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KNOT Concludes Time-Charter Contract for New Shuttle Tankers

Knutsen NYK Offshore Tankers AS (KNOT; headquarters: Haugesund, Norway), of which NYK has a 50 percent share, has concluded a time-charter contract with Brazil Shipping 1 Limited, a subsidiary of the U.K. energy supplier BG GROUP PLC. This contract is for a maximum 20-year period starting from the second quarter of 2017 and follows the time-charter contracts that were concluded in September 2014 for two shuttle tankers.*  

The new contract aims to use a 158,000 DWT Suezmax tankers built by Hyundai Heavy Industries Co. Ltd. and equipped with enhanced dynamic-positioning systems to shuttle crude oil processed in waters off Brazil. BG GROUP PLC owns interests in oil and gas fields in the waters off Brazil and is one of the major players in this area.

 Upon commencement of this tanker contract, the KNOT Group will have 32 shuttle tankers in operation or on order.

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, such as those that are part of the company’s shuttle tanker and offshore business.

* Shuttle tanker

Also called a “floating pipeline,” a shuttle tanker loads crude oil from floating production, storage, and offloading (FPSO) units in deepwater fields while maintaining a certain distance in the ocean, and then transports the oil to crude-oil storage units or petroleum storage stations on land.

In response to market demand, members of the G6 Alliance announced the below enhancements, which will improve Asia – North America (Pacific Southwest) transit time as well as coverage. NYK will continue to make every effort to improve its quality and ability to respond to the diversifying needs of customers.

 

(1) Additional Pusan call to CC2 (Central China 2) Service

 

The CC2 service will be upgraded to include a permanent Pusan call. Transit times from other origins will remain unchanged. The new port rotation will be as follows:

Ningbo – Shanghai – Pusan – Long Beach – Ningbo

Effective from the following voyage: OOCL Kuala Lumpur OKL 075E, ETA Ningbo June 28, 2015, and ETA Long Beach July 16, 2015

 

(2) Additional Kaohsiung call to SC1 (South China 1) Service

The SC1 service will be upgraded to include an additional eastbound Kaohsiung call. The new port rotation will be as follows:

Xiamen – Chiwan – Yantian – Kaohsiung – Los Angeles – Oakland – Kaohsiung - Xiamen

Effective from the following voyage: APL Houston AHT 008E, ETA Xiamen July 1, 2015, and ETA Los Angeles July, 20, 2015

 

The G6 Alliance offers a variety of services between Asia and Europe, between Asia and North America, and across the Atlantic covering all major port pairs with weekly sailings.

The G6 Alliance members include APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha, and Orient Overseas Container Line.

 

On May 12, NYK Lynx, a containership operated by NYK Line, rescued one person from a sailing yacht in distress 260 nautical miles off the Galapagos Islands. The yacht had been adrift for two weeks after encountering trouble with the main engine.

On May 8, NYK Lynx set out from Callao, Peru, on a course toward Manzanillo, Mexico. But while sailing through the Pacific on May 11, the ship received an alert from a yacht.

NYK Lynx immediately set a course for the yacht — maintaining contact the entire way — and successfully rescued one person in good health in the early morning of May 12.

The sailor is due to disembark NYK Lynx at the port of Manzanillo on May 15.

-- About NYK Lynx

 

Captain:

Liviu Vasile

Flag:

Panama

Crew:

24   seafarers   of various nationalities

(Romanian,   Russian, Croatian, Filipino)     

Gross Tonnage:  

75,201 tons

Type of Vessel:

Containership

Ship management:

Columbia Shipmanagement Pte. Ltd.