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Odfjell Asa News

05 Jan 2021

Sævik Named Managing Director of New Havyard Ship Technology

Karsten Sævik  (Photo: Siv-Elin Nærø / NHST)

Karsten Sævik has been named managing director of the New Havyard Ship Technology AS (NHST) shipyard in Leirvik, Norway, replacing outgoing managing director, Erlend Hatleberg, who has chosen to seek new opportunities outside the Havyard Group, the company announced Tuesday.Sævik brings to the role high-level experience in vessel construction and operations, having previously held roles as VP of projects and newbuilding at Odfjell ASA, CEO at Remøy Shipping and CEO at Ulstein Verft.The new managing director joins NHTS at a time of transition following last year's bankruptcy.

25 Nov 2003

Dow Chemical Files Suit Against Shipping Companies

Dow Chemical Company and its subsidiary Union Carbide Corporation have filed lawsuits in the US against Odfjell and three other major parcel chemical tanker carriers, Stolt-Nielsen, Tokyo Marine and JO Tankers in relation to violations of antitrust laws in the US, and claimed damages as a consequence thereof. The lawsuits have not yet been served on Odfjell. On September 29, Odfjell ASA's wholly owned subsidiary Odfjell Seachem AS entered into a voluntary plea agreement with the US Department of Justice. Odfjell Seachem AS agreed to plead guilty to a single-count violation of the US Sherman Antitrust Act for allocating customers and thereby fixing prices on certain contracts of affreightment from 1998 to 2002.

25 Nov 2003

Stolt-Nielsen Says Dow Lawsuit Without Merit

Commenting on a lawsuit filed recently by Dow Chemical Co. against four chemical carriers including Stolt-Nielsen S.A., SNSA said that the company believes the Dow Chemical claims are without merit and that it will vigorously defend itself against those claims. The company added that the relationships between its chemical shipping unit - Stolt-Nielsen Transportation Group B.V. - and its customers are governed by contracts that contain arbitration clauses. SNSA said it will move for the courts to compel arbitration as agreed to by customers in their contracts with the company. The other three carriers named in the Dow Chemical suit are Odfjell ASA, Jo Tankers B.V. and Tokyo Marine Co, a unit of Mitsui O.S.K. Line Group.

11 Jun 2004

Odfjell Reports on Accident Onboard M/T NCC MEKKA

Odfjell has confirmed that second injured crewmember passed away last night. Since the accident onboard M/T NCC MEKKA he has been under intensive medical treatment at a specialist hospital in Rio de Janeiro, Brazil. A Maritime Enquiry was held on board M/T NCC MEKKA on June 9 while the ship was at anchor in Rio de Janeiro. The Enquiry was administered by the Norwegian General Consul in Brazil and attended by Maritime Investigator John Ramsoy from the Norwegian Maritime Directorate (NMD) and Odfjell's Risk Manager, Capt. Toralf Sorenes. Several witnesses were heard during the Enquiry and a survey of the area of the explosion was also carried out.

01 Jul 2004

Sjaastad Leaves Odfjell

The Board of Directors of Odfjell ASA and President/CEO Bjørn Sjaastad have mutually agreed that Bjørn Sjaastad will leave Odfjell with effect from 30 June 2004. Mr. Sjaastad has been on leave of absence since end September 2003. In accordance with his contract Bjørn Sjaastad will be paid two year's salary at NOK 2,6 mill. per year when leaving Odfjell. He is also entitled to certain agreed pension rights, the capitalized value of which is calculated at NOK 4,3 mill. Mr. Terje Storeng will continue as interim President/CEO until further notice.

11 Feb 2002

Odfjell Orders Electronically-Controlled Engine

Odfjell ASA have ordered an electronically-controlled engine from MAN B&W Diesel A/S , a 7-cylinder S50ME-C model to be manufactured at the group's Alpha Diesel factory in Frederikshavn, Denmark. Norwegian owner Odfjell ASA has specified the engine to power a 37,500 dwt chemical tanker newbuilding due from the Norwegian yard Kleven Floro AS in the fall of 2003. The 7S50ME-C will be the first MAN B&W Diesel two-stroke diesel engine to be built from the start purely with fully integrated electronic control systems that eliminate the traditional camshaft. Planned for delivery by MAN B&W Diesel, Frederikshavn Works, in spring 2003, the 7S50ME-C engine will have an output of 10,415 kW at 120 r/min.

