Tank Terminals

Odfjell has nine fully or partly owned tank terminals at strategic locations around the world. In addition, we have a cooperation agreement with eight associated terminals in South America
plus one in Canada. In total, our tank terminal network has more than 1,000 employees and 4.4 million cbm of storage space in over 1,150 tanks in 18 ports around the world. This makes us one of the world-leaders in offering both shipping and storage services for bulk liquids.

We have a strategy of expanding our tank terminal activities along major shipping lanes and at important locations for petrochemicals,
refined petroleum products, bio-fuels and vegetable oils. We focus
both on locations in mature markets, but also increasingly in emerging ports of importance in certain rapidly developing nations. In addition to being profitable investments on a stand-alone basis, our
tank terminals also play an important operational role as part of our cargo consolidation programmes with the purpose of reducing time in port of our ships. Commercially, the combination of shipping and tank terminals gives Odfjell a unique position to offer increased safety, reliability, product stewardship and efficiency to our customers. We experience that the demand for cargo consolidation
has steadily increased as a result of the industry’s ongoing pursuit of improving efficiency in the supply chain.

ODFJELL TERMINALS (ROTTERDAM) BV, THE NETHERLANDS (OTR)

Located at the heart of the Rotterdam harbor, the most important chemical distribution centre in Europe, OTR has a total storage capacity of about 1,635,000 cbm, and 281 storage tanks. OTR is one of the largest facilities of its kind in the world. The tank terminal stores both chemicals and mineral oil products. The chemical storage capacity is 810,000 cbm, while the mineral oil capacity is about 825,000 cbm, however, part of the storage capacity can be shifted from one segment to another, thus providing valuable flexibility and spreading commercial risk.

In addition to the storage business, the Rotterdam tank terminal also renders toll distillation services trough its fully
integrated business unit Odfjell Petrochemical Industrial Distillation (PID). The PID retains a large market share of the independent product distillation market in Northwest Europe and operates four distillation columns with a combined total annual distillation capacity of 700,000 tonnes, depending on product streams. The PID distills both (petro)chemical and mineral oil products.

In October 2009 we commissioned a new quay for deep-sea tankers, a project developed jointly with the Port of Rotterdam. This quay provides one additional berth for deep-sea tankers plus one additional berth for short-sea vessels or barges, thus adding valuable marine infrastructure capacity.

Overall, the tank terminal has excellent infrastructure, now with five berths for deep-sea tankers, seven docks for shortsea vessels and 14 jetties for barges. The terminal also has extensive facilities for the handling of trucks, rail cars and ISO-containers. The site has its own water treatment plant that also serves third parties.

The tank terminal is an important destination for Odfjell Tankers in the Amsterdam- Rotterdam-Antwerp (ARA) area, and our long-term objective is to consolidate the tank terminal as our primary hub for Odfjell’s shipping to and from Europe.

In 2008 Odfjell acquired AVR Maritiem, which was renamed Odfjell Terminals Maritiem B.V. (OTM). The principal business activities of the company were jetty services and waste handling. The waste handling of OTM has been badly affected by the worldwide economic crisis and the subsequent reduced shipping activities within Rotterdam. In order to avoid future losses, it was decided late 2009 to discontinue the waste handling business of OTM activities and to decommission the equipment related to waste handling. The plan is to consolidate the land lease contract and jetty into OTR, and to start a study with the aim of utilizing the land for further expansion.

ODFJELL TERMINALS (HOUSTON) LP - HOUSTON, USA (OTH)

Houston is the major international hub for import and export of chemicals in the US. OTH is the hub for Odfjell’s global and regional trades to and from the US Gulf. The realisation of synergies is always a priority and the tank terminal has multiple common customers with Odfjell Tankers that demonstrates the benefit of cargo consolidation and expedited shipment for all parties.

Our tank terminal in Houston was completed by Odfjell in 1983, and since the mid 1990’s has been through a considerable expansion period. The tank terminal has gradually increased with the market over the years, and during first semester 2009 concluded an expansion of six additional tanks of 49,300 cbm. At year end, the tank terminal had 98 tanks with total capacity of 320,600 cbm.

