About Odfjell

Odfjell SE engages in the transportation and storage of chemicals and other specialty bulk liquids, as well as provides logistical services. The company, through its subsidiaries and joint ventures, owns and operates parcel tankers and tank terminals. It provides deep-sea transportation services to ports in Europe, North America, South America, the Asia Pacific, and Africa. The company is a subsidiary of Odfjell SE, Conrad Mohrsv. Segments The company operates in two business segments: Parcel Tankers and Tank Terminals. As of December 31, 2008, it had a fleet of 93 ships and 8 new buildings with a total capacity of approximately 2.6 million deadweight tons, as well as operated tank terminals with approximately 3.0 million cubic meters of storage space in approximately 1000 tanks located in 17 ports worldwide. Parcel Tankers The Parcel Tankers provide deep-sea transportation of chemicals and other liquids. The major trade lanes are from the U.S. and Europe to Asia, India, the Middle East and South America. In addition there is a trade between the U.S., Europe, and South America. Odfjell Ahrenkiel: Odfjell Ahrenkiel is a 50/50 joint venture with Ahrenkiel for marketing and operation of chemical tankers in inter-European trade. Odfjell Ahrenkiel operates a fleet of nine chemical tankers of which eight are the advanced Multitank ships of 5 870 dwt. Flumar: The company owns 100% interest in Flumar, which transports bulk liquid chemicals and gases primarily on the Brazilian coast and within the Mercosul area. The company operates three chemical tankers and one LPG ships, ranging in size from 4 400 to 13 834 dwt. Odfjell y Vapores: The 50/50 joint venture company Odfjell y Vapores operates one parcel tanker of 18,652 dwt, primarily carrying sulphuric acid along the Chilean coast. Tank Terminals The Tank Terminals offer shipping and storage services. The company has tank terminals in Rotterdam and Houston as well as in partially owned terminals in Singapore, Onsan in Korea, Oman and three in China. The company also works with eight terminals in South America through associated companies. Its tank terminals handle, store and distribute bulk liquid chemicals to or from different modes of transportation. Odfjell Terminals (Houston) LP -Houston, USA (OTH): Odfjell Terminals (Houston) is the hub for Odfjell's global and regional trades to and from the U.S. Gulf. Odfjell Terminals (Rotterdam): The tank terminal stores both chemicals and mineral oil products. In addition to the storage business, the facility has an industrial distillation plant, Odfjell Petrochemical Industrial Distillation (PID). Oiltanking Odf jell Terminal Singapore Pte Ltd. Singapore: The tank terminal is a 50/50 joint venture between Odfjell and Oiltanking. The tank terminal has a total capacity of 213 000 cbm in 51 tanks, ranging from 800 cbm to 18 000 cbm. Oiltanking Odf jell Terminals & Co L.L.C - Sohar, Oman (OOT): OOT has the exclusive right to manage six liquid berths and provide bulk liquid storage within Sohar Industrial Port. Odfjell holds 30% of the shareholding in OOT. Odfjell Terminals (Korea): The tank terminal has 64 tanks with a total storage capacity of 171 000 cbm. The terminal owns and operates two berths with user rights to another two berths. Odfjell Terminals (Dalian): Odfjell has a 50% stake and Dalian Port Co., Ltd. (50%) is the other shareholder in the company. Odfjell Terminals (Jiangyin) Co. Ltd.: The 22 tanks / 99 800 cbm terminal handles different types of petrochemicals from ships, barges and trucks. Odfjell (55%) owns OTJ together with Garson Group (45%). VOPAK TERMINAL NING BOLTD, CHINA: The terminal serves ships, barges, rail cars and trucks and has a capacity of approximately 63 500 cbm. Odfjell has a 12.5% stake in the tank terminal, with the other partners being Vopak, Helm AG and the Port Authorities. Associated Tank Terminals, South America: It consists of eight chemical tank terminals spread along the coasts of Brazil, Argentina, Chile and Peru. 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 terminal in Campana. The Chilean tank terminal is located in San Antonio. History Odfjell SE was founded in 1916.