 2 531 417 2 901 081 2 014 101 ¹ Vessel beneficially owned through financial lease. ² Vessel on bare-boat charter. ³ Vessel on variable timecharter. w w w . odfjell . com 37 700 37 386 22 198 37 238 34 698 22 158 37 215 37 365 22 202 - - - 22 202 22 157 22 202 22 202 22 140 22 655 22 143 35 548 22 050 52 126 36 000 21 408 21 573 21 846 10 866 10 867 22 050 13 300 13 289 17 270 12 296 34 209 34 257 34 213 19 662 16 16 20 16 16 20 16 16 20 22 22 22 20 20 20 20 22 20 22 28 20 40 28 22 36 22 20 20 36 22 22 30 20 52 52 52 25 16 16 24 22 17 14 35 35 ON ORDER YARD DELIVERY DWT 2011 2011 2011 2011 2012 2012 2013 2013 9 000 9 000 9 000 9 000 9 000 9 000 75 000 75 000 8 204 000 100 % 100 % 55 % 50 % 50 % 50 % 29,75 % 35 % 12.5 % 1 635 000 320 600 99 800 119 750 250 590 365 000 842 500 22 000 65 550 33 000 82 300 30 000 18 350 15 860 13 520 - 1 000 7 900 281 98 22 51 70 79 39 18 38 Total owned 3 720 790 201 930 696 46 680 97 720 40 800 55 027 8 052 12 000 7 000 47 135 62 980 32 840 293 127 1 600 19 784 2 900 - - - - 528 10 188 - 5 496 35 99 28 28 6 2 6 87 88 25 54 Total associated 703 361 Grand Total 4 424 151 40 496 460 242 426 1 156 NEW TOTAL ESTIMATED COMPLETION CCSIC Chongqing Chuandong Shipbuilding Industry Co., Ltd “ “ “ “ “ Daewoo Shipbuilding and Marine Engineering Co,. Ltd Daewoo Shipbuilding and Marine Engineering Co,. Ltd Number of newbuildings: OWNER Odfjell Odfjell Odfjell Odfjell Odfjell Odfjell Odfjell NCC Odfjell Terminals (Rotterdam) BV Odfjell Terminals (Houston) Inc Odfjell Terminals (Jiangyin) Co Ltd Odfjell Terminals (Dalian) Ltd Odfjell Terminals (Korea) Co Ltd Oiltanking Odfjell Terminal Singapore Ltd Oiltanking Odfjell Terminal & Co. L.L.C. Exir Chemical Terminals (PJSCO) Vopak Terminal Ningbo Ltd Rotterdam, NL Houston, USA Jiangyin, China Dalian, China Onsan, Korea Singapore Sohar, Oman BIK, Iran Ningbo, China Associated terminals Depositos Quimicos Mineros S.A. Granel Quimica Ltda Granel Quimica Ltda Granel Quimica Ltda Granel Quimica Ltda Granel Quimica Ltda Granel Quimica Ltda Odfjell Terminals Tagsa S.A. Odfjell Terminals Tagsa S.A. Terquim S.A. IMTT-Quebec Callao, Peru Santos, Brazil Rio Grande, Brazil Sao Luis, Brazil Ladario, Brazil Triunfo, Brazil Teresina, Brazil Buenos Aires, Argentina Campana, Argentina San Antonio, Chile Quebec, Canada PROJECTS AND EXPANSIONS TANK TERMINALS SHARE CBM ONGOING EXPANSION Odfjell Terminals (Houston) Inc 100% 320 600 10 700 331 300 Odfjell Terminals (Korea) 50% 250 590 63 120 313 710 Oiltanking Odfjell Terminal & Co L.L.C (Oman) 29.75% 842 500 425 000 1 267 500 498 820 Q4 2010 Q3 2011 Q1 2011 Associated terminals Depositos Quimicos Mineros S.A. Granel Quimica Ltda Granel Quimica Ltda Terquim S.A. Granel Quimica Ltda Granel Quimica Ltda