Odfjell

Odfjell SE is a company specialising in worldwide seaborne transportation and storage of chemicals and other speciality bulk liquids.

Odfjell’s ships are mainly registered in Norway (NIS) and Singapore, and are primarily crewed by Norwegian and Filipino mariners.

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

The first joint ship owning company was registered in 1914 by Olsen’s sons, Fredrik, Abraham and Andreas Odfjell.

During the 1950s, Odfjell pursued two paths: the general cargo liner trade and operation of small tankers.

The vessel was built for Odfjell by the Norwegian Stord Verft and was the world’s first purpose-built stainless steel tanker.

During this period, the shift in focus from general cargo vessels to purpose-built smaller chemical tankers was completed.

Old, well-established shipping companies went under, and laid-up crude oil tankers became a familiar sight in many Norwegian fjords.

The family split and the challenging market condition during the 1970s and early 1980s left the Company considerably smaller and financially rather strained.

To regain the leading position in the chemical tankers segment, the strategic focus was set on consolidation and growth.

The Company partnered with Westfal-Larsen, a new tank terminal in Houston, Texas was established, and the Company invested in new orders and acquisitions of second-hand tonnage, to fund these investments, Skibsaksjeselskapet Storli went public, and in 1986 the Storli share was listed on the Oslo Stock Exchange.

For the annual report presentation in 2017, the Company showed positive results and a significant improvement in the financial performance and competitiveness, despite a challenging global market situation.

Odfjell SM offers a fully integrated service, with fleet management, crewing, procurement- and logistics, technology support, newbuilding and QHSSE (Quality, Health, Safety, Security and Environment).