Demand for larger, more complex OSVs stays firm
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Sea Asia Newsletter · www.sea-asia.com Page 1 Issue 2 September 2014 Organised by 21-23 April 2015 Marina Bay Sands ® Singapore Demand for larger, more complex OSVs stays firm Larger and higher specification OSVs will dominate the offshore vessels sector to cater to demand from an increasing number of modern jack-up rigs entering the market, industry players have observed. Owners of the two common OSV types, PSVs and AHTS vessels, would find themselves trying to match the requirements of oil majors seeking larger and more complex vessels to work alongside their modern rigs, according to Sven Ziegler, head of offshore research at RS Platou. “There is a need for the right type of assets for those modern rigs. PSVs, for example, would need DP2 feature and firefighting equipment, hence larger units are preferred. On AHTS vessels, they also need to be dimensioned to work with modern jack-ups,” Ziegler told delegates at the Sea Asia Offshore Marine Forum, organised by Seatrade and Singapore Maritime Foundation, held in Singapore on 28-29 May 2014. “Smaller OSVs are likely to be marginalised,” he said, adding that oil companies focusing more on safety has in turn led to additional requirements for higher specification OSVs. PSVs with capacity of more than 4,000 dwt are considered large and capable of working in deepwater and harsher sea environments, while large AHTS vessels are more than 15,000 bhp in size. However, mid-sized AHTS vessels of 10,000-14,999 bhp are large enough to support the new generation of jack-ups, according to Duncan Telfer, commercial director of Swire Pacific Offshore (SPO). While the outlook for larger and more complex OSVs is anticipated to remain bright in the foreseeable future, players have also noted the rather huge orderbook backlog of OSVs that may pose a threat to the delicate market demand-supply equilibrium The order backlog for large PSVs is at more than 30% of the existing operating capacity while AHTS vessels of 5,000-6,000 bhp operating in shallow waters is seeing an order backlog of about 7% of existing operating capacity. The next Offshore Marine Forum will be held during Sea Asia 2015. Industry experts will once again lead panel discussions on topics such as demand drivers for offshore marine support vessels, balance between demand and supply as well as complex technological and even regulatory challenges. For more details on the conference outline, see page 2 of this newsletter. The above report from Lee Hong Liang was first published on 28 May 2014 on Seatrade Global www.seatrade-global.com. Sven Ziegler
Transcript of Demand for larger, more complex OSVs stays firm
Sea Asia Newsletter · www.sea-asia.com Page 1
Issue 2 September 2014
Organised by
21-23 April 2015 Marina Bay Sands®
Singapore
Demand for larger, more complex OSVs stays firmLarger and higher
specification OSVs will
dominate the offshore vessels
sector to cater to demand
from an increasing number of
modern jack-up rigs entering
the market, industry players
have observed.
Owners of the two common
OSV types, PSVs and AHTS
vessels, would find themselves trying
to match the requirements of oil majors
seeking larger and more complex vessels
to work alongside their modern rigs,
according to Sven Ziegler, head
of offshore research at RS
Platou.
“There is a need for the
right type of assets for those
modern rigs. PSVs, for example,
would need DP2 feature and
firefighting equipment, hence
larger units are preferred. On
AHTS vessels, they also need
to be dimensioned to work
with modern jack-ups,” Ziegler
told delegates at the Sea
Asia Offshore Marine Forum,
organised by Seatrade and
Singapore Maritime Foundation,
held in Singapore on 28-29 May
2014.
“Smaller OSVs are likely to be
marginalised,” he said, adding
that oil companies focusing
more on safety has in turn led to
additional requirements for higher
specification OSVs.
PSVs with capacity of more
than 4,000 dwt are considered large and
capable of working in deepwater and
harsher sea environments, while large
AHTS vessels are more than 15,000 bhp
in size. However, mid-sized AHTS vessels
of 10,000-14,999 bhp are large enough to
support the new generation of jack-ups,
according to Duncan Telfer, commercial
director of Swire Pacific Offshore (SPO).