The facility is in the process of constructing two more tanks increasing the capacity by 10,700 cbm.

The tank terminal comprises one of the largest stainless steel storage capacities of any independent tank terminal in the world, in total 82,000 cbm.

The facilities’ unused land and existing infrastructure still provide opportunities for further expansion, with potential
storage capacity of totally around 160,000 cbm in the existing area.

OILTANKING ODFJELL TERMINAL SINGAPORE PTE LTD – SINGAPORE (OOTS)

As one of the busiest ports in the world, Singapore plays a major role for distribution of petrochemicals in Southeast Asia. Singapore also has a high concentration of refinery capacity, as well as a large and diversified chemical production. Further growth is secured through its prime location, good infrastructure and a stable economy and government. OOTS is located on Jurong Island, where most of Singapore’s development of petrochemical industry is concentrated.

The tank terminal became operational in 2001. In 2009 OOTS successfully completed an important expansion of total 152,000 cbm (28 tanks). The resulting total capacity is 365,000 cbm in 79 tanks, varying from 800 cbm to 18,000 cbm. The stainless steel capacity is 13,520 cbm. In 2009 OOTS also concluded the construction and commissioned a new berth of 45,000 DWT capacity, raising the total number of deep-sea jetties to three. The berths can accommodate double-banking and board-to-board cargo transfers as well as delivering bunker fuels from shore tanks. The tank terminal also has the operational management and access to two additional berths. With the
additional land available, the tank terminal can expand further.

The flexible storage and transfer services offered by the tank terminal, along with excellent marine facilities create a good platform for Odfjell to develop a hub for the global and regional shipping services in Southeast Asia.

The tank terminal is a 50/50 joint venture between Odfjell and Oiltanking.

ODFJELL TERMINALS (KOREA) CO LTD – ONSAN, KOREA ( OTK)

OTK is strategically located in the most important petrochemical distribution and transhipment hub in Northeast Asia. Odfjell is a major carrier of bulk liquid chemicals into and out of Korea, with a significant number of port calls and transhipment operations in the region. The tank terminal became operational in 2002.

The tank terminal has 70 tanks with a total storage capacity of 250,590 cbm. In 2009 OTK completed a substantial expansion of 79,920 cbm. As the most sophisticated terminal in Onsan, OTK has 15,860 cbm stainless steel capacity. The tank terminal owns and operates two berths with user rights to another two berths, with maximum 80,000 DWT. OTK also has modern drumming facilities for break bulk operations. The tank terminal has land for future expansions.

Odfjell holds 50% of the shareholding and local partner Korea Petrochemical Ind. Co. Ltd, has 43.59%, with the remaining 6.41% shareholding held by two other Korean companies.

ODFJELL TERMINALS (DALIAN) LTD - DALIAN, CHINA (OTD)

OTD initiated operations in 1998, but was relocated during 2007 from its original location to Dalian New Port in Xingang. In combination with the relocation, the tank terminal increased its capacity to over 50 tanks with a total capacity of 119,750 cbm. The stainless steel capacity is 18,350 cbm. In recent years, the tank terminal delivered strong performance with the expanding petrochemical activity in the Northeast, however, the volumes fell significantly in 2009, especially in the early parts of the year as the industry was affected by the financial crisis.

The tank terminal has four berths for sea-going tankers with up to 50,000 DWT capacity. The location is well connected by rail to the vast hinterland of Northeast China and the tank terminal handles impressive volumes via its rail facilities which can facilitate up to 120 rail wagons concurrently.

Odfjell holds 50% of the shares and Dalian Port Company Ltd., a company listed in Hong Kong, is the other shareholder in the company.

