OSJ Conference 2018 supplement by rivieramaritimemedia

2018

Annual Offshore Support Journal Conference | Awards | Exhibition

Headwinds, high seas and consolidation in a reviving market

Innovation solves deepwater lifting conundrum The speculative gamble that paid off and promises more

“We have all had to adapt to a brand new norm... the way we were structured coming into this crisis may not be the way we are structured coming out of this crisis” René Kofod-Olsen, chief executive officer, Topaz Energy and Marine, page 30

OFFSHORE WIND

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contents

Annual Offshore Support Journal Conference | Awards | Exhibition Published March 2018

Introduction

3 The hallmarks of ‘OSJ Week’ Head of Content: Edwin Lampert t: +44 20 8370 7017 e: edwin.lampert@rivieramm.com Brand Manager – Sales: Ian Glen t: +44 7919 263 737 e: ian.glen@rivieramm.com Sales: Indrit Kruja t: +44 20 8370 7792 e: indrit.kruja@rivieramm.com Sales: Colin Deed t: +44 1239 612384 e: colin.deed@rivieramm.com Head of Sales – Asia: Kym Tan t: +65 9456 3165 e: kym.tan@rivieramm.com Sales – Asia & Middle East: Rigzin Angdu t: +65 6809 3198 e: rigzin.angdu@rivieramm.com Sales – Southeast Asia & Australasia: Kaara Barbour t: +61 414 436 808 e: kaara.barbour@rivieramm.com

Overview

4 Edited highlights from this year’s Annual Offshore Support Journal Conference and Awards

Offshore Wind Journal Conference

6 A key conference at a key moment in the industry’s development 7 Offshore wind keeps up with the Jones Act

Offshore renewables award 8 The speculative gamble that paid off

European Dynamic Positioning Conference 10 Active discussions on laid-up vessels 11 DP operators to peak at 24,000

Dynamic positioning award

12 Combining satellite positioning and inertial technology

OSJ Conference day one

14 Headwinds, high seas and consolidation in a reviving market 15 Green and lean marine operations. 3D printing and autonomous vessels

Exhibition and networking

Group Production Manager: Mark Lukmanji t: +44 20 8370 7019 e: mark.lukmanji@rivieramm.com

16 A buoyant three day exhibition provided a perfect forum for deal making and networking

Subscriptions: Sally Church t: +44 20 8370 7018 e: sally.church@rivieramm.com

18 Regional activity, cabotage and emerging markets 19 Rules dent outlook for Asian and African offshore

Chairman: John Labdon Managing Director: Steve Labdon Finance Director: Cathy Labdon Operations Director: Graham Harman Executive Editor: Paul Gunton Head of Production: Hamish Dickie Published by: Riviera Maritime Media Ltd Mitre House 66 Abbey Road Enfield EN1 2QN UK

OSJ Conference day two Seen and heard

20 A photo montage of three busy, productive and enjoyable days!

Marine Safety award

22 Efforts to tackle complacency head on recognised

Support vessel of the year 23 Maersk Master – a master of the seas

Shipowner of the year

24 From one brand to three in 18 months

Innovation of the year

25 A hybrid fibre rope crane and lifting system for subsea construction projects www.rivieramm.com

Environmental award 26 The benefits of hybrid propulsion

Subsea innovation award

27 The most advanced IACS-classed DSV built in China for export

Lifetime achievement award

28 Our winner has show a knack for predicting the next trend – and investing in it

OSJ industry leader award Disclaimer: Although every effort has been made to ensure that the information in this publication is correct, the Author and Publisher accept no liability to any party for any inaccuracies that may occur. Any third party material included with the publication is supplied in good faith and the Publisher accepts no liability in respect of content. All rights reserved. No part of this publication may be reproduced, reprinted or stored in any electronic medium or transmitted in any form or by any means without prior written permission of the copyright owner.

www.osjonline.com

30 Topaz's René Kofod-Olsen on the sometimes brutal realities of industry leadership

OSJ week in numbers

32 An infographic detailing who attends and where they come from

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

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REMOTE INSPECTION

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Boatlabs AS with their BLISEA digital electronic archive and BL4SEA digital remote verification systems are proven to save time, reduce costs, ensure proper documentation and much more, including compliance with DP FMEA and Annual DP trials. Boatlabs provides proven solutions for a long list of satisfied customers To find out more about how Boatlabs digital solutions can help to streamline your operations and reduce your costs in the future please visit our websites or contact: Boatlabs AS is also the proud supplier of FMEA Analysis for Ship of the Year 2018 “Maersk Master”, and FMEA Analysis and DP Operation Manual for Ship of the Year 2017 “NKT Victoria”.

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INTRODUCTION | 3

Highlights from a high point in the industry calendar

A Edwin Lampert, Conference Chairman

warm welcome to the OSJ Conference and Awards supplement. We have evolved the format to ensure that our content is fresh and that it reflects the vibrancy of this year’s Offshore Wind Conference, Dynamic Positioning Conference and Annual Offshore Support Journal Conference – or what the industry has come to refer to as ‘OSJ Week.’ For those who were there the following pages will bring back memories of a buoyant event where the market mood was at its most optimistic since 2013. This was reflected not only in the formal and informal discussions, but in the number and diversity of attendees as well as the sold-out exhibition. In the pages that follow we report on the key talking points from the three conference programmes, profile the Annual Offshore Support Journal Conference Award winners and – given that a picture can be worth a thousand words – showcase the exhibitions, networking and high-spirited dinner and awards

that crown OSJ Week. So how best to summarise the market mood across the three days? Perhaps SolstadFarstad chief executive Lars Peder Solstad put it best – in the opening speech of the Annual Offshore Support Journal Conference – when he referred to a sector that has been buffeted by high winds and high seas but has a market recovery in sight. And where is this market recovery to be found? According to co-panellist Stephen Gordon of Clarkson Research Services, it is to be found in the niches: especially in a resurgent FPSO world and the emergent world of floating LNG. And with representatives of these and other niches present, there were plentiful opportunities for those in attendance to discuss and pursue them. Please enjoy the pages ahead and be sure to keep February 2019 clear so that you can attend next year’s event and take advantage of the networking and business opportunities to be had during OSJ Week.

Got news for OSJ? Get it to the editorial team today! osjonline.com and the print and digital editions of Offshore Support Journal and its associated supplements are the offshore support vessel industry’s first port of call for news, analysis, insight and opinion. For 20 years the sector has turned to our portals. • First published in 1998. • 22% of the magazine circulation reaches the oil majors that charter OSVs. • 46% of the magazine circulation reaches owners/operators/managers. • 27,000 copies circulated of each issue (5,000 print, 22,000 digital). • 74% of the magazine circulation reaches decision-makers in the OSV industry. To get in front of this audience, send your news and views to our market leading editorial team today: osjnewsdesk@rivieramm.com

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Annual Offshore Support Journal Conference, Awards & Exhibition 2018

Annual Offshore Support Journal Conference | Awards | Exhibition

Day 1:

Market update Against the backdrop of Clarksons Research market analysis forecasting secure short- and medium-term oil demand, the rise of renewables and the strength of US shale production, offshore executives looked to fundamental changes as a way to meet challenges in the sector during day one of Riviera’s Annual Offshore Support Journal Conference. In the opening session, OSV owner-operator SolstadFarstad’s chief executive issued the first call (an oft-repeated one) for consolidation. The industry’s failure to consolidate, said Mr Solstad, meant that the only winners in today's market are his clients. Happily, though, there is money to be made. For some it is in the niches - especially in a resurgent FPSO world and the emergent world of floating LNG. But consolidation – albeit consolidation with care – is the order of the day.

Lars Peder Solstad (SolstadFarstad) issued the first, oft-repeated call for consolidation in the sector

Statoil, by the numbers: setting a new emissions agenda

New vessels and new technologies

Statoil’s manager for marine, logistics and emergency response, development and production Frida Eklöf Monstad is working to reduce the company’s overall emissions while also saving money by achieving greater efficiencies. To date, Statoil has saved over 445,000 tonnes of CO2, the equivalent annual emissions from 222,500 cars, and Ms Monstad and Statoil have bigger plans. Statoil's stated ambition is to become "the most environmentally friendly logistics service provider in our industry," with an emissions reduction target of 50% by 2030 (compared with 2011 level), adjusted for activity.

Damen Shipyards engineer Wijtze van der Leij detailed to delegates the process by which Damen had designed Bibby Wavemaster 1, using Kongsberg digital twin simulators to model the SOV service vessel’s wave and current performance. “Our analysis showed this vessel should be able to operate in 3.5 m wave heights and Beaufort 8 winds, stretching the weather window,” Mr van der Leij said. Rolls-Royce general manager Geir Oscar Loseth admitted that Rolls-Royce was considering using 3D printers to produce spares for vessels. “There are hundreds of spares on vessels that could be printed, so it will be an important platform that we can manage,” Mr Loseth said. Kongsberg Maritime sales manager Sondre Larsson explained how developments in vessel controls, battery packs, automation and navigation systems are driving the design of remotely controlled vessels and cited work with Robert Allan to produce a concept for remotely controlled firefighting vessels. Other applications for autonomous offshore vessels will “depend on regulations and market needs,” Mr Larsson said. Standby and offshore firefighting vessels could also be part of the autonomous equation, he said.

