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  • Glossary

Fleet and terminals

Neste Oil’s tanker fleet and terminals handle the company’s feedstock supplies and provide customers with quality, safe, and cost-efficient product deliveries.

88% (89%) of the feedstocks used at Neste Oil’s refineries were supplied by sea in 2013, 9% (9%) by rail, and the rest by road. 69% (70%) of products for domestic customers were transported by road, 16% (20%) by sea, and the rest by rail and pipeline. 92% (92%) of products sold to customers outside Finland were shipped by sea and the rest in tanks.

The 23 ships in the Neste Oil fleet transported 26.9 (27) million tons of crude and petroleum products in 2013. Despite a weak freight market resulting from overcapacity, the fleet’s utilization rate remained high, at 95% (94%).

Neste Oil announced in September 2013 that it is planning to exit the shipping business. Under the plan, Neste Oil would sell all its own vessels and outsource the ship management functions covering their crewing and maintenance. Five tankers and three tugs central to the company's operations will be sold to Finland's National Emergency Supply Agency and the Ilmarinen Mutual Pension Insurance Company and will be leased back under long-term contracts. In addition, Neste Oil plans to sell three of its other tankers – the Tempera, Purha, and Jurmo – at a later stage, together with its 50% ownership of three other tankers – the Stena Poseidon, Palva, and Stena Arctica – which are owned together with the Stena Group of Sweden. Statutory employer-employee negotiations covering the plan to outsource ship management functions were completed in November. Where necessary, Neste Oil will supplement its marine transport needs with other long-term or short-term contracts. The goal is to finalize this restructuring during the first half of 2014.

Read more on Neste Oil's stock exchange release on 20 February 2014

Read more about the impact on personnel

In addition to terminals at the Porvoo and Naantali refineries, Neste Oil has 10 coastal terminals in Finland, together with terminals 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. Logistics flexibility has also been increased by acquiring additional terminal capacity at other strategically important locations.