The Hydro Agri Turnaround, started in 2000, has resulted in increased focus on core activities. Within the Ammonia Trade & Shipping (AT&S) segment, this has motivated the sale and outsourcing of non-core business units. In this regard, AT&S has considered its technical ship management operation, which is currently facilitated through Hydroship Services AS in Porsgrunn, not to be core business.
Besides the issue of cost, safety & quality have been the main focus areas in this process. An invitation to submit proposals for the technical management was issued to 13 companies worldwide.
Following an elaborate process, AT&S has decided, subject to final signing of agreements, to award Barber Shipping Management AS with the contract for technical management of NH's LPG vessels. The contract will take effect from 1 June, 2001.