While the outlook for larger and more
complex OSVs is anticipated to remain
bright in the foreseeable future, players
have also noted the rather huge orderbook
backlog of OSVs that may pose a threat
to the delicate market demand-supply
equilibrium
The order backlog for large PSVs is at
more than 30% of the existing operating
capacity while AHTS vessels of 5,000-6,000
bhp operating in shallow waters is seeing
an order backlog of about 7% of existing
operating capacity.
The next Offshore Marine Forum will be
held during Sea Asia 2015. Industry experts
will once again lead panel
discussions on topics such as
demand drivers for offshore
marine support vessels, balance
between demand and supply as
well as complex technological
and even regulatory challenges.
For more details on the
conference outline, see page 2
of this newsletter.
The above report from Lee Hong
Liang was first published on
28 May 2014 on Seatrade Global
www.seatrade-global.com.
Sven Ziegler
Sea Asia Newsletter · www.sea-asia.comPage 2
Conference OutlineVenue: Level 3 Begonia Room, Sands Expo and Convention Centre
Heading into its fifth edition, the Sea Asia 2015 conference, presented by the most influential and respected leaders in the industry, is firmly established as the leading forum for analysis, debate and discussions on key trends, opportunities and challenges facing the maritime and offshore industries today.
1000 – 1100 hrs
1100 – 1230 hrs
1230 – 1400 hrs
1400 – 1530 hrs
1530 – 1600 hrs
1600 – 1730 hrs
1730 – 1900 hrs
ModeratorTODD BENJAMIN, Journalist and Broadcaster
ModeratorTODD BENJAMIN, Journalist and Broadcaster
ModeratorJEREMY PENN, Chief Executive Officer,The Baltic Exchange
Welcome Coffee
SEA ASIA GLOBAL FORUM Sponsor
• The shale revolution and its transformational effect on the pattern of crude oil and gas trades• The future of Asia’s offshore industry against the background of falling oil prices• The re-alignment of trade in a post-recession world, and the growth of north/south and intra-regional cargo movements• How will the recent reductions in bunker fuel prices affect the way the industry operates?• Moves towards a more orderly relationship between supply and demand in major markets and rationalisation in shipbuilding capacity• Protectionism in shipping and offshore services and the escalation of demand for local content• Ship finance and the role of private equity• Sustainability and regulation for shipping: the Asian voice in world shipping affairs
SpeakersTOM BOARDLEY, Marine Director, Lloyd’s Register and Vice President, UK Chamber of ShippingCHRISTIAN CLAUSEN, President and Group Chief Executive Officer, Nordea BankKHALID HASHIM, Managing Director, Precious Shipping LtdANDREAS SOHMEN-PAO, Chairman, BW GroupS.S.TEO, Managing Director, Pacific International Lines (Pte) Ltd
Lunch (Held at Level 1 Exhibition Hall)
ASIAN VOICE IN WORLD SHIPPING: LINER• The impact of changes in the pattern of world trade on liner shipping and the continued growth in intra-Asian trades?• The forward order book and the accelerating pace of demolition, how will these factors influence the supply/demand balance?• The operating cost environment for liner operators and the impact of bigger ships and lower bunker costs on operating strategies• Hub and spoke operations and what increased transhipment activity means for the ports• Container shipping alliances and the outlook for further consolidation
SpeakersKENNETH GLENN, President, APL Co Pte LtdLARS MIKAEL JENSEN, Chief Executive Officer, Asia Pacific Region, Maersk LineMASAMICHI MOROOKA, Chairman, International Chamber of ShippingTAN CHONG MENG, Group Chief Executive Officer, PSA International Pte Ltd
Delegate Coffee Sponsor
ASIAN VOICE IN WORLD SHIPPING: BULK• China’s appetite for raw materials and what this may mean for the dry bulk business• The outlook for the 400,000dwt ‘Valemax’ class fleet• The state of the order book and the supply/demand outlook: is now a good time to order?• The case for consolidation in the dry bulk business
