Mitsui OSK Traces Ltd. (MOL) has signed a constitution settlement with Petroleo Brasileiro SA (Petrobras) for the cargo switch vessel (CTV) SeaLoader 2, which has already been on trial with the Brazilian state-owned oil firm since January 2022.
The brand new constitution deal, in keeping with a media launch by MOL, was signed by its unit SeaLoading Holding AS, which owns and operates CTVs.
Along with the constitution settlement, MOL and Petrobras have agreed to barter a brand new CTV shipbuilding contract by the tip of 2024.
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MOL stated that in the course of the trial interval, SeaLoader 2 had already accomplished greater than 30 crude oil offloading operations from Petrobras’ floating manufacturing, storage and offloading methods (FPSOs) situated within the Santos Basin, Brazil, transferring the cargo to tankers. The trials concerned vessels as much as VLCC dimension.
MOL stated that the CTV considerably will increase the effectivity of crude oil logistics. The crude oil produced from offshore fields by an FPSO often requires crude oil tankers for transport to the demand space.
“Within the case of CTV, the crude oil may be immediately loaded from the FPSO to the crude oil tanker by connecting a CTV between an FPSO and the crude oil tanker. This dramatically will increase the effectivity of crude oil logistics,” MOL stated in its media launch.
Presently, there are solely two CTVs on the planet, each owned by SeaLoading, MOL stated.
“Using CTVs may also allow a major discount in CO2 emissions in comparison with the switch of crude oil by DP shuttle tankers. Particularly, CTVs are anticipated to attain a 60 p.c discount in CO2 emissions off the Brazilian coast in comparison with utilizing a DP shuttle tanker for offloading within the Santos basin, Brazil and about 80 p.c when it’s used off the coast of Uruguay,” MOL stated.
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