Societas Europaea (: ) | |
Industry | Shipping |
Headquarters | Bergen, Norway |
Revenue | USD 1,239 million (2007) |
USD 204 million (2007) | |
USD (10) million (2007) | |
Website | www.odfjell.com |
Odfjell SE is a European shipping and tank terminal company that is headquartered in Bergen, Norway and is listed on .
Company business is in two parts, the shipping and the tank terminal activities.
The shipping business is managed from the Bergen headquarters, and comprise chartering, operation and ship management. As per June 2014 company operates about 80 chemical tankers, about half owned by company itself. There are two 49,000 dwt chemical tankers under construction at the Hyundai Mipo yard in South Korea, for delivery during 2014. The chemical tanker fleet operated amounts to abt. 2,25 mill dwt, or 2.5 mill m3 by cargo tank volume, nearly 2 mill m3 being stainless steel tanks. Also operated are three LPG/Etylene tankers, two of them company owned. There are eight 17,000 m3 LPG/Ethylene carriers under construction at the Nantong Sinopacific yard in China, for delivery 2015 - 2017. Ships owned by Odfjell SE use the prefix BOW to their names.
The terminals activities are managed by the subsidiary company Odfjell Terminals BV, Rotterdam, jointly owned 51/49% by Odfjell SE and Lindsay Goldberg. The company owns 10 tank terminals, and cooperates with another 12 being owned by parties related to the company. Owned terminals are located in the US, in Europe, in the Middle East, and in the Far East.
International offices are maintained throughout the world; in the US, South America, Europe, Middle East, Africa, Far East and Australia. Company employs about 3,400 personnel worldwide, mariners and shore personnel.
Company celebrates its centenary in 2014. Chairman is Laurence Ward Odfjell (1965 - ), of fourth generation.
The company traces its history back to 1890, when captain Berent Daniel Olsen (1849 -1912) moved to Bergen with his family in order to become part of the (then) modern shipping: Steel hulls and steam propulsion. His three sons, Fredrik (1878 -1950), Abraham (1881 - 1960), and Andreas (1885 - 1968) changed their family name to Odfjell shortly after the turn of the century. The three brothers bought their first ship, the secondhand DS Birk, in November 1914. In the spring of 1915 Fredrik and Abraham Odfjell jointly established AS Rederiet Odfjell, to serve as the corporate vehicle for their shipping interests. In 1916 they bought the secondhand DS Storli, and established the single purpose company Skibs AS Storli as her formal owners. This company is the direct predecessor of Odfjell SE.
Initially, company tonnage was solely dry cargo tramp ships. From the early 1930s there was a gradual shift towards liner vessels, in cooperation with French interests. Of more significance for the future was an entry into the small tanker segment during the final years of the 1930s. As Norway became a bellingerent in WW2 in April 1940 the company fleet comprised seven ships, plus two small tankers under construction. These two, and three other ships, became controlled by the occupants, while the remaining four ships became part of the Nortraship fleet, controlled by the Norwegian Government in exile in London. Three ships were lost due the hostilities, 41 crew and an unknown number of German navy cadets perished.