KNOT Holds Naming Ceremony for New Shuttle Tanker

On September 25, Knutsen NYK Offshore Tankers AS , of which NYK has a 50% share, held a naming ceremony for a new shuttle tanker that is being built at Hyundai Heavy Industries.

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.

The NYK Group will continue its efforts to provide stable and economical energy-transport services.

NYK, September 27, 2013