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THE DECADE-LONG COLLABORATION CONTINUES TOWARDS MORE SUSTAINABLE SHIPPING BETWEEN NEOT AND TERNTANK

The long-term cooperation and a joint journey to develop the energy-efficient and low-emission supply chain of clean petroleum and bio products started already in 2013. North European Oil Trade (NEOT) has currently six of Terntank’s vessels in service. During the past ten years companies have together piloted the first liquefied natural gas (LNG) and liquefied biogas (LBG) powered tankers in operation. NEOT was the first Finnish company to use fossil-free LBG in shipping in 2018. The pioneering of new innovative technologies continued with the hybrid battery system and on-shore power connection as the first tankers in the world in 2020. This Hybrid Solution® enables zero emission approach and minimises harmful pollution in ports located in urban areas. Terntank and NEOT have continuously developed Just-In-Time arrival of vessels to optimise their speed during the voyage to ensure the availability of berth when arriving a port.

Terntank has ordered new wind and methanol powered 15,000 dwt hybrid tankers with 14 cargo tank segregation in November 2022. NEOT will have the first of these newbuildings for the time charter. The vessel will be delivered in March 2025. The major steps towards more sustainable shipping will be taken with the new time-chartered vessel. In addition to the Hybrid Solution®, the vessel will be prepared for foldable sails for wind-assisted propulsion and dual-fuel engine, enabling the use of green methanol in the future. Green methanol is a low-carbon fuel made from either biomass or renewable electricity and captured carbon dioxide.

The Finnish energy service company Wega has supported the ten-year cooperation and innovated the future shipping together with Terntank and NEOT. Wega facilitated the charter agreement between the companies.

For NEOT it is extremely important to reduce the carbon footprint of our supply chain, and this has been possible with Terntank with whom we have together been front runners in achieving less emission causing cargo transportation by sea. We are very proud to work together with Terntank as our shipping partner and are highly impressed by the pioneering spirit of the company and how they safely operate the vessels. Also, thank you to the professional crew, who never hesitate to go the extra mile if needed. We are looking forward to a bright future and cooperation for many years to come.
– Marc Scheller, Director of shipping and operations, NEOT.

The long and valuable relationship with NEOT, the company that has ambitious sustainability goals, enables us to continuously develop our vessels and to pilot new innovative environmental technologies onboard. Environment is important for us, and we want to leave it to future generations and set the bar high for next generation tankers
– Tryggve Möller, Owner, Terntank.

For further information:
Marc Scheller, North European Oil Trade Oy, +358 50 388 3913
John Sten, Terntank Rederi A/S, +46 702 65 15 18

NEOT in brief
NEOT Group specialises in oil, renewable and feedstock products trading and wholesale in the Nordic countries. We supply annually roughly 6 billion liters of fuels to large service station chains St1, ABC and Shell. In addition, we supply significant fuel amounts to be used in seagoing vessels and in the aviation industry. NEOT is owned by two Finnish companies, SOK and St1 Nordic Oy.

Terntank in brief
Terntank is a leading tanker operator in the North Sea and Baltic Sea regions with ten ice-strengthened vessels. Terntank offers the best choice and long-term value for responsible customers to minimise environmental impacts of their energy supply chains. Maritime safety, emission reductions, the protection of the sensitive marine environment and the well-being of the crew have always been the top priorities of the company. The company carries proudly its role as a forerunner in deploying new innovative technologies towards carbon-neutral shipping. Terntank is a family-owned shipowner having its roots deep in the Swedish archipelago, in the island of Donsö.

Pressrelese in PDF Press release_Terntank and NEOT

SAIL INTO THE FUTURE

We have ordered three new dual fuel methanol/biofuel-ready chemical/product/biofuels tankers on 15,000 dwt. Equipped with the Hybrid Solution® and wind assist readiness from China Merchants Jinling Shipyard, Yangzho. Designed by Kongsberg with delivery during spring 2025.

With these methanol and wind assistance-ready vessels, we take a big step forward in our journey as the forerunner in environmentally efficient and safe shipping. – Tryggve Möller

The vessels will be developed from the experience of the previous six AVIC SERIES vessels with additional innovative improvements to reduce environmental impacts. In addition to the 40 percent of CO2 reductions, we made on previous vessels the wind assistance will further reduce the emissions by 8 percent, and with methanol’s low-carbon and potential in decarbonization, we accelerate our pathway to net zero. The efficient design results in an EEDI between 16-40% below the 2025 Phase 3 requirements.

The new vessels will significantly reduce the carbon footprint and environmental impacts in the supply chain with methanol-powered engines, wind-assisted propulsion, hybrid battery system, and on-shore power. These next-generation product tankers will give a strong lead in reaching the greenhouse gas reduction goals of the International Maritime Organization.

