TRANSSHIPMENT

The Tschudi Group subsidiary, Tschudi Arctic Transit AS, develops and implements transport solutions for oil products to and from Russia using Kirkenes and Honningsvåg (North Cape, Northern Norway) as deep water and ice-free transit ports.

"There is an increasing demand for oil export solutions within Russia and Tschudi Arctic Transit is now in the advantageous position to offer Russian clients a wider range of competitive services."

Due to the shallow waters and ice conditions in many Russian ports, it is more economical to transship oil cargoes to conventional vessels in ice free, deep waters for further transportation. During the past years, transshipments have been carried out by Ship to Ship (STS) solutions at Sarnes Bay, near North Cape and Kirkenes.

A permanent permit for transshipment of gas condensate and clean petroleum products has been granted for Kirkenes and this has now been extended to also cover crude oil for both locations, Kirkenes and Honningsvåg.

For more information, please contact:

Ulf Hagen

Managing Director, Tschudi Arctic Transit AS

uh@tschudiarctictransit.com

Cell: +47 92 88 25 02

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