OSM Maritime Group Lands Neste Oil Deal
Norway - based OSM Maritime Group has agreed to take over Neste Shipping Fleet Management. The Neste Oil owned ship management company will now be an integrated part of OSM Maritime Group under the name of OSM Ship Management Finland.

PRESS RELEASE

 

OSM Maritime Group Lands Neste Oil Deal

 

Norway - based OSM Maritime Group has agreed to take over Neste Shipping Fleet Management. The Neste Oil owned ship management company will now be an integrated part of OSM Maritime Group under the name of OSM Ship Management Finland.

 

The deal falls into OSM Maritime Group’s overall strategy of strengthening their position as a leading provider of tanker management services. OSM Finland will retain the land based staff of Neste Shipping on current terms and conditions and will welcome the approx.300 seafarers who will join OSM Maritime Group’s total of nearly 10 000 employees. The Neste Oil fleet contains tankers and tugs and have specialized Double acting tankers Mastera and Tempera among them. The crew and technical management of  11 vessels included in the deal will all be operated from Finland.

 

The award of the Neste Shipping contract is seen as an acknowledgement of OSM Maritime Group’s capabilities as a tanker and offshore manager and falls in line with several other important recent OSM contracts like management of Statoil’s Heidrun FSU, Ellingsen JV, and management of Shuttle tankers on the Goliat field for AET and Statoil.

 

–It is important to us to be recognized by Neste Oil as the preferred partner for Ship Management. Neste Oil has long been a serious and committed player in the field and we now look forward to build on their expertise in order to further build up a supplier of premium maritime services in Helsinki, says Geir Sekkesæter, CEO of OSM Maritime Group.

(20.02.2014)
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OSM in brief

The OSM Maritime Group is a provider of high-quality offshore and ship management services with operations worldwide. Today, the OSM Maritime Group has a fleet of more than 430 vessels under its management, and operates from 26 offices around the world. The company employs more than 10,000 employees from around 30 nations. www.osm.no/en

 

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world's leading supplier of renewable diesel. Neste Oil had net sales of EUR 17.5 billion in 2013 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.

 

Neste Oil is included in the Dow Jones Sustainability World Index and the Ethibel Pioneer Investment Register, and has featured in The Global 100 list of the world's most sustainable corporations for many years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: www.nesteoil.com