SpeakersPETER MALPAS, Group Research Director, Braemar ACM ShipbrokingJAMES MARSHALL, Chief Executive Officer, Berge Bulk Singapore Pte Ltd KLAUS NYBORG, Vice Chairman and Interim CEO, Dampskibsselskabet NORDEN A/SRAGHU RAGHUNATH, Vice Chairman, Noble Chartering LtdNIELS WAGE, Vice President, Marketing, Freight, Potash & Emissions, BHP Billiton Marketing Asia
Sea Asia Welcome Reception (Held at Level 1 Exhibition Hall) Sponsor
TUESDAY, 21 APRIL 2015
This programme may be subject to alterations and additions
Sea Asia Newsletter · www.sea-asia.com Page 3
0830 – 0930 hrs
0930 – 1000 hrs
1000 – 1200 hrs
1200 – 1400 hrs
1400 – 1530 hrs
1530 – 1600 hrs
Offshore Marine Breakfast (By Invitation Only. Held at Level 3 Rooms 3E and 3F)
Presenting Sponsor Sponsors
SpeakersLIM KIAN SOON, Head, Satellite, SingtelCAPT MIKE MEADE, Chief Executive Officer, M3 Marine Group Pte Ltd
Welcome Coffee
OFFSHORE MARINE FORUM: CHALLENGES Sponsor• The scale and nature of the manpower question for the offshore marine sector and how it can be answered• The impact of cabotage regimes across the region and the need for local content• The need for ever more technically sophisticated vessels and the role of Asian shipyards in their construction• The complex technological challenges of the move to deeper water and more hostile environments• The changing regulatory environment for offshore marine support
Keynote AddressKOJI SEKIMIZU, Secretary General, International Maritime Organization (IMO)
Speakers will includeNEIL GLENN, Managing Director, Swire Pacific Offshore Operations (Pte) Ltd
Lunch (Held at Level 1 Exhibition Hall)
OFFSHORE MARINE FORUM: THE STATE OF THE MARKET• How fluctuating oil prices and regional demand will affect Asia’s burgeoning offshore oil and gas business• The changing geography of exploration and production in Asia and around the world• The demand drivers for offshore marine support vessels and the balance between supply and demand• Finance for the offshore marine sector
Speakers will includeJASON WALDIE, Associate Director (Singapore), Douglas-Westwood
Delegate Coffee (Held at Level 1 Exhibition Hall)
WEDNESDAY, 22 APRIL 2015
THURSDAY, 23 APRIL 20150900 – 1030 hrs
1030 – 1100 hrs
1100 – 1230 hrs
1230 – 1430 hrs
1430 – 1630 hrs
SHIP FINANCE• The current climate for ship finance• The role of private equity in ship finance• Export credit, the state of the orderbook and shipyard capacity• How the Chinese banks’ relationship with the shipping industry is developing
SpeakersALAN HATTON, Chief Executive Officer, FSL Trust Management Pte Ltd CHRISTOS TSAKONAS, Head of Shipping, Offshore & Logistics, DNB AsiaYANG CHANG KUN, Managing Director, Shipping, ICBC Leasing
Delegate Coffee
LNG TRANSPORTATION• The impact of geo-politics and energy prices on gas trades and what they may mean for LNG carrier demand• Japan, China and India as factors in the expansion of demand for LNG in Asia• The shale revolution in the US and the prospects for the US as a major LNG exporter• Will the recent surge of newbuildings be absorbed by expanding demand?• The emergence of a spot market for LNG carriers in a more flexible market place
SpeakersLUO XIAOFENG, Director, China Classification Society (CCS) Wuhan Rules & Research InstituteSERGEY POPRAVKO, Managing Director, Unicom and Member of the Board, Sovcomflot GroupJORGE L QUIJANO, Chief Executive Officer, Panama Canal Authority
Lunch (Held at Level 1 Exhibition Hall)
NAVIGATING CHALLENGES: THE WAY FORWARD• Navigating the complex regulatory environment for the maritime sector• Green technology for the next generation of ships • The scale and nature of the human resources challenge: recruitment and retention• Training and education for the next generation of seafarers
