Since August 2020 Oliudreifing has received a formal equal pay certification and a permit to use the Equal Pay Label until the year 2023. The main objective of equal pay certification is to combat gender-based wage differentials and promote gender equality within the workforce. This is therefore an important confirmation that the procedure for deciding wages at Oliudreifing is based on objective considerations and does not involve gender-based discrimination.

The Gender Equality Certification standard was passed as a law in 2017 and came into effect in 2018.   All Icelandic companies with 25 employees or more, are subjected to this legislation and have to pass a rigorous auditing scheme.   Once the certification has been obtained, companies are audited annually as is required to maintain the certification.

Olíudreifing’s new vessel arrived in Reykjavik Harbour after a journey of 4,200 nautical miles from its place of construction in the Akdeniz shipyard in Adana, Turkey. The vessel was named Keilir, the same name as that of the Company’s vessel built in China in 2002. Keilir will replace M/T Laugarnes, which has been owned by Olíudreifing since 1998. An agreement on the construction of a new vessel was signed in Reykjavík on 16 January 2018. Keilir was built according to the shipyard’s design, the 5th ship to be built according to this blueprint. Keilir is also the fourth tanker vessel to be built for Icelandic operations. Previously, Stapafell I and Stapafell II had been built for Olíufélagið and Skipadeild Sambandsins, and the previous Keilir for Olíudreifing in Shanghai in 2002. A total of eleven oil tankers have been owned by Icelanders, excluding boats.

The latest development in security matters was a primary focus during the building of the ship. The new Keilir has great improvements in

Annual audit of the activities of Olíudreifing

BSI auditor carried out an annual audit of Olíudreifing for the quality standard ISO 9001, the environmental standard ISO 14001 and the safety standard OHSAS 18001, and as most of us know a certification process was carried out for Olíudreifing regarding the introduction of these standards. The results of this audit were eagerly anticipated, for even if the introduction of the standards proceeded successfully it does not necessarily follow that operations will be adequately conducted in accordance with them. 

To make a long story short, the audit yielded good results as only three notes were made in the report, which cannot be considered severe as the audit took place at a time when all facilities were in full operation, and this gives us a good indication that we are satisfactorily working in accordance with the obligatory safety requirements and work procedures.

Much work has been devoted to establishing and maintaining the work procedures required according to the standards, and it must also be kept in mind that their purpose is not least to prevent accidents and adverse incidents from occurring,