ODFJELL TERMINALS (JIANGYIN) CO LTD – JIANGYIN, CHINA (OTJ)

Odfjell Terminals (Jiangyin) Co. Ltd is located in Jiangyin Economic Development Zone on the south bank of the
Yangtze River approximately 150 km west of Shanghai and 12 hours by ship upriver from the entrance of Yangtze River. The 99,800 cbm terminal became operational late 2007 and has excellent facilities to handle a wide range of petrochemicals from ships, barges and trucks. OTJ comprises of 22 tanks. The stainless steel capacity is 30,000 cbm.

The impressive jetty has five berths, which can handle ships up to 50,000 DWT and two additional berths for barges.

OTJ has an agreement to acquire additional 160,000 m2 land for future expansion. Odfjell holds 55% of the shares
whereas local partner the Garson Group owns the remaining 45%.

VOPAK TERMINAL NINGBO, CHINA

This tank terminal started operations in 1994. Located close to Shanghai, Ningbo is a key port for importing chemicals to the central east coast of China. The terminal serves ships, barges, rail cars and trucks and currently has a capacity of 63,500 cbm. Odfjell has a 12.5% shareholding in the tank terminal, with the other partners being Vopak, Helm AG and the Port Authorities.

OILTANKING ODFJELL TERMINALS & CO L.L.C - SOHAR, OMAN (OOTO)

Sohar Industrial Port is strategically located in Oman outside the Strait of Hormuz only a few hours driving from the
petrochemical industry in UAE and Saudi Arabia. In the port there is a refinery and several world scale petrochemical complexes. This development is driven by the desire of the Sultanate of Oman to exploit the nation’s gas reserves and create a strong “value added process economy” as opposed to an energy export economy.

OOTO has the exclusive right to manage six liquid berths and provide bulk liquid storage within Sohar Industrial Port.
Based on the requirements of the captive industry in Sohar and a strong market for storage of mineral oils, OOTO embarked on the construction of a tank terminal of total 842,500 cbm for chemicals and oil products. By end of 2008 we commissioned 537,000 cbm, during the first semester of 2009 we concluded and commissioned the remaining 305,000 cbm. Only few months after the official inauguration of the terminal in March 2009, we were awarded further long-term storage contracts and therefore initiated an expansion for an additional 425,000 cbm. Upon completion in 2011, the total capacity of the tank terminal will be 1,267,500 cbm.

Odfjell holds 30% of the shareholding in OOTO. The company is jointly managed by Odfjell and Oiltanking.

ECT – BIK, IRAN (ECT)

The latest addition to Odfjell Terminals’ expanding network of terminals is Exir Chemical Terminal (PJSCO) (ECT), a joint venture company between Odfjell Terminals (35%), Oiltanking (35%) and Nuian, a private Iranian investor (30%). ECT is the first independent tank terminal for bulk liquid chemicals in Iran.

ECT is strategically situated in the Petrochemical Special Economic Zone (PETZONE) in the port of Bandar Imam
Khomeini. The terminal is connected by pipelines to jetties of the PETZONE with capacity of 45,000 DWT.

The first phase of the tank terminal is 22,000 cbm and was partially ready for operation in January 2010.

ASSOCIATED TANK TERMINALS, SOUTH AMERICA

Odfjell’s involvement with tank terminals started in South America, where the first terminal became operational in Buenos Aires in 1969. Today, it consists of eight chemical tank terminals spread along the coasts of Brazil, Argentina, Chile and Peru, with a strong market position for chemical storage in the region. The Odfjell family owns these terminals privately, their operational headquarter being in Sao Paulo.

The four Brazilian tank terminals are located in Santos, Rio Grande, São Luís and Corumba. In Argentina, they have
two tank terminals, one in Buenos Aires and the other, a state-of-the-art terminal in Campana, about 80 km upriver from Buenos Aires. The Chilean tank terminal is located in San Antonio. The latest addition is a highly sophisticated chemical tank terminal in Callao, Peru.

These extensive tank terminal activities in South America provide an excellent complement to Odfjell’s close to seven million tonnes per year of shipping activities within the region. Where practicable, shipping and storage services are marketed from shared offi ces, facilitating logistical solutions as comprehensive as deemed convenient by our customers.