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Marine Log

February 19, 2008

Desgagnés acquires newbuild in Turkey

Canada's Groupe Desgagnés has invested nearly $50 million in the acquisition, by its subsidiary Transport Desgagnés Inc., of a new vessel from the Turkish shipowners and builders Besiktas Shipping Group.

It is a double-hulled Ice Class 1 A oil and chemical tanker of 18,000 tonnes deadweight, with an overall length of 147.5 m beam of 22.4 m and a has a draft of 9.49 m.

"The ship will be delivered to us in Europe at the end of April 2008, where she will trade in international waters. She will be returning to Quebec City by the end of May, where she will undergo some refitting; she will then be renamed and receive her Canadian Flag registration, to then resume service by mid-June," noted Mr. Louis-Marie Beaulieu, the majority shareholder of Desgagnés.

This ship will be named the M/T SARAH DESGAGNÉS.

Launched just a few months ago from the Gisan Shipyard in Tuzla, Turkey, the vessel's main propulsion is by a MaK-7M43, 7,000 kW (9,385 BHP) engine, giving the ship a service speed of 15 knots. It is also equipped with a 740 kW (1,006 BHP) bow thruster.

The vessel's 14 tanks and two slop tanks, of a combined capacity of 20,617 mt at 98%, allow it to carry up to 14 different products with a loading capacity rate reaching 3,600 cu.m/h for a homogeneous product. Fitted with an inert gas system of 3,200 cu.m/h,it is equipped with 14 pumps of 380 cu.m/h, of which six can be used simultaneously to reach an unloading capacity rate of 2,280 cu.m/h.

Desgagnés, through its subsidiary Petro-Nav inc., is the only oil and chemical products marine carrier based in the province of Quebec and, with its long-term contracts with Petro-Canada, Shell and Ultramar, is one of the largest in Canada. It is Petro-Nav that will be ensuring the commercialization of the M/T Sarah Desgagnés. It will be trading mainly in the Great Lakes, the St. Lawrence Seaway, the Canadian Arctic and the East coasts of Canada and the United States.

Mr. Beaulieu noted that "this tanker was more specifically purchased as a solution to Ultramar's production increase and to its transportation requirements between Lévis and Montreal, to which it will mainly be assigned until the construction of the pipeline planned by Ultramar."

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