Third new major contract for Brunvoll!

Jul 16 2020


In a short time, and despite an ongoing pandemic, Brunvoll has secured a third major contract for the delivery of thruster systems to so-called DP2 Shuttle Tankers, which will operate, among other things, using Dynamic Positioning (DP).

Long-term investment has given Brunvoll a dominant role as the preferred supplier to this segment worldwide.

 

Samsung Heavy Industries in South Korea has ordered thruster systems for the construction of another three DP2 Shuttle Tankers for a leading sea transport supplier to the international oil industry.

 

We have experienced a boom in the construction of DP2 Shuttle Tankers over the past two years, and Brunvoll has secured deliveries to 21 vessels in the same category during this period. Our deliveries extend to the end of 2021 with these orders that secure Brunvoll’s continued production stability and further market visibility.  

 

Brunvoll's presence in the market has been a trigger for our success at the construction sites in the Far East. We provide extended technical support to shipyards and shipping companies in the planning and construction phase, as well as the operational phase of the vessels whether they are in Brazilian- or here in the North Atlantic waters. Brunvoll put great emphasis on having our own, highly skilled staff present in South Korea during the pandemic period the first half of 2020, and this gave us even greater confidence in both shipping companies and shipyards.

 

We have always been committed to following the authorities' advice and taking care of our employees, both locally and during assignments. After careful considerations, we have sent a few service technicians on assignment in South Korea for up to three months, which is the maximum stay for tourist visas. Our employees have been followed up closely by our local representatives, who are also important partners in the trust relationship with our customers.

 

It has been a very challenging time for the whole world so far in 2020. The ongoing pandemic, has been a tough experience, also for Brunvoll. However, despite massive restrictions, we have experienced the best half of the year with order intake at New Sales ever since 2012. Our unique position as the preferred partner in the Shuttle Tanker segment has once again been rewarded in the form of large contracts. This makes us confident that we deliver what the customers expect, and that we can be a solid player in this market for a long time to come.

 

We want to thank our customers and partners for this trust, but of course also our employees and agents who once again make us "Trusted World Wide", says Kåre Øyvind Vassdal, CEO of Brunvoll Group.

 

The three new Shuttle Tankers SHI shall deliver are each at 153,000 dWt and have a length of 279 meters.

 

During loading and unloading the vessels are operated using Dynamic Positioning (DP), and the positioning is ensured by two tunnel thrusters and three retractable azimuth thrusters in total 13,500 kW (18,360 HP) from Brunvoll.

 

This is another very valuable contract that adds to several other deliveries to the same ship segment in the last six months. The fact that this and other shipping companies prefer Brunvoll  affirms our position as a serious and quality-conscious partner for leading players with operations in both the North Atlantic and Brazilian waters, says Per Olav Løkseth, Executive Vice President Sales & Marketing  at the Brunvoll group in a comment.

 

We are confident that our system solutions for both propulsion and maneuvering are optimised for the next generation DP2 Shuttle Tankers, all built to stringent environmental requirements. We focus on sustainability in the manufacture of our products, resulting in lower energy consumption and lower emissions for the operator of these vessels. Sustainability is also important for shipping companies and operators. Brunvoll's products provide good predictability through their unmatched quality and thus low lifetime costs, which is highly valued. We aim to make our client’s systems last.

 

We would also like to emphasize that it is the long-term strategy and targeted work across the organization that has, over time, helped to build our position as a preferred partner in the Shuttle Tanker segment. The fact that several shipyards and shipping companies repeatedly order new vessels with our propulsion and thruster systems confirms that Brunvoll's products deliver expected results and quality, concludes Løkseth.

 



Related News

Ardmore Shipping Corporation announces financial results for the three and six months ended June 30

(Jul 30 2020)

Ardmore Shipping Corporation ("Ardmore", the "Company" or "we") announced results for the three and six months ended June 30, 2020.



Team Tankers International Ltd.: Application for delisting submitted to the Oslo Stock Exchange

(Jul 16 2020)

In accordance with the results of the Special General Meeting (the "SGM"), the Company has submitted an application for delisting to the Oslo Stock Exchange (the "OSE").



Team Tankers International Ltd.: Application for delisting submitted to the Oslo Stock Exchange

(Jul 16 2020)

In accordance with the results of the Special General Meeting (the "SGM"), the Company has submitted an application for delisting to the Oslo Stock Exchange (the "OSE").



Scorpio Tankers Inc. announces purchase of common shares by Scorpio Services Holding Limited

(Jul 16 2020)

Scorpio Tankers Inc. (“Scorpio Tankers,” or the “Company”) announced that Scorpio Services Holdings Limited (“SSH”), a related party, has purchased 100,000 common shares of the Company in the open market at an average price of $12.83 per share.



Dentons advises syndicate of banks on US$166 million lease financing of six vessels for Tristar

(Jul 16 2020)

Dentons Abu Dhabi and Dentons London have advised a syndicate of banks (comprised of Senior Facility Agent & Security Trustee – National Australia Bank; Mandated Lead Arrangers, Joint Bookrunners, Senior Lenders and Hedging Banks – National Australia...



June 2020

low carbon strategy - digital tanker market models - battery explosions - better catering onboard - challenges of ballast installations