The vessels are built with 14 segerations and are tailor made to optimally be able to transport bio feedstocks to our customer’s refineries and load the finished goods to our customers' depots.

The new builds are capable to operate on the new advanced fuels such as green methanol and e-methanol with their low GWP global warming potential in a well-to-wake perspective, which is up to 98% lower than conventional fuels, plays an important role to meet our net zero emission goal 2040.

From left to right : Claes Möller, Tryggve Möller, Rigmor Möller, Annika Kristensson, Jens P. Buchhave, and John Sten

The latest vessels equipped with our Hybrid Solution® (Tern Island & Tern Fors) have been in operation for a year and been proving that the battery pack and shore-power connection technology works and plays a vital role to minimize pollution near populated areas such as ports, and we believe that the installation of wind-assisted propulsion systems is one of the most promising contributory measures to reducing actual fuel consumption from shipping.

According to the new builds program, the vessel design follows strict standards to utilize the best possible working environment for the crew working on board, making the vessels a prime example of a long-term sustainable working place.

We are very grateful to have such good cooperation with our customers, which enables us to continuously develop and improve these already state-of-art vessels, and align us with our net zero emission target 2040. - Owners: Tryggve Möller – Rigmor Möller – Annika Kristensson – John Sten Find pressrelese here! 1. Pressrelese

THE JOURNEY TOWARD FOSSIL-FREE OPERATIONS CONTINUES

Terntank orders two plus two new MGO/Biofuel & methanol-ready chemical/product/biofuels tankers on 15,000 dwt with the Hybrid Solution® and wind assist readiness from China Merchants Jinling Shipyard, Yangzhou. The new builds are designed by Kongsberg and going to be delivered in spring 2025.

With these methanol and wind assistance-ready vessels, we take a big step forward in our journey as the forerunner in environmentally efficient and safe shipping. – Tryggve Möller

The vessels will be developed from the experience of the previous six AVIC SERIES vessels with additional innovative improvements to reduce environmental impacts. In addition to the 40 percent of CO2 reductions, we made on previous vessels the wind assistance will further reduce the emissions by 8 percent, and with methanol’s low-carbon and potential in decarbonization, we accelerate our pathway to net zero. The efficient design results in an EEDI between 16-40% below the 2025 Phase 3 requirements.

The new vessels will significantly reduce the carbon footprint and environmental impacts in the supply chain with methanol-powered engines, wind-assisted propulsion, hybrid battery system, and on-shore power. These next-generation product tankers will give a strong lead in reaching the greenhouse gas reduction goals of the International Maritime Organization.

The vessels are built with 14 segerations and are tailor made to optimally be able to transport bio feedstocks to our customer’s refineries and load the finished goods to our customers' depots.

The new builds are capable to operate on the new advanced fuels such as green methanol and e-methanol with their low GWP global warming potential in a well-to-wake perspective, which is up to 98% lower than conventional fuels, plays an important role to meet our net zero emission goal 2040.

From left to right : Claes Möller, Tryggve Möller, Rigmor Möller, Annika Kristensson, Jens P. Buchhave, and John Sten

The latest vessels equipped with our Hybrid Solution® (Tern Island & Tern Fors) have been in operation for a year and been proving that the battery pack and shore-power connection technology works and plays a vital role to minimize pollution near populated areas such as ports, and we believe that the installation of wind-assisted propulsion systems is one of the most promising contributory measures to reducing actual fuel consumption from shipping.

According to the new builds program, the vessel design follows strict standards to utilize the best possible working environment for the crew working on board, making the vessels a prime example of a long-term sustainable working place.

We are very grateful to have such good cooperation with our customers, which enables us to continuously develop and improve these already state-of-art vessels, and align us with our net zero emission target 2040. - Owners: Tryggve Möller – Rigmor Möller – Annika Kristensson – John Sten

Find pressrelese here! 1. Pressrelese

Hereby we are pleased to announce that Anders Viiala has joined Terntank on the 3rd of October. Anders will be a part of the Technical department as a Technical superintendent. Anders holds a Marine Engineering Degree from Chalmers University of Technology and has been working at sea for 12 years as an engineer in various ranks. Since 2018 Anders has been sailing as a Chief Engineer. I’m thrilled to join Terntank which is a frontrunner and a pioneer within the tanker industry. Their work towards a more sustainable, safe and efficient tanker fleet inspires me and it’s an honor to join them on this journey.

Hereby we are pleased to announce that Linus Edberg has joined Terntank on the 1st of June, he will be a part of the Terntank Chartering department. Linus, who is a Master Mariner, comes recently from a position as a Senior Marine Manager. “It is with excitement and humility that I join Terntank, a shipping company that is a pioneer in sustainable shipping and safe tanker operation.”

