NORTHERN MARINE WELCOMES

NEW VESSELS INTO MANAGEMENT

This year Northern Marine is welcoming a number of new vessels into management with the Company now managing an equal number of gas carriers and oil tankers for the first time.

A range of diverse vessels, including innovative market-leading newbuilds, are being supported with full technical and crew management services. 

15 Vessels scheduled to join the Fleet this year include 4 dual-fuel (LPG) Very Large Gas Carriers (VLGC), 4 dual-fuel (methanol) Medium-Range tankers, a Floating Storage Unit (FSU) and 6 Handysize LPG tankers. 

Most vessels into management are with existing clients, with 2 new clients working with Northern Marine Management for the first time. 

Further additional new business has also been awarded with delivery of vessels planned for future years ahead.

Sean McCormack, Ship Management Director, said: “Following a period of relative stability in Fleet size, we are seeing an increase in new tonnage coming into management. 

“This is not unexpected as we have worked hard in recent years on new business opportunities and demonstrating our competence and expertise, particularly in Gas vessel management where we humbly consider ourselves as market leaders.

“While we wish to keep a balanced variety of vessel-type in our Fleet, it is indeed an interesting moment to have for the first time an equal split of gas carriers and oil/chemical tankers under management.”

Avance Polaris

Northern Marine has been heavily involved in several exciting and industry leading events in recent times, including the conversion of an LNG fuelled slow speed marine diesel engine to operate on ethane as a fuel, the retrofit installation of LNG Sub cooling systems onto LNG carriers, and the management of a newbuild dual-fuel VLGC equipped with an LGIP engine.

Northern Marine also had the honour of delivering an LNG dual fuel E-flexer RoPax from China to Europe for a Stena RoRo client where the vessel operated on LNG fuel for a significant portion of the delivery voyage.

Sean added: “As is the nature of ship management, the size of our Fleet is always in a state of flux with vessels coming and going depending on clients’ requirements.

“When an increased number of vessels coming into management occurs, such as now, it brings with it welcome pressures such as the requirement to crew the vessels, ensure the vessels meet our rigorous operating standards, and all the associated administration required to incorporate the operation of multi-million-dollar assets into our Fleet.

“By design, we are not a mass-volume ship manager as it is very important to us that we ensure that we protect standards of safety and quality across the Fleet and grow in a measured manner.

“It is important that the ship owner clients we support share our values and ambition to achieve more sustainable shipping.”

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