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 the BP Tanker Company, its roots go back to the

British Tanker Company British Tanker Company Limited was the maritime transport arm of the Anglo-Persian Oil Company, the forerunner of BP. Formed in 1915 with an initial fleet of seven oil tankers, the British Tanker Company became the BP Tanker Company in 1955. ...

, which was formed to carry products for the

Anglo-Persian Oil Company The Anglo-Persian Oil Company (APOC; ) was a British company founded in 1909 following the discovery of a large oil field in Masjed Soleiman, Persia (Iran). The British government purchased 51% of the company in 1914, gaining a controlling numbe ...

. 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 Marine insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance a sub-branch of mari ...

activities, and in 2006 transported 251.7 million tonnes of crude and products, representing around 5% of the world's sea borne oil movements

Origins

British Tanker Company

Having initially employed independent contractors to carry its oil from Persia (now

Iran Iran, officially the Islamic Republic of Iran (IRI) and also known as Persia, is a country in West Asia. It borders Iraq to the west, Turkey, Azerbaijan, and Armenia to the northwest, the Caspian Sea to the north, Turkmenistan to the nort ...

) back to Europe and into

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

, in April 1915 the Anglo-Persian Oil Company (APOC) set up the

(BTC) in April 1915, with an initial capital of £100,000. The BTC placed orders with two

Tyneside Tyneside is a List of urban areas in the United Kingdom, built-up area across the banks of the River Tyne, England, River Tyne in Northern England. The population of Tyneside as published in the United Kingdom Census 2011, 2011 census was 774,891 ...

based shipbuilders,

Armstrong Whitworth Sir W G Armstrong Whitworth & Co Ltd was a major British manufacturing company of the early years of the 20th century. With headquarters in Elswick, Tyne and Wear, Elswick, Newcastle upon Tyne, Armstrong Whitworth built armaments, ships, locomot ...

and

Swan Hunter Swan Hunter, formerly known as Swan, Hunter & Wigham Richardson, is a shipbuilding design, engineering, and management company, based in Wallsend, Tyne and Wear, England. At its apex, the company represented the combined forces of three pow ...

, for a total of seven steam-powered

oil tanker An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk cargo, bulk transport of petroleum, oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quant ...

s. The BTC's first tanker was the 3,663 gross tonnage ''British Emperor'', launched in 1916. The names of all the first seven 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 Gross tonnage (GT, G.T. or gt) is a nonlinear measure of a ship's overall internal volume. Gross tonnage is different from gross register tonnage. Neither gross tonnage nor gross register tonnage should be confused with measures of mass or weig ...

''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 The monarchs of Iran ruled for over two and a half millennia, beginning as early as the 7th century BC and enduring until the 20th century AD. The earliest Iranian king is generally considered to have been either Deioces of the Median dynasty () ...

, APOC managed to strengthen its position within the industry during the

Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and ...

. With the outbreak of

World War II World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...

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 two 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 BP p.l.c. (formerly The British Petroleum Company p.l.c. and BP Amoco p.l.c.; stylised in all lowercase) is a British Multinational corporation, multinational petroleum, oil and natural gas, gas company headquartered in London, England. It is ...

, and in 1956 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 of crude oil. A significant development of the tanker fleet was seen in the building of the ''British Admiral'', the first 100,000 dwt tanker built in Europe and launched at

Barrow-in-Furness Barrow-in-Furness is a port town and civil parish (as just "Barrow") in the Westmorland and Furness district of Cumbria, England. Historic counties of England, Historically in the county of Lancashire, it was incorporated as a municipal borou ...

in 1965 by

Elizabeth II Elizabeth II (Elizabeth Alexandra Mary; 21 April 19268 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until Death and state funeral of Elizabeth II, her death in 2022. ...

. In 1981 the company was renamed BP Shipping Limited to reflect its changing role in managing the tanker fleet.

Operations

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. Employing 2,800 people based mainly in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

and

Chicago Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

, at the end of 2006 BP Shipping managed: *57 vessels - four Very Large Crude Carriers (VLCCs), one

North Sea The North Sea lies between Great Britain, Denmark, Norway, Germany, the Netherlands, Belgium, and France. A sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian Se ...

shuttle tanker, 42 medium size crude and product carriers, seven

liquefied natural gas Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume o ...

(LNG) carriers and three new

liquefied petroleum gas Liquefied petroleum gas, also referred to as liquid petroleum gas (LPG or LP gas), is a fuel gas which contains a flammable mixture of hydrocarbon gases, specifically propane, Butane, ''n''-butane and isobutane. It can also contain some ...

(LPG) carriers *24 regional vessels, including coasters *100 hydrocarbon-carrying vessels above 600 deadweight tonnes on

time charter Time Charter (6 April 1979 – 7 July 2005) was an Irish-bred, British-trained Thoroughbred racehorse and broodmare who won several major middle-distance races between 1982 and 1984. After winning twice as a two-year-old in 1981, she developed ...

Resulting in: *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: a lay-up facility located in

East Malaysia East Malaysia (), or the Borneo States, also known as Malaysian Borneo, is the part of Malaysia on and near the island of Borneo, the world's third-largest island. East Malaysia comprises the states of Sabah, Sarawak, and the Federal Territory ...

*Alaska Tanker Company: minority shareholding in four purpose-built ships of 110,693 GT retained on time charter to transport crude oil from

Alaska Alaska ( ) is a non-contiguous U.S. state on the northwest extremity of North America. Part of the Western United States region, it is one of the two non-contiguous U.S. states, alongside Hawaii. Alaska is also considered to be the north ...

US west coast The West Coast of the United States, also known as the Pacific Coast and the Western Seaboard, is the coastline along which the Western United States meets the North Pacific Ocean. The term typically refers to the contiguous U.S. states of Califo ...

ports. The ships are ''Alaskan Legend'', ''Alaskan Explorer'', ''Alaskan Frontier'' and ''Alaskan Navigator''. *China LNG Shipping: 40% shareholding in ship management service to LNG carriers serving the

Guangdong ) means "wide" or "vast", and has been associated with the region since the creation of Guang Prefecture in AD 226. The name "''Guang''" ultimately came from Guangxin ( zh, labels=no, first=t, t= , s=广信), an outpost established in Han dynasty ...

LNG terminal

Fleet

Retired ships

Active ships

References

External links

BP Trading & Shipping
{{BP BP subsidiaries Insurance companies of the United Kingdom Marine insurance companies Shipping companies of England Tanker shipping companies Transport companies established in 1956 1956 establishments in England