This article relies too much on references to primary sources. (August 2014) (Learn how and when to remove this template message)
BP Shipping is the maritime arm of British headquartered global oil company, BP. The unit covers the marine transport, logistics and insurance requirements of all BP's global activities.
Formed in 1956 as BP Tanker Company Ltd, its roots go back to the British Tanker Company Ltd, which was formed to carry products for the Anglo-Persian Oil Company. It is hence the oldest continuous business unit in the BP group. The company changed its name to BP Shipping in 1981 to encompass its marine insurance activities, and in 2006 transported 251.7 million tonnes of crude and products, representing around 5% of the world's sea borne oil movements
British Tanker Company
Having initially employed independent contractors to carry its oil from Persia (now Iran) back to Europe and into India, in April 1915 the Anglo-Persian Oil Company (APOC) set up the British Tanker Company Limited (BTC) in April 1915, with an initial capital of £100,000. The BTC placed orders with two Tyne based shipbuilders, Armstrong Whitworth and Swan Hunter, for a total of 7 steam-powered oil tankers.
The BTC's first tanker was the 3,663 gross tonnage British Emperor, launched in 1916. The names of all the first 7 ships bore the prefix "British", and all future additions to the fleet have followed the same naming convention. The 60th ship was the new flagship, the 6,998 gross tonnage British Aviator, BTC's first diesel engined oil tanker, and was at that time the most powerful single-screw motor ship in the world.
Through steadying of relationships with the Shah of Iran, APOC managed to strengthen its position within the industry during the Great Depression. With the outbreak of the Second World War in 1939, the British government chartered the BTC's whole fleet of 93 vessels, to transport fuel for its armed forces. The fleet lost 41 ships sunk during the war, with 2 others so badly damaged they could only be used as storage hulks.
BP Tanker Company
In November 1954, APOC renamed itself the British Petroleum Company, and in 1955 the BTC became the BP Tanker Company (BPTC). By the end of the 1950s, the BPTC's fleet stood at 146 vessels, including supertankers of 38,000 gross tonnage (67,000 deadweight tonnes), with plans to build tankers of 60,000 gross tonnage (100,000 deadweight tonnes), which would hold more than 25 million US gallons (95,000 m3) of crude oil. In 1981 the company was renamed BP Shipping Ltd to reflect its changing role in managing the tanker fleet.
Today, while BP Shipping remains responsible within the group for all water-born logistics, much of its fleet capacity is gained through hiring other operators vessels. The result is that it is also responsible for marine assurance on everything that is sited within or floats on water.
- 57 vessels - four Very Large Crude Carriers (VLCCs), one North Sea shuttle tanker, 42 medium size crude and product carriers, seven liquefied natural gas (LNG) carriers and three new liquefied petroleum gas (LPG) carriers
- 24 regional vessels, including coasters
- 100 hydrocarbon-carrying vessels above 600 deadweight tonnes on time charter
- The shipping of 270 million tonnes of cargo volume
- 7,000 voyages, of which at any time 450-500 cargoes are "on the water"
- On average two thirds of shipments are made by seagoing tankers, the rest via inland and harbour barges
The marine insurance activity covers 800-900 miscellaneous craft such as tugs, crew boats, barges and seismic vessels used in support of BP group business around the world. All are vetted, with policy being that BP Shipping considers a vessel to be unacceptable unless positively identified otherwise. Of the 4,700 inspections in 2006, half resulted in an initial rejection.
Other marine holdings include:
- BP Shipcare Sdn. Bhd. - a lay-up facility located in East Malaysia
- Alaska Tanker Company - minority shareholding in four purpose-built ships of 110,693 GRT retained on time charter to transport crude oil from Alaska to west coast US ports. The ships are Alaska Legend, Alaska Explorer, Alaska Frontier and Alaska Navigator.
- China LNG Shipping - 40% shareholding in ship management service to LNG carriers serving the Guangdong LNG terminal
|Class||Builder||Type||Ships||Flag||Port of Registry||Service||Notes|
|Daewoo Shipbuilding and Marine Engineering||Shuttle Tanker (DP2)||Loch Rannoch||United Kingdom||Lerwick, Shetland||1998–2013||Returned to owners, Knutsen OAS, September 2013|
|P Class||Samsung Heavy Industries||VLCC||British Pioneer||Isle of Man||Douglas, Isle of Man||1999–2011||Renamed Ridgebury Pioneer|
|British Pride||2000–2016||Renamed Ridgebury Pride|
|British Progress||2000–2016||Renamed Ridgebury Progress|
|British Purpose||2000–2016||Renamed Ridgebury Purpose|
|Class||Builder||Type||Ships in Class||Flag||Port of Registry||in Service||Notes|
|Tree Class||Tsuneishi Shipbuilding Co.||Aframax||British Beech||Isle of Man||Douglas, Isle of Man||2003|
|Bird Class||Samsung Heavy Industries||Aframax||British Osprey||Isle of Man||Douglas, Isle of Man||2003|
|E Class||Hyundai Mipo Dockyard||Medium Range Products Tanker||British Esteem||United Kingdom||London UK||2003|
|British Envoy||Isle of Man||Douglas, Isle of Man||2006|
|British Emissary||United Kingdom||London, UK||2007|
|Virtue Class||Hyundai Mipo Dockyard||Large Range Product Tanker||British Integrity||Isle of Man||Douglas, Isle of Man||2004|
|C Class||Mitsubishi Heavy Industries||Liquefied Petroleum Gas (LPG) Carrier||British Commerce||Isle of Man||Douglas, Isle of Man||2006|
|Trader Class||Samsung Heavy Industries||LNG carrier||British Trader||Isle of Man||Douglas, Isle of Man||2002||First Spot-market LNG carriers.|
|Gem Class||Hyundai Heavy Industries||LNG carrier||British Emerald||Isle of Man||Douglas, Isle of Man||2007||First Dual-Fuel Diesel-Electric (DFDE) LNG carriers.|
|Kawasaki Heavy Industries||LNG carrier||Northwest Shearwater||Bermuda||Hamilton, Bermuda||1991||Vessel operated for North West Shelf Venture.|
|Barge||Breko Nieuwbouw B.V.||Lubricating Oil||Victoria||Netherlands||Rotterdam, Netherlands||2005||Operated by Verenigde Tankrederij B.V.|
|V Class||Daewoo Shipbuilding and Marine Engineering||VLCC||British Venture||Isle of Man||Douglas, Isle of Man||2013|
|R Class||STX Offshore and Shipbuilding Co. Ltd||Aframax||British Respect||Isle of Man||Douglas, Isle of Man||2016|
|Century Class||STX Offshore and Shipbuilding Co. Ltd||Suezmax||British Century||Isle of Man||Douglas, Isle of Man||2017|
|Mariner Class||Hyundai Mipo Dockyard||Product Tanker||British Mariner||Isle of Man||Douglas, Isle of Man||2016|
|Cloud Class||Hyundai Mipo Dockyard||Handysize||British Cumulus||Isle of Man||Douglas, Isle of Man||2016|
|Project Delphi||Daewoo Shipbuilding and Marine Engineering||LNG carrier||6 ships to be built from 2015||Under construction|