uncategorized · 2/9/2007

A Greek tanker grounded at the Gulf of Finland

Neste Oil Corporation  
Press Release
9 February 2007 at 9:45 a.m. EET

M/T Propontis, owned by Greek shipowner Tsakos, was grounded early in the morning at the Gulf of Finland. The ship was bound from Primorsk, Russia to Western Europe. M/T Propontis is carrying 110,000 tons of crude oil. There are some ruptures in the ship's ballast tanks but the cargo space is intact. No oil spills have been observed.
M/T Propontis is a modern double-hull tanker built in 2006. Following the incident the ship discontinued its journey and the crew is inspecting damages at sea. Authorities and the shipowner decide on further actions.
M/T Propontis is time-chartered by Neste Shipping. Its crude oil cargo onboard is owned by a third party.
Further information from Erkki Kotiranta, VP, Neste Oil, tel. +358 50 458 4749.

Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Communications

Neste Oil Corporation is a refining and marketing company focused on advanced, clean traffic fuels, with a strategy that prioritizes growing its refining and premium-quality biodiesel businesses. Neste Oil's refineries are located in Porvoo and Naantali in Finland, and have a total refining capacity of approx. 250,000 bbl/d. The company employs around 4,700 people. Neste Oil is listed on the Helsinki Stock Exchange. For further information, see