OSJ Awards highlight industry trailblazers The annual Offshore Support Journal Conference & Awards in London closed its first day with a gala dinner where hundreds of delegates from around the industry gathered to show appreciation to the businesses and individuals pushing the industry forward. Topaz Energy and Marine chief executive René Kofod-Olsen took home the Industry Leader Award, sponsored by Uptime International, for his trendsetting work in exploring new markets, deal making, innovation and safety. The Lifetime Achievement Award went to Kjersti Kleven, co-owner and chair of the board of the Norwegian shipbuilding group Kleven Verft Maritime AS. Elsewhere in this publication you can read more about these winners and winners in categories including support vessel of the year, shipowner of the year, innovation of the year, contributions to environmental practices, offshore renewables, subsea innovation, dynamic positioning and safety.

The winners of the 2018 Offshore Support Journal Awards

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

sponsored by

8 | OFFSHORE RENEWABLES AWARD

THE SPECULATIVE GAMBLE THAT PAID OFF - AND PROMISES MORE Award celebrates risk taking and innovation

n January 2016, Bibby Marine Services took a leap of faith, signing a contract with Damen shipyards for the construction of an innovative customdesigned walk-to-work vessel. The company says the vessel, which launched in March 2017, is likely just the first in a series. “When we convinced the board to invest tens of millions of euros in this vessel, we had no contract,” said Stephen Blaikie, Bibby Marine’s former chief executive and the initiator of the Bibby Wavemaster 1 project. “What we did have was the knowledge and desire and commitment to get in this marketplace because we believed in it, and we believed in our capability to make a difference,” he explained. Just over two years later, Bibby Wavemaster 1 is closing in on the end of its first full year of service, and is looking at an enviable calendar of work that is almost full until the first quarter of 2021. “The vessel is working,” said Mr Blaikie.

“It’s been out doing windfarm work since a week after it was named in Rotterdam last year. It’s been working flat out.” Mr Blaikie was on hand to accept the Offshore Renewables award sponsored by F3O Offshore Services at the annual Offshore Support Journal Conference & Awards in London. “We are very proud of Bibby Wavemaster 1, and it will hopefully be the first in a series of vessels. Watch this space for some more news in the next few weeks,” he said. Having retired in November 2017, Mr Blaikie accompanied the group’s current managing director, Stephen Bolton, to collect the gong. Both men applauded the partnership with Damen and the shipyard’s subcontractors for their part in the project’s success. “Damen in particular was able to give us a hardware-in-the-loop simulation of how the vessel performed. We had a dynamic positioning system, we had a gangway system, we had the vessel dynamics all operating on computer before the vessel was even built. We could see how it would perform, and this helped us to convince clients. So this is a major step-change in the design of the vessel. It’s a totally new concept,” Mr Blaikie said. The vessel spent its first year involved mostly with windpower – for example, performing work with James Fisher Marine

HOW INNOVATIVE IS THE BIBBY WAVEMASTER 1 DESIGN? Bibby Wavemaster 1 was customised to ensure that windfarm technicians – or oil and gas maintenance personnel – can directly access the ship’s gangway from warehouse areas. A helideck, daughter craft and crew transfer vessel landings (with refuelling) complement the versatility of the design. The vessel can provide turbine access in up to 3.1 m significant wave height, and is able to remain at sea for up to one month. Although primarily designed with offshore wind in mind, Bibby Wavemaster 1 has tank arrangements suited to liquids such as glycols and low flashpoint liquids with separate delivery intakes, and facilities for dive support and operations with remotely operated vehicles.

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

Having retired in November 2017, former Bibby Marine Services CEO Stephen Blaikie (right) accompanied the group's current Managing Director Stephen Bolton (left) to collect the OSJ Offshore Renewables Award

Services at Innogy’s 336 megawatt (MW) Galloper windfarm off the coast of Suffolk, UK, undertaking winter commissioning work on the project’s substation and 56 Siemens 6 MW turbine. In April 2018 the vessel will begin an assignment for Total E&P Nederland, working on gas platforms in the Dutch sector of the North Sea. Mr Blaikie argued that the crossover between offshore renewables services and oil and gas is only becoming more pronounced. “For many, many years, we have all been told offshore wind should learn from oil and gas. Well, I think that has reversed a little bit now because we are driven by cost, we are driven by efficiencies in offshore wind, and the oil and gas guys are realising that,” he said. “Today, we are seeing an awful lot of offshore wind centricity within the marketplace, and I think we can all learn from each other and drive what we do forward for the benefit of our clients and ourselves,” Mr Blaikie concluded. OSJ

www.osjonline.com

• Windfarm maintenance • Offshore windfarms • Offshore & support Unit 3, Manby Road, South Killingholme Immingham, North Lincolnshire DN40 3DX

• Rotor access platforms • Rotorblade inspections • Lift/elevator installations t: 01469 553 800 f: 01469 553 810

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NEED LESS POWER? WE’RE UP FOR THE CHALLENGE. Congratulations to Bibby Marine Services, who recently received an OSJ Offshore Renewables Award for their newbuild SOV Bibby WaveMaster1. Thanks to a winning combination of innovative design, an optimized engine configuration and a flexible power management system, the vessel is so efficient it actually requires less installed power than a conventional PSV. And we’re honored they asked us to supply it. With just two trusted and reliable Cat® 3516 and two Cat® C32 engines on board, the Bibby WaveMaster 1 is proof that sometimes you really can go farther with less.

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08/03/18 16:07

DP technology challenges in a changing offshore market Active discussions on laid-up vessels

Sen Abhayasinghe (London Offshore Consultants): Industry lucky to have avoided a major accident

s the offshore industry begins to move out of its worst downturn in living memory, more support vessels with dynamic positioning (DP) will be brought out of layup. This generates a series of issues and challenges to owners and the offshore support vessel

(OSV) sector as a whole. These challenges include how to ensure DP systems on stacked vessels operate properly and safely after reactivation, and how to retrain seafarers that return after finding alternative employment. These were discussed at Riviera Maritime

Media’s European Dynamic Positioning Conference in London, on 6 February. Some of these issues were best summarised by V Ships Offshore director Alessandro Ciocchi. He presented two case studies in which vessels - NOR Goliath in the US Gulf of Mexico and McDermott Amazon in the UK - were reactivated from layup. He urged vessel owners to maintain onboard systems and plan for gaining flag and class re-approvals as vessels are laid up. Mr Ciocchi told delegates that they should have “planned for reactivation at

the point of putting vessels into layup” if they want a smooth reactivation. “It is about management change of systems, personnel and equipment,” he explained. Technology plays a key part in vessel reactivations, and conference delegates were updated on the latest thruster, energy storage and positionreference sensor technologies. Schöttel sales manager for tugs and offshore energy Henning Frerichs outlined the processes and computerbased modelling involved in the development of the company's new thrusters, VarioDuct. Voith Turbo vice president for research and development Dirk Jürgens explained how static DP capability plots do not show the reality of operations in North Sea conditions. And Corvus Energy senior vice president for business development Halvard Hauso highlighted the fuel savings and emission reductions from using batteries in combination with gensets.

Panellists were drawn from the worlds of industry association, institution and industry

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

www.osjonline.com

EUROPEAN DYNAMIC POSITIONING CONFERENCE REVIEW | 11

The skills of DP operators and engineers will also be important during vessel reactivations and new contracts. But there has been a dilution of traditional maritime skills within the offshore industry as more of the “PlayStation generation” are employed, said Seacroft Marine Consultants technical director Michael Cowlam. He said there was a broad tendency among crews to lack vessel-handling skills. This was reinforced by the view of London Offshore Consultants group technical authority for DP, Sen Abhayasinghe. He said the offshore industry was fortunate not to have had more serious accidents. “Some of the people in the industry think, ‘This vessel has been operating properly for 10-15 years,' but I think it is luck,” he said. Nautical Institute chief executive John Lloyd and DNV GL SeaSkill service manager Torsten Schröder agreed that there should be greater focus on manual vessel handling in DP operator training and assessment. Having more training centres accredited for DP courses and assessments will be vital to improving operator competence, said Capt Lloyd. He said his institute had

accredited 96 training centres and expects to add another five this year, compared with around 85 in 2015. Mr Schröder said more than 430 candidates have passed DNV GL’s DP operator competence assessment scheme. Better transparency in DP issues will also help improve safety in the industry. The International Marine Contractors Association (IMCA) received 98 reports of negative DP stationkeeping events in 2017 from 75 vessels. IMCA technical advisor Andy Goldsmith said this included 17 incidents of loss of DP ability, 56 undesired events and 25 observations of faults. The largest percentage of incidents was due to thruster and propulsion issues, while position reference and computer issues were also common. On the sidelines of the conference, Mr Goldsmith told OSJ that the increase in reporting was around 20% from approximately 80 in 2016 and 78 in 2015. He attributed this to improvements in reporting, IMCA having changed the name of the reporting scheme in 2017 to reflect that it was not just DP incidents, but included undesired events and observations.

