Fleet and terminals
Neste Oil’s tanker fleet and terminals guarantee the feedstock supplies the company needs and for providing customers with quality, safe, and cost-efficient product deliveries. Over 91% of the feedstocks used at Neste Oil’s refineries were supplied by sea, 7% by rail, and the rest mainly by road in 2011. 70% of products to domestic customers were shipped by sea, 19% by road, and the rest by rail and pipeline. 91% of exports were shipped by sea and the rest in tanks.
The 22 ships in the Neste Oil fleet transported over 28 million tons of crude and petroleum products in 2011. Although the year was a challenging one on the freight market, the fleet’s capacity utilization remained high, at 95% (94%). The harsher-than-normal ice conditions during the winter improved the profitability of marine shipments, although higher bunker costs resulted in additional costs for the company’s shipping business. Work continued throughout the year on the operational efficiency enhancement program launched in 2010.
The volume of raw material and product cargoes carried by external charterers increased significantly during 2011 following the rise in renewable diesel production generated by the Singapore refinery, commissioned at the end of 2010, and the Rotterdam refinery, commissioned in fall 2011.
Neste Oil achieved a major milestone in the late summer when two of its tankers successfully traversed the Northeast Passage from Murmansk to the Far East. Only a couple of other tankers sailed this challenging route during 2011. Neste Oil’s extensive shipping expertise and decades of experience in navigating in ice-bound waters, together with one of the world’s largest fleets of ice-strengthened vessels, give the company a valuable advantage along a route such as this. Read more about Neste Oil's tankers at the Northeast Passage in the Sustainability section of the Annual Report.
In addition to terminals at the Porvoo and Naantali refineries, Neste Oil has 10 coastal terminals in Finland and one terminal each in Estonia, Latvia, and St. Petersburg in Russia. The excellent logistics of these terminals reduce the distances that customers’ tanker trucks have to travel and benefits the environment in terms of lower emissions.
Neste Oil achieved a major milestone in the late summer 2011 when two of its tankers successfully traversed the Northeast Passage from Murmansk to the Far East.