Offshore Support Journal Conference, Asia 2019
Improving vessel utilisation and efficiency
With the recent changes in oil prices, rig utilisation and a tightening in availability of high-specification vessels, is the Asian OSV market emerging strongly from the sustained downturn? Is the market now in good shape and is now the time to invest and take advantage of growth opportunities in the subsea, offshore construction and renewable sectors? The answer to these questions were discussed alongside many others in Singapore in September.
The Asian Offshore Support Journal conference is the largest and most influential event focused on the offshore support industry in Asia. The 2 day conference is a must attend for contractors, charterers, shipowners/operators/managers, shipbuilders, financiers and equipment suppliers. Join us and hear influential, insightful and informed senior executives from the industry address the opportunities, threats and challenges facing the sector.
The focus of the programme will be regional opportunities, utilisation, reactivation, vessel efficiency, restructuring, digitalisation and offshore wind.
Key Topics:
- Key market updates – Malaysia, Indonesia, Myanmar, Brunei, Thailand, Vietnam.
- Outlook for charter rates in 2020.
- Improving vessel utilisation.
- Reactivating vessels to support increasing activity in Asia.
- Strategies and technologies to improve vessel efficiency.
- Prospects for OSVs in the offshore wind industry.
- Comparison of restructuring schemes.
- Developments on walk-to-work vessels and access systems.
- IMCA DP session and workshop.
- Creating value and reducing costs through digitalising business processes.
Testimonials
"The conference was well crafted with most of the interesting topics. More environment topics must be covered in the future as the industry is going in that direction."
Pradeep Kumar Datar, Pacific Ocean Partners/Corvus Energy
"Extremely well planned event and excellent composition of all aspects of offshore."
Praveen Bajaj, ConocoPhillips
"Very good speakers and excellent networking."
Tor Widing, Fearnley Offshore Supply
"MOGSC is looking forward to continue participating in this great event and to share our related experience and updates."
Imran Azmi, Malaysian Oil & Gas Services Council (MOGSC)
"It was a very well organized event with a good selection of topics dealt with and an excellent mix of attendees."
Diana Leng, KS Drilling
"This years Asian OSJ Conferece, despite the industry being in the doldrums had an abundance of owners, brokers and vendors and the tone was generally more upbeat than in 2017."
Mike Meade, M3 Marine
"The AOSJ Conference is extremely useful and beneficial for us to understand the latest industry trends as well technology updates. It is the only event in the industry today that focuses on the Offshore Supply Vessels (OSV) sector. Everyone and anyone who is involved in the OSV industry should participate in the event."
Megat Zariman Abdul Rahim, Bumi Armada Berhad
Programme
Improving vessel utilisation and efficiency
DAY ONE – TUESDAY 17 SEPTEMBER 2019
09:00-09:50 MACGREGOR BREAKFAST BRIEFING – BY INVITATION ONLY
Disrupt or be disrupted: how digital capabilities can increase OSV earning potential, efficiency and overall profitability
08.15 Registration, breakfast and networking for MacGregor Breakfast Briefing
Moderator
Edwin Lampert, Head of Content, Riviera Maritime Media
Panellists:
Daniel Lundberg, Director, New Service Models, Digital & Business Transformation Director, MacGregor
Glenn McPhee, Offshore Engineering Services - General Manager, MMA Offshore Asia
Leong Seng Keat, CEO, Nam Cheong
Shubpreet Singh, Managing Director, OSM Ship Management, OSM Maritime Group
ASIAN OFFSHORE SUPPORT JOURNAL CONFERENCE
09.00 Registration, coffee and networking for Asian Offshore Support Journal Conference
10.00 Chairman’s welcome address
Edwin Lampert, Head of Content, Riviera Maritime Media
10.10 Platinum sponsor welcome address
Eric Griffin, Vice President for Offshore & High End Fishing and Offshore Energy, Inmarsat
SESSION 1: MARKET OUTLOOK
Analysing trends in the offshore oil and gas market and how oil prices impact OSV demand. This session will provide invaluable insights on how key players intend to improve vessel utilisation and take up opportunities in the deepwater, subsea and IRM sectors.
10.20 Market trends, vessels and orderbook update
- S & P activity, number of ships sold, 2nd hand price development.
- Scrapping of OSV´s and exit to other markets.
- Newbuildings – when will it come back.
- Charter rates – development.
- Utilization.
Tor Allen Widing, Managing Director, Fearnley Offshore Supply
10.40 The evolution of the Singapore Offshore Market – both sides of the story
- Opportunities in a struggling market.
- OSV auction sales – Singapore Focus.
- Newbuilding Rig Market – Singapore Focus.
Charlie Hockless, Head of Singapore, VesselsValue
10.55 Outlook and opportunities from the subsea and IRM vessel market
- Subsea asset map and utilisation.
- Emerging opportunities from light MPSVs to more sophisticated vessels.
