Oct ObEr 2015 - Odfjell SE · Oct ObEr 2015 . ... turbo chargers and shaft generator. these combined upgrades ... equally energy efficient as the eco-design

ODFJELL

OctObEr 2015

www.odfjell.com

Odfjell Quarterly

EDITOR: Margrethe Gudbrandsen

EDITORIAL COMMITTEE:Karin Ryland Blom, Matt Duke, Geirmund Drivenes, Leif Gunnar Alvr, Siri Anne Mjtvedt,

CORRESPONDENTS:PHILIPPINES: Shiela Virtusio

Deadline next issue:9 February 2016

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

Front cover: Odfjell Modified image of Bow Clipper with the energy scale

Photo this page: Bow Clipper being retrofitted with new energy efficient propeller blades and rudder-bulb

cONtENtS

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

HighlightsOdfjell to reduce fuel consumption and emissions 04Years of work finally pays off 06Shifting customer base towards longer runs and larger parcels 08

Landmarks Project Felix:-Six months into the implementation phase 09Commercial Meeting for Odfjell Terminals Asia 10Best quarterly operational performance since third quarter 2008 11Odfjell Academy maritime training facility now up and running in the Manila office 12CEO visits OiP 13Odfjell recognised for extraordinary contribution 14

QHSEOiP joins quake drill 15Bow Cardinal crew and officers within BMI limits 16Bow Saga shines anew in the last inspection campaign 17

briefingsDry-docking course pilot 18New IT system aim to reduce vessel energy consumption 19Maximising the utilisation of our assets 20Basic Shipping Familiarisation Course for Crewing Personnel launched 21Do you know our media guidelines? 22

Sea and shoreBow Saga lives the ideals of Project Healthy Living on board 23Chairman of Odfjell donates USD 50,000 to Habitat for Humanity Philippines I BUILD Campaign 24

PersonnelOdfjell Cadet among the Top 30 of the 2015 TOSP 2614 Filipino sailors awarded for 25 years of exceptional loyalty and service 27

Fleet & terminals 30Offices and addresses 32

o d fj e l l q u a r t e r ly m a g a z i n e

3

NR

.02/

15

As you know I joined the Odfjell team on 1 August 2015 and I have been very busy during the last two months. My priorities have of course been to focus on getting up to speed on the business in general, and to make sure that I understand all ongoing activities and projects, but maybe even more importantly, I have been spending the last two months listening, learning, meeting colleagues, seeing customers, visiting terminals and vessels, and in every respect getting to know every corner of Odfjell life.

It has been a fantastic journey so far. I believe it was the writer John Le Carre who once said a desk is a dangerous place from which to view the world and I like that quote. If we do not stay in touch physi-cally with the world around us, we will not succeed in the long run.

I want to thank you all for the warm welcome I have received, no matter where I went or who I spoke to. I am impressed by the level of engagement and by the level of competence and commitment that I have met. I am looking forward to meeting the rest of the team soon!

Now to the business.

Late August I had the pleasure of presenting our second quarter financial results, and it was an honour to present the best quarterly performance since third quarter 2008. One of the key messages of the presentation was that I was presenting this on behalf of the entire Odfjell team, as the entire organisation has been working hard with Project Felix to get to where we are today.

Another point I made in the presentation is, that we do not consider this a destination which we have reached, but that it is a point on a journey, and the journey will continue. But what does that mean?

In my opinion we have to take the thinking behind Project Felix into our hearts and continuously ask ourselves how we can do things better and more efficiently for instance; we have a lot of potential in using our own data to make better decisions and to operate more efficiently. Currently our chemical

tanker fleet spends 51% of their time in port Imagine the potential in reducing that by even just 5-10%! It is things like that we need to be working with.

This does NOT mean that we will only be focussing on savings, and not investments and growth. We should of course keep investing in the business, and we should use the unique platform that Odfjell is, to grow and further strengthen our business however, we need to be smart about how we spend our capital, and be nimble and grab opportunities in the industry, whether that is a growth project, or investing in modification of existing vessels to save fuel.

All the things I describe above are part of our plan of building strength. We have lost money since 2008 and our financial strength is weaker than we are used to, so we need to focus on our ability to generate profit, and rebuild our financial strength.

One of my friends once said: - Kristian, you dont loose weight by deciding to go to the gym; you loose weight by actually GOING to the gym! My point is that we are only going to change things by actually DOING things differently, not by only talking about them. Everyone on the Odfjell team has a role to play, and if we all focus on doing our jobs as well as we can, and continue to be curious and embrace new ways of doing things, there is very little that we can not achieve togetherso lets do it!

I am looking forward to continuing the journey together with you all, and as I have been mentioning to a lot of you; please contact me if there is anything I can do, or if you have any question or concern that I can address, which will make progress easier.

Dear Colleagues,

Kristian Mrch, CEO

06 12 18 26

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

4

HigHLigHtS ODFJELL QUARTERLY mAgAzinE

Odfjell is upgrading the propulsion system for 19 vessels with new technology to optimise energy efficiency. the vessels will be equipped with new energy efficient propeller blades, rudder-bulb and will undergo technical upgrades of the main engine, turbo chargers and shaft generator. these combined upgrades will reduce fuel consumption and emissions by up to 20%. the vessels will be amongst the most energy efficient chemical tankers in the world, and will achieve the highest score on the rightShip energy rating, A+.

20% - a major achievement The initial model tests, which were carried out at Norwegian Marine Technology Research Institute (Marintek ), indicated a reduction in fuel consumption of about 15% for our series of eleven 37,000 deadweight (dwt) vessels (Kvaerner class). Sea trials before and after the upgrade show an overall efficiency gain of more than 20%. With such excellent result we will also upgrade additional eight 40,000 dwt vessels (Poland class). The concept has been developed by Odfjell, in close cooperation with MAN Diesel & Turbo, but also Grenaa Motorfabrik and ABB AS Turbocharging. The upgrade includes highly efficient Kappel propeller blades, fairing cone and rudder bulb, shaft generator gearbox and Odfjell determined settings.

Dr. Kourosh Koushan, Research Manager at Marintek, acknowledges Odfjells initiative and says: - We are involved in many projects related to energy saving and the reduction of emissions. Odfjell is one of our clients showing great technological interest and willingness to apply energy saving measures to reduce emissions. In this particular project we documented an energy saving in excess of 15% for the Kvaerner class, which is high compared to many other vessels tested. In the second project for Odfjell we documented a saving of approximately 20% for the Poland class, which is exceptional.

- The full scale sea trial for our 37,000 dwt vessel concluded with a 20% reduction. This is

even better than the model test results and is as such highly satisfactory, says Helge Olsen, SVP Ship Management in Odfjell.

implementationIn August, Bow Clipper (37,000 dwt) was the first vessel to be upgraded. The successful upgrading of this Kvaerner class vessel was done during scheduled dry-docking. The remaining 18 vessels are planned to be upgraded within 2017.

Energy rating from D+ to A+Due to the significant reduction in emissions the vessels, previously rated D+, will improve the energy rating to A+ on the RightShips energy rating. As such the vessels will be as equally energy efficient as the eco-design vessels being built today. The last four new-buildings delivered to Odfjell are also rated A+. The upgraded vessels will result in Odfjell managing one of the most eco-friendly fleet within the chemical tanker segment.

Odfjell to reduce fuel consumption and emissions with up to 20% with new propulsion conceptBy Margrethe Gudbrandsen, Sr. Advisor Communication, Bergen

The crew on board Bow Clipper could proudly paint on the Odfjell modified RightShip energy scale last week of September. With this logo; every port will know that this ship is rated as A+


5

NR

.02/

15

bow clipper 37,221 dwt Built 1995 Chemical tanker with 52 fully segregated

cargo tanks of stainless steel Built at Kvaerner Govan, Scotland

the Kvrner class Series of 16 vessels built by Kvaerner for

Odfjell. 13 vessels were built at the Kleven Shipyard in Flor, Norway. Three vessels built at Kvaerner Govan in Scotland

The vessels were at the time built and still are the most advanced chemical tankers in the world and bristle with technology like controllable pitch propeller, shaft generator on main engine, bow thruster, fixed tank cleaning machines, and radar set in each tank gauge ullage

Two of the vessels in this series are sold and is no longer part of the Odfjell fleet

the Poland class Series of eight 40,000 dwt chemical

tankers with 40 duplex stainless steel cargo tanks

Built at the Polish Szczecin yard between 2003 and 2007

Marintek (Norwegian Marine technology research institute)

The Norwegian Marine Technology Research Institute Marintek performs research and development for companies in the field of marine technology

Marintek is a company in SINTEF, the largest independent research organiza-tion in Scandinavia, and develops and verifies technological solutions, business and operating concepts for the shipping, marine equipment, ocean energy and petroleum industries

Marintek has more than 70 years of expe-rience in the developing of cost-effective, high performance ships, where model testing in our laboratories constitutes an important element

They have testing facilities, expertise and analytical tools for developing operation-ally efficient and safe ship concepts.

rightShip Is a global ship vetting company RightShip developed the Greenhouse

Gas (GHG) Emissions Rating to address the 76,000+ vessels currently in service that annually contribute over one billion tonnes of carbon dioxide into the atmosphere

RightShips' GHG Emissions Rating measures the theoretical amount of CO2 emissions for each vessel. Using an A to G scale, this is compared to other vessels of a similar size and type, with A represent-ing the most efficient vessels