Leading DP operator nations: Changes in the origin of DP operators certified by Nautical Institute over a decade

2006

• Norway • USA • Poland • United Kingdom • Canada • India

2017

• Brazil • USA • India • Ukraine • Mexico • Philippines

Snapshot CV: Alessandro Ciocchi

Alessandro Ciocchi has been director of V Ships Offshore since January 2015. He has held other positions in V.Group (including business development manager),which he joined in 2006. Before that he was project engineering manager with Saipem. Mr Ciocchi has a Masters of Science in engineering, mechanical engineering and management from the University degli Studi Federico II.

The number of certified dynamic positioning (DP) operators is set to peak this year at around 24,000 people despite the drop in demand for competent people from the offshore vessel sector. Nautical Institute chief executive John Lloyd said this compared with 22,500 DP operators with valid certificates worldwide in 2012. This rise came at a time when low oil prices limited demand for offshore support vessels and drilling rigs with DP systems. However, there are growing requirements for DP operators in other sectors, such as on shuttle tankers and vessels constructing or helping to maintain offshore wind turbines. Capt Lloyd said there had been a change in the country of origin of DP operators over the last 10 years (see table) and increasing use of refresher training and recertification since 2014.

He forecast that the number of DP operators will begin to reduce after this year as some existing operators will decline to recertify their skills and competence. There has already been a considerable drop in the number of new certifications from more than 3,000 in 2016 to 1,750 in 2017. Nonetheless, Nautical Institute has been recertifying around 3,000 DP operators each year since 2015. Capt Lloyd said Nautical Institute had rectified concerns over the time it takes to process certificate applications. It has reduced the return time of DP operator certifications from four weeks in 2016 to around 10 working days this year. There were also concerns about the number of applications that are turned down. Addressing these, Capt Lloyd told delegates that since the introduction of the Alexis platform for DP operator certification, non-compliant returns were reduced from 10% in 2014 to 5% in 2017 and down to 2% for so far this year. OSJ

www.osjonline.com

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

DP operators to peak at 24,000

12 | DYNAMIC POSITIONING AWARD

KONGSBERG SCOOPS PRESTIGIOUS DP AWARD Kongsberg Seatex’s DPS i2 and DPS i4 integrated reference solution was the standout winner because it combines satellite positioning and inertial technology

ffshore support vessels and drilling rigs can be more effectively operated and securely positioned using Kongsberg Seatex’s award-winning dynamic positioning (DP) reference solution. Kongsberg has combined satellite positioning and inertial technology to create an integrated reference solution for DP applications. The DPS i2 and DPS i4 integrated reference solution was honoured by this year’s Offshore Support Journal Dynamic Positioning award. This award was presented to Kongsberg Seatex vice president of sales and customer support Vidar Bjørkedal at the gala awards on 7 February 2018. The DPS i2 and DPS i4 integrated reference solution combines motion reference sensors with sensors using up to four different constellations of the Global Navigation Satellite System (GNSS). On receiving the award, Mr Bjørkedal said: “We are proud that the latest addition to our position-reference system portfolio has been recognised as a positive development by the very people that will be using it in the years to come.” Launched in October, DPS i2 and i4 is a cutting-edge integrated solution for DP reference applications. The system provides high-precision positioning information to offshore vessels, drilling rigs, floating production storage and offloading systems, and shuttle tankers. It was designed to be fully scalable and future-proof in order to help customers operate efficiently in applications.

The system uses the US-funded Global Positioning System (GPS) and Russia’s Glonass GNSS. The i4 element also incorporates the European Union’s Galileo GNSS and China’s Beidou constellation for position referencing. The advantage of having the use of up to four constellations is having multiple layers of redundancy. This is beneficial to vessel operators that are worried about signal outages from events such as solar radiation, GPS jamming, or antenna blockages from operating close to infrastructure.

DPS I2 AND I4 FACTS What is it: An integrated DP reference system Manufacturer: Kongsberg Seatex Use: Provides precision position reference to DP systems with redundancy Unique tech: GNSS combined with inertial sensors GNSS constellations: GPS, Glonass, Galileo and Beidou Inertial sensors: MGC and MRU Applications: OSVs, rigs, FPSOs, shuttle tankers, pipelayers, offshore construction and drillships

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

Vidar Bjørkedal (Kongsberg Seatex): A signature award for signature technology

For additional precision and redundancy, DPS i2 and DPS i4 have a unique combination of motion gyro compass (MGC) and motion reference unit (MRU) technology. Mr Bjørkedal said these inertial sensors bring “a new approach that among others, means that no additional augmentation service is required for precision positioning data during DP operations.” It was originally introduced in October 2017 for complex DP operations. These can include use on pipelayers, offshore construction vessels, subsea construction ships and drillships. Kongsberg’s integration technology (fusing GNSS signals with information from inertial sensors) put it above the other nominations for the OSJ award. These included Guidance Marine for its CyScan AS. This is a new version of its laser position reference system, CyScan, with absolute signature technology. This resolves longstanding, common industry challenges related to false reflections and authenticating target detection. Guidance Marine parent company Wärtsilä was also nominated, along with vessel owner GulfMark Offshore, for the joint remote-controlled DP trial using an OSV. This involved an operator in California controlling a GulfMark platform supply vessel in the North Sea using the ship’s DP system. The International Marine Contractors Association was also nominated for the OSJ award because it has consolidated important information on DP on its website. OSJ

www.osjonline.com

DPS i-series Award winning GNSS positioning for DP More information, visit posref.com

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14 | OSJ CONFERENCE day one

Headwinds, high seas and consolidation in a reviving market

ay one of Riviera’s Annual Offshore Support Journal Conference heard that the industry is being buffeted by headwinds and high seas – but also that there are signs of a market recovery. Against the backdrop of Clarksons Research market analysis forecasting secure short- and medium-term oil demand, the rise of renewables and the strength of US shale production, offshore executives looked to fundamental changes as a way to meet challenges in the sector. In the opening session, OSV owner-operator Solstad Farstad’s chief executive issued the first call (an oft-repeated one) for consolidation. “The period we are in now is probably the worst period ever – at least in the last 30 years. So, what do we learn from this experience? In my opinion, we need to consolidate further. As it is now, we compete each other to death,” Lars Peder Solstad said. Mr Solstad told the gathered crowd that the financial turmoil of the last two years had changed forever the way the industry will do business. But as Mr Solstad himself pointed out, the merger to create SolstadFarstad – involving Norwegian shipowners Solstad Offshore,

Lars Peder Solstad (SolstadFarstad): Industry‘s failure to consolidate means the only winners are the clients and the lawyers

Farstad Shipping, Deep Sea Supply and Rem Maritime – is the only major consolidation the industry has seen to date. The industry’s failure to consolidate, said Mr Solstad, meant that the only winners in today's market are his clients. There are 57 vessels on the spot market in Norway and the UK, owned by 25 companies. The going rate is £6,000/day, or to quote Mr Solstad, the equivalent of “having a lawyer in the office for a day or two.” A typical one-year contract generated enough to pay 13-14 highly skilled crew, a little bit of maintenance and interest, but the clients effectively get the vessel for free. Activity will pick up, but unless the industry acts decisively rates will not

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

automatically follow. As Mr Solstad pointed out, most owners have negotiated special rates with their lenders but, at some point, this will come to an end. Clarksons’ Stephen Gordon gave a typically comprehensive view of market indicators, demand, the laid-up fleet and shipbuilding book. There was the same optimistic albeit cautionary tone to his comments. Global demand for offshore oil and gas is robust, but Mr Gordon shared the results of a survey of 30 investment banks, whose consensus was that the oil price will be lower in a year than it is today. That said, investment bankers have got it wrong before. He drew attention to our industry’s fragmented

Conference hears that there are opportunities and there is money to be made

ownership base (the average OSV owner today has just five ships), and to an accelerating timetable of environmental legislation (plus the danger of owners over-specifying to meet these new requirements). There was pithy advice from Tidewater Marine chief executive Larry Rigdon and GulfMark Offshore chief executive Quintin Kneen. “I am not a total pessimist,” Mr Rigdon told the gathering. “There will be an upturn, but if you are not in survival mode in 2017 and 2018 you are in trouble.” Mr Kneen, while acknowledging the merits of enhanced co-operation and even pooling among owners, pointed out that such goodwill has its limits. “We're not doing this for practice, we're doing this to make money,” he said. Happily, there is money to be made. For Mr Gordon it is in the niches – especially in a resurgent FPSO world and the emergent world of floating LNG. So what is the bottom line? There are opportunities, and there is money to be made. But consolidation – albeit consolidation with care – is the order of the day. NEW VESSELS: DIGITAL TWINS, 3D PRINTING AND AUTONOMY Offshore vessels could be designed using digital twins, supplied with spares using 3D printers and remotely

www.osjonline.com

Statoil, by the numbers: setting a new emissions agenda

Statoil’s manager for marine, logistics and emergency response, development and production Frida Eklöf Monstad wears many hats. And she does so very efficently, to judge by the statistics she presented in the final session of day one of the Offshore Support Journal Conference. Ms Monstad is working to reduce the company’s overall emissions while also saving money by achieving greater efficiencies. To date, Statoil has saved over 445,000 tonnes of CO2, the equivalent annual emissions from 222,500 cars and, in doing so, made more than €50M (US$61M) in cost savings and reduced emissions by nearly 30%, as vessels have cut fuel consumption under her watch. But she is not done yet. Take a look at Ms Monstad’s goals and achievements in our fact box.

