Cory Towage Awarded Lithuanian Deal

Thursday, August 05, 1999
Cory Towage has been granted a contract to provide a variety of marine services in the Baltic at the newly built import/export oil terminal at Butinge in Lithuania. The agreement, which began in March, was awarded by Lithuania's state-owned oil company, Mazeikiu Nafta, and is centered around a single point mooring (SPM) facility for the export of Russian crude oil. Cory's function in this venture entails provision of tanker berthing and general marine support, including the provision of two vessels - a berthing tug and a workboat, and berthing/loading masters, operation of oil spill recovery equipment and maintenance services above and below the water for the SPM. T Located about five miles offshore, the SPM can accommodate tankers of up to 80,000-dwt.
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