It is a separate rating to the risk rating, and does not impact the current inspection process or standard recom-mendation criteria - although a growing number of customers do factor it into their chartering selection process

RightShips Existing Vessel Design Index (EVDI) estimates the theoretical amount of carbon dioxide emitted per tonne nautical mile travelled, based on the design characteristics of the ship at the time of build such as cargo carrying capacity, engine power and fuel consumption. While the International Maritime Organizations (IMO) Energy Efficiency Design Index (EEDI) applies to new ships, the EVDI can be used for the existing fleet

EVDI values are calculated from ship-sourced data as well as RightShips SVIS, IHS Maritime, classification societies, engine manufacturers and yards. RightShip also works closely with ship owners to validate the data used across their fleet lists

The Greenhouse Gas (GHG) Emissions Rating is a practical measure derived from the EVDI that allows relative comparison of a ships carbon dioxide emissions to vessels of a similar size and type using a simple A G rating scale

The benefits of the environmental rating include:

- informed selection for reducing emissions

- opportunity for charterers to align vessel selection with their company sustain-ability standards

- rewarding and recognising sustainable operators through greater acceptance of their ships

- fast and easy access to data that has previously been dispersed and costly to gather

Odfjell to reduce fuel consumption and emissions with up to 20% with new propulsion conceptBy Margrethe Gudbrandsen, Sr. Advisor Communication, Bergen

- This investment in vessel efficiency demon-strates Odfjell's leadership in environmental sustainability. It is also a smart move from a business perspective positioning Odfjell advantageously in the market, says Warwick Norman, CEO of RightShip.

- This project shows Odfjell at its finest; it is a result of a true team effort, and demonstrate the deep know-how of our organisation, says Kristian Mrch, CEO Odfjell SE.

Fast facts upgrading project

The crew on board Bow Clipper could proudly paint on the Odfjell modified RightShip energy scale last week of September. With this logo; every port will know that this ship is rated as A+


6


Years of work finally pays offBy Knut Erik Fredriksen, VP Technology Management, Bergen

On 17 August, the day we had all been waiting for finally arrived. it was on this day that bow clipper became the first vessel in our Kvaerner class to leave the repair yard in bahrain with an upgraded propulsion system. All our plans and preparations had finally been realised. the installation and commissioning had been completed as planned without any problems. At this stage, the only remaining task now on the project plan is the second and final sea trial in order to verify the actual efficiency improvement for the propulsion system.

In 2012 Ship Management started to evaluate the propulsion system on the Kvaerner class. Since the first of these vessels was delivered in 1994, a potential for improving propulsion efficiency was expected by replacing propel-ler blades to the latest design available. This potential was verified by propeller vendors and it was soon evident that this was the answer needed to proceed with the project. As a result, we carried out a full evaluation of the existing propulsion system in order to map out all potential improvement areas. Due to the high expectations of this project it was included in the bunker project of the Felix Project autumn 2014.

thoroughly testedSeveral on-board tests were carried out to gain more knowledge of how the propulsion system responds on different modes with regards to efficiency. The results from these tests were processed by the project team and used to determine new modes for the upgraded pro-pulsion system. Elements such as vessel service speed, main engine power and revolutions per minute (rpm), turbo charger and shaft generator gear were all evaluated.

In 2014 it was concluded that the best choice was to continue model tests with Kappel propeller blades from MAN Diesel & Turbo. Preparations for the model tests started and we decided to carry out the tests at Marintek, scheduled early 2015. In January 2015, the resistance and propulsion tests were executed at Marintek. The results achieved from the tests concluded with more than 15%, which was encouraging and even better than had been calculated and expected.

incredible resultShortly after the completion of the model tests, contracts were agreed with MAN Diesel & Turbo, Grenaa Motorfabrik and ABB Turbocharging. The first vessel Bow Clipper

was planned for upgrade during summer 2015. The installation went as planned during dry-dock and the only remaining factor was to verify results in a second full scale test. After leaving the yard, Bow Clipper was booked for a full load which was several thousand tonnes more cargo than the initial sea trial. The sea trial was carried out in the Mediterranean on 23 September. The results of the sea trial concluded with a decreased fuel consumption of more than 20% which is an incredible result.

This was a great result and it gives fantastic motivation to continue giving full attention to the continuation of the project. The plan is to complete installment of the upgrade package on all eleven vessels included in the project by 2017.

A parallel project we are working on is to put in place an upgrade with a similar scope for the Poland class (B588). Model test results at Marintek for this class concluded with 20%. The first vessel to achieve the upgrade will be Bow Summer, which is scheduled for mid-October 2015. We are very excited about the model test results and look forward to the second full scale sea trial to verify efficiency improvement. This project is also part Felix/bunkers and scheduled for completion within 2017.

In 2014 we concluded that the best choice was to continue model tests with Kappel propeller blades from MAN Diesel & Turbo


7

NR

.02/

15

Years of work finally pays offBy Knut Erik Fredriksen, VP Technology Management, Bergen

The new highly efficient propeller blades arrived safely at the shipyard in Bahrain

Excitement on bow clipperbow clipper was the first vessels to undergo this upgrade and it has given exceptionally good results. A very exciting project for the captain and the crew to be part of. - This innovative project will set a benchmark in the Odfjell fleet or perhaps within the ship-ping industry on a wider perspective being classified as Class A+ energy efficient vessel. I am proud to be on board and to sail with an environmently friendly, 20 years old lovely,

fine lady, says Captain Randy Allan D. Cabiao enthusiastically.

- As a member of crew of Bow Clipper, the first vessel in the fleet to be fitted with new and improved propeller, I could see successful results and with that a domino effect being created within the shipping industry which will be beneficial to the Company and to its people, says Wiper RS Bridge D. Poja.

Odfjell will subject to the upgrading of all the selected vessels have 24 A+ rated vessels in the fleet

8


w w w . O D FJ E L L . c O m

8

Odfjell SE appoints new head of Odfjell tankers

On 6 October 2015, Odfjell appointed Senior Vice President Harald Fotland to new Head of Odfjell tankers.

Mr. Fotland comes from the position as SVP/Chief of Staff and has for the past 18 months also been responsible for the

cost-cutting and efficiency programme in Odfjell. We have also appointed Vice President Arild Viste to Global Head of Tanker Trading in Odfjell Tankers. Mr. Viste comes from the position as Vice President for Commercial Development.

New head of Odfjell Tankers: Harald Fotland

Odfjell Terminals (Rotterdam) PiD:

Shifting customer base towards longer runs and larger parcelsBy Irgen Iversen, Business Development Manager EMEIA, Odfjell Terminals, Rotterdam

As most of you know, Odfjell terminals (rotterdam) (Otr) is equipped with a Petrochemical industrial Distillation (PiD) plant. the plant consists of four independent distillation towers, and its main stay of busi-ness is splitting products into higher value components as well as restoring off-spec products.

In 2014 we shifted the primary business focus from historically smaller parcels (batch-run operandi) towards longer runs and larger parcels. Since then, OTR has been quite suc-cessful in shifting its customer base towards

larger parcels, as well as achieving an even continuous run distillation. Thus, for 2015 the PID is set to reach 400-500,000 mt production, which is the highest volume in over five years.

Continuous 24/7, distillation has been achieved over a contract to distil crude oil (DOBA crude) into emission control areas (ECA) 0.1% compliant marine heavy fuel oil. DOBA is a fit-for-purpose crude with a very low sulphur content. Distillation of DOBA got under way in April 2015 and has since grown into a stable and continuous 24/7 production. The product has been well received in the

marine market where we are seeing a steadily growing demand. It is therefore expected that increased production capacity will be needed in 2016. As a push to increase such capacity, one of the PIDs four distillation towers is undergoing debottlenecking/refurbishing as we speak, scheduled for completion January 2016, a move which will more than double DOBA capacity. In conclusion, OTRs PID plant is well on its way to reaching an all-time high performance.

One of the PIDs four distillation towers is undergoing debottlenecking/refurbishing, scheduled for completion January 2016 - a move which will more than double DOBA capacity

OTR and the PID is now welcoming bigger volumes of DOBA crude oil for distillation. In mid-March this year, Princimar Grace, was the largest ship ever to dock at OTR


9

NR

.02/

15

LANDMArKS ODFJELL QUARTERLY mAgAzinE

Project Felix:

- Six months into the implementation phaseBy Harald Fotland, SVP/Chief of Staff, Bergen

it is, at the time of writing, six months since the improvement proposals in Project Felix were adopted by the board of Odfjell SE. Since then we have unfortunately had to say goodbye to more than 100 highly valued colleagues, we have reorganised every department, we have reallocated tasks and responsibilities and we have at the same time implemented more than 300 different improvement initiatives. During the same period we have success-fully transported millions of tons of cargo and executed thousands of port calls. We have also seen our KPis (Key Performance indicators) gradually improve, maintained our good safety performance and implemented several new initiatives which have been identified and proposed by the organisation along the way.

