#Japan #Tokyo #TotalEnergies #Shell #SeaLoader 1

SeaLoading and Shell Join Forces in Innovative CTV Agreement

In a significant development in the logistics of oil transfer, SeaLoading Holding AS, a subsidiary of Mitsui O.S.K. Lines, and Shell Brasil Petróleo Ltda have officially entered into a tripartite agreement with TotalEnergies EP Brasil Ltda. This partnership facilitates the usage of the Cargo Transfer Vessel (CTV) named 'SeaLoader 1' for Shell's operations in Brazil, allowing Shell to utilize this cutting-edge vessel for their cargo loading.

The SeaLoader 1 operates primarily in the Santos Basin off the coast of Brazil, tasked with transferring crude oil produced by an FPSO (Floating Production Storage and Offloading) unit to tankers. Although TotalEnergies retains priority usage rights to the CTV, the new agreement enables Shell to deploy the vessel for its own shipping needs, thus expanding the operational possibilities for this innovative technology.

This agreement represents a pivotal moment for the broader adoption of CTV technology in Brazil, as it marks Shell's entry into CTV services alongside TotalEnergies, a company that was the first to deploy this technology globally. Since its inception, SeaLoader 1 has already recorded over 130 cargo handling operations, demonstrating its efficiency and reliability in crude oil transfer.

Environmental and Economic Benefits of CTV

SeaLoading's commitment to further promote CTV technology stems from its significant advantages over traditional shuttle tankers. The CTV system is designed to minimize CO2 emissions and drastically reduce operational costs during crude oil transfer. By establishing stronger collaborations with major oil companies, SeaLoading aims to optimize the entire supply chain, from oil production and storage to shipping, thereby enhancing efficiency and reducing environmental impact.

The signing of this new agreement emphasizes the importance of innovative approaches in the oil and gas sector, especially as the industry faces increasing pressures to improve sustainability. The collaboration between SeaLoading, TotalEnergies, and Shell not only advances their business objectives but also serves a broader purpose in promoting cleaner methods of oil logistics.

SeaLoading's Background and Future Plans

Founded in 2014 and headquartered in Arendal, Norway, SeaLoading specializes in the operation of two CTVs, including the SeaLoader 1. In 2022, the continuation of their strategy saw SeaLoading acquire full ownership, following their entry into the CTV sector in 2019. Moving forward, the company plans to leverage their patented CTV technology to further enhance their operations and expand their fleet, contributing significantly to the evolution of oil logistics.

The global landscape of crude oil transportation is rapidly changing with the introduction of CTV technology, and agreements like the one between SeaLoading, TotalEnergies, and Shell are at the forefront of this transformation. As these companies work together to implement efficient, environmentally friendly solutions, the oil industry may experience a much-needed shift toward sustainability in its operational practices.