Marinvest navigates Arctic

Swedish shipping company Marinvest has successfully sent two of its LR1 tankers through the Northern Sea Route Passage, saving its charterer time and money.  According to Marinvest, the savings compared to a voyage through Suez were 18 days and 580 tons of bunker fuel.

“We are proud and glad to participate in the opening of a very interesting and promising new ICE Class route," said Marinvest CEO Lars Mossberg
Marinvest has six LR1 Ice Class 1A, DNV classed, delivered from the Brodosplit shipyard in Croatia. The vessels are winterized and extensively prepared for cold climate operations with experienced crews. The six sister vessels together have ice experience from trading in ice in China, Arctic Canada and St Lawrence area, Baltic Sea, White Sea and Northern Sea Route. Five of the six vessels trade in the Straits Pool based in Singapore together with a sixth ice class ship newly purchased by Oldendorff Overseas Operations.
Straits Tankers Pool is the commercial home for these vessels. The pool consists of 33 LR1 vessels with two new buildings to come, including six ice classed units.
Straits Tankers Pte, is 50/50 pct owned by MOL and Hafnia Management A/S, and is operating out of Singapore and Denmark, handling the commercial management of the pool. 

"The pool manager is proud to also be able to present this NSR solution to the market, emphasizing though, that both the season and the available vessels are limited," says Anders Engholm, CEO of Hafnia.

Northern Sea Passage