One of our four corporate values is Innovative. This value is further elaborated in our quality system by the sub paragraphs embrace change and develop and imple-ment new and improved processes. Project Felix is an excellent example of how we are living up to our values: It has been impres-sive to observe the organisations willingness and ability to change. Some departments have been reduced by more than 50% and yet they still deliver beyond expectations! Unnecessary tasks have been abandoned and existing tasks are performed in new and more effective ways. We also see new examples of cost consciousness almost on a daily basis. Fingers crossed: I think we are now through the most difficult part. The reorganisation processes are nearing completion and focus going forward will be on stabilising the results already achieved, continued trade optimisation, improved energy efficiency and completion of the technical improvement projects on board our vessels.

Changes can impact our safety performance whether they are related to organisation, pro-cesses, roles or responsibilities. The Project Felix change process therefore brings me to two of our corporate leadership principles: Focus on our team and lead by example. These are now increasingly important, and it is expected from leaders in Odfjell that we work together towards our common goals, that we promote an open and inclusive

communication, that we share informa-tion and that we promote excellence in our performance. Project Felix has brought new dimensions to these principles.

It is also reassuring to know that the majority of our redundant colleagues have been able to find new employment. They were not supernumerary because of performance or qualifications but simply because of the circumstances. It is therefore good to observe that an Odfjell background and competence is

much sought after in society even in a difficult job market.

When Project Felix is completed we will have an organisation fit for purpose, competitive, operational expenses, a more optimal fleet composition and we will operate a fleet with significantly improved fuel consumption.That is a great starting point for our next century!

When Project Felix is completed we will have an organisation fit for purpose, competitive operational expenses, a more optimal fleet composition and we will operate a fleet with significantly improved fuel consumption

1010



First Occupational Qualification certificate in Liquid Terminal Operator By Summer Li, Commercial Manager Odfjell Terminals China, Shanghai

Odfjell terminals well-organised training facility in Dalian, the Odfjell Dalian Port consulting co. Ltd (ODPc) issued in April 2015, 83 Liquid terminal Operator qualification cer-tificates to 52 Odfjell terminals (Dalian) (OtD) operators and 31 Odfjell Nangang terminals (tianjin) (ONtt) operators.

The Occupational Qualification Certificate was stamped by Chinas Ministry of Human Resource and Social Security, Ministry of Communication Labor Bureau and Occupational Skill Testing Authority. This is the first occupational qualification certificate ever issued for liquid terminal operators in China and ODPC is the first and only Chinese training centre qualified to issue such certificates.

commercial Meeting for Odfjell Terminals Asia By Summer Li, Commercial Manager Odfjell Terminals China, Shanghai

On 7-8 May 2015, the commercial Meeting for Odfjell terminals Asia took place in Seoul, South Korea, in conjunction with the 36th Asia Petrochemical industry conference (APic). During the APIC, we had fruitful meetings with various delegates from major industry players in Asia and established and potential business partners where Odfjell Terminals Asias advantages and strengths were well presented.

The annual Commercial Meeting for Odfjell Terminals Asia was an invaluable conduit for exchanging information and sharing issues of common concern, and above all, an excellent networking platform for our Asia commercial team. Another success we had was a joyful meeting with Odfjell Tankers participants. Asia Terminals envisage an increased cooperation with Odfjell Tankers to develop synergies and business.

All in all we had a memorable and great time in Seoul embracing the beauty of both tradi-tion and modernity.

From left: Tham Wai Keun (Commercial Manager Region Asia), Keun-Ae Youn (Sales Manager Odfjell Terminals (Korea)), Summer Li (Commercial Manager China), Sung-Chang Ju (Chief Commercial Officer Odfjell Terminals (Korea)), Scott Zhao (Commercial Manager Odfjell Terminals (Jiangyin)), Tony Tao (Commercial Manager Odfjell Nangang Terminals (Tianjin)) and Kai Fei (Commercial Manager Odfjell Terminals (Dalian))

From training at Odfjell Terminals Nangang (Tianjin)

Occupational Skill Testing Authority signed an agreement with Odfjell Dalian Port Consulting (ODPC) in October 2014 to develop liquid terminal operator training courses and tests and conduct occupational qualification appraisal. After five months of training and evaluation, all 83 operators were identified by the assessment and obtained the correspond-ing junior, intermediate and senior liquid terminal operator occupational qualification certificate.

ODPC will play a significant role in the pet-rochemical industry as a training platform in China and it aims to set up an industry standard for job qualifications, while provid-ing good training services not only to Odfjell Terminals but also to our competitors. Odfjell is setting up the Chinese national safety

training standard for terminal operators. This is a very important milestone for Odfjell Terminals in China and great thanks to all colleagues involved for their long effort and real achievement.


11

NR

.02/

15

best quarterly operational performance since third quarter 2008. Net result for the Odfjell group is USD 7 million.

During second quarter we have seen a steady improvement of the chemical tanker market in general with improved earnings both in the deep-sea segment as well as in the remaining regional operations. The Odfjell chemical freight index (ODFIX) was up 5% compared with the previous quarter.

We see continued improved results from Odfjell Terminals with an EBITDA of USD 18 million first half 2015. Performance was driven in part by the high demand for spot and mid-term storage due to contango in the oil market.

The cost-cutting and efficiency programme is progressing as planned with all cost reduction initiatives on schedule.

We expect third quarter 2015 to be similar to the second quarter for our chemical tankers on a further reduced cost base, but with a slightly softer market. With regard to our terminals, we expect stable to improved earn-ings on capacity expansions and continued positive development at Odfjell Terminals (Rotterdam).

in May 2015, the international Liquid terminals Association (iLtA) awarded Safety Excellence Award to Odfjell terminals (Houston) (OtH) and Odfjell terminals (charleston) (Otc). The Safety Excellence Award is awarded to terminal companies (members of ILTA) that have achieved a TRIR (Total Recordable Incident Rate) of less than 1.0. Both Odfjell terminals in the US have indeed achieved a TRIR of less than 1.0. Both terminals are currently at a TRIR of 0.0.- I am pleased to be able to share with you the great news that Odfjell has earned ILTAs 2015 Safety Excellence Award! ILTA congratulates you on winning this presti-gious award, and applauds your efforts to promote a safe working environment. Achieving a TRIR of less than 1.00 (0.00 in your case) is a significant accomplishment, says Tomas W. Dunn, Manager of Regulatory Compliance and Safety at International Liquid Terminals Association.

OtH and Otc receive

Safety Excellence Award By Joe Nassif, President OTH and Odfjell USA, Houston

Both Odfjell terminals in the US are currently at a TRIR of 0.0

Odfjell SE second quarter and first half year result 2015:

best quarterly operational performance since third quarter 2008By Terje Iversen, CFO/SVP Finance, Bergen

During second quarter we have seen a steady improvement of the chemical tanker market in general with improved earnings. The three vessels Bow Bracaria (picture), Bow Balearia and Bow Brasilia traded in the European regional trade, but sold during summer due to unprofitable trade


12


Odfjell Academy maritime training facility now up and running in the manila office By Shiela Virtusio, Information Officer, Manila

On 31 August 2015, the construction of Odfjell Academy's maritime training facility in the Manila office was completed.

Initially situated in Subic, the training facil-ity was relocated to further integrate Odfjell Academy with the Companys overall business activities in the Philippines and to provide seafarers better access to it.

Odfjell Academy Head, John Ivan Tugado, stood as Project Manager during construc-tion and guaranteed the project's completion on time and below budget. A coordinated construction work among several contrac-tors in civil engineering, electrical works and container van fabricators, the project also involved a number of vacationing Odfjell crew. Mr. Tugado maintained that it is the Odfjell

crew who made the facility as close to an Odfjell setup as possible. Among the crew who worked on the project are CE1 Rafael Batitis, CE2 Romezeus Atienza, Fitter1 Onofre Abalos, Pman Reny Ortega, Fitter3 Rodrigo Yao, Bsn1 Alberto Adona, Bsn2 Ramil Basilonia, Elect1 Froilan Llarenas, Elect2 Ramon Pulmones, Wpr John Rey Tapar and Fitter2 Andre Nebreja.Competence Manager Fredrik Larsen expressed his pleasure with how the construc-tion turned out: - I am happy to finally see that all efforts given to the Academy Project has come to fruition. This new learning environment will give us lots of opportunities to further develop the competencies of our seafarers from various ranks.

EquipmentIn addition to the Framo pumps and oily water separator, an engineers workshop area with key engine parts has been set up in the train-ing facility. The installation of such equipment is aimed at having training simulations on deck and engine operations for officers and ratings alike.

initial trainingsWith the training facility completely installed, Odfjell Academy administered several train-ings including a pilot course.

Competence Manager Fredrik Larsen con-ducted another Cargo Handling Refresher on his visit to Odfjell in the Philippines (OiP). The training, which is held quarterly, ran from the 1st to the 3rd of September.

The three days Oily Water Separator Marinfloc course in Manila also commenced in September under the supervision of Fleet Machinery Surveyor Leo Gegajo. The course has been developed by Manager Machinery Gimmi Ellingsgaard and his Fleet Machinery Surveyor team.

Odfjell Academy, in collaboration with Gimmi Ellingsgaard, conducted a pilot course for support level seafarers on 9 September. The Framo pumps for ratings course was intended to enhance the operational skills of able and promotable ordinary seamen of the Framo pump system.

The Odfjell Academy maritime training facility in Manila

From inside the training facility

A fantastic opportunity for the crew to be able to contribute to the success of installing the training facility in the Manila office


13

NR

.02/

15

cEO visits OiP By Shiela Virtusio, Information Officer, Manila

Kristian V. Mrch, cEO of Odfjell SE, flew to Manila for a two-day visit to Odfjell in the Philippines (OiP) on 10-11 September.