PDF: Invitation Namingceremony day

We are proud to announce that our onboard employees and colleagues were awarded at a ceremony held by Swedish Foundation "Stiftelsen Sveriges Sjömanshus", who annually award seafarers for new inventions. The Swedish Seamen's Foundation is celebrating its 50th anniversary this year. The day ceremony was held at Hotell Hasselbacken in Stockholm, and offered many interesting presentations and inventive examples of improved safety, working environment and well-being for seafarers. Terntank has historically received prizes but this year the company "stuck out" when we received 6 prizes. We like to congratulate the all the award winners: Arkadiusz Chojnowsk, Jonas Sandell, Elias Möller, Kenth Möller, Jan Saldh, Magnus Rönn & Boyet Paldo. Read more about the inventions among others here. See the whole reward ceremony here. Award winners Arkadiusz Chojnowsk, M/T Ternholm Jonas Sandell, M/T Ternsund Elias Möller & Kenth Möller, M/T Ternholm, Jan Saldh, M/T Tern Sea Magnus Rönn, M/T Ternsund Boyet Paldo, M/T Ternholm

Terntank takes proactive operation to another league by its delivery of a greener tanker installed with enhanced digital solutions

Leading Swedish tanker operator Terntank takes delivery of TERN FORS on Friday, 25th of February, 2022. TERN FORS is the second tanker of a series of two that combine LBG/LNG engine-powered engines, are 100% biofuel compatible, emit no greenhouse gases or carbon particulates during port operations and facilitate enhanced digital solution for optimized operations.

We are thrilled to announce that TERN FORS has been delivered today from China Merchants Jinling Shipyard, Yangzhou, Dingheng Co Ltd to Terntank Rederi AS.

Designed by Terntank and Kongsberg Maritime CM AS, TERN FORS is the second of a series of two 15000 DWT chemical and product tankers. The vessel, has been uniquely designed with the Hybrid Solution® combining dual-fuel powered engine that uses LBG (liquefied biogas) or LNG (liquefied natural gas), which means that it is able to operate on completely fossil-free fuel.

Additionally, TERN FORS has been installed with Kongsberg’s digital solution vessel insight. The digital solution installed upon the vessel optimizes voyages, achieved by constantly adjusting the vessel’s speed to meet its’ agreed time of arrival and utilizing slow streaming, which allows the vessel to send a virtual NOR, moving directly into port, instead of dropping anchor and waiting to berth. This also ensures compliance with the BIMCO clause on slow steaming and tracks real-time savings.

This digital solution offers enhanced their “Just-In-Time” management, which is continuously developed, providing vessel-to-cloud data infrastructure capturing and aggregating quality data in respect to the vessel’s overall operation. The data gathered ranges from engine and piston performance, hull build up, to even contact with ice. This data is then utilized to allow efficient and proactive maintenance, evidently leading to reduced emissions, placing Terntank’ s green operations in another league.

Furthermore TERN FORS as sister vessel TERN ISLAND, is 100% biofuel compatible. The main engine, boiler and auxiliary engine are designed to reduce the environmental impact and perform safe operations running on biofuels. By combining the optimized hull and rudder design with dual fuel capability, when utilising 30% biogas, in comparison to a same sized conventional vessel, TERN FORS reduces emission by: -70% of CO2 and almost eliminated the emissions of sulphur oxide (-99%), of particle emission, (-99%) and nitrogen oxide (-97%).

Claes Möller, Chief Executive Officer of Tärntank Ship Management notes that:
“The delivery of TERN ISLAND and TERN FORS mark our ongoing journey to evolve and learn, in respect of continuously developing sustainable shipping across all range of our operations. The innovative ship design of TERN FORS and TERN ISLAND, unites technical and digital solutions that optimize voyages, achieves a drastic decrease in emissions and most significantly assists our crew onboard in daily operations.

We are passionate and our philosophy is that it should be easy to do the right thing, especially for our crew which are the core of our business. To make this a reality, it takes a lot of hard work behind the scenes and the enhanced insights which the digital solutions provide, help us to further achieve this.”

TERN FORS and TERN ISLAND not only drastically lower emissions via fuel consumption and digital solutions and have the ability to eliminate the use of fossil fuel during port operations with their HYBRID SOLUTION®, the delivery of the vessels is also a clear signal of Terntanks ambition to be a forerunner in the sector and an indication of the important role of digital solutions in shaping the new green era in shipping.

TERN FORS has a cargo capacity of 16500 cubic meters in 14 epoxy coated tanks, will be commercially operated by the Finnish North European Oil Trade (NEOT) in the Baltic Sea area and will be included in a pool along with other vessels from Terntank. The vessel which has been delivered before contract date due to the skilful efforts of everyone involved, will now proceed to Europe fully loaded with bio products.