ODFJELL

TANKERS

The use of chemicals is integrated in virtually everyone’s day
to day life, and the value chain from production to the end
customer is complex and substantial. Odfjell Tankers specialises
in optimising the mid-stream component of this intricate chain.

We add value to our customers’ logistics, trade a dynamic portfolio of owned and chartered vessels in the spot- and contract markets, and maximise our shareholders’ returns by safe, effective operations and optimised fleet scheduling.

OUR CUSTOMERS

Odfjell Tankers has a wide range of customers, from the oil majors and largest chemical manufacturers to smaller logistical companies and traders.

We serve more than 500 customers on a regular basis, including all the major chemical producers in the world. It is our ambition to provide superior service to all our customers, making sure that all stakeholders’ interests are attended to.

OUR ORGANISATION

Odfjell Tankers is a modern chartering and operations organisation, providing our customers with dedicated services on all major shipping hubs, throughout the world.

Our extensive network of intermediates effectively meets our customers’ demands, 24/7. Chemical shipping contains a multitude of aspects and responsibilities with regards to charterers, brokers, ports and cargoes. Meeting these demands requires highly competent employees. We take pride in our staff, and believe that our employees are second to none.

OUR SERVICES

We offer shipping services worldwide and arrange for transshipment of products to physically restricted ports and berths. Today, we operate 75 vessels. 57 of these ships are deep-sea vessels.

The fleet consists of five main categories: Supersegregators with multiple segregations, large stainless steel chemical tankers, medium stainless steel chemical tankers, coated tonnage and regional fleets in Asia and South America. Fleet composition, scheduling and vessel trading optimisation are all critical success factors, as is our organisation’s pro-activeness and ability to offer safe, predictable and competitive logistics solutions.

Flexibility and interchangeability of ships between geographical areas and trade lanes are integral elements of our business model.

Odfjell Tankers’ ships are trading worldwide, calling all major ports in Europe, US, the Asia/Pacific, Africa, the Middle East and South America. In addition, we have a substantial presence in the regional trades in Asia, via Odfjell Asia: We regularly have inter-regional shipments in Asia, and to Australia, New Zealand and India.

Our fully owned Brazilian subsidiary Flumar allows us to have a significant presence along the Brazilian coast and the Mercosul area. Flumar is a fully integrated shipping company, operating four chemical tankers and one 51,000 dwt product tanker.

This worldwide presence gives Odfjell a unique opportunity to handle and secure our customers’ cargo from beginning to end.

CHEMICAL TANKERS*

Figures in

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

Gross revenue

USD million

832

940

 1 042 

 1 028 

 1 066 

 1 056 

 999 

 1 021 

 1 247 

 1 063 

Operating result before depreciation and gain (loss) on sale of fixed assets (EBITDA)

USD million

188

147

97

98

 65 

 61

 59

 73

 191

 242 

Operating result (EBIT)

USD million

98

37

 3 

 3 

(35) 

(9) 

(58) 

(6) 

 129 

 150 

Total assets

USD million

1 544

1 586

 1 654 

 1 625 

 1 749 

 1 439 

 1 593 

 1 398 

 1 462 

 1 504 

 

 

 

 

 

 

 

 

 

 

 

 

Volume shipped

1 000 tonnes

13 510

13 630

15 440

 18 215 

 19 546 

 18 500 

 19 303 

 19 414 

 19 622 

 19 502 

Number of ships per 31.12

 

73

74

77

81

96

98

 86 

 95 

 93 

 92 

Total deadweight

1 000 tonnes

2 217

2 187

 2 236 

 2 273 

 2 684 

 2 717 

 2 352 

 2 603 

 2 460 

 2 391 


* This table also include ‘corporate’
                     

OUR FLEET

Our core fleet is among the most advanced and flexible ships in the market.

We operate 22 large and sophisticated stainless steel chemical tankers between 37,500 and 50,000 dwt. These tankers constitute the core long haul (deep-sea) portfolio which we base our trades and services on. In addition, we operate a balanced portfolio of time chartered tonnage and other owned tonnage, allowing us to optimise fleet size relative to the prevailing market conditions.

OUR NEWBUILDING PROGRAMME

This year, we concluded a newbuilding contract with a state owned Chinese yard to construct four 49,000 dwt stainless steel chemical tankers with a cargo capacity of 54,600 cbm and 33 tanks. These vessels will be the largest stainless steel chemical tankers in the world. The ships will be delivered in 2019-2020. In addition, we have entered into long-term charters with reputed Japanese owners for additionally four stainless steel chemical tankers from 35,500 to 36,000 dwt with 28 tanks for delivery from Q4 2018 to Q2 2020. We expect delivery of another 26,000 dwt stainless steel chemical tanker with 26 tanks during Q1 2017 and have concluded one additional vessel for delivery Q1 2018.   

These vessels are sophisticated tonnage that will complement and grow our existing fleet and further contribute to solving our customers’ present and future requirements.