Mr. Mrch's first day in the Manila office began with a meeting with Department Heads for the presentation of OiP. Afterwards, VP Maritime Personnel (MPS) Tore Henriksen gave Mr. Mrch a tour of the office and an opportunity to meet the employees. Department Heads and Team Leaders provided Mr. Mrch with an overview of what their respective units do, and introduced their team members to the CEO who was very eager to say hi to everyone.There was a presentation from the MPS in the afternoon, followed by Mr. Mrch's meeting with the Extended Management Team. After the presentation, Mr. Mrch met with the entire OiP organisation for a presentation of the second quarter financial report.

On Friday, the CEO met with Competence Manager Fredrik Larsen, the Employee Board, a number of Philippine crew, and with Odfjell Cadet Programme Class of 2015.

Mr. Henriksen shared in his weekly newsletter the following words from the CEO: - Now I have been here, so now I will be your ambassador.

The CEO's first day in OiP concluded with a photo session which proved to be a delight to everyone in the Manila office

Kristian Mrch was able to meet Odfjell Cadet Programme's Class of 2015 during his stay in the Phillipines

Kristian Mrch was well guided around the new facilities at the Odfjell AcademyMuch to learn from the training facility

14

to better structure the corporate QHSE requirements, we have consolidated the cQMr and HSE&cSr into one document corporate QHSE & cSr requirements (Pri-0004).

Corporate Quality Management Requirements (CQMR) and Corporate Health/Safety/Environment & Social Responsibility Requirements (HSE&CSR) are documents actively used during system audits etc. to control and support our activi-ties. The objective of these documents is to set corporate requirements on the Quality Management System (QMS) and how we want to do our business.

This will be a key document in our QMS and to make it shorter and clearer, recom-mendations have been taken out and a numbering system introduced to facilitate identification of comments and findings. The main chapters contain requirements on QMS structure/documentation, leadership, planning, support, operation, performance evaluation and improvement. A short presen-tation on the main topics of this document is available on Insites startpage under QHSE campaign. In addition a brochure containing the Corporate QHSE & CSR Requirements for internal communication is under development.


Odfjell recognised for extraordinary contribution By Johan Halle, General Manager, Singapore

Whilst visiting our charterers ixom early this September, we were surprised and humbled by ixoms cEO Andrew Larke presenting us with A global First Achievement award in recognition of Odfjells extraordinary contribu-tion to the successful supply of Monoethylene glycol (MEg) to chevrons gorgon LNg project. in presenting the award, Mr. Larke emphasised the professionalism Odfjell had displayed throughout the project; from the commercial courage shown in taking on the project, the planning process involved to ensure safe execution and to the on board execution by the crews on bow Dalian, bow Nangang and bow Fuling. We have also received glowing feedback from chevron who reemphasised all the hard work of those involved in ensuring incident and injury free operations.

the chevron gorgon LNg ProjectChevrons Gorgon LNG project is one of the worlds largest natural gas projects where the sub-sea gas is gathered and piped to Barrow Island in North West Australia (you can read more about the project here: - www.chevro-naustralia.com/our-businesses/gorgon). As a natural reserve, Chevron went to extensive lengths to ensure no damage was caused to the environment including also criteria for vessels cleanliness well beyond our industry standard. The MEG we delivered fills the undersea pipe-lines and the specification, including oxygen content of the product, is crucial to ensure the efficient extraction of the LNG.

In order to be able to meet and exceed expectations, we have had to draw upon the expertise of the entire Odfjell organisation. Our commercial and operational organisation in Singapore and Australia, and in particular our Port Captain, who spent a lot of time finding

MEG cargos have been delivered to Barrow Island and imported to the storage tanks. Credits: Chevron

The crew on vessels Bow Dalian, Bow Nangang and Bow Fuling have been involved in the transportation of the MEG to the Gorgon LNG project and together with other Odfjell colleagues made an exceptional effort in this project. Well done!

revised corporate QHSE & cSr requirements By Heike Beerbaum, Senior Advisor Corporate QHSE, Bergen

solutions and suppliers for wetside and dryside cleaning. Superintendents and purchasing helped to obtain the necessary equipment including arranging for dry-dock at Shanghai Cosco on short notice to reapply anti-fouling on the vessels. The crew of our vessels have shown exemplary behaviour in tackling head on the additional requirements of the trade including extra training and exacting cargo handling. It has truly been inspiring to see our organisation come together for this project and to have executed it to standards beyond the expectations of Ixom and of Chevron.

Looking forward to new challenging projects We now look forward to completing the sup-ply of MEG to the Gorgon LNG project with three more liftings scheduled for first half of 2016. Building on the success of this project

Ixom have also made us their partner for new projects a great challenge for Odfjell as an organisation to be innovative and to achieve new firsts. I look forward to working with you all to make it happen.


15

NR

.02/

15

QHSE ODFJELL QUARTERLY mAgAzinE

OiP joins quake drill By Shiela Virtusio, Information Officer, Manila

More drills at OiP By Shiela Virtusio, Information Officer, Manila

in line with Odfjell's Safety culture and in support of the government's preparedness campaign for the big One, Odfjell in the Philippines (OiP) participated in the Metro Manila earthquake drill late July.

At exactly 1030 hours, the earthquake alarm went off and for 45 seconds, OiP employees and visitors alike performed the Duck, Cover and Hold position. Evacuation marshalls afterwards led everyone to the designated muster station. The drill lasted for 20 minutes.

The Metro Manila earthquake drill aims to prepare metropolitan Manila and nearby provinces for the Big One the dreaded 7.2-magnitude earthquake from the active West Valley Fault that could kill tens of thou-sands and displace millions.

A fire drill was conducted in the OiP office on the morning of 27 August following the Fire Safety Orientation and OiP Fire brigade creation on 30 June.

SFO3 Ronald S. Lim of the Bureau of Fire Protection (BFP), NCR Manila Fire District supervised the activity, which was partici-pated by both OiP employees and visitors. The moment the fire alarm went off, members of the OiP Fire Brigade started leading the evacuation to the muster station. The exercise also included a discussion on the usage of fire extinguishers, search and rescue operations on the burning floor, and first aid implementation.

The drill lasted for 19 minutes from 0941 to 1000 hours and was followed by a post-exercise assessment.

The Odfjell employees, together with inhabitants of Manila, joined the Metro Manila earthquake drill late July

The fire drill also included a discussion on the usage of fire extinguishers, search and rescue operations on the burning floor, and first aid implementation


16

QHSE ODFJELL QUARTERLY mAgAzinE

New compliance Officer corporate and Designated Person

As from October 2015 there are changes regarding the possessors of the Compliance Officer Corporate (COC), Designated Person (DP) and Compliance Officer Terminals.

Yngvil M. Erichsen is appointed Interim Compliance Officer Corporate.

Harald Bauck is appointed Designated Person.

Koert Schouten is appointed Compliance Officer Terminals.

Olive A. de Vera is still DP Assistant in Manila.

Harald Bauck, Designated Person (DP)

Koert Schouten, Compliance Officer Terminals

Yngvil M. Erichsen Interim, Compliance Officer Corporate (COC)

Olive A. de Vera, DP Assistant in Manila

One of the objectives of the Healthy Living 2015 campaign is to help all crew maintain or lower their body Mass index (bMi) through fitness exercises and activities.

I was in for a pleasant surprise when I boarded Bow Cardinal, my first vessel assignment this year. The fitness evaluation of the crew yielded good news: All crew and officers of Bow Cardinal have BMI 28% and below. Aside from the crews individual initiative to stay healthy, the MLOs also contributed to a more

encouraged participation. On top of that, the galley department deserves to be commended for preparing balanced meals for everyone. On board Bow Cardinal, it is a team effort to keep a shipshape crew.

I would like to congratulate Captains Edmundo Labarda and Ferdinand Romero, and all the officers and crew of Bow Cardinal for a job well done in keeping the healthy living lifestyle on board. Salute to Bow Cardinal!

Bow cardinal crew and officers within bMi limits By Edson Jabson, Healthy Living Project Fitness Instructor

Whilst anchored at Fairway anchorage, Houston, USA on 29 July 2015, Bow Saga, led by Captain Luisito G. Cantona, simultaneously launched both rescue boat and lifeboat to enable the Captain to train shipboard person-nel whilst also ensuring the state of readiness and efficiency of lifesaving appliances and rescue equipment on board.

Prior to the training exercise, all operating personnel involved first had to attend risk assessment sessions facilitated by Chief Mate Beguia in order to identify all the risks associ-ated with these operations and also to improve the awareness and safety attitude.

Bow Saga simultaneously launches rescue boat and lifeboatBy Captain Luisito Garcia Cantona, Bow Saga

The training was a complete success. Once all ship personnel were safe, both rescue boat and lifeboat were secured


17

NR

.02/

15

bow Saga shines anew at the recently con-cluded inspections in Houston, texas. the results, garnered in three inspections in a span of less than two weeks from 1 to 11 August 2015, were very encouraging: SirE Shell 0, US coast guard cOc 0, and cDi 1 observation. the inspection results were proof that through planning, preparation, training and competency we can achieve good returns in our pursuit of excellence and proficiency.

