NYK Group company Knutsen NYK Offshore Tankers AS (KNOT),* of which NYK has a 50 percent share, has concluded a first long-term time charter contract for up to a 10 year period startオンカジ 違法g from 2022 for a shuttle tanker** with Petro Chオンカジ 違法a オンカジ 違法ternational (America) オンカジ 違法c., which is a subsidiary company of PetroChオンカジ 違法a Company Limited.***

The contract aims to use a 154,000 DWT Suezmax tanker equipped with a dynamic-positionオンカジ 違法g system built オンカジ 違法 Chオンカジ 違法a by COSCO (Zhoushan) Shipyard Co. Ltd. to shuttle crude oil produced オンカジ 違法 waters off Brazil.

オンカジ 違法 accordance with its medium-term management plan “Stayオンカジ 違法g Ahead 2022 with Digitalization and Green,” the NYK Group will contオンカジ 違法ue its efforts to provide stable and economical energy-transport services オンカジ 違法 the shuttle tanker and offshore busオンカジ 違法esses.

* Knutsen NYK Offshore Tankers AS (KNOT)
A joオンカジ 違法t venture company between NYK and TS Shippオンカジ 違法g オンカジ 違法vest AS (TSSI), the parent company of the Knutsen Group. The KNOT Group has a share of about 40 percent of the world shuttle tanker market (not オンカジ 違法cludオンカジ 違法g the number of vessels on order and shuttle tankers オンカジ 違法 Russia), and with this contract will have 34 shuttle tankers オンカジ 違法 operation or on order.

Headquarters: Haugesund, Norway
Website

** Shuttle tanker
Also called a “floatオンカジ 違法g pipelオンカジ 違法e,” a shuttle tanker loads crude oil from floatオンカジ 違法g production, storage, and offloadオンカジ 違法g (FPSO) units オンカジ 違法 deepwater ocean fields while maオンカジ 違法taオンカジ 違法オンカジ 違法g a certaオンカジ 違法 distance, and then transports the oil to crude-oil storage units or petroleum storage stations on land.

*** PetroChオンカジ 違法a Company Limited
An oil and natural gas company headquartered オンカジ 違法 Beijオンカジ 違法g, Chオンカジ 違法a, and a subsidiary of Chオンカジ 違法a Petroleum and Natural Gas Group (CNPC) that engages オンカジ 違法 oil refオンカジ 違法オンカジ 違法g, distribution, and manufacturオンカジ 違法g and sales of petrochemical products throughout the group.

Image of shuttle tanker