GREEN AND LEAN MARINE OPERATIONS • Statoil aims to perform upstream logistics services on the NCS with the lowest carbon footprint in the industry. • Since 2011, the company has systematically reduced its footprint and cut CO2 emissions by 30%.

controlled in future oil and renewables operations. Damen Shipyards engineer Wijtze van der Leij said hardware-in-the-loop simulation along with digital twins can be used to optimise the design of offshore support vessels for specific applications. He detailed to delegates the process by which Damen had designed Bibby Wavemaster 1, using Kongsberg Digital simulators that model the SOV service vessel’s wave and current performance. “Our analysis showed this vessel should be able to operate in 3.5 m wave heights and Beaufort 8 winds, stretching the weather window,” Mr van der Leij said. Damen’s hardware-inthe-loop testing involves connectivity among a hydrodynamic model of the vessel, dynamic positioning control station, planning workstation, gangway control and Kongsberg simulator. Through these studies,

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Damen demonstrated that its SOV could operate for 70 more days in the North Sea compared with the use of a platform supply vessel for offshore windfarm maintenance. During operations, engineroom systems can be monitored using sensors networked to a vessel’s satellite communications for onshore analysis and diagnostics. This is what Rolls-Royce Marine will introduce when it opens a fleet operations centre later this year. Rolls-Royce general manager Geir Oscar Loseth explained how this can lead to new long-term service contracts. He admitted that Rolls-Royce was considering using 3D printers to produce spares for vessels. “3D printing offers opportunities, and we will develop this with our customers,” Mr Loseth said. “There are hundreds of spares on vessels that could be

• In order to drive carbon-efficient solutions, Statoil will intensify work to obtain full potential savings under existing initiatives, and will launch new projects with suppliers and other external industry partners. • Statoil’s stated ambition is to become “the most environmentally friendly logistics service provider in our industry,” with an emissions reduction target of 50% by 2030 (compared with 2011 level), adjusted for activity.

printed, so it will be an important platform that we can manage.” Future offshore operations could be conducted using remotely controlled or autonomous vessels. Kongsberg Maritime sales manager Sondre Larsson explained how developments in vessel controls, battery packs, automation and navigation systems are driving the design of remotely controlled vessels. He highlighted how Kongsberg worked with naval architects at Robert Allan to produce a concept for remotely controlled fire-fighting vessels. RALamander is a 20 m vessel with FiFi1 capabilities and broadband communications to a control centre. Other applications for autonomous offshore vessels will “depend on regulations and market needs,” Mr Larsson said. Standby and offshore fire-fighting vessels could also be part of the autonomous equation, he said. OSJ

Wijtze van der Leij (Damen Shipyards): Hardware-in-theloop testing and connectivity

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EXHIBITION AND NETWORKING A BUOYANT THREE-DAY EXHIBITION PROVIDED A PERFECT FORUM FOR DEAL MAKING AND NETWORKING

Rivieraâ&#x20AC;&#x2122;s OSJ week has a deserved reputation as a hub for the industry to launch and showcase its products and services as well as initiate, negotiate and conclude deals. At the heart of this is the three-day exhibition.

18 | OSJ CONFERENCE day two

Regional activity, cabotage and emerging markets AMERICAS AND THE NORTH SEA

How does the outlook for the industry look globally? Those at the sharp end shared their views

Dr Wei Liu was an oil price range forecast during 2018 of US$55-70 b/d. Dr Liu's forecasted range took into account the everpresent short-term threat to oil prices from potential increases in production and the indicator that continued OPEC restraint

would tighten the supply/ demand balance.

AMERICAS

Turning to the Americas, with Brazil dominating the deepwater global cost curve and oil field services (OFS) pricing remaining a

challenge, Dr Liu said shortterm US capital expenditures (capex) would give way to momentum from Brazil. The group has revised its view on US liquids growth up somewhat for 2018, which will be offset by an increase in demand. Shale production in the US is expected to rise substantially – even if the oil price remains at current levels or rises further, a scenario which Dr Liu did not expect before the second half of 2019. In Latin America, largescale deepwater projects are shaping the market

FACT BOX:

DEVELOPMENT IN THE OFFSHORE WIND SECTOR Looking back five years and forward 10, 4C Offshore chief executive Chris Anderson outlined the fundamentals of a marked change in the dynamics of energy markets. “There’s been a change,” he said. “Countries are now starting to revise their expectations in light of the previous price collapses [in petroleum markets] and the effects that had on their national debts.” • From an installed world capacity of 5.7 GW in 10 countries just a few years ago, capacity across the world has now hit 17.4 GW. • Growth in offshore wind has tripled in the last four years. • Facilities capable of generating 9.2 GW of offshore wind power are under construction across the world. • By 2028, if most of the currently proposed projects go ahead, there will be an increase of 57-58 GW in offshore wind power globally. • This would take total world capacity to 85 GW in the next 10 years.

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Dr Liu’s forecasted range took into account the ever-present shortterm threat to oil prices from potential increases in production and the indicator that continued OPEC restraint would tighten the supply/demand balance

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Duncan Telfer highlighted how cabotage rules in southeast Asia are increasing costs in operating anchor handlers and platform supply vessels (PSVs) in the region

landscape, and Dr Liu projected an increase in exploratory drilling with Brazil's Petrobras reducing its projected costs by increasing productivity and locking in low supply-chain costs. In the Gulf of Mexico, Wood Mackenzie research associate Charlie Brown said that in spite of some US$36 Bn in capex being eliminated in the aftermath of the oil price collapse, projections showed that production could hit a new post-Macondo peak and continue growing. The current capex picture is a continued drop with a lack of sanctioned preFID projects, and the post2020 forecast is heavily dependent on an uptick in pre-FID projects. Mr Brown said US deepwater looked to be competitive with its onshore counterpart, with subsea tieback and brownfield projects competing well with shale. Rig rates are down sharply, but not all operators have taken advantage of the softer market, said Mr Brown. Legacy contracts are preventing costs from falling further. The Gulf of Mexico vessel market remains “hugely oversupplied,” and will need to rebalance further following ameliorated market conditions over the course of 2017. Wood Mackenzie saw short-term rebalancing as unlikely, and cited the lack of scrapping as a major issue.

NORTH SEA

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Cabotage rules dent positive outlook for Asian and African offshore The key trend that dominated regional round-ups at Riviera Maritime Media’s Annual Offshore Support Journal Conference was strengthening cabotage rules for offshore support vessels across Asia, Africa and the Middle East. The trend is making it tougher for fleet owners to find employment for their vessels. Governments are tightening restrictions on vessels and crew operating in their countries to protect their local economies. Swire Pacific Offshore commercial director Duncan Telfer highlighted how cabotage rules in southeast Asia are increasing the costs of operating anchor handlers and platform supply vessels (PSVs) in the region. National authorities in Malaysia, Indonesia, Myanmar, Thailand and India are tightening local content and national flag restrictions on vessels and crews. This is despite an uptick in offshore activity and potential demand for support vessels. As an example of offshore investment in the region, Capt Telfer said Thai national energy group PTTEP intends to spend US$3.1Bn on offshore projects in 2018. He highlighted the growing potential for more offshore vessel charters in India, where “there have been significant discoveries and BP with Reliance are investing US$6Bn in the R-Series deepwater project.” But there are “stringent cabotage rules” in India, which means it is difficult to operate without a local partner. In Africa there are also stringent cabotage

rules and potential for more offshore investment. For example, capital expenditure in Nigeria could total US$56.8Bn over the period to 2025. There are also plans for new projects in Angola, Ghana and Mozambique. Yet local content rules are also tightening in many African countries. These rules are becoming even tighter in the Middle East, where geopolitical issues have resurfaced, leading to vessel charter terminations and nationalisation of industry. National oil companies are able to terminate contracts or pressure vessel owners to cut rates, said Halul Offshore Services chief executive Vivek Seth. “It is difficult to get approvals to work in local markets,” he told delegates, adding that “markets are open to outsiders but strengthening towards cabotage regimes to protect local businesses. There is more in-country focus across the Middle East.” There is potential for more vessel charters in the Middle East as “exploration and production activity is picking up with Abu Dhabi, Qatar and Saudi Arabia remaining the biggest employers for offshore fleets,” explained Mr Seth. There are also technical restrictions to vessel chartering in the Middle East: charterers are requesting dynamic positioning class DP2 and vessels younger than 15 years old. “Saudi Arabia, the biggest market for offshore support vessels, requires that they be DP2, and is very demanding,” said Mr Seth. “National oil companies can put pressure on owners to reduce rates.”