Planning and preparationUpon departure to Ulsan en route to Houston via Panama Canal, the Ship Management Team convened a meeting to prepare for the upcoming inspections. The voyage was long enough to warrant cosmetic improve-ment on deck as well as in the engine room. Preparation was also made easier by tools we commonly use before inspection namely SIRE and CDI SelfInspection Guide as well as a list of observations recorded in previous inspections of our entire fleet. Records and documentation were checked and constantly updated in line with our quality management.

Most notably, training sessions and drills have been conducted in a manner consequent to regulations and our company procedures. We have completed 14 safety-training sessions

in the month of August alone. The training largely focused on the familiarisation of safety and operational equipment such as ODME, OWS, Emergency Generator, Lifeboat and MOB Rescue Boat, etc. Likewise, the Shell Safety Campaign on LFI Engagement Tool for Mooring was reviewed and conducted on board. Renewed focus and attention has been exercised on crew familiarisation and training for Entry and Tank Rescue in Enclosed Space in preparation for Concentrated Inspection Campaign of Paris, Black and Tokyo MOU which has also been revised in our Ship Management Manual to be carried out every second month.

Most of the items to be noted by inspectors are written in our company procedures. We just have to accomplish them and perform them with prudence and consistency.

-The single most important factor to consider during inspection is time. Since departing Ulsan en route to Balboa, we have taken mea-sures to consolidate our plan of action for the inspections. It includes training and drills for shipboard personnel proficiency, readiness, documentation and records, proper planning and coordination. Congratulations to all my officers and crew for a job well done, said

Captain Luisito Cantona after the inspections.

room for improvementThrough the effort of officers and crew, we inscribed an impression to the inspector that the importance of safety consciousness, ship readiness and crew proficiency is paramount.

Though much has been done to prepare our Lady Bow Saga for the inspection, it is our continuous striving for improvement that will steer our organisation to profitability. Not just on board Bow Saga but as well as the other vessels in our fleet with their officers and crew working hard to uphold our com-mitment to safety and contribute to another fruitful 100 years for Odfjell. As we set sail to the Far East where we are expected to have Port State Inspection, we shall continue to learn, train and update ourselves with the latest development.

At the time of writing, we have just con-cluded training on Ship Specific Procedures for Recovery of Person from the Water at Cristobal Atlantic Anchorage 27 August 2015. Smooth seas and fair winds everyone. Stay safe!

Bow Saga shines anew in the last inspection campaignBy 3rd Officer Jimmy M. Fernandez, Bow Saga

Through continuous planning, preparation, training and competency we can achieve good returns in our pursuit of excellence and proficiency. From a man over board exercise

18


briEFiNgS ODFJELL QUARTERLY mAgAzinE

Dry-docking course pilot By Bjarte Wetteland, VP Procurement & Control, Bergen and Hyacinth Rachel Shama, Course Developer, Manila

Odfjell manages a large fleet of vessels of varying age, size, type and complexity, which operate in both global and regional trades. On average the company dry-docks about 15 vessels per year in various locations around the world. this activity requires extensive resources and repre-sents a major annual cost, both in dollars and in days. consequently, it is imperative for us to control these activities in order to manage the HSE-aspects, secure value for money, maintain high technical quality and to keep off-hire to a minimum.

Each dry-docking is a complex project with a defined scope, cost and time and involves many internal as well as external parties. Proper planning, competence and strong collaboration by all involved parties are major factors towards success and management of the risks involved. The Ship Management Teams (SMTs) are the main contributor to this process, from the initial planning to the scope and specification of repairs including the start of preparations on board as well as the execution at the shipyard and the follow up after departure.

Brief introductions to dry-docking have been part of the Leadership- and Followership Programme (LFDP) but Ship Management (SM) has for some time now seen the need to facilitate a separate dry-docking (DD) course with the perspective for scope, cost and qual-ity to further develop SMTs competence. This is also to ensure effective dry-docking and technical integrity in maintaining the vessels.

The dry-docking course aims to recognise the SMTs roles and joint responsibilities within the complete 15-step DD process, relate Odfjells procedures (QMS) to the relevant rules and regulations that governs dry-docking and increase the SMTs com-petence to prepare specifications of repairs (SoR) according to Odfjell requirements and standards. The course structure is based on lectures and case studies, and will be conducted mainly in groups to simulate the SMT organisation, and with focus on how to develop specification of repairs.

After being in the making for quite some time, in close cooperation with Odfjell Academy and with 19 senior officers flown in from different locations on the globe, the first pilot course was executed by Senior Technical Controller Jan M. Hestdal and VP Procurement and Control Bjarte Wetteland in Manila from 20-24 June 2015.

Management Level Officers attended the training and it was well-received based on their a-ha moment: DD = Dollars and Days. One participant expressed that the learning expectation that [was] met during the training [was] to make SoR in a correct way while another confirmed having a deeper recog-nition and understanding of the SMT role and responsibilities in the DD process: The importance of making the right specifica-tion of repairs in order for the Company to minimise cost of spending especially during dry-dock, was felt to be the valuable learning by another participant.

The five-day training may not be enough to download the wealth of knowledge and experience Mr. Hestdal has on dry-docking,

but his contribution during the whole pilot course is a great start in ensuring cost-efficient and safer dry-dockings.

On average the Company dry-docks about 15 vessels per year in various locations around the world

The dry-docking course development and pilot run marked Mr. Hestdals (sitting) last official performance as he retired on his 65th birthday last 9 July. Here together with the participants and lecturer of the course

19

NR

.02/

15

O D FJ E L L Q U A R T E R LY m A g A z i n E


new iT system aim to reduce vessel energy consumption By Tom Hagesther, ICT Project Portfolio Manager, Bergen

the main and auxiliary engines, boilers and steam systems are all major vessel energy consumers. Effective and frequent monitor-ing of their performance indicators and rapid deployment of corrective actions are leading to significant reduction in vessel energy con-sumption. Earlier this year, a vessel energy consumers project (VEc) was initiated to improve the vessel data collection and offer consolidated onshore monitoring to improve the fleet energy consumption.

The technical condition and other key parameters are routinely recorded for vessel energy consumers like the main and auxiliary engines. In the past, most parameters were recorded in the mainte-nance system on a monthly basis. By improving the alarm data collection and offering consolidated onshore monitoring the fleet energy consump-tion can be improved. The benefit is gained by providing information faster to our managers and experts, so that corrective actions can be made.

the initiative has been aided by our new project portfolio processThe VEC was initiated in February 2015. Together with the key stakeholders and product owner Knut Erik Fredriksen (VP Technology Management) the VEC business case was thoroughly analysed. Based on the Project Charter the project was sponsored by Helge Olsen (SVP Ship Management) in March. The expected net present value of the project is in the millions of dollars range.

The system development was concluded after ten weeks and VEC 1.0 was put into production late June this year. This was on time and almost 40% below the estimated project cost.- This is the first full-scale, end-to-end project following our new portfolio process. I am pleased to see how well this process helps good ideas from the organisation to be understood within our Project & Reporting Development Team, says VP ICT, Matt Duke.

The ICT Project & Reporting Team is a new depart-ment formed after Project Felix. It is intended to be a continuously available high performance team, dedicated to delivering high value business improvements, reports and new software projects such as the VEC solution. VEC product owner and initiator Knut Erik Fredriksen says: - I am very pleased with how ICT helped our vision to reduce vessel energy consumption and costs. Their service is important to enable great improvement ideas within Odfjell.

the Project & reporting teamThe Project & Reporting Team is a new ICT group formed after Project Felix giving a continuously available high performance team with purpose to deliver business improvements, reports and new software projects. The team members have previ-ously developed the Profit & Loss, ORCA, Cost Guard, Commodity Book and the Fleet Performance Reporting solutions. The team work under agile principles and aim to deliver functionality of business value to the user community in short work cycles called sprints.

VEC project members from ICT and Ship Management. From left, Matt Duke, Arne Sletten Helgesen, Bjarte Wetteland, Geir Bjrndalen, Florian Pujol, Trond Pedersen, Jrn Opsal and Tom Hagesther

Vessel energy consumers - Management dashboard (data exemplified)

it Project Portfolio Management IT Project Portfolio Management is a centralised management process to analyse and collectively manage current or proposed IT projects. This includes steps to retain knowledge from completed IT projects to adapt best practices. Agile work methods are currently predominantly used.


20


Maximising the utilisation of our assetsBy Brandon Calhoun, Commercial Manager and Eyvind Bremseth, Port Captain, Houston

Odfjell tankers operates a sophisticated and diversified fleet that is constructed for the safe and efficient transport of anything liquid. the chemical tanker business is indeed complex and throughout the transportation process we often face restrictions and barriers which limit our opportunities for taking full advantage of our vessels sophistication and cargo capacity. One of the challenges we face in maximising the utilisation of our vessels, is the draft restriction alongside the various load and/or discharge berths.

Our largest chemical tankers and our most modern eco-design medium-range tankers reach a maximum deadweight draft of about 13.3 meters or 44 feet. The majority of chemical terminals globally are unfortunately not able to accommodate such drafts. The Houston Ship Channel, which harnesses one of the largest storage and production capacities of specialty chemicals in the world, currently has only one terminal where Odfjell Tankers is capable of loading our largest chemical tankers to maximum capacity. Recently, in June 2015, we had the opportunity to take advantage of maximis-ing the loading at this particular terminal when Bow Sea (Polish Class) was in Houston,

loading for her Trans-Atlantic programme. Bow Sea completed her load rotation and maxed out her draft at 44 feet while load-ing 43,422 metric tons of cargo. The load operation was well-planned, well executed by all parties including Odfjell operations, chartering and most importantly the crew on Bow Sea. Captain Ebeltoft (Bow Sea) stated: -Working on optimising the stowage and port

rotation is always a challenge but satisfying when achieving a good end result.

