APC Lands New Tank Recoating Deal
Protective coatings manufacturer Advanced Polymer Coatings Inc. (Avon, Ohio) recently announced that it has landed its third deal of the year with Bernhard Schulte Shipmanagement (BSM) to recoat 15 cargo tanks. The recoat work will be completed on its 25,583 DWT chemical tanker, the Reinhold Schulte.
According to the release, the agreement follows similar deals from earlier this year to recoat the 25,581 DWT Rudolf Schulte and 25,620 DWT Rebecca Schulte, signed by APC’s global marine manager Captain Onur Yildirim alongside BSM’s Ship Management Center in Singapore.
Work was anticipated to begin last month at the IMC Shipyard in Zhoushan, China, with a completion date in November. The company’s MarineLINE protective tank coating will reportedly be applied on more than 19,000 square meters (roughly 204,514 square feet) of cargo tank space aboard the tanker.
Captain Yildirim said APC is “delighted” to win the latest deal after it was initially specified as the tank coating when the three tankers were built in China in 2011 and 2012. The recoating is required to maintain the high performance of MarineLINE following 10 years of service.
“We are looking forward to starting this extensive recoating job as well as building on the strong relationship we have built with BSM from recoating the two ships earlier this year,” he said. “The work will be managed by APC’s Chinese team led by Daniel Liu, our inspection manager. We will supply full application and heat curing services.”
Captain Yildirim explained in the release that APC won the three deals based on the solid performance of MarineLINE over the last 10 years.
“MarineLINE protects cargo tanks from more IMO approved chemicals than any other coating in the world,” he said. “It has incredible flexibility and can protect tanks from thousands of highly aggressive chemicals.
“This is a crucial consideration for the BSM fleet, which carries a wide variety of cargos and needs to switch grades frequently. APC, as a trusted partner, is proud to continue working with BSM and to support its rigorous cargo requirements with MarineLINE coating.”
Captain Yildirim added that MarineLINE is further able to offer operators quicker vessel turnaround times due to the speed of tank cleaning.
“The low absorption characteristics and highly glossy surface of MarineLINE allow ship owners like BSM to reduce overall tank cleaning times,” he said. “This immediately helps maximize revenue by freeing up vessel availability by cutting back on cleaning days.
The recoat work will be completed on its 25,583 DWT chemical tanker, the Reinhold Schulte.
“Furthermore, faster cleaning times are better for the environment as they cut the chemical cleaning agent required, and slops generated, by up to half compared to epoxy coatings.”
APC also reports that its maritime sales increased by 40% in 2021, with 56 ships coated with over 750,000 square meters of MarineLINE coatings. It also now reportedly accounts for more than 11% of the global cargo tank coating market, with more than 700 vessels coated worldwide.
Recent Tanker Deals
In May, APC announced that it had won a new deal to supply two new chemical tankers being built in Turkey.
The vessels to be coated include an 8000 DWT Basaran Bayrak NB 80, a chemical/oil tanker being built for the Ceksan shipowner at its Ceksan shipyard in Tuzla, and the 6000 DWT NB 68 Sedat Basak, a tanker being built for Turkish shipowner Atako Shipping and its partner Nakkas Shipping at the Gisan shipyard also in Tuzla.
According to the company’s press release, work on the project started at the end of May. The new build vessels’ cargo tanks and slop tanks will both receive applications of APC’s MarineLINE coating system. In addition, the vessels will also undergo an application inspection and full heat curing services.
In July, the company signed a signed a multi-ship deal to recoat 10 tankers with Turkish ship management firm Chemfleet. APC reports that the move reinforces its position as a major protective tank coating company in Turkey’s maritime sector.
Yildirim added that the new contract follows a third special survey of the chemical tanker fleet, which takes place after APC’s MarineLINE tank coating system has been in place for 15 years. The tank coating, at this point, needs to be recoated to maintain its performance.
The Chemfleet deal marks a “strong period” for APC in Turkey, with a collection of other projects also struck in June to recoat eight additional vessels for a range of Turkish ship owners. APC reports that in total, the deals will see 18 vessels recoated with MarineLINE.
The following month, APC signed yet another series of new chemical tanker deals in Turkey, commanding 80% of the area’s market. The jobs included undertaking two repair jobs at a yard for Turkish shipowner Veysel Vardal Shipping.
Work will be completed on its 6800 DWT MT Barbaros Uluç Vardal and MT Barbaros Hayrettin Vardal chemical tankers. This involves coating 12 cargo tanks and two slop tanks.
Additionally, APC reports it struck a new deal to recoat six tankers owned by Turkish ship owner Mercan and a single tanker for Turkish ship owner Transal. Work will be overseen by APC’s Tuzla-based Turkish team led by Koray Karagöz.
The company stated at the time that it now has more than 12% of the global chemical tanker coating market. 700 ships have reportedly been coated worldwide with its MarineLINE product.