Callao, Peru 46 680 Rio Grande, Brazil 40 800 Sao Luis, Brazil 55 027 Mejillones, Chile - Alemoa, Santos, Brazil - Aracruz, Brazil - odfjell quarterl y maga z ine 3 700 20 000 20 000 80 000 60 000 30 000 50 380 60 800 75 027 80 000 60 000 30 000 213 700 Q4 2010 Q3 2010 Q3 2010 Q1 2011 Q4 2012 Q3 2014 NR.03/ 10 STAINLESS NUMBER TANK TERMINALS LOCATION SHARE CBM STEEL, CBM OF TANKS 31 MAIN OFFICE ODFJELL MAIN OFFICE TERMINALS Odfjell SE - Odfjell Tankers AS Conrad Mohrsv. 29, P.O. Box 6101 Postterminalen 5892 Bergen, NORWAY Tel: +47 5527 0000 Fax: +47 5528 4741 Fax: +47 5527 9070 (Chartering/Operations) Odfjell Terminals BV Oude Maasweg 6, P.O. Box 5010 Harbour Number 4040 3197 KJ Rotterdam-Botlek The NETHERLANDS Tel: +31 102 954 700 Fax: +31 102 954 719 INTERNATIONAL OFFICES Odfjell USA (Houston) Inc. 12211 Port Road Seabrook, TX 77586, USA Tel: +1 713 844 2200 Fax: +1 713 844 2211 Odfjell Singapore Pte Ltd 6 Shenton Way, # 27-08/09 DBS Tower 2 SINGAPORE 068809 Tel: +65 6349 1300 Fax: +65 6224 2285 Odfjell Japan Ltd Ogawa Bldg. 8F 2-2 Uchikanda 1-Chome Chiyoda-ku, Tokyo 101-0047, JAPAN Tel: +81 3 3259 8555 Fax: +81 3 3259 8558 Odfjell Netherlands BV Oude Maasweg 6, P.O. Box 5010 3197 XC Rotterdam-Botlek The NETHERLANDS Tel: +31 102 953 666 Fax: +31 102 953 668 Odfjell Brasil Ltda Av. Paulista 460 - 18 andar CEP 01310-000 Sao Paulo SP, BRAZIL Tel: +55 11 3549 5800 Fax: +55 11 3549 5808 Odfjell Shanghai Suite B, 13F Huamin Empire Plaza 728 Yan An West Road Changning District Shanghai 200050, P.R. CHINA Tel: +86 21 5239 9469 Fax: +86 21 5239 9897 Odfjell India A-26, Nandbhuvan Industrial Estate Mahakali Caves Road, Andheri (East) Mumbai 400093, INDIA Tel: +91 22 6695 4701 Fax: +91 22 6695 4707 Odfjell Dong Zhan Shipping (Shanghai) Co.,Ltd Suite C, 13F Huamin Empire Plaza 728 Yan An West Road Changning District Shanghai 200050, P.R.CHINA Tel: +86 21 5239 5393 Fax: +86 21 5239 9897 Odfjell Argentina SA Alicia Moreau de Justo 1960 Office no. 202 - Puerto Madero 1107 Buenos Aires, ARGENTINA Tel: +54 114 313 7837 Fax: +54 114 313 4619 Odfjell Durban (Pty) Ltd The Sharaf House 2 Sinembe Crescent La Lucia Ridge Durban 4051, SOUTH AFRICA Tel.: +27 31 5834470 Fax: +27 31 5834488 Odfjell Tankers AS, Korea Branch Room 1815 Gwanghwamum Officia Bldg. 163 1-ga Shinmunno Jongn-gu, Seoul, 110-999 Korea Tel: +82 2 775 9760 Fax: +82 2 775 9761 Odfjell Korea Ltd. 136, Cheoyong-Ri, Onsan-Eup, Ulju-Gun Ulsan, KOREA Tel: +82 52 227 5527 Fax: +82 52 227 5567 Odfjell Australia Pty Limited Suite 4, Level 1 443 Little Collins Street P.O.Box 1279 Melbourne VIC 3001 AUSTRALIA Tel: +61 3 9642 2210 Fax: +61 3 9642 2214 Odfjell Chile Puerta del Sol 55 Las Condes, Santiago CHILE Tel: +56 2 3307221 Fax: +56 2 3307948 Odfjell Philippines