This loading was a record lifting for Odfjell Tankers in terms of chemical cargo uplift in Houston. The unfortunate reality however is that many of Odfjells other larger chemical tankers have to leave cargo behind and sail light because there are no facilities to load the tankers to the maximum capacity. These tankers are therefore failing to reach their designed potential due to an issue that needs to be addressed industry wide. It is an issue that needs to be resolved so that all parties can realise the benefit of an asset that is fully utilised. Industries are continually striving to design new, improved, eco-friendly vessels but not only do these new designs come at a high price financially but also in terms of dealing with regulations and restrictions. Issues such as draft restrictions, are critical to an owner being able to maximise their vessels capabilities and maximising the utilisation of such key assets.

A parting thought to conclude: keeping in mind the hull shape of Odfjells larger chemi-cal tankers, one foot less draft alongside at any dock results in reduced cargo intake of about 1600 metric tons. The load operation was well-planned, well executed by all

parties including Odfjell operations, chartering and most importantly the crew on Bow Sea

Bow Sea departing Houston fully loaded


21

NR

.02/

15


basic Shipping Familiarisation course for crewing Personnel launchedBy Shiela Virtusio, Information Officer, Manila

to ensure a deeper understanding of the shipping industry in general and crewing operations in particular among Odfjell in the Philippines (OiP) employees, a basic Shipping Familiarisation course was developed for members of crewing Operations.

The programme focuses on various elements of the shipping industry like chartering and operations, STCW Code, and TMSA and ISM Code and Odfjell-specific concepts such as the Odfjell Cadet Programme, competence matrix, and chemical tankers. The training also covers topics on job-specific compe-tencies like crew planning, P&I insurance and claims, statistics and communication. Composed of 20 two-hour sessions, the train-ing will run until December 2015.

VP Maritime Personnel Section (MPS) Tore Henriksen opened the training on 27 August with a talk on MPS philosophy and expecta-tions. The discussion revisited Odfjells core values as well as the mission statements of the Ship Management Division and Maritime Personnel Section.

Training Coordinator Marvin Enriquez,

a regular attendee of the course, found it informative: -The topics which are not usually discussed are being given attention in order for us to realise the importance of our daily tasks, he said. Crewing Assistant Rodney Perez commended the session on the STCW Code because it provided him with the needed knowledge to be familiar with the documents that we are dealing with every day.

- I feel that the Shipping Familiarisation Course is extremely relevant and that we are very fortunate to have been invited to join the

different sessions under this programme. Not only does it enable us to socialise with our colleagues, we are also given the necessary knowledge to become not only successful, but the best at what we do. I am positive that through this, our employees will have a more energised approach towards becoming the best in the industry, ultimately elevating Odfjell as the most competitive and preferred company in the industry, said QA Coordinator Mark Jason Sosa who voluntarily attended the first two sessions.

VP Maritime Personnel Section Tore Henriksen opened the training with a talk on MPS philosophy and expectations

in March 2015, VP Head of crewing Agnes Enesio and myself participated at the Norwegian Seaman church next-of-kin course. the main purpose for the course was to gain a valuable understanding of how to deal with family members during an accident, crisis or catastrophe, which is one of the most difficult duties a person can take on and it must never be underestimated.

I can without doubt say that we both learned a lot from this course. We learned about dif-ferent reactions and different ways to handle the reactions. Most people who call in are looking for information. They call around to anyone who might have some information in an attempt to confirm, disprove or gain a better understanding on the information they already have. Often you do not know who will

The Norwegian Seaman Church was hosting the next-of-kin course

be on the other line, or in what condition the caller may be.

We tend to focus on the facts, the information we can give, forgetting the personal element to just be there, listening at the other end. One of the most important things I learned was to give the next-of-kin time. Time to question, time to cry, time to talk about anything that comes to mind.

NEXt-OF-KiN cOUrSEEva Storeide, Crewing and Social Officer, Bergen

I feel we are now much more skilled and aware in the way in which one should talk to and comfort the next-of-kin. Of course, we hope we never have to be in this situation, but still this is an important role and experience is necessary. For Odfjell it is crucial that we are able to care for all next-of-kin in the best way we possibly can.


22


Media is an important part of our lives and sometimes it can touch upon our private lives, involve the company where you work or any other areas where you may have an interest. Media has a strong impact on the image of a person or a company, so it is very important that we, at least from a corporate perspective, deal with the media in a professional way.

SpokespersonThe official spokespersons on behalf of Odfjell are the Chairman of the Board, the CEO and the Senior Advisor Communication. The responsibility can also be delegated to the SVPs for their respective business areas. Terminal Managers are media spokespersons for their respective terminals in local issues, but always inform relevant personnel at the main office about the media interest. Small local issues can sometimes escalate and subsequently involve other locations.

To achieve a good professional, and coher-ent image of Odfjell, any media request shall go via the CEO or the Senior Advisor Communication prior to making statements. This is relevant both in positive and negative

be available for media advice for relevant spokespersons, with regards to statement making, timing, media selection or media training.

Whistle-blowingEmployees who are concerned that deci-sions, actions or incidents are indefensible in relation to laws and regulations or to human rights, labour rights, environmental issues or anti-corruption or similar, are obliged to raise concerns internally to their immediate superior or to the Compliance Officer, Designated Person Ashore (DPA), (Headquarters) DPA Assistant (Manila), or through a web based anonymous reporting hotline available on www.odfjell.com (ref. the Odfjell whistle-blower policy). Media is not an appropriate channel for such concerns.

Private statementsOdfjell acknowledge an individuals freedom of speech as a private person. Nevertheless, when working for Odfjell, all employees shall adhere to the Media and Public Affair Contact & Responsibilities Procedures, stating that only the Chairman of the Board, CEO and the Senior Advisor Communication or other delegated personnel can make statements on behalf of Odfjell. This implies that employees have the duty not to make any comment to the press, and to refer to the official Company spokespersons if they receive any enquiries. The same also applies to the use of social media (ref. the Odfjell Corporate Policy for Social Media).

internal affairs and the mediaIssues such as the relationship between employee and superior, does not belong in the media sphere. Internal conflicts shall be solved according to the Working Environment Act and relevant procedures.

Do you know our media

guidelines?By Margrethe Gudbrandsen, Senior Advisor Communication, Bergen

Proper Media contact If media enquiries are received, note the contact details of the journalist (name, employer, phone, fax or e-mail) and what the enquiry is about Contact Sr Advisor, Communication in order to find the correct spokes-person on behalf of the Company, in order to develop good and relevant statements or to proceed with other timely actions All statements/quotes shall be reviewed and approved before publishing The switchboard should always write down contact details of journalist(s) and what the enquiry is about and inform them that we will return their call as soon as possible

cases.

The Senior Advisor Communication is responsible for coordinating the contact with different persons in order to ensure that the information from the Company is coherent. The Senior Advisor Communication shall


23

NR

.02/

15

SEA AND SHOrE ODFJELL QUARTERLY mAgAzinE

Bow Saga lives the ideals of Project Healthy Living on boardBy Denise Schaefer, Agency Manager, Houston

During Bow Sagas recent voyage this summer to Houston, Texas, the crew was able to fit in two games of basketball. The first game was during her stay at Odfjell Terminals (Bayport) in Seabrook. Captain Cantona and the spectacular Saga team had plenty of competition with our agent, the Croatian sensation, Maroje Garvan, at 197 centimeters! It was a hot Houston afternoon, but the crew and Maroje had a great time. Just before the vessel departed Freeport, Texas, the crew was once again able to play some basketball at a local facility. Thanks to Tom Morris with the Freeport Texas Port Ministry and First Baptist Church of Lake Jackson, the crew was able to play basketball in the indoor gym at the church. It is good for the heart to see others reach out and extend such kindness to our crew. Exercise for the heart in multiple ways; a win-win situation!

A happy Bow Saga Team at the indoor gym at the First Baptist Church of Lake Jackson

A short video clip honouring the wives of seafarers was shown, followed by speeches from mariner wives. In the Davao leg, the crew and their children paid tribute to the wives and mothers by offering them flowers.An open forum to address questions and entertain feedback from the audience was

facilitated before both events were concluded.

Around a hundred crew and families were present in Cebu while around 70 attended the Davao leg.

OiP crew and Allottees conferences 2015By Shiela Virtusio, Information Officer, Manila

Odfjell in the Philippines (OiP) welcomed the second half of 2015 with two of its regional conferences - cebu on 25 July and Davao on 29 August. the conferences updated Odfjell crew and allottees with the developments in the organisation and informed everyone of the services being offered by the company. it also brought Odfjell personnel and their loved ones together in one community.

VP Head of Crewing, Agnes Enesio, opened both events with an update on what is hap-pening in the Company in general and in Project Felix in particular. She was also able to share with the Davao crowd Odfjell SE's second quarter and first half year results for 2015.