SpeakersDATO’ JUDE P BENNY, Senior Partner, Joseph Tan Jude Benny LLPPHILIPPE DONCHE-GAY, Chairman, International Association of Classification Societies (IACS) andExecutive Vice President, Marine & Offshore Division, Bureau VeritasDAVID ROBERTS, Managing Director, Charles Taylor Mutual Management (Asia) Pte LtdCHRISTER SJÖDOFF, Group Vice President, Solutions, Gulf Agency Company LtdTHOMAS TIMLEN, Area Liaison Officer/General Manager, BIMCO Asia
Keynote AddressKOJI SEKIMIZU, Secretary General,International Maritime Organization (IMO)
ModeratorCAPT MICHAEL ELWERTDirector, Group Strategy,H&R Support, Thome Group of Companies
Sea Asia Newsletter · www.sea-asia.comPage 4
SEA ASIA TIMETABLE
E V E N T A T A G L A N C E
MONDAY20 APRIL 2015
1900 hrsSpeakers’ Dinner
TUESDAY21 APRIL 2015
0900 – 1030hrs Opening Ceremony
1000 – 1900hrs Exhibition Opening Hours
1100 – 1730hrs Sea Asia Conference
1730 – 1900hrs Sea Asia Welcome Reception
WEDNESDAY22 APRIL 2015
1000 – 1900hrsExhibition Opening Hours
1000 – 1530hrsSea Asia OffshoreMarine Forum
THURSDAY23 APRIL 2015
1000 – 1700hrs Exhibition Opening Hours
0900 – 1630hrs Sea Asia Conference
VISITOR PRE-REGISTRATION: Online registration will commence in
October 2014. Keep a look out for it and stand to win attractive prizes!
Sea Asia Newsletter · www.sea-asia.com Page 5
SEA ASIA 2015 EXHIBITORS
3R SolutionsABSAerotec Pte LtdAirbus Defence and SpaceAluproAMS Marine Pte LtdASRY Shipbuilding and Repair YardAssa Abloy Hospitality AS (VingCard Marine)Association of Singapore Marine IndustriesAtlas Marine Services Pte LtdBASS Software LtdBatt CablesBeng Hui Marine Electrical Pte LtdBesiktas ShipyardBH Global Corporation LimitedBureau Veritas Marine (Singapore) Pte LtdCan Traders and Services Pte LtdCCCMEChuanyuan Power Co LtdClassNKCodar (Pte) LimitedCoway Marine Services Pte LtdCrestchic (Asia-Pacific) Pte LtdCutech Solutions & Services Pte LtdDesan ShipyardDNV GLE.W. Liner Charts and Publications Pte LtdEpsco Asia Pacific Pte LtdEverluxFuji Automation Pte LtdGemak Gemi Insaat San ve Tic A.SGO Marine GroupGuangzhou Boyi Exhibition Co., LtdGulf Turbo Repair & ServicesHeatec Jietong Pte LtdHoneywell AnalyticsHuarun Dadong Dockyard Co., LtdHydro Group Asia Pte LtdIMS & TeamTec Pte LtdInfinite Security SolutionsInmarsat Global LtdInvertek Drives Far East Pte LtdIST Marine Service GroupJ.O. (M.E) Engineering L.L.CJason Electronics (Pte) LtdJebsen & Jessen OffshoreJeppesenJunma Services Pte LtdKawasaki Heavy Industries LtdKeppel Shipyard LimitedKluber Lubrication South East Asia Pte LtdKM Kinley Marketing Pte LtdKorean RegisterKVH Industries, IncKwong Soon Engineering Co (Pte) LtdLegero International GroupLink InstrumentationLK Valves Asia Pte LtdLloyd’s RegisterLukoil Marine Lubricants Ltd
Marin Teknikk ASMarlinkMEC Panama ShipyardMotion SmithMultiplex Control & Engineering Services Pte LtdNaroc Rope TechNautisk Forlag AS Singapore BranchNico InternationalNorthbridge Industrial Services Pte LtdPacific Engineering & Services Pte LtdPacific Integrated Logistics Pte LtdPALFINGER Marine Pte LtdPamarine Pte LtdPetroGulf MarinePiriou Singapore Pte LtdPower Electric Company Pte LtdPSA Corporation LtdPT BatamecQingdao Beihai Shipbuilding Heavy Industry Co,. LtdRaytheon Anschuetz Singapore Pte LtdRemitite Co., LtdRico Pte LtdRIQ Pte LtdRiviera Maritime MediaRMS Marine Service Company LtdRolls-RoyceRustibus Pte LtdSaifee Ship Spare Parts & Chandlers L.L.CSeacare Maritime Medical Centre Pte LtdSefine Shipyard IncSembcorp Marine LtdShipline Marine SurveysShipServSindex Refrigeration Pte LtdSingapore Maritime FoundationSingapore Shipping AssociationSoon Lian Hardware (Pte) LtdSt. Kitts & Nevis International Ship RegistryStone Marine Singapore Pte LtdStrategic Marine (S) Pte LtdSunRui Marine Environment Engineering Co. LtdSURF Subsea IncTechno Fibre (S) Pte LtdTEHO International Inc LtdTianjin Desail Machinery Equipment Co., LtdTradeWindsTransas Marine PacificTru-Marine Pte LtdTurbo Solutions Pte LtdUK Ship Register, Maritime & Coastguard AgencyUnimarine Pte LtdUnited Kingdom Hydrographic OfficeViking Engineering Pte LtdWartsila CorporationWeka Asia Pte LtdYong Choo Kui Shipyard Sdn BhdZ-Power Automation Pte LtdZamil Offshore
