Neste Shipping Oy is 100%-owned by Neste Oil Corporation and support its business functions by providing flexible marine transportations of feedstocks and products. We carry approximately  27 million tons of crude oil, petroleum products, and chemicals annually, primarily in Baltic, the North Sea, and the North Atlantic.

Neste Shipping has a fleet of some 16 vessels, with a total of 625,000 dwt. All our vessels are ice-reinforced and feature a double hull.

We aim to provide safe, incident-free, and on-time deliveries in all circumstances.

Six tankers are fully owned and three 50% owned by Neste Oil, while the others are time chartered. Neste Oil uses around half its tonnage for its own need and markets the remainder on the international market on the international oil companies and trading houses.

Neste Oil to outsource its ship management functions

Neste Oil will transfer the ship management functions of Neste Shipping to Norwegian OSM Group AS during spring 2014. Neste Shipping's chartering functions will be retained and integrated to the Neste Oil organization.

Chartering contacts.

The restructuring of Neste Shipping's operations is based on Neste Oil's desire to reinforce its focus on developing its core business based on cleaner traffic solutions.
Read more about the outsourcing from our stock exchange release.

Further information from Arvo Ruotsalainen, Managing Director, Neste Shipping, tel. +358 (0)50 458 8205.