Representatives from each department dis-cussed in detail the changes in their respective units that affect the crew and their allottees. Developments in the BMI Watch Campaign were also presented.

Crew and allottees with children at the Davao conference


24

SEA AND SHOrE ODFJELL QUARTERLY mAgAzinE

Odfjell chairman Laurence Odfjell donated USD 50,000 to Habitat for Humanity Philippines in support of its rehabilitation projects in earthquake-hit and typhoon-ravaged central Visayas. A portion of the donation was allocated to the Core Shelter Assistance Program of the Re-Build Bohol Project which aims to assist the earthquake-affected areas in the province of Bohol. Five families from Brgy. Mantacida in the town of Catigbian now have earth-quake- and typhoon-resilient homes and renewed hopes for the future.The larger portion of the donation was allotted to provide shelter repair assis-tance to families affected by Typhoon Haiyan. 66 families from Barangay Bitoon, Daanbantayan, Northern Cebu received shelter repair kits composed of plywood, coconut timber (locally known as coco lumber), corrugated sheets, nails, hammer and handsaw.

- We are very grateful to Odfjell for the assistance they have extended to the affected families of Typhoon Yolanda in Leyte and Cebu. With the shelter repair kits they donated, 66 families in Daanbantayan will be able to restart and rebuild their lives; and with the homes that they helped construct in Tacloban, the families can finally be able live in safety, security and comfort, confident that they can weather any storm that might come their way again. We hope that our partnership

with Odfjell will continue to grow and flourish as we work towards a world where everyone has a decent place to live, said Charlie Ayco, Chief Executive Officer and Managing Director, Habitat for Humanity Philippines.

In 2013, the Central Visayas region was hit by two consecutive calamities. A 7.2-magnitude tectonic earthquake struck the region with an epicenter in Inabanga, Bohol on 15 October, leaving more than 8,000 families homeless. Less than a month later on 8 November, Typhoon Haiyan ravaged the region, particularly the areas of Leyte, Samar and Cebu, costing more than six thousand lives and displacing hundreds of thousands of families.

chairman of Odfjell donates USD 50,000 to Habitat for Humanity Philippines i bUiLD campaignBy Shiela Virtusio, Information Officer, Manila

Before

Before

Before

Before


25

NR

.02/

15

reception in Kandla By Sudesh Kamath, Odfjell India

bergen Shipping dinner 2015By Luis- A. Salomon, Senior Ship Broker, Bergen

On 24 April 2015, our agents and Odfjell india co-hosted a reception in Kandla at the radisson Hotel, to connect with our ever growing cus-tomer base in Kandla.

The event was well coordinated by our agents Intra-Seas Group and invitees included senior representatives from the port (traffic

and marine department), customs, clearing agents, terminal managers and IFFCO (the biggest importers of liquid bulk in Kandla).

With approximately 50 calls in a year and close to 500,000 tons cargo annually, Kandla remains the most important and efficient port for Odfjell in the subcontinent.

The bi-annual Bergen Shipping Dinner (BSD) event took place on the 4 and 5 June 2015. Well attended by several market participants, charterers, brokers and agents, we welcomed on the evening of Thursday 4 June about 120 guests at Galleri Nygaten for dinner, followed by an after-party which was entertained by the Odfjell band. Friday morning our golfers

participated (and also won) the official BSD Golf Tournament at Meland Golf course and about 70 other guests joined the Odfjell lunch at Bryggeriet down town. Friday evening the BSD main event took place at Grieghallen with a grand total of 1,276 participants, where we also entertained our invitees at our selected tables.

120 guests joined us for dinner at Galleri Nygaten Thursday evening

Front row from left: Sunish Jose (ITPL agent), Manisha Desai, Sudesh Kamath and Smita Kharat (Odfjell). Back row from left: Jayant Rughwani, Sathyan Nathan, Ragesh, Mahendra, Titus George, Yogesh Yeolekar, Shivaji and Sanjay Nathwani (ITPL agent)After

After

After

After


26

PErSONELL ODFJELL QUARTERLY mAgAzinE

Odfjell cadet among the top 30 of the 2015 tOSPBy Shiela Virtusio, Information Officer, Manila

Odfjell cadet, boy george benavente, is among the 30 national finalists for the ten Outstanding Students of the Philippines (tOSP) awarded 30 July in the Malacaan Palace, the official residence and principal workplace of the President of the Philippines.

Benavente, a Bachelor of Science in Marine Transportation Magna Cum Laude from John B. Lacson Colleges Foundation (JBLCF) Bacolod, was the only student from the maritime industry who got included in the Top 30 of the TOSP.

Also named as JBLCF-Bacolods 2015 Most Outstanding Graduate and one of the 2014 Ten Most Outstanding Maritime Students of the Philippines, Benavente had campaigned for moral and spiritual upliftment since he first represented JBLCF-Bacolod in the regional TOSP search.

the journeyIt was a long journey for Benavente, who battled it out with 44 equally competitive students in the Regionals, and around 80 regional finalists in the Nationals in order for him to get to the Top 30.

I was chosen to represent John B in Region 6. There were originally 44 of us from all over Western Visayas who submitted bidbooks containing our achievements and participa-tion divided into three categories: academic excellence, leadership and social responsi-bility. Our bidbooks served as the basis for choosing the top 20 finalists. The twenty of us were gathered for a one-week formation programme in which we saw the current needs of the country. Each of the finalists campaigned for his/her advocacy. Mine was on spiritual and moral upliftment. On the last day, all 20 of us were interviewed by a panel composed of people from different sectors. This final interview was the basis in selecting the top ten winners, explains Benavente.

The same process was done in other regions. After the top ten winners were selected from each region, these top 10 regional winners submitted their bidbooks for the national screening. There were more than 80 finalists coming from all over the Philippines, but only 30 were chosen for the national programme and final interview. The national finalists went through a final five-minute interview, and from them were chosen the Ten Outstanding Students of the Philippines.

JBLCF-Bacolods owner Dr. Mary Lou Lacson Arcelo, JBLCF-Bacolods CEO Dr. Ronald Sebastian, Odfjell in the Philippines (OiP) President Captain Remigio Zamora and Benaventes father George D. Benavente accompanied him to the awards ceremony.

Since it was established in 1961 and re-launched in 1989 after a halt during Martial Law, the TOSP has been honouring Filipino youths who serve as role models of academic excellence, exemplary leadership, good moral values, and socio-civic consciousness.

Odfjell cadetBenavente acknowledges the contribution of the Odfjell Cadetship Programme to his success: - It was the self-discipline that I received from my semi-military orientation which guaranteed my concentration in the competition, shares Benavente.

He also enumerated a number of helpful weapons his Odfjell training armed him with which became instrumental in his journey to the TOSP Nationals. He cited time manage-ment, courtesy and leadership skills as among

Boy George Benavente

the pillars of his success. The safety culture and the training to work under pressure are also a few of the skills he developed in the programme which helped him in vying for a spot in the Nationals.

Future Odfjell seafarer- TOSP engraved in my heart a very remark-able lesson to remain loyal to the nation no matter how hard the situation may become. In the context of my company, that means standing by Odfjells side however tough circumstances may get, said the boy with whole-hearted conviction. And he continues: - I actually don't think of myself highly. I am just regular man with great pas-sion. I am not better than others for we all have our own areas of strengths and weaknesses. We all excel uniquely. The TOSP and my other accomplishments are not really that big, they are just a training ground for me to realise my greater purpose.

Odfjell in the Philippines (OiP) congratulates D/C Benavente for bringing such a great honour to OiP and to the entire Odfjell community.


27

NR

.02/

15

By Shiela Virtusio, Information Officer, Manila

14 Filipino seafarers were honoured for their 25 years of dedicated service to the company in a dinner and awarding ceremony held 15 September 2015 at Hotel Jen Manila.

SVP Ship Management Division, Helge Olsen, VP Maritime Personnel Section, Tore Henriksen, and Odfjell in the Philippines (OiP) VP and Head of Crewing Agnes Enesio presented the certificates of recognition and tokens of appreciation to the Filipino mariners.

Mr. Olsen in his opening remarks looked back over the past 30 years of Odfjell in the Philippines and thanked the Filipino seafarers and shore staff alike for their dedication to the Company.

Honouring the seafarers wivesThe wives of the mariners were also honoured during the ceremony. Ms. Emma Danessa Mangampat-Cabrera, daughter of Chief Engineer Dante Mangampat, delivered a speech to give tribute to the wives of the awardees for being the force behind the seafarers success.

Words from the awardeesChief Officer Paquito Papango, who retired

The awarded mariners. Front row from left: Second Engineer Jose Valenciano, Electrician Ronaldo Romano, Fitter Rex Mendoza, Second Officer Marcelo Umali, Chief Officer Paquito Papango, Second Engineer Jose Sevilleno, SVP Ship Management Helge Olsen, Able Seaman Wilfredo Lobaton, Chief Cook Proceso Umali, Bosun Ruben Hitchon, Able Seaman Hermogenes Salazar, Able Seaman Tomas Robete, Chief Cook Romeo Lucido and Bosun Jeffrey Caas. Back row from left: Messman Frisco Vergara, VP Fleet Management Singapore Captain Tor Johansen, Fleet Management Geirmund Drivenes and VP Maritime Personnel Tore Henriksen

14 Filipino sailors awarded for 25 years of exceptional loyalty and service

25 and 50 years of service to Odfjell

just last July, delivered an acceptance speech on behalf of the awardees. He expressed his gratitude to the Company and their families for the support throughout their career in Odfjell.

tribute for captain torMr. Henriksen led the tribute for Captain Tor Johansen, VP Fleet Management - Singapore

who will be retiring on 1 December, by sharing an anecdote on how he met the esteemed man. OiP President Captain Loy Zamora and Ms. Enesio presented a token of gratitude for the good Captain. Captain Tor will be succeeded by Fleet Asia Technical Manager - Singapore Mr. William Hee Huat Lim, who formally closed the programme.