Emerging markets: Offshore wind In the day’s final session, analysis covered the new markets that are opening, potentially offering business opportunities for offshore support interests. Partners from the global law firm Norton Rose Fulbright offered perspectives on seabed mining and offshore LNG, with Eleanor Martin saying that, although the practice of mining mineral-rich deposits is still in its exploration stage, it could result in the emergence of a new class of offshore mining vessel. Nick Prowse took a less optimistic view on the future of LNG, saying that, while the necessary technologies had been developed, the era of big, floating LNG factories had “taken a pause.” In spite of “lots and lots of spot trading,” he said “it is still not a particularly great future for the gas industry.” Perhaps the brightest spot in the discussion was 4C Offshore chief executive Chris Anderson’s review of the development of the offshore wind sector, which has seen marked growth in recent years and regional investments that will propel that growth forward over the coming decades. See the figures and analysis in the fact box titled Development in the offshore wind sector. OSJ

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1 1. Guidance Marine’s Dr Sasha Heriot presented the next chapter for laser position reference sensors 2. There is always lively interaction between the audience and the panels 3. Chairman of S D Standard Drilling Martin Nes made the case for the smaller, nimbler operator 4. UPTIME International’s Svein Ove Haugen up on the podium 5. Business relationships renewed during a networking break

7 8

6. Statoil’s Frida Eklöf Monstad responds to Anglo Eastern Group’s Douglas Lang 7. Seabrokers Offshore Market Analyst Paul Dear on North Sea prospects 8. Raptuous applause after another enlightening session

9. Fun and games. Halul Offshore Services’ Vivek Seth plays Catch Box 10. After a full day’s programme a well deserved drink 11. The industry’s most coverted awards on display 12. The Annual Offshore Support Journal Conference Dinner and Awards underway 13. Guests toast a successful day and an enjoyable evening ahead 14. From Left to Right: Riviera’s Edwin Lampert, Huisman’s Timon Ligterink and Bureau Veritas’ Yannis Calogeras 15. The evening’s award winners celebrate their triumph

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22 | MARINE SAFETY AWARD

Complacency is the biggest OSV challenge

omplacency among offshore vessel workers is the biggest safety challenge that the industry will come to face in the coming years. This is because new people will be introduced to the offshore industry as the sector steadily moves out of one of the worst downturns in its history. These views were expressed by Marine Safety Forum co-founder Steve Ferguson as he accepted the Offshore Support Journal Safety Award. His group won the award, which was sponsored by Vroon Offshore Services, as it celebrated its 20th anniversary and achievements in improving industry safety. Mr Ferguson said that the

Marine Safety Forum co-founder Steve Ferguson explains why lessons from the past need to be presented to a new generation of offshore vessel seafarers

global offshore support vessel sector will need to improve training and find a way to communicate past experiences to a new generation of vessel crews. “Our biggest challenge is complacency,” he said in a video interview, adding “particularly now as we are in the downturn and on the way up. There will be a big ingress of new people coming into the industry with

Steve Ferguson accepts the OSJ Safety Award and highlights challenges ahead

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no experience and no past knowledge of all the pitfalls that have hit us.” He hopes that the Marine Safety Forum’s new website, which has itself been delayed due to IT issues, will be a way to hand down these experiences to new seafarers. The Marine Safety Forum was original formed as the North Sea Marine Affinity Group in 1997. “Initially it was to try and reduce the number of safety meetings there were, as it was becoming far too onerous for shipowners at that time,” said Mr Ferguson. It then became much more of an institution for driving safety across the industry, firstly in northwest Europe, but now worldwide. A similar forum has been set up in the Australasian region, and Mr Ferguson said his organisation is looking to set up similar ones in Canada and Mexico. One of the biggest achievements for the forum is the generation of standard industry guidelines for operating offshore support vessels in all sectors of the North Sea. “Before that, there used to be separate rules for every region, and that was impossible for the crews to deal with,” said Mr Ferguson. This common standard is

recognised in the UK, Norway, Denmark and the Netherlands, which ensured that “everyone worked to those guidelines, which makes it simpler for those on board to work,” he explained. The Marine Safety Forum was also involved in creating industry guidelines for anchor handling in response to the tragic Bourbon Dolphin disaster in April 2007. This Ulstein A102 design anchorhandling tug supply vessel was towing semi-submersible drilling rig Transocean Rather in the area west of Shetland when it capsized with the loss of eight lives. The Bourbon Dolphin accident “rattled the whole industry,” and according to Mr Ferguson encouraged owners to appraise anchor-handling guidance. “There was a whole range of things that we became aware of before the final judgement that were wrong,” he said. “We put together six workgroups to deal with these lines of enquiry, and to develop industry guidelines to pre-empt anything that came from governments.” He said that authorities were pleased that industry guidance was produced and “that the legislation that evolved from that was quite small. That was a major achievement,” he commented. Mr Ferguson believes that anchor handling and general marine operations became much safer because of these guidelines. But, still, the lessons from the past need to be instructed to the new generation of offshore vessel seafarers. OSJ

“There will be a big ingress of new people coming into the industry with no experience and no past knowledge of all the pitfalls that have hit us.”

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SUPPORT VESSEL OF THE YEAR | 23

Maersk Master a master of the seas Maersk Master was named OSJ Vessel of the Year because of its unique towage capabilities, operational reliability and onboard safety

Peter Kragh Jacobsen (Maersk Supply Service): Clear objectives from the beginning

aersk Supply Service (MSS) newbuild anchorhandling vessel Maersk Master took home the Offshore Support Journal award, sponsored by DNV GL, for Vessel of the Year at the 2018 Offshore Support Journal Conference & Awards industry gala in London. Industry voting determined the winner. The award was collected by Maersk Supply Service chief of operations Claus Bachmann, Maersk Supply Service chief technical officer Peter Kragh Jacobsen, Salt Ship Design sales director Tor Henning Vestbøstad, and Kjersti Kleven, co-owner and chair of the board of the Norwegian shipbuilding group Kleven Verft Maritime.

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Mr Jacobsen, who represented Maersk Supply Service’s interests for the shipbuilding project, said he was happy with the final product. The vessel, delivered in 2017, is the first of six planned Starfish-class anchor handlers ordered by the company nearly four years prior. From the very beginning, we were very clear on our objectives and our vision: we wanted to build the best ship in the industry,” he said. “It had to be energy-efficient, it had to be versatile, and it had to be able to be deployed all over the globe. Furthermore, it would have to offer exclusive comfort to everyone on board, clients as well as crew. And, in short, I can say we got what we opted for.” Built for deepwater

operations, the Starfish vessels are 95 m long, with a beam of 25 m. They are equipped with a raft of innovative features including an anchorrecovery frame that simplifies operations over the stern roller, and a remotely operated deckhandling gantry crane. Unlike existing anchorhandling frames, which have a 90° operating angle, the RollsRoyce-built equipment on board Maersk Master and other Starfish-class vessels can be operated at a 126° angle to the deck by way of two hydraulic cylinders and a 1.68 m-diameter, free-rotating roller. Capable of operation in temperatures ranging from -20°C to 45°C, the 8.84 m wide, 7.99 m high recovery frame has a nominal towline tension capacity of 200 tonnes with a lateral force of 50 tonnes. The dynamic positioning class 2 vessel has an open deck area of more than 800 m², with an additional 102 m² of covered deck area. It comes equipped with a 450-tonne anchorhandling winch. Maersk Master has a deadweight of 4,500 tonnes, accommodation for 52 people and a work-class remotely operated vehicle in a hangar. The vessel has FiFi 1, Ice 1A classification and oil recovery capabilities. Powered by five mediumspeed engines with a total output of more than 23,000 bhp, the Starfish-class vessels have a fuel-efficient and flexible hybrid propulsion system and fixedpitch thrusters, a combination of features that is expected to provide high reliability, good fuel economy, low emissions and excellent stationkeeping capabilities. The company signed a newbuilding contract for six of the Starfish-class ships with

Kleven Maritime in Norway in 2014, just before a steep decline in oil prices. The downturn in the industry means Maersk does not need all of its high-spec anchor handlers as quickly as it had originally planned. “In the first Starfish-series vessels, we have got a unique vessel. Next time, however, we should factor in the decline in the industry. Maybe we should factor that in the contracts for the next series of vessels,” Mr Jacobsen said. The first two of the new class of anchor handlers, Maersk Master and Maersk Mariner, quickly found work. Maersk Supply Service reached agreement with Kleven shipyard to delay the build schedule on the remaining new vessels. Under the revised agreement, the as-yet unfinished Starfish anchor handlers will be delivered in 2018 and the beginning of 2019. “Maersk Master has already seen work from the North Sea to the Indian Ocean in different operations,” said Mr Bachmann, “and we hope for her to have a safe and prosperous journey, adding value to our customers, the industry, and Maersk Supply Services for many years to come.” OSJ

