Mitsui O.S.K. Lines announced that its wholly owned subsidiary, SeaLoading Holding AS, which owns and operates cargo transfer vessels (CTVs), has signed a charter contract for the CTV SeaLoader 2 with Petroleo Brasileiro S.A. (Petrobras).
As explained, the two companies have also decided to enter into negotiations for a new CTV shipbuilding contract by the end of 2024, according to the company’s release.
SeaLoading started a CTV agreement with Petrobras for SeaLoader 2 on a trial period in January 2022, and successfully completed more than 30 crude oil offloading operations from Petrobras’ FPSOs located in the Santos Basin, Brazil, transferring the cargo to tankers – the trials involved vessels up to VLCC size.
After the successful conclusion of the trial agreement, proving the CTV technology efficiency and reliability, the vessel was placed on a time charter contract in 2023 with Petrobras. Now SeaLoading has signed a memorandum of understanding (MoU) with Petrobras to start the negotiations for a newbuilding CTV by the end of 2024.
As explained, the crude oil produced from offshore fields by a floating production, storage & offloading system (FPSO) is usually transported to the demand area via crude oil tankers, which, in most cases, requires DP shuttle tankers with special cargo handling equipment firstly receive the crude oil and transport it to an oil storage terminal or calm waters where it can be offloaded (or transshipped), and then reloaded onto a crude oil tanker. In the case of CTV, the crude oil can be directly loaded from the FPSO to the crude oil tanker by connecting a CTV between an FPSO and the crude oil tanker. This dramatically increases the efficiency of crude oil logistics.
The use of CTVs will also enable a significant reduction in CO2 emissions compared to the transfer of crude oil by DP shuttle tankers. Specifically, CTVs are expected to achieve a 60% reduction in CO2 emissions off the Brazilian coast compared to using a DP shuttle tanker for offloading in the Santos basin, Brazil and about 80% when it is used off the coast of Uruguay.