On the evening of 7 May 2015 a celebration din-ner took place at Scandic Neptun, Cabinettet for our employees having been with Odfjell, Bergen for 25 and 50 years.

We thank them all for long and faithful service to Odfjell.

From left: Torleif Solheim (25 years), Kjell Tore Midtun (50 years), Bjrn ge Veivg (25 years), Oddvin Ertesvg (25 years), Laurence W. Odfjell (Chairman), Elisabeth Lepsy (25 years), Per Magnesen (25 years), Kjell Einar Revheim (25 years) and Ivan Grbitz Bjrnethun (25 years). Thorleif Holgersen (25 years) and Jan Magnus Hestdal (25 years) were not present


28

Patrick Pinster Teamlead Accounting 01.05.15

gaurav Mishra QA Superintendent 27.04.15

MD Eahtesham UL HaqueSenior Marine Superintendent 12.03.15

Wee Fui FangAccountant 17.08.15

Ethan bishopOperator 01.12.14

Deonte HillOperator 27.04.15

Matt gonsalvesOperations Engineer 03.08.15

Eliud Salinas Operator 27.04.15

Jennifer Lathan Manager Human Resources 06.07.15

Adriana gomes de Souza Crew Manager 42122

Samuel gil Operator 27.04.15

Neil ballentine Business Process Opt. Specialist 22.06.15

Patricia Hopson Documentation Specialist 27.04.15

Kris redmon Operator 27.04.15

Nathan clemens Director Engineering 06.07.15

caio Emmanuel cobra PioCrewing Officer 1 42142

Angie tingsonCrewing Assistant 01.06.15

Nelize van rooyenOffice Administrator 42186

Feliz AndalFront Desk Assistant 15.06.15

Sabrina Waardeloo Teamlead HR 01.07.15

Kristian V. MrchCEO 01.08.15

NEW HirES

barry LedbetterHSE Engineer OTC 06.07.15

Ashley Keegan Fernandes QA Superintendent 21.04.15

Sophia Zhu Financial Controller Region Asia 20.04.15

ryan Hillhouse Operator 01.12.14

Keith coy Operator 03.08.15

gabriel WilsonOperator 03.08.15

Lucas bowers Maintenance Technician 03.08.15

Jeff Labarbera Operator 03.08.15

Dirik cooperOperator 03.08.15

Joseph NiscavitsOperator 03.08.15

billy gardnerOperator 03.08.15

Freddie WebbOperator 27.04.15

trina FieldsExecutive Assistant 01.05.15

bErgEN rOttErDAM SiNgAPOrE

HOUStON

HOUStON FLUMAr DUrbAN MANiLA

Divina FerryDocumentation Assistant 29.06.15

cristina Juan Recruitment Specialist 29.06.15

rodney Perez Crewing Assistant 29.06.15

Angie OcampoCoordinator Insurance 02.03.15

Mary Ann teocFleet Performance Analyst 25.03.15

Djerovin AbuzoClaims Handler/Legal Advisor 02.03.15

William SinclairShip Auditor 01.04.15

Shiela VirtusioInformation Officer 29.06.15

MANiLA

HOUStON

PErSONNEL ODFJELL QUARTERLY mAgAzinE

29

NR

.02/

15

29

O D FJ E L L Q U A R T E R LY m A g A z i n E

Alvin Mortel Ship Auditor 04.05.15

Zyra gipa Procurement Officer 10.08.15

rhodalyn Flores Accounting Assistant 18.05.15

Mark Jason SosaQA Coordinator 04.05.15

gerardo tanClaims Handler/Legal Advisor 17.08.15

Agnes gimenaCoordinator QHSE Manila 01.06.15

Francilli Dela cruz ICT Support Consultant 04.05.15

Mark De guzman ICT Support Consultant 20.07.15

Jan LegaspinaShip Auditor 01.04.15

Klein ramonesAccounting Assistant 09.07.15

rozz cadavillo Accounting Assistant 04.05.15

Elwin Mananquil Accounting Assistant 01.06.15

MANiLA

MANiLA

MANiLA

MANiLA

MANiLA

Yann bigot Director Project Development Rotterdam - Houston 01.09.15

tore Henriksen MOO/VP Maritime Personnel Bergen - Manila 01.05.15

rELOcAtiONS

gareth WilliamsGeneral Manager Singapore - Houston 06.07.15

BergenKjell einar revheim VP Corporate Procurement

01.04.90

elisabeth Lepsy Crewing and Training Officer

15.09.90

rotterdammarco Havelaar Teamleader OSD 01.08.90

Viktor van de Wetering Unit Operator 13.08.90

ron van deursen Production Engineer Project Support 01.11.90

ton van ooijen Manipulation Coordinator 01.11.90

rene melaard Coordinator Small Projects 01.12.90

andreas gerrets Lead Operator PID 04.02.85

Birgit nieuwdorp Employee Credit Administration 01.07.85

erik Bogaard Operator logistics (field) 01.11.85

Leo Pothoven Allround Operator 01.11.85

Peter groenenboom Customs Consultant 14.04.80

arie Kraaijeveld CCR-operator 01.09.80

gerard dijkema Allround Operator 01.09.80

Huib Veldhoen CCC-Officer 01.11.80

Leo van rij Allround Operator 01.11.80

Hugo Keemink Stock Administrator 01.05.75

Karen-Sofie Hegg Senior Demurrage Analyst

01.10.85

HouStonedna Kennedy Commercial Asst. Contract Administration 02.08.90

Cecilia ramirez Voyage Accounting Clerk 12.09.90

arthur Smith LPG Operator - shift B 18.04.85

Vidar Steinsbo Control Room Operator 12.06.85

Larry Kimball Supervisor Mechanical 01.10.85

BuenoS aireS alejandro gomez Accountant 15.04.80

FLumar Vinicius madruga Santos Quality Manager 12.07.90

roberto Ferreira General Manager 16.05.80

25 YEArS

25 YEArS

30 YEArS

35 YEArS

40 YEArS

30 YEArS

25 YEArS

30 YEArS

35 YEArS

25 YEArS

35 YEArS


30

FLEEt & tErMiNALS ODFJELL QUARTERLY mAgAzinE

as per 15 October 2015 tiME cHArtErED/POOL YEAr StAiNLESS NUMbEr SHiP bUiLt DWt cbM StEEL, cbM OF tANKS

Horin Trader 2015 19 856 22 129 22 129 18 Marex Noa 2015 12 478 14 067 14 067 16 Gion Trader 2015 19 833 22 130 22 130 18 Bow Tribute4 2014 49 622 53 188 - 22 Bow Trajectory4 2014 49 622 53 188 - 22 Chemroad Hope 2011 33 552 37 161 37 161 18 RT Star 2011 26 199 27 912 27 912 18 SG Pegasus 2011 13 086 14 523 14 523 16 Southern Koala 2010 21 290 20 008 20 008 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 Bow Sagami 2008 33 641 38 000 38 000 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 Moyra 2005 19 806 22 838 22 838 18 Bow Sky1 2005 40 005 52 126 52 126 40 Bow Architect 2005 30 058 36 290 36 290 28 Celsius Monaco 2005 19 999 21 851 21 851 22 Celsius Mumbai 2005 19 993 22 186 22 186 22 Chembulk Sydney 2005 14 271 16 571 16 571 20 Celsius Miami 2005 19 991 22 192 22 192 22 Golden Top 2004 12 705 13 388 13 388 22 Chembulk Wellington 2004 14 312 15 591 15 591 20 Bow Asia 2004 9 901 11 088 11 088 20 Bow Singapore 2004 9 888 11 089 11 089 20 SG Friendship 2003 19 773 21 651 21 651 26 Kristin Knutsen 1998 19 152 19 409 19 409 34 Bow Jubail 1996 37 499 41 488 34 209 52 Bow Mekka 1995 37 272 41 606 34 257 52 Bow Riyad 1995 37 221 41 492 34 213 52

total time charter/pool: 35 884 679 974 173 845 890 822 Number of ships: 75 2 220 397 2 435 309 1 898 335 2 131

cHEMicAL tANKErS OWNED YEAr StAiNLESS NUMbEr SHiP bUiLt DWt cbM StEEL, cbM OF tANKS

LPg/EtHYLENE cArriErS OWNED

YEAr NUMbErSHiP bUiLt DWt cbM tYPE OF tANKSBow Gallant 3 2 008 10 282 8 922 LPG/Ethylene 2 Bow Guardian 3 2 008 10 282 8 922 LPG/Ethylene 2

tiME cHArtErED Berlian Ekvator 2 004

Documents

Oct ObEr 2015 - Odfjell SE · Oct ObEr 2015 . ... turbo chargers and shaft generator. these combined upgrades ... equally energy efficient as the eco-design