Odfjell

Strategic Concepts & Mechanics

Cornerstone MoveOutsider-to-Kingpin Control Loops

Strategic PatternWinning Through Distressed Takeovers

Relationship LeverageCourt of Brokers and Right Hands

Cornerstone MoveAsset Cycling to Capture Volatility

Signature MoveNo-Sentiment Steel Disposal

Strategic PatternOption-Loaded Contract Structures

Risk DoctrineTax Residency as Strategic Moat

Signature MoveMicro-Managed Outsourced Operations

Decision FrameworkBuy Control, Outsource Operations

Competitive AdvantageInformation Edge from Broker Web

Operating PrincipleNo Sentiment for Old Steel

Signature MoveShareholder Cash-Flow Relentlessness

Operating PrincipleDeal-First, Fix-Later Mentality

Cornerstone MoveDeal With Myself for Maximum Leverage

Risk DoctrineFlags and Structures as Shields

Signature MoveRisk Appetite As Primary Weapon

Primary Evidence

"The Fredriksen group committed to selling the eight chemical tankers "Fort Puma," "Fort Lion," "Fort Wolf," "Fort Leopard," "Fort Cheetah," "Northern Panten," "Northern Falcon," and "Northern Eagle," seven of them 40,000 tons, built in 1986 or 1988 and registered in Cyprus, to Odfjell's publicly listed company Storli for 205 million dollars. This gave the Fredriksen group a profit of 500 million kroner."

Source:Storeulv (translated)

"The most interesting area was medium-sized chemical ships. Here, Norwegian shipowners like Odfjell, Stolt-Nielsen, and Westfal-Larsen are the largest in the world. The outsider attacked the industry leaders, and he was smart enough to secure one of the competitor’s heavyweights, namely Stolt-Nielsen director Ivar Gram, who was set to market Fredriksen's ships from an office just north of New York."

Source:Storeulv (translated)

Appears In Volumes

Storeulv (translated)