$11-Million Contract For IGS Retrofits Signed By Esso Tankers

Esso has decided to install inertgas systems in a number of its large crude oil carriers. Based on competitive bids from Norwegian shipyards, Esso Tankers Inc. — a subsidiary of Exxon Corporation in New York — has signed a contract for such equipment to be installed aboard crude oil tankers by the Moss Rosenberg Shipyard in Moss, Norway.

The order is for a total of approximately $11 million (55 million NOK). This amount includes the manufacturing of the equipment as well as supervision of the installation. This comprehensive work will be started this year and is expected to be completed on the 12th ship by July 1983.

Together with a previous contract for two inert-gas systems from other Exxon affiliates, total IGS orders from Esso to Moss Rosenberg will be about $12 million (60 million NOK).

The latest contract also includes a separate deal between Esso and Moss Rosenberg to develop a similar inert-gas system for possible installation aboard clean product tankers owned by the Esso organization.

Negotiations leading to this award were conducted in the United States by Exxon International Company's Tanker Department located in Florham Park, N.J., and Kvaerner-Moss, Inc., New York City.

Maritime Reporter Magazine, page 34,  Jul 1980

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.