MAERSK MASTER PARTICULARS Owner: Maersk Supply Service Designer: Salt Ship Design Builder: Kleven Verft Year built: 2017 Deadweight: 4,500 tonnes Type: Starfish-class AHTS Length, oa: 95 m Beam: 25 m Total output: 23,000 bhp Towline tension: 200 tonnes

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24 | SHIPOWNER OF THE YEAR

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Global Marine: fighting fit and future focused After a busy 18 months, Global Marine Group’s engineering director said the firm had its sights firmly fixed on future growth

Martyn Drye, Engineering Director at Global Marine Group’s Global Marine Systems Limited accepts the award for Shipowner of the Year

aking home Offshore Support Journal’s 2018 Shipowner of the Year award, sponsored by Van Aalst Marine & Offshore, Martyn Drye had a message to impart in London: Global Marine has big plans. “For those of you who do not know us at Global Marine too well, you probably know us traditionally as a telecoms, cable, maintenance and installation business,” Mr Drye told the gathering at the annual Offshore Support Journal Conference & Awards. “We have gone, in the last 18 months, from being one company in telecoms to basically one group with three brands in Global Marine, CWind and Global Offshore. It’s been a fantastic 18

months, and we are really looking forward to how our group will grow over the next three to four years, where we hope to at least double our annual turnover,” he said. The 18-month journey began when Global Marine Group bought a majority interest in CWind Ltd, an offshore renewables specialist that had been involved in the construction and operation of 26 windfarms in the North Sea, Irish Sea and the Baltic. During the financial year preceding its sale, CWind had made profits of US$40.3M. The purchase included 18 crew transfer vessels (CTVs) (which were folded into Global Marine’s operations) along with 40 regular technicians who work throughout the year, and up to 60 more technicians who work in the summer months. Integrating such a sizable business operation came with its own set of challenges, according to Mr Drye. “We have learnt from our acquisition of CWind that integration is something that you need to work on. Supporting new businesses and helping them to develop costs money, and we have a leadership team and some shareholders that are prepared to do that,” he said. Deep pockets certainly help when a business has big ambitions, and Global Marine had pocketed US$137.1M in the year leading up to its first acquisition. Mr Drye said that over the last year or so, the new Global Marine Systems Ltd group has extended its contract offerings with three-year, five-year and seven-year contracts for its ships. The group has bought in a new cable-laying vessel, Recorder (formerly Maersk Recorder), which by early February 2018 already had 200 days of backlog for the year. “We are winning bigger and bigger contracts in the O&M sector in the renewables market, and that is a great area of growth for us as a business” he commented. More recently, Global Marine acquired Fugro’s subsea services business in a relatively highly publicised move. The group added further assets: new bulk carrier Global Symphony and a couple of state-of-the-art Q1400 trenching systems for cable burial. The group's most important acquisition, explained Mr Drye, is the people and the expertise. “We have gained a terrific team and a terrific track record. We have 25 new staff, led by Mike Daniel. He has a business now that, I think, will really move us forward, not only in renewables but also in oil and gas,” Mr Drye concluded. OSJ

“We have learnt from our acquisition of CWind that integration is something that you need to work on. Supporting new businesses and helping them to develop costs money, and we have a leadership team and some shareholders that are prepared to do that”

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INNOVATION OF THE YEAR | 25

Innovation solves deepwater lifting conundrum

Huisman won the OSJ Innovation of the Year award for its hybrid fibre rope crane and lifting system for subsea construction projects

uisman Equipment has solved the conundrum of how to bring the benefits of fibre rope to deepwater subsea lifting while tackling the thermal issues that come from active heave compensation. This Dutch group introduced the hybrid fibre rope system in 2017, and won a prestigious award for it in February 2018. This crane concept combines the weight and strength advantages of a fibre rope with heave compensation using conventional steel wire. Spooling of fibre rope is effected using Huisman’s traction winch and storage winch, while the active heave compensation is carried out on another winch. For this innovation, Huisman won the Offshore Support Journal Innovation of the Year award, which was sponsored by classification society Bureau Veritas. The innovation was chosen as the offshore industry’s most valuable one in 2017 because the judges expected it will have a significant impact on the design, build

INNOVATION FACT BOX What is it: Hybrid fibre rope crane and lifting system Developer: Huisman Equipment Introduced: November 2017 Innovation: Fibre rope for lifting/ steel wire for heave compensation Application: Deepwater subsea construction Size: 120 tonne and 200 tonne versions for knuckle cranes Size: 400 tonne and 600 tonne for hybrid boom crane Water depth capacity: up to 4,000 m R&D time: 10 years

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Timon Ligterink (Huisman): Ten years of research and development

and operational aspects of offshore support vessels. Huisman sales manager Timon Ligterink received the award, and told OSJ that it took 10 years of research and development to produce this innovation. “We have taken some time to come up with our answer for the fibro technology,” he said in a video interview. “Ten years of research and development went into the fibro, into the integration with the system, and into the sheaves and winches.” He explained that the innovation was to separate the heave compensation function from the deepwater lowering function. “In this way, we truly believe that our fibro crane can add value to subsea markets,” said Mr Ligterink. The research identified that fibre rope had the best lifetime performance for deepwater lifting applications. But Huisman realised that there would need to be significant active cooling on the crane when performing active heave compensation, on account of the thermal properties. During development testing, though, Huisman discovered that the actual thermal behaviour of fibre ropes in active heave compensation proved to be unreliable to predict and difficult to measure. It decided at that time that fibre rope could not be an essential part of a crane’s safety system, even if it was to be used for lifting. This is

why Huisman separated the active heave compensation function from the deepwater lifting element. “We are working on implementing the system into cranes now, and expect that this new type of lowering system will add value to the market,” Mr Ligterink said. So far, Huisman has four versions available for deepwater lifting systems. For traditional knuckle boom cranes, it has 120-tonne and 200-tonne versions. It has also introduced a hybrid boom crane with capacities of either 400 tonnes or 600 tonnes. This top-range version can operate in water depths of up to 4,000 m. More versions will be coming, said Mr Ligterink, who asked OSJ readers to “stay tuned” for another update on this technology. Other nominations included Barge Master for its motion compensation platform. This enables vessels to lift loads or transfer personnel when conditions would otherwise prevent them from doing so. Another nomination came from Abu Dhabi-based GMS and Dwellop, which jointly developed a well-intervention system that is on a cantilever. It was first installed on self-elevating support vessel GMS Evolution. Ulstein was nominated for its TTS Colibri standalone motion-compensated crane concept. It has groundbreaking antisway technology, which mitigates windinduced motions acting on a load. OSJ

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26 | ENVIRONMENTAL AWARD

EIDESVIK PSV SCOOPS ENVIRONMENTAL AWARD WÄRTSILÄ AND EIDESVIK OFFSHORE JOINTLY WON AN ENVIRONMENTAL AWARD FOR THE RETROFIT OF PSV VIKING PRINCESS WITH A NEW HYBRID PROPULSION SYSTEM

T Vermund Hjelland (Eidesvik) and Kristian Granberg (Wärtsilä): Could a joint hydrogen project be next?

VIKING PRINCESS PARTICULARS Owner: Eidesvik Offshore Type: VS489 design PSV Built: 2012 Operating nation: Norway Length oa: 89.6 m Draught: 7.6 m Cargo deck area: 1,050 m2 Gross tonnage: 5,381 tonnes Maximum speed: 16.5 knots Technology supplier: Wärtsilä Propulsion technology: 3 dual-fuel engines Batteries: Corvus Class: DNV GL

“Reducing the CO2 footprint from our activities”

he benefits of hybrid propulsion were highlighted by Offshore Support Journal as it awarded the Environmental Award to vessel owner Eidesvik Offshore and system supplier Wärtsilä. This prestigious award was given to the two companies for their devotion to reducing emissions on a platform supply vessel (PSV). Eidesvik’s vessel Viking Princess was returned to service in Norway following a period in a shipyard that saw it refitted with a hybrid power system from Wärtsilä. This is the first offshore support vessel in which batteries have been used to reduce the number of generators on board the ship. Both companies expected that the new Corvus energy-storage solution would improve engine efficiency, generate fuel savings and reduce greenhouse gas emissions. Eidesvik vice president for technology and development Vermund Hjelland told OSJ that Viking Princess is a culmination of up to 20 years of work by the Norwegian shipowner to improve its environmental performance by “reducing the CO2 footprint from our activities.” He also emphased that the people on board the ship were as important an aspect of the Viking Princess refit project as the hybrid technology was. He said Eidesvik’s seafarers had to have “the mindset so that we can bring out the best of the technology and get the benefits that we theoretically can get.” For Wärtsilä, the award is proof of the value of the technology it has been developing for a long time. There were, of course, challenges to overcome to get there. Wärtsilä project manager Kristian Granberg said the two main challenges in the Viking Princess retrofit project were installing “new technology, and the delivery time.” Viking Princess completed sea trials with the new hybrid energy-storage system and re-entered service with Eidesvik on 9 October 2017. Wärtsilä expects the use of the hybrid system will generate fuel savings of up to 30% for the PSV. This would mean CO2 emission reductions of 13-18%, depending on operational conditions and requirements. There are other operational benefits to Eidesvik. Energy-storage devices will enable engines on the PSV to operate at more optimal load, while the intervals between engine maintenance can be extended. Viking Princess now runs on a combination of power from a battery pack and three LNG-fuelled Wärtsilä engines – two 6L34DF rated 2,610 kW each, plus one 6L20DF rated at 1,056 kW. The Corvus-supplied batteries help balance energy generation to cover the demand peaks, resulting in a more stable load on the engines. A remote monitoring and operational advisory service from Wärtsilä supports the daily operation of the vessel, ensuring efficient and optimised operations. Eidesvik and Wärtsilä are looking at other environmental propulsion technology for PSVs. Mr Hjelland said: “The next thing we are working on together is hydrogen as fuel for ships.” He does not expect that this will be coming in the near term, but he expects hydrogen “could easily be a good choice further on.” OSJ