Inc. 4th Flr Atlantis Beacon Tower 2315 Leon Guinto St. Malate, Manila 1004 PHILIPPINES Tel: +6325280341 Fax: +6325262256 Odfjell (UK) Ltd 14 Headfort Place London SW1X 7DH UNITED KINGDOM Tel: +44 207 823 0605 Fax: +44 207 823 0606 Odfjell Peru Av. Enrique Meiggs, 240 Urb. Chacaritas, Callao, PERU Tel: +51 1 614 0800 Fax: +51 1 614 0801 NCC Odfjell Chemical Tankers JLT Room 3101-3104, Liwa Heights Jumeirah Lake Towers P.O.Box 214459 Dubai, UNITED ARAB EMIRATES Tel: +971 4 440 1700 Fax: +971 4 441 1701 REGIONAL OFFICES Odfjell Asia Pte Ltd 6 Shenton Way, # 27-08/09 DBS Tower 2 SINGAPORE 068809 Tel: +65 6349 1300 Fax: +65 6224 2285 Flumar Transportes de Quimicos e Gases Ltda Av. Paulista 460 - 18 andar CEP 01310-000 Sao Paulo SP, BRAZIL Tel: +55 11 3549 5800 Fax: +55 11 3549 5807 Odfjell Tankers Europe AS Conrad Mohrs veg 29 P.O.Box 6101 Postterminalen 5892 Bergen, NORWAY Tel: +47 5527 0000 Fax: +47 5527 9070 Odfjell Terminals (Rotterdam) BV Oude Maasweg 6, P.O. Box 5010 Harbour Number 4040 3197 KJ Rotterdam-Botlek The NETHERLANDS Tel: +31 102 953 400 Fax: +31 104 384 679 Odfjell Terminals (Dalian) Ltd New Port Economy & Technology Development Zone 116601, Dalian P.R. CHINA Tel: +86 411 8759 5500 Fax: +86 411 8759 5549 Odfjell Terminals (Korea) Co, Ltd 136, Cheoyong-Ri Onsan-Eup, Ulju-Gun Ulsan, KOREA Tel: +82 522 311 600 Fax: +82 522 376 636 Oiltanking Odfjell Terminals & Co. Llc. P.O. Box 369 PC., 322 Fajal Al Qubail Sohar, SULTANATE OF OMAN Tel: +968 2670 0300 Fax: +968 2670 0306 Odfjell Terminals Maritiem BV Oude Maasweg 5 Harbour Number 4020 3197 KJ Botlek-Rotterdam THE NETHERLANDS Tel: +31 10 2951 300 Odfjell Terminals (Jiangyin) Co., Ltd 1314 West Binjiang Road Shizhuang New Harbour City, Jiangyin Jiangsu 214446 P.R. CHINA Tel: +86 510 8666 9111 Fax: +86 510 8666 9110 Oiltanking Odfjell Terminal Singapore Pte Ltd 1 Seraya Avenue SINGAPORE 628208 Tel: +65 6473 1700 Fax: +65 6479 4500 Vopak Terminal Ningbo Ltd. No. 111 Zhaobaoshan Road, Zhenhai District Ningbo, P.R. CHINA Tel: +86 574 2769 5638 Fax: +86 574 8627 5931 Terquim S.A Blanco Encalada 840 Dept 702, San Antonio CHILE Tel: +56 35 21 1050 Fax: +56 35 21 1161 DQM S.A Av.Enrique Meiggs, 240 Urb.Chacaritas, Callao, PERU Tel: +51 1 614 0800 Fax: +51 1 614 0801 TERMINALS Odfjell Terminals (Houston) Inc. 12211 Port Road Seabrook, TX 77586, USA Tel: +1 713 844 2300 Fax: +1 713 844 2355 ASSOCIATED TERMINALS Granel Quimica Ltda Av. Paulista 460, 18° andar CEP 01310- 000 São Paulo, SP BRAZIL Tel: +55 11 3549 5800 Fax: +55 11 3549 5832 Tagsa S.A Av. Alicia Moreau de Justo 1960, piso 4 Of. 402 1107 Buenos Aires ARGENTINA Tel: +54 11 4001 9700 Fax: +54 11 4001 9701 w w w . odfj e ll . c o m
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