Neste Oil Shipping News

Neste Oil is planning to exit its shipping business. According to the plan, the company would sell all its own vessels and outsource the ship management functions currently covering them, with around 320 ship management personnel transferring to a new employer. Neste Shipping's chartering functions would be retained and integrated with Neste Oil's organization. Going forward, Neste Oil intends sourcing its marine transportation through contractual arrangements. "Neste Oil's shipping needs have changed in recent years," explains Neste Oil's President & CEO, Matti Lievonen.

DNV has issued a compliance certificate for the first ship fitted with an exhaust gas cleaning system capable of meeting the requirements of SOx Emission Control Areas. The certification demonstrates that ship operators may in the future have the option of using traditional fuel oils, rather than low-sulphur fuels, when voyaging in designated sensitive areas such as the North Sea. The pilot SOx scrubbing system was fitted to the exhaust pipe of an auxiliary engine on the product tanker, MT Suula, owned by Neste Oil Shipping of Finland. DNV approved the system on behalf of the Finnish Maritime Administration after overseeing the installation and successful operation of the new technology.