Knutsen NYK Offshore Tankers AS (headquarters: Haugesund, Norway), of which NYK has a 50 percent share, has entered into a time-charter contract with Standard Marine Tønsberg AS (SMT, headquarters: Tønsberg, Norway), owned by ExxonMobil Exploration and Production Norway AS, for 10 years plus an option for a new built dynamic positioning 112,000 DWT offshore shuttle tanker* to service SMT for their North Sea offshore fields. The vessel will be delivered to SMT in the first quarter of 2014.

The vessel will be built at Hyundai Heavy Industries in Ulsan and equipped with bow-loading equipment.** The tanker will also be a dynamic-positioning system class 2*** vessel in order to satisfy the stringent North Sea shuttle tanker requirements.

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

*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.

**Bow-loading system
A system to carry out cargo operations along the bow of a shuttle tanker without contact between the tanker and the offloading unit (mainly FPSO units) in harsh sea conditions. Such a system also allows cargo hoses to be connected or disconnected from offloading units easier than usual so that the shuttle tanker may evacuate quickly in case of an emergency.

***Dynamic-positioning system class 2
A more redundant dynamic-positioning system that duplicates all equipment and wiring so that no single fault in an active system will cause the system to fail.

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Three NYK Group Tankers Recognized in Maritime and Port Authority of Singapore's Green Ship Program

December 9, 2011 - Three Singapore-flag tankers owned by NYK Bulkship (Asia) Pte. Ltd. (NBAsia; headquarters: Singapore), an NYK Group company, have been recognized in the Maritime and Port Authority of Singapore’s (MPA) Green Ship Programme for the Energy Efficiency Design Index (EEDI)1 certification received by these vessels. NBAsia is the first Asian shipping company to receive this recognition.

The three ships — Challenge Premier, Challenge Paragon, and Challenge Polaris — were all built by Shin Kurushima Dockyard Co. Ltd. and received EEDI certification from Nippon Kaiji Kyokai (Class NK).
In July, an amendment to MARPOL Annex VI2 was adopted by the International Maritime Organization (IMO)3 mandating an EEDI for ships for which (1) the building contract is placed on or after 1 January 2013, or (2) in the absence of a building contract, the keel is laid or the ship is at a similar stage of construction on or after 1 July 2013; or (3) delivery is on or after 1 July 2015. Different standards apply to different classes of ships, and the standards will be gradually strengthened. The MPA’s Green Ship Program affords preferential treatment, including a reduction of port charges, to Singapore-flag vessels that achieve the IMO’s EEDI standard earlier than required.
The NYK Group will continue it efforts to contribute to the reduction of global greenhouse gas emissions.
1 A formula for measuring a ship’s CO2 emissions. The EEDI is calculated using characteristics of the ship at build, incorporating parameters that include ship capacity, engine power, and fuel consumption.
2 The IMO-adopted MARPOL Convention is the main international convention covering the prevention of the pollution of the marine environment by shipping, and MARPOL Annex VI includes regulations for the prevention of air pollution from ships.
3 International Maritime Organization: A United Nations’ specialized agency responsible for encouraging the cooperation between governments and formulating standards about technical issues and legal issues related to shipping and shipbuilding

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