FEATURED EXHIBITORS
Lloyd’s Register is a leading marine classification society, helping ensure that internationally recognised safety and environmental standards are maintained at every stage of a ship’s life. But we are not just about class; through tailored consulting solutions we help our clients achieve the best possible performance from their fleets and operations.
PSA Singapore Terminals operates the world’s largest container tranship-ment hub, linking shippers to 600 ports globally. Consistently recognised by the shipping community as a standard- bearer of excellence in port operations, it was voted “Best Container Terminal (Asia)” for the 25th time at the 2014 Asian Freight and Supply Chain Awards.
Every day at sea, critical decisions are made which require total confidence in the information used. For over 200 years the United Kingdom Hydrographic Office, under the ADMIRALTY brand has provided mariners with accurate and reliable information to make the right decisions and is now used by nearly 70% of the ships trading internationally.
Stand No: B2-C01
Stand No: B2-G01
Stand No: B2-S21
* List is correct at time of printing
Exhibition stands and sponsorship opportunities still available!
CONTACT OUR SALES TEAM TODAy!
Sea Asia Newsletter · www.sea-asia.comPage 6
A HUB PORT FOR THE REGION
Singapore’s port remains one of the core reasons the island has developed as a major shipping hub. Located at the crossroads of the east
and west tradelanes Singapore has grown into a natural hub for a number of different sectors of shipping.
Dominating the shoreline next to the central business district are PSA’s Tanjong Pagar and Keppel Terminals. These are two of the four terminals that form the world’s largest transhipment hub, and second largest container port as a whole handling 32.24m teu out of the Singapore’s total throughput of 32.6m teu in 2013.
Changes are slowly afoot though the first berths of phase 3 of the massive Pasir Panjang Terminal, are due to come onstream this year. Come 2020 a new terminal out in the far west of the island in Tuas is scheduled to
start its first phase of operations. In 2027 the terminals closest to the city will shutdown for redevelopment as part of a long term plan to move all the country’s container handling to the far west of the island. Although Singapore has faced competition to its container port, particularly from neighbouring Malaysia, the increasing shift to ultra-large boxships on the Asia – Europe trade benefits it as a transhipment port and it has continued to grow.
Although Singapore is perhaps best known for its container port it has long been a major oil trading hub and port of call for tankers. This is something that the country is now trying to replicate with its newly opened LNG terminal, Singapore LNG on Jurong Island , which while having a primary aim of energy security is also seen as opportunity of creating an LNG trading hub.
“More than 20 companies have already
established or expanded their LNG desks in Singapore, with activities ranging from market research, trading, marketing, origination, operations and risk management functions. In addition, there are LNG service firms such as ship brokers, law firms and price reporting agencies growing their operations here to support the LNG industry,” S Iswaran, Minister Prime Minister’s Office, said at a conference in February.
“We hope to see more market players establish a presence in Singapore. This will not only support the growth of the domestic gas market, but will also allow Singapore to contribute to efforts to build deeper regional gas markets by serving as a trading and pricing hub for LNG.”
