STORAGE AND CARRIER FOR EVERYDAY LIFE

Odfjell is a leading company in the global market for transportation and storage of chemicals and other speciality
bulk liquids. Originally set up in 1916, the Company pioneered the development of the parcel tanker trades in the middle of the 1950s and the tank storage business in the late 1960s. Odfjell owns and operates parcel tankers in global and regional trade as well as a network of tank terminals.

Odfjell’s business is an important contributor to industrial and social development around the world. Our core business is to transport and store organic bulk liquid chemicals, acids, animal fats, edible oils, potable alcohols and clean petroleum products – important ingredients and raw materials for everyday life through products like medicines, medical equipment, building material, cosmetics, food, textiles, cars, plastics, etc.

STRATEGY

Odfjell’s strategy is to continue developing our position as a leading logistics service provider with customers worldwide. We are aiming at maintaining this position through efficient and safe operation of deep-sea and regional parcel tankers and tank terminals.

PARCEL TANKERS

Odfjell has unprecedented experience in deep-sea transportation of chemicals and other liquids. Our operations are fully integrated, with in-house functions for chartering, operation and ship management. Our major trade lanes covers US, Europe, Asia, India, the Middle East and South America. Odfjell’s specialised fleet consists of 95 ships and six newbuildings with a total capacity of about 2.7 million DWT. Gross revenue of USD 1,021 million was generated in 2009.

TANK TERMINALS

Our terminal operations yield synergies with our transportation activities and improve quality and efficiency control throughout the transportation chain. The tank terminal business contributes to a stable and stronger result for the Company. Our tank terminal operations also offer opportunities to develop new markets where the infrastructure for specialised bulk liquids is limited. Odfjell has direct investments in fully owned tank terminals in Rotterdam and Houston as well as in partially owned terminals in Singapore, Korea, Oman, three in China and in Iran. We also work closely together with eight terminals in South America through associated companies. We are currently expanding our tank terminal activities. The terminal business generated gross revenue of USD 248 million in 2009.