Statoil renews contracts

Jan 30, 1997 01:00 AM

Australian BHP Petroleum has renewed a contract of affreightment with Statoil Shipping and Maritime Technology (SMT) for six months plus an option for a further six months. Each month, Statoil will ship between one and four BHP oil cargoes, each of about 580,000 barrels, from Liverpool Bay in the UK to ports in Northwest Europe. Charters for Almanama and Umm Said, owned by Arab Maritime Petroleum Transport, have also been renewed by SMT for 12 months while Statoil has renewed its charter of product tanker Navix Erica for 12 months to spring 1998 with options for further extensions. The vessel, operated by Tokyo's Navix Line, has been chartered by Statoil since it was delivered in 1992 for carrying condensate from Karsto to northern continental Europe.

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