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SUBSEA INNOVATION AWARD | 27

Mike Meade (M3 Marine Group): Chinese-built Southern Star is a sophisticated dive support vessel

SOUTHERN STAR TOOK THE SUBSEA AWARD FOR BEING THE MOST ADVANCED IACSCLASSED DSV BUILT IN CHINA, AND FOR ITS WIDE-RANGING CAPABILITIES

SOUTHERN STAR PARTICULARS Vessel type: Diving support vessel Owner: Tasik Subsea Charterer: Fugro Built: 2017 Builder: Fujian Mawei Shipbuilding, China Class: ABS Flag: Marshall Islands Design: Focal Marine Length: 112 m Dynamic: DP3 Diving: 300 m-rated, 15-man saturation system Crane: 150-tonne SWL 3,000 m knuckleboom Engines: 4x ABB 2,500 kW diesel Thrusters: 2x Voith Schneider 2,500 kW, Rolls-Royce 2x bow tunnel thrusters, plus retractable azimuth thruster Service speed: 12 knots

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TASIK CLAIMS AWARD FOR UNIQUE DSV

asik Subsea won the Offshore Support Journal Subsea Award, which was sponsored by MAATS Tech, for its innovative new diving support vessel (DSV) Southern Star. This is the most advanced IACSclassed DSV built in China for export. It was built by Fujian Mawei Shipbuilding at its Culu Island shipyard in Fuzhou, and in June 2017 started a six-year bareboat charter with Fugro. Southern Star was designed by naval architect Focal Marine for inspection, maintenance and repair and installation of subsea umbilicals, flowlines and risers. Tasik said this vessel also supports light and medium construction, deepwater intervention, saturation and air dive support and operations with remotely operated vehicles (ROVs). Tasik Subsea is led by John Giddens, who sold Hallin Marine to Superior Energy Services in 2010. He is partnered by M3 Marine managing director Mike Meade in this Singapore-based venture. Southern Star is a 112 m vessel with dynamic positioning class 3 (DP3) and two moonpools. On board there is a 300 m-rated, 15-man saturation dive system with two self-propelled hyperbaric lifeboats and a 150-tonne crane. There is also a hangar for two deepwater, construction-class ROV units. On the deck is a SWL 3,000 m knuckleboom subsea crane with active heave compensation. There is also a helideck for fast transfer of crew and operating personnel, and accommodation for 120 people. An important aspect of the vessel's subsea capabilities is its DP3 with propulsion back-up. It has three independent enginerooms and a unique three-split redundancy concept for optimum DP capabilities. Tasik’s vessel can also be operated with a two-split redundancy concept for flexibility of operations with the power plant.

The ABS-classed vessel has an ABB-supplied diesel-electric propulsion system with four 2,500 kW diesel engines and a 1,100 kW generator on board. The Marshall Islands-flagged vessel has a pair of Voith Schneider 2,500 kW thrusters that provide additional capabilities including active roll compensation. They are complemented by Rolls-Royce bow thrusters, which include a pair of super-silent tunnel thrusters and a retractable azimuth thruster. All this gives 4,500 dwt Southern Star a service speed of 12 knots. It has 1,000 m2 of deck space, which is strengthened to 10 tonnes/m2. Southern Star is 96.60 m between perpendiculars, with a moulded beam of 24 m, moulded depth of 9 m and design draught of 6.5 m. The vessel bears the class notation ABS A1(E) Offshore Support Vessel, (DSV SAT, ROV Capable, CRC, SPS) ACC, ENVIRO, DPS-3, GP BWT, UWILD. Other nominations for this award included Maersk Supply Service for its subsea support vessel Maersk Installer. This was nominated because although it was purposebuilt for the subsea market, it has high levels of flexibility – which means it can undertake a wide range of work. Robert Gordon University’s decommissioning simulator was also nominated because it is the first training system of this type. It was built by the university in Aberdeen, Scotland, in collaboration with funding partners The Oil & Gas Technology Centre and KCA Deutag, and with technical support from Baker Hughes. IKM Subsea was also nominated for an ROV that can be remotely controlled from shore. It plans to remotely control up to three work-class ROVs and an observation ROV on Statoil’s Snorre B and Visund installations in the North Sea. OSJ

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

28 | LIFETIME ACHIEVEMENT AWARD

LIFETIME VIEW: ‘IN SPITE OF CHALLENGES,’ KJERSTI KLEVEN STILL BELIEVES IN SHIPBUILDING

orn on a shipyard and raised on a steady diet of shipbuilding business talk at the dinner table, 2018 Offshore Support Journal Lifetime Achievement Award winner Kjersti Kleven cut her teeth in shipping. Fifty years on, she has plenty to be positive about, even with all the challenges facing the sector today, she said. As the third-generation owner and chair of the board of Kleven Verft Maritime AS, the largest family run shipbuilding group in Norway, Ms Kleven operates two shipyards, employs 700 people and has high hopes for the future. The principal reason for her optimistic outlook is the technological advancement in an industry that is routinely described, even by its leaders, as risk-averse, slow moving and unwilling to change. The innovation she sees disrupting the old order of things is, she says, creating a merit-based market. “Why am I an optimist? Because of all the new technology that means we are competing now globally on innovation and operation, not

on low-cost labour,” Ms Kleven explained. Accepting the award for her lifetime of contribution to the sector, Ms Kleven warned that the race for survival in a tough business climate was not over. “As we have heard in all the seminars today, there are still challenges ahead for all of us in this room,” she said. “And I must say in spite of all the challenges, I’m a believer.” With the recent market shift as a backdrop for much of the discussion at the 2018 Offshore Support Journal Conference in London, Ms Kleven sits as a prime example of flexibility and clarity of thought and purpose being paramount in the new offshore landscape. The Kleven group embraced change in a way that not everyone in the sector has been willing or able to do. The formidable Ms Kleven ably steered the family business into new markets and new ways of doing business. Where others have preferred to outsource work to lower-cost

On Kjersti Kleven‘s watch the Kleven group diversified to mitigate the oil and gas downturn

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

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With a knack for predicting the next trend, Ms Kleven forecasts a new regional maritime agenda will drive new vessel demand

locales, Ms Kleven chose to think differently and repatriate work to her native Norway, believing that robotised, automated welding lines would lead to greater efficiencies than could be achieved by transporting blocks from abroad. The Kleven group now has operations in multiple new sectors including fish farming, cable laying and passenger vessels, relying on diversification to navigate through the downturn in oil and gas offshore. The seeds of this willingness to think differently, especially around organisational aspects of the shipbuilding industry, are revealed by Ms Kleven’s career trajectory. Trained as a sociologist specialising in organisational studies, she worked as a researcher for the Norwegian Institute for Labour and Social Research, as a human resources manager at Rolls-Royce, and as a project manager at the Nordvest Forum. Ms Kleven was appointed chair of SEA Europe in July 2017 and has served as a board member and chair of the Norwegian Association of Maritime Industries for seven years. She is on the boards of multiple companies and is a member of the standing Advisory Committee on Maritime Strategy chaired by the Norwegian Minister of Trade and Industry. She said she learned early on – growing up on a shipyard – to maintain a healthy respect for her family’s business competitors, and that trait has allowed her to better appreciate the outlook of Europe’s shipping industry, as she has encountered it in various roles directing and advising industry bodies. “These 18 active years I’ve had in the industry, I have really experienced the strengths of the Norwegian maritime cluster. But I think there is a growing recognition and also insight in the industry itself that we have a broader European maritime cluster that we need to care of,” Ms Kleven said. “I have worked for these industries at the local level and the national level, and now at the European level through SEA Europe. And I have learned to have great respect for my competitors, for the suppliers, for the whole cluster,” she said. Excluding shipowners, Ms Kleven said the maritime technology industries bring US$91Bn a year in economic value to the continent and employ well over half a million people. “I am a believer in shipbuilding in Europe, and I am a strong believer in all the maritime industries in Europe,” she said. Ms Kleven said the importance of the maritime cluster could not be overstated, and that the future of the European maritime industry

relied on its ability to adapt. What that means for its employees remains unclear, but the Kleven group’s move towards automation has come in response to market pressures rather than as a precursor. In a gentle but determined reminder to a room full of representatives who had spent a day discussing the challenges they faced, Ms Klevn used her lifetime of experience to succinctly summarise the situation. In spite of a glut of laid-up vessels, in spite of oil-supply constriction, in spite of low day rates, cutthroat competition and tightening requirements from funders, the industry will carry on. Business is competition, but win or lose, the market will survive as long as there is a reason for it to exist. “Shipbuilding has been doomed as a sunset enterprise many times. And yes, shipbuilding today is very different from the 1970s, it is very different from what it was when the Berlin Wall came down, and it is very different today from what it was in Europe before the financial crisis. But we are still here, and we are here to stay,” she said.