Tonnes of bunkers were sold in the
Port of Singapore last year
The total gross tonnage of ships calling the Port
of Singapore last year
Total gross tonnage on
the Singapore Registry of Ships
The volume of containers handled in
Singapore port in 2013
Total cargo throughput in
Singapore port in 2013
73.6m 2.33bn 32.6m teu
557.5mtonnes
42.5m
Singapore shipping at a glance
THE SINGAPORE STORy
This article was first published in the Seatrade 2014 Singapore Supplement.
Sea Asia Newsletter · www.sea-asia.com Page 7
Sea Asia is an Approved International Fair (AIF).This is an endorse-ment by the Singapore
Exhibition and Convention Bureau (SECB) attesting to the quality and international appeal of the event.
You will be assured of:• Reaching a significant number of regional and international trade visitors.
• Participating in an event that receives marketing support from the Singapore Tourism Board (STB) through its website, e-newsletters and press releases.
• Being eligible for Double Tax Deduction (DTD) if you are a Singapore-Registered company exhibiting in this event and not enjoying any tax relief under the Economic Expansion Incentives Act.
The Singapore Pavilion at Sea Asia 2015 is the largest to-date, covering 840 sqm of space at Basement 2 of the exhibition. This represents a growth of some 17% over its presence at Sea Asia 2013. 70% of the space has already been signed and confirmed by exhibitors who will be showcasing a wide variety of products and services.
Aerotec Pte Ltd B2-E15AMS Marine Pte Ltd B2-J16Association of Singapore Marine Industries
B2-H11
Atlas Marine Services Pte Ltd B2-G17Cutech Solutions & Services Pte Ltd
B2-G14
Fuji Automation Pte Ltd B2-F14Heatec Jietong Pte Ltd B2-F17Hydro Group Asia Pte Ltd B2-K13Invertek Drives Far East Pte Ltd B2-E11Jebsen & Jessen Offshore B2-J17Kluber Lubrication South East Asia Pte Ltd
B2-F18
KM Kinley Marketing Pte Ltd B2-E12Motion Smith B2-L16Multiplex Control & Engineering Services Pte Ltd
B2-E18
Pacific Engineering & Services Pte Ltd
B2-L11
Pacific Integrated Logistics Pte Ltd B2-E17Pamarine Pte Ltd B2-H17Seacare Maritime Medical Centre Pte Ltd
B2-J13
Singapore Maritime Foundation B2-H11Singapore Shipping Association B2-H11Soon Lian Hardware (Pte) Ltd B2-G18Stone Marine Singapore Pte Ltd B2-K17Strategic Marine (S) Pte Ltd B2-J18Techno Fibre (S) Pte Ltd B2-F15TEHO International Inc Ltd B2-J11Tru-Marine Pte Ltd B2-G11Viking Engineering Pte Ltd B2-F11
LIST OF SINGAPOREPAVILION EXHIBITORS
DID YOU KNOW ?
* List is correct at time of printing
Sea Asia Newsletter · www.sea-asia.comPage 8
CONTACT US TO DISCUSS yOUR PARTICIPATIONSouth East AsiaClara WongTel: +65 9780 6839Email: [email protected]
China/TaiwanLi XiaoliTel: +86 139 1772 7671Email: [email protected]
Hong KongVictor HalderTel: +852 2585 6172Email: [email protected]
Middle EastRichard JohnsonTel: +971 52 90 22971Email: [email protected]
Gaurav SokhiTel: +971 55 15 66805Email: [email protected]
Grant RobinsonTel: +971 52 90 22970Email: [email protected]
Middle East & IndiaCyrus CommissariatTel: +971 52 90 22969Email: [email protected]
Irene PintoTel: +971 4 324 5344Email: [email protected]
JapanChristopher EveUBM Japan Co LtdTel: +81 3 5296 1020Email: [email protected]
KoreaHogun ChaUBM Korea CorporationTel: +82 2 6715 5410Email: [email protected]
South AmericaChristophe CahenTel: +57 317 501 69 44Email: [email protected]
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