Total signs a long term contract for new Stena P-MAX tankers
Posted: 20 January 2004
Total signed a five year contract to charter the first
two Stena P-MAX tankers currently under construction
The new P-MAX (Product-Max) class of tankers are medium-sized,
short and wide-bodied with reduced draft. They have an intermediate
loading capacity of 65,000 tons, between the standard 45,000 ton
vessels and the 70 to 80,000 ton Panamax.
These tankers, specially designed for efficient and safe transportation,
are under construction in the Croatian shipyard Brodosplit in Split
for delivery in 2005 and 2006.
Mr Bertrand Thouilin, general manager of Total's Shipping Division
said: "The P-Max project reinforces Total's policy of long-term
commitment to high quality shipping owners and managers".
The new tankers, specifically engineered to reduce the risk of
accidents and oil pollution, are the result of a two year collaboration
between the technical and commercial departments of Total and Stena.
The P-Max tankers have two engine systems, double rudders and double
propellers for maximum reliability and manoeuvrability. In addition,
the navigation and bridge systems have been enhanced for better
control of the ship, particularly in heavy traffic. The bridge has
a 360-degree view and a cockpit inspired by the aircraft industry.
Enhanced structural strength and ice design, in compliance with
the most restrictive regulations of European countries, will also
allow the P-MAX tankers to follow ice-breakers in ice up to 80 cm
thick.
Mr Dan Sten Olsson, CEO of the Stena Group stated: "Our objective
of providing ever safer tanker transportation is best met by close
cooperation with the most demanding oil majors. In our group we
have had the highest focus on this project and both I and the Chairman
of Stena Maritime in France, Mr Jean-Paul Parayre have been involved".
Mr Lars Carlsson, President of Concordia Maritime (owners of the
vessels), added: "Good transportation systems which are both
economically viable and environmentally sound have been the ambition
of the Total/Stena working teams".
Total is the fourth largest oil and gas company in the world with
operations in more than 130 countries. Total's activities cover
the whole energy chain of the petroleum industry: exploration, oil
and gas production, refining and marketing, trading and power generation.
The Group is also a major player in chemicals through its chemicals
branch, Atofina. Total has 121,500 employees worldwide.
More information at www.total.com
The Stena Sphere with the three parent companies Stena AB, Stena
Sessan AB and Stena Metall AB, wholly owned by the Sten A Olsson
family, and the partly owned subsidiary, Concordia Maritime AB,
operates in ferry lines, shipping, offshore drilling, trading/recycling
of steel, metals and paper, properties and finance. Total revenue
MSEK 28,200, Employees 11,800 and profit MSEK 1,120.
Concordia Maritime is an international tanker owning company specialized
in owning and operating very safely built tankers with double propulsion
and high safety margins. Concordia owns two VLCCs of the V-MAX concept
built 2001 and have six P-MAX product tankers on order for delivery
in 2005-2006. Concordia is publicly quoted on the Stockholm stock
exchange with Stena as the majority share holder.
More information at www.concordia-maritime.se.
Posted by Richard Price,
Editor Pipeline Magazine
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