15 Jun 2000

Marine Innovations

In extending its adherence to delivering cost-efficient and safety driven technologies, DNV has introduced a new means of quickly and accurately determining steel thickness can speed ship surveys. It is especially valuable in inspecting old and corroded steelwork. Present-day methods, based on ultrasonic thickness measurements, are said to have dubious reliability on heavily corroded plates, and for large vessels are also considered too slow. The basic technological challenge was to transmit 100 percent of the signal energy through corroded steel plates, and receive and interpret the reflected signal to give an accurate thickness measurement. The basic principles of the new measuring method (half-wave resonance) have been known for 40 years.

31 Jan 2005

Wärtsilä Signs Seafarer Training Contract with Odfjell

The Norwegian shipping company Odfjell ASA has extended its existing crew training contract with Wärtsilä by five years. Wärtsilä Land & Sea Academy (WLSA) will provide competence training for Odfjell's personnel at its training centre in Subic Bay, the Philippines, to ensure continuous improvement of their seafaring skills. WLSA, together with Odfjell, will build suitable training programmes for the crews working on Odfjell's vessels. For this training programme, WLSA is also investing in simulators for training in ship and cargo handling at the Subic Bay training centre. In May 2004 Wärtsilä signed a coperation agreement with AB Utbildning Sydväst (Sydväst Maritime)…

01 Aug 2005

M/T NCC Madinah Collision Update

OnJuly 5, the M/T NCC Madinah, a chemical tanker operated by Norwegian ship managers Odfjell ASA, was involved in a collision with an Indonesian tanker, the M/T MR-I, at the port of Gresik, Surabaya, Indonesia. Both ships had local harbour pilots onboard. Although both ships were damaged during the accident, there was no pollution. Tragically, however, one person onboard MR-I is missing and three others were injured as a result of the collision. Odfjell are conducting a full and urgent investigation into the circumstances of the accident, which took place in the busy entrance channel to the port. Meanwhile, yesterday the Court of Maritime Affairs at Surabaya issued their initial opinion on the collision, based on the local authorities' preliminary examination of the incident.

12 Apr 2007

Jo Tankers Receives Charges from EU over Alleged Cartel

Norwegian tanker company Jo Tankers has confirmed it has received a statement of objections from the European Commission regarding an antitrust probe into bulk liquid shipping companies. The response follows a confirmation from peer Odfjell ASA that the EU Commission had begun formal investigations of it in an antitrust probe. The commission said earlier it had issued formal cartel charges against 'a number of' bulk liquid shipping companies, without naming them. In 2003, the four major chemical tanker operators in Europe -- Odfjell, Stolt-Nielsen Jo Tankers and Tokyo Marine in London -- announced that antitrust authorities raided their offices in Norway, the Netherlands and the UK, investigating a possible cartel.

28 Mar 2007

Sperry Marine to Supply New Radars for Odfjell Tankers

Northrop Grumman Corporation signed a contract with Norwegian shipowner Odfjell ASA to install new radars and other navigation systems on its fleet of parcel tankers. The equipment will be supplied and installed by Northrop Grumman’s Sperry Marine business unit through its worldwide network of service locations. Initial orders under the contract have been placed for 20 Sperry Marine VisionMaster FT radars to be fitted on ten Odfjell ships. The contract also provides options for additional radar purchases for other ships in the fleet, as well as orders for retrofit of simplified voyage data recorders and electronic chart display and information systems on existing ships.

22 Sep 2006

Odfjell Expands its Chemical Tanker Fleet

Odfjell has invested more than $130m recently in expanding its fleet, acquiring five chemical tankers. Four of the chemical tankers are second-hand ships with stainless steel cargo tanks and are built between 1995 and 1997. M/T "Giada D" (10 115 dwt./built 1996) is built in Italy, and was delivered 12 September from Italian owners. The vessel has been renamed "Bow Querida". M/T "Euro Azzurra" (13 843 /1997) is built in Italy, and will be delivered late 2006/early 2007 from English owners. This ship is acquired by a Norwegian 50/50 joint venture company owned by Odfjell ASA and Kristian Gerhard Jebsens Skipsrederi AS. M/T "Brage Atlantic" (17 460/1995) and M/T "Brage Pacific" (17 460/1997) are built in Norway.

