the oil group Finnish Neste dismetterà Oil the activity of marine transport



Group oil Neste Oil Corporation, that it is controlled by the Finnish State that possesses 50.1% of the capital stock, has announced the intention of dismettere the activities of marine transport realized through the society integrally controlled Neste Shipping Oy. In fact the cession of the entire fleet and the confidence to third party of the relative activities of ship management let alone of about the 320 dependent used in this field (of which 300 boarded ones and 20 employees to earth is decided), while the activities of chartering will be maintained and integrated in the organization of Neste Oil.

"The requirements of marine transport of Neste Oil - it has explained the president and managing director of the Finnish group, Matti Lievonen - are changed during the last few years. The cargo quota of the group transported from the ships of Neste Shipping that fly Finnish flag remarkablly is diminished. Because of the elevated level of the costs Neste Shipping has not been able to compete with success on the international market of the shipping. Moreover to assure a continuity of the activity in the long term would involve meaningful investments. Therefore we are programming to exit from the business of the shipping and to emphasize our focalization on the development of our primary refined solutions of transport of".

The plan previews the cession to market price of the five oil tankers Mastera, Future, Neste, Kiisla and Suula and of the three Ukko tugs, Ahti and Esko to society of property of governmental agency Finnish National Emergency Supply Agency (NESA) and of the pension fund Ilmarinen Mutual Pension Insurance Company, that she is shareholder of the same Neste Oil. Therefore these ships, that they will maintain the flag Finnish, will be rented by the same oil group within contracts in the long term. Moreover Neste Oil previews to sell its successively three other oil tankers Moderates, Purha and Jurmo and its property of 50% in the others three oil tankers Stena Poseidon, Palva and Stena Arctica that are compartecipate by the shipowning group Swedish Stena.

"I am pleased - it has emphasized Lievonen - that we have been able to find an agreement that will maintain the ships of primary interest for the necessities of Neste Oil under Finnish property and that it will allow us to use them. These ships, with those rented by other shipowners, will satisfy our current necessities of marine transport and will guarantee our ability to continue to offer to our customers an elevated level of service. This solution will continue to assure to Finland the supplies in the field of the oil marine transport".