On September 25, Knutsen NYK Offshore Tankers AS, in which NYK has a 50% share, held a naming ceremony for a new shuttle tanker that is being built at Hyundai Heavy Industries in South Korea.
The ceremony was attended by KNOT president Trygve Seglem , NYK senior managing corporate officer Hitoshi Nagasawa, and NYK corporate officer Svein Steimler, among others. The 112,000 DWT shuttle tanker, which is equipped with a class II dynamic positioning system and a bow-loading system,was named Ingrid Knutsen.
Standard Marine Tønsberg AS , owned by ExxonMobil Exploration and Production Norway AS, will enter into a time-charter contract for the shuttle tanker for a maximum 15-year period from the end of 2013, the first long-term charter contract between KNOT and an ExxonMobil company. The vessel will be used to transport North Sea crude oil ashore.
A shuttle tanker, often called a “floating pipeline,” loads crude oil from floating production, storage, and offloading (FPSO) units in deepwater fields, and then transports the oil to crude-oil storage units or petroleum storage stations on land.
[mappress] September 27, 2013