GLG News Analyses of the following article:

Oiltanking Odfjell Terminal Singapore Pte Ltd secures a 6 year Syndicated Term Loan Facility of SGD 200 million (USD 138 million)

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Published at: www.yourprojectnews.com

Diran Majarian, Managing Director

Diran MajarianManaging DirectorAmalia Tankers Inc What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Odfjell is well positioned in the current shipping crisis

September 28, 2009

Odfjell is one of the big four traditional parcel chemical tanker operators together with Stolt Nielsen, JO Tankers and Tokyo Marine. Odfjell controls 17.8% of the global core chemical market. They have an integrated logistical system with tank storage, large chemical tanker fleet and sizeable contract book with end users. They are expanding their tank storage business to complement their ME partnership with NCC for Middle East refinery exports to the Far East.

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