KNOT Purchases 3 Shuttle Tankers from J. Lauritzen

By Joseph R. Fonseca
Sunday, August 24, 2014
Shuttle Tanker

 

Knutsen NYK Offshore Tankers AS (KNOT; headquarters: Haugesund, Norway), of which NYK has a 50 percent share, has officially reached an agreement with J. Lauritzen A/S (headquarters: Copenhagen, Denmark) to purchase its three shuttle tankers.*
 
The shuttle tanker fleet acquired by KNOT consists of the following vessels:
 
1. Dan Eagle (built: 1999; DWT: 45,000 tonnes)
2. Dan Cisne (built: 2011; DWT: 59,000 tonnes)
3. Dan Sabia (built: 2012; DWT 59,000 tonnes)
 
After delivery to NYK, Dan Eagle is assigned to a five-year time-charter for Petróleo Brasileiro S.A.
 
Since their respective deliveries from the shipyard in 2011 and 2012, Dan Cisne and Dan Sabia have each been engaged in a 12-year time-charter for Petrobras Transporte S.A., a wholly owned subsidiary of Petrobras SA., and these two shuttle tankers will continue to provide this service.
 
This purchase will grow the NYK Group’s shuttle tanker fleet to 28 ships, and the group’s offshore business will resultantly expand with a focus on crude-oil transport from the North Sea and the waters off Brazil.
 
In accordance with its medium-term management plan “More Than Shipping 2018,” NYK will continue its efforts to provide stable and economical energy-transport services in both the shuttle tanker and offshore businesses.
 
*Shuttle tanker
A shuttle tanker, often called a “floating pipeline,” loads crude oil from floating production, storage, and offloading (FPSO) units in deep-water fields, and then transports the oil to crude-oil storage units or petroleum storage stations on land.

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

Benghazi Port Still Closed, Imports Rerouted

The commercial port in Libya's second city, Benghazi, remains closed due to fighting between pro-government and Islamist forces, forcing wheat imports to make a detour via Tobruk harbour,

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

News

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

Mergers & Acquisitions

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Teekay Tankers to Acquire 5 Tankers

Teekay Tankers Ltd. announced that it will acquire four coated Aframax tankers and one uncoated Aframax tanker for an aggregate purchase price of approximately $230 million.

DP World: Shareholders Back EZW buy, London Delisting

Shareholders of DP World have approved buying Economic Zones World from its majority shareholder and also backed the port operator's delisting from the London Stock Exchange,

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2190 sec (5 req/sec)