- Asset utilisation and market strategy for MSVs and DSVs.
David Sheret, Executive Director, Archer Knight
11.10 Q&A
11.30 Networking coffee break in the exhibition area sponsored by MTU
SESSION 2: RESTRUCTURING UPDATE
Most of the world’s OSV owners are struggling with heavy debt. This session presents offshore shipping restructurings in US, Norway and southeast Asia and investigates how owners are surviving despite high debt levels.
Session Chair:
George Kypraios, Chief Executive, Yefira Consulting
12.10 Global financing and restructuring update
- Capital markets sentiment for the offshore sector.
- Availability of financing for the offshore sector: banks, bonds, equity.
- Restructuring impact on the industry and the competition.
- Analysis of various restructuring solutions.
Erik Stromso, Managing Partner/ CEO, Pareto Securities
12.30 Q&A
12.30-14.30 INMARSAT ROUNDTABLE – BY INVITATION ONLY
How will IoT and Digitalisation shape the OSV sector?
Moderator:
Edwin Lampert, Head of Content, Riviera Maritime Media
Speakers:
Eric Griffin, Vice President for Offshore & High End Fishing and Offshore Energy, Inmarsat
Audra Drablos, Sector Development Director, Inmarsat
12.40 Panel discussion: view from the top
- Current utilisation rates and charter rate trends.
- What to do with laid-up vessels and supply overhang.
- Bringing vessels back to life to support increasing demand.
- Trends in technology and the impact of external influences in the market.
- Key learnings from the past and what to do to survive.
Moderator:
Vivek Seth, Managing Director, Arga Energy Consulting, UAE
Panellists include:
Tom Fairclough, Commercial General Manager, MMA Offshore
Leong Seng Keat, CEO, Nam Cheong
Florent Kirchhoff, General Manager, Swire Pacific Offshore
Sugiman Layanto, President Director, Wintermar
13.20 Networking lunch in the exhibition area sponsored by Focal Marine & Offshore
SESSION 3: JOIN EITHER THE ‘REGIONAL ANALYSIS’ OR ‘IMPROVING EFFICIENCY FOR SUSTAINABILITY’ STREAM
The regional analysis stream (Stream 3A) will show the opportunities available in southeast Asia and how to overcome challenges accessing the increasing activity in this region. The improving efficiency for sustainability stream (Stream 3B) investigates value created through digitalisation. This session illustrates how smart technologies and using data improves the efficiency of vessel operations.
SESSION 3A: REGIONAL ANALYSIS
Session Chair: Edwin Lampert, Head of Content, Riviera Maritime Media
14.30 Malaysia
Megat Zariman Abdul Rahim, Vice President/Director - Offshore Marine Services, Bumi Armada Berhad 14.50 Updates on policy in Malaysia
Capt Imran Azmi, EXCO Member, The Malaysian Oil & Gas Services Council (MOGSC) 15.10 Indonesia, Myanmar, Brunei, Thailand and Vietnam
Gregory Brown, Associate Director - Offshore, Maritime Strategies International |
SESSION 3B: IMPROVING EFFICIENCY FOR SUSTAINABILITY Session Chair: Arnstein Eknes, Segment Director, Offshore Service Vessels, DNV GL
14.30 Digitalising work processes onboard vessels
Tonny Sørdal, Vice President QHSE, Olympic Subsea
14.50 Addressing cost challenges through simplification and innovation
Jan Sigurd Sørensen, VP Digital Systems, Kongsberg Maritime 15.10 Unlocking the potential of IoT for sustainable growth
Audra Drablos, Sector Development Director, Inmarsat |
15.30 Q&A
15.50 Networking break in the exhibition area sponsored by MTU
SESSION 4: JOIN EITHER THE ‘REACTIVATION AND RISK MANAGEMENT’ OR ‘NEW VESSEL TECHNOLOGIES’ STREAM
The reactivation and risk management stream (Stream 4A) will present how vessels get back to work after a period of lay-up and what to do when things go wrong on charters. The new vessel technologies stream (Stream 4B) will present the latest innovations for next-generation OSVs.
SESSION 4A: REACTIVATION AND RISK MANAGEMENT Session Chair: Edwin Lampert, Head of Content, Riviera Maritime Media
Douglas Lang, Managing Director, Anglo-Eastern Offshore
16.50-17.30 Panel discussion: When things go wrong in OSV and rig charters – making the best of a bad situation
Toby Stephens, Partner, HFW |
SESSION 4B: NEW VESSEL TECHNOLOGIES Session Chair: Arnstein Eknes, Segment Director, Offshore Service Vessels, DNV GL
16.50 Uptake of hybrid propulsion systems and battery-powered vessels
Ng Yih Ming, Senior Manager, Application Engineering Marine & Offshore, MTU Asia
17.10 LNG as marine fuel
Keith Yeo, Manager, Machinery Engineering, ABS |
17.30 