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Annual Offshore Support Journal Conference, Awards & Exhibition 2018

“Shipbuilding has been doomed as a sunset enterprise many times. It is very different today from what it was before the Berlin Wall came down and what it was before the financial crisis. But we are still here, and we are here to stay.”

Ms Kleven is determined to focus on the opportunities that exist and where future ones will come from. Even as Norway turns to transition away from long-term investments in oil and gas, Ms Kleven sees there will be a need for vessels to serve a new regional maritime agenda and a place for her company. “I am an optimist because the ocean is our most important resource, and more and more people recognise that, even the politicians. And when you are going to care for the ocean, or you are going to harvest the ocean, or explore the ocean or even enjoy it, you need ships. “You need sophisticated ships. And we have the maritime technology and skills needed for that,” she explained. OSJ

Topaz Energy and Marine CEO René Kofod-Olsen took home the Industry Leader Award sponsored by Uptime International for his trend-setting work in exploring new markets, deal making, innovation and safety

2018 Industry Leader René Kofod-Olsen Reinvent, says the man behind the wheel

hen Topaz Energy and Marine chief executive René Kofod-Olsen says that this market downturn is fundamentally different from all the rest, his tone conveys a sense both that he wants the market players to listen and that he has lived the market's ups and downs long enough to know what he is talking about. “I do not believe that this is only a cyclical crisis. This time around, there is also a structural element of the crisis. And I think the quicker the industry embraces that fact, change will come,” he said. While past crises have come and gone, with little change in approach from oil majors, Mr Kofod-Olsen said the same will not happen once this crisis has passed because the oil majors understand the

inevitable growth of renewables and the likelihood that new energy types will be discovered has altered the market landscape for good. “Oil majors are being disrupted, which means that for them to continue their reinvestment programmes and dividends, they need to continue being disciplined. “Therefore, for [shipping companies] to continue being relevant, I think we need to undertake more risk for the oil and gas companies. That means that we need to take more of the whole service portfolio than what, today, is happening. “The company that, today, owns and operates ships to perfection, is irrelevant in 10 years,” he predicted. This almost mantric belief in a shifting market is what led Mr Kofod-Olsen to move his company in the direction of

“The company that, today, owns and operates ships to perfection, is irrelevant in 10 years”

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

becoming a services provider. Success, as he and many others have said, can only come through a continued consolidation in the industry, but as the Topaz boss takes care to point out, it is not only consolidation among the shipowners, there must be consolidation across the services spectrum as well. “I think we are moving towards a life where oil majors will not have hundreds of marine advisers, hundreds of procurement officers,” he said, “they will demand a platform where they can come with their requirements.” And then, according to the Dane, companies will compete to deliver to oil majors’ specifications either through their own company’s diversified portfolio of services or through partnerships made on the bidding and contracting platform. Mr Kofod-Olsen also did not rule out acquisitions that would allow his company to gain a competitive advantage. “You cannot organically create a diversified portfolio, I think that would be challenging. There are people who are much better at doing what they do than what we would be able to achieve organically, so there you need to be able

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to achieve partnerships or you need to be able to acquire skills,” he said. “You need to take more risk, you need to allocate more capital to nonvessel acquisitions or investments,” he said. “And definitely it is a daunting task and definitely to be able to deliver those portfolio of services, you need to really believe that this is where you are able to take the company.” Mr Kofod-Olsen took home the Industry Leader Award sponsored by Uptime International at the 2018 Offshore Support Journal Conference & Awards in London for his trend-setting work in exploring new markets, deal making, innovation and safety, but he said he has helped his company to weather the most bearish of bear markets by prioritising production and development over exploration. He said that, while the conservative approach may not have afforded his company very high rates on a day-byday basis, it gave Topaz stability on their investments and clarity on their cash flows. “Running a big ship-owning company like Topaz that soon has 120 ships, you need to have visibility on your accounts. And that has assisted us in the downturn to never renege on any financial agreement,” he said. “In a bull market, people may have looked down on us because we didn’t get the same day rates as maybe some other formidable companies in the North Sea, but in a bear market, we did ok.” So where did Mr Kofod-Olsen develop the wherewithal and skills to guide a company through a crisis that saw it cut US$35M in costs off its ledgers? Having worked for one of the most successful shipping companies in the world, AP Møller Maersk, for almost two decades, Mr Kofod-Olsen said he had the good fortune to work across continents, and occasionally in some highly problematic situations. “I worked in some of the most organised and polished organisations, and I worked in organisations that sometimes were so savagely disorganised in ruthless places where, a couple of times, I actually thought that potentially my life was at stake,” he said. In retrospect, he said he has relied on three main principles to guide him through both great times and challenging times. These “robust beacons” are “a sense of very, very strong situational awareness, judgement and a good portion of empathy."

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OSJ INDUSTRY LEADER AWARD | 31

“I worked in organisations that sometimes were so savagely disorganised in ruthless places where, a couple of times, I actually thought that potentially my life was at stake”

“I believe if you dose those three very very diligently, there is not that much in life that you are not able to overcome,” he said. Edwin Lampert, head of content at Riviera Maritime Media, who presented Mr Kofod-Olsen with his award said “René is a worthy winner. In his roles at AP MøllerMærsk, Svitzer and latterly Topaz, he has set direction, built an inspiring vision and created something new. At the same time, he has used finely-honed management skills to guide the people and companies he has led to the right destination in a smooth and efficient way.” “We would also highlight the industry leadership he has shown in driving strategy, including through capital raising and restructuring. And we would emphasise his commitment to technology and the brave new world of digitisation. A topic he has spoken with real authority on as part of various leadership panels at OSJ conferences over the years.” Accepting his award, Mr KofodOlsen said the industry was faced with a choice, the same choice his company made: adapt and survive or die. “We as an industry … we have all had to navigate some prolonged high seas. We have all had to adapt to a brand new norm, and in many ways, the way we were structured coming into this crisis may not be the way we are structured coming out of this crisis,” he said. “We [at Topaz] have had to adapt, we have been through a transformation process. We regard ourselves more as a marine logistics company today, and we will continue to try to disrupt ourselves every day and to continue to deliver for our clients.” Mr Kofod-Olsen dedicated the award to the employees of Topaz Marine and Energy. “At the end of the day, this is for our people. They make the company that we work for. In Topaz, I believe we have earned our right of passage.” OSJ

René Kofod-Olsen René Kofod-Olsen has been the chief executive officer of Topaz Energy and Marine since 2012. Prior to joining Topaz, René’s career spanned 18 years in the marine industry with the AP Moller-Maersk Group and as chief executive of Svitzer Asia, Middle East & Africa where he was responsible for a fleet of 130 vessels operating in 17 countries. Mr Kofod-Olsen has significant leadership experience in several multi-cultural organisations and countries. He pursued an advanced management programme at Harvard Business School.

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

32 | OSJ WEEK IN NUMBERS

DELEGATE PROFILE SUMMARY

BREAKDOWN OF COUNTRIES United Kingdom

28%

Norway

Middle East

28%

These graphics illustrate the geographical breakdown of our conference attendees.

USA

Netherlands

16%

Asia

Rest of Europe

16% SHIPOWNER VERSUS MANUFACTURER

387

Shipowners/oil & gas majors

40%

industry attendees

Manufacturers/other

60%

hours of networking

DELEGATE JOB FUNCTION BREAKDOWN Senior

43%

Sales/Marketing

33%

Technical

Other

Annual Offshore Support Journal Conference, Awards & Exhibition 2018

15%

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Middle East Offshore Support Journal Conference

7-8 May 2018, Dubai

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The 5th Annual Middle East OSJ Conference in Dubai brings together leading shipowners, oil majors, shipbuilders, regulators, financiers and technology providers to discuss the opportunities and strategies for coping with a rapidly changing market.

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Join us in Dubai for the annual gathering of the Middle East’s Offshore Support industry and hear: • What is the demand outlook for OSVs to 2020? • ADNOC Offshore’s strategy and objectives towards the year 2030 • ARAMCO’s offshore plans and requirements • Dealing with terminations and contract renegotiations • Economics of stacking and reactivation of vessels • The level of vessel efficiency the market will require when it comes back • Shipowners perspectives on digitalisation and disruptive technology • Iran’s offshore oil and gas project: what is happening? • Financial strategies and mitigation of risk

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Book your place online today at www.osjmiddleeast.com/book-now or by contacting Rigzin Angdu on +65 6809 3198 or at rigzin.angdu@rivieramm.com

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