Shipping

For more than a century, BP Shipping has transported oil and gas products across the world’s oceans. It is BP’s oldest continuously operating business unit, with a history that dates to 1915, when the British Tanker Company began carrying products from Persia.

Today, BP Shipping brings the company’s oil and gas cargoes to market while providing technical and maritime expertise for its business activities.

In 2016, BP Shipping completed about 1,140 voyages to or from U.S. ports and moved over 42 million tons of cargo, which is enough cargo to fill more than 15,000 Olympicsized swimming pools. The business relies on a combination of company-operated, time-chartered and spot-chartered vessels.

BP delivered 13 new oil tankers into its fleet in 2016, and it expects to deliver another 13 in 2017. The new vessels feature propulsion technology and hull forms designed to increase fuel efficiency and reduce carbon emissions, which will help make BP’s operations more sustainable. 

The company also is building six new, state-of-the-art liquefied natural gas (LNG) tankers to support its expanding global LNG portfolio, including its long-term contract with the Freeport LNG terminal project in Texas.

The new vessels will join the BP-operated fleet in 2018 and 2019. Equipped with next-generation engine technology, BP’s new LNG tankers will be about 25 percent more fuelefficient than their predecessors, and their advanced hull designs will make them faster and easier to maneuver.

“These vessels will significantly increase BP’s ability to safely transport clean-burning natural gas anywhere in the world,” says BP Shipping Americas President Lambros Klaoudatos. “They will be among the most fuel-efficient and technically advanced LNG tankers ever built.”

BP also owns a 25 percent stake in the Alaska Tanker Company (ATC), which it helped create in 1999 to consolidate all of its Alaskan crude oil shipping requirements into one operating company. ATC’s four tankers deliver crude oil from the Valdez Marine Terminal in southeast Alaska to facilities on the West Coast and in Hawaii.

BP Shipping works hard to monitor the safety, not only of its own vessels, but also of third-party vessels moving BP cargoes.

For example, it runs a ship-vetting and port/terminal inspection program in which BP teams rigorously assess vessels based on a range of criteria, including management, operational, crewing and structural standards.

In 2017, the Chamber of Shipping of America (CSA) recognized the crews of 27 BP vessels for their excellent safety performance and honored them with CSA’s prestigious Jones F. Devlin Award. To receive the award, a merchant marine vessel must operate for at least two years without a crew member losing a full turn at watch due to an occupational injury.