10 May 2006

Stolt-Nielsen Acquires Parcel Tankers

Stolt-Nielsen S.A. announced that its wholly owned subsidiary, Stolt-Nielsen Transportation Group (SNTG), has acquired two parcel tankers, each of approximately 8,600 deadweight tons, to meet growing customer demand in the Company's inter-European service. The sisterships M/T Bow Wave and M/T Bow Wind, previously on time charter to Odfjell ASA, were purchased from Iino Lines for $18.5m each. SNTG expects to take delivery of the ships between July and November of this year. Both ships were built to IMO II standards in 1999 by the Usuki Shipyard Co. Ltd. of Japan. Features include double hulls, fully stainless steel tanks, and 20 segregations per ship. M/T Bow Wave and M/T Bow Wind will be renamed M/T Stolt Skua and M/T Stolt Teal, respectively.

03 Jan 2006

Bow Mariner Investigation Completed

The investigation of the Feb. 28, 2004 sinking of a chemical tank ship off the coast of Virginia has been completed. A press conference is scheduled for Tuesday January 3, 2006, at 10 a.m. to be held at Coast Guard Sector Hampton Roads at 200 Granby Street, in Norfolk. The speaker will be Capt. Robert O' Brien, Captain of the Port of Hampton Roads. He will be accompanied by Jerry Crooks, Chief of Investigations at Sector Hampton Roads. The Bow Mariner, a 570-foot, 40,000-ton tanker exploded with 27 people aboard. It was carrying 3.2 million gallons of industrial-grade ethanol, plus 200,000 gallons of No. 6 fuel oil and 53,000 gallons of diesel oil.

02 Jul 2003

Nor-Shipping Roundup: Stepping Out in Oslo

The Nor-Shipping Exhibition concluded June 6, 2003. Following were some of the major announcements during the week in Oslo. Kongsberg won a contract for the control systems for four LNG tankers scheduled to be built in Japan. The ships will carry LNG from the Snohvit field to the U.S., Spain and France. Two of the ships are being built for Hoegh shipping lines at Mitsubishi Shipyards, while the other two are being built at the Mitsui and Kawasaki shipyards. Kelvin Hughes was awarded type approval for its ECDIS-based Track Control System. This is the first Approval of its type to be granted by LR and covers the integration of the company's ECDIS and Autopilot products into a system meeting the new IEC 62065 track control performance standard.

17 Dec 2002

Odfjell's Seafarers Receive Competence and Career Management Program

Following the recent launch of Wärtsilä's Land and Sea Academy (WLSA) for training all categories of seafarers to today's high skills and competency needs; Wärtsilä is pleased to announce its first major seafarer competence and career management development contract. The specialized chemical logistics provider, Odfjell ASA has signed a four-year contract with WLSA to develop and implement comprehensive training and career path solutions for their seafarers. WLSA will provide Learn@Sea(TM) service which will enable Odfjell to utilize state-of-the-art competence management infrastructure and advanced training logistics support. By partnering with WLSA, Odfjell will be able to optimize its competence and career management program thus achieving the best value and results of their investments.

18 Feb 2000

Odfjell, Ceres To Merge Chem Tanker Fleets

Norway's Odfjell ASA and Greece's Ceres Hellenic Shipping will merge their chemical transport assets to create the world's largest fleet of clean tanker tonnage. The transaction, a combined $360 million investment, will create a combined fleet of 92 ships, of which 49 would be wholly or partly owned, company officials said. Odfjell will issue 4.9 million shares to Ceres, worth about $121 million, in exchange for nine chemical tankers totaling 335,000 dwt and four ships totaling 160,000 dwt to be delivered in 2001-2002. Odfjell will also purchase all the shares in Ceres' chemical tanker company Seachem and remaining Seachem ships in its 23 vessel fleet would be managed by the combined group.