 Bernt Daniel Odfjell and his son Dan Odfjell take over the deep-sea chemical tanker fleet, with Skibsaksjeselskapet Storli as their main corporate entity, plus the terminal business.Johan Odvar Odfjell and his son Abraham Odfjell take over the small tankers, which later becomes Jo Tankers, and the offshore rig business through Odfjell Drilling and Consulting Company (ODCC).The family dispute and challenging market conditions during the 1970s and early 1980s, leave the company considerably smaller and financially rather strained.