General – CTV Contract
Mitsui O.S.K. Lines announced that its wholly owned subsidiary, SeaLoading Holding, which owns and operates cargo transfer vessels (CTVs), has signed a charter contract for the CTV SeaLoader 2 with Petrobras.
The two companies have also decided to enter into negotiations for a new CTV shipbuilding contract by the end of 2024.
SeaLoading started a CTV agreement with Petrobras for SeaLoader 2 on a trial period in January 2022, and 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.
Currently, there are only 2 two CTVs in the world, all owned by SeaLoading, which holds the patent for the CTV technology.
