Umoe Shipping and Energy AS is the Umoe Group’s holding company in shipping. The company has ownership shares in 8 large LNG gas carriers operated by Knutsen OAS Shipping in Haugesund.
Knutsen OAS Shipping focuses on a modern fleet of specialized tankers operating under long term contracts with first class charterers combined with solid project execution skills and good service. Transportation of liquefied natural gas is a growing market that fits very well into the group’s strategy of advanced vessels on long-term contracts to first class charterers. Umoe Shipping and Energy owns between 37,5% and 50% in each of the 8 LNG ships in operation. All the vessels are on time charter contracts to oil and energy companies. 4 of the vessels are 138,000 m3 in size hand have steam turbine engines while 4 vessels are 173.400 m3 in size and have Dual fuel diesel electric propulsion. All 8 vessels have membrane type cargo containment system.
4 of the vessels, which are sister vessels of 173,400 m3 in size, were delivered in 2010 from DSME, Daewoo Shipyard in Korea. 7 out of 8 vessels are on fixed timecharter contracts of 20 years or more while one vessel has a 3 year contract.
The total turnover of the 8 vessels are in excess of 200 million USD.
More information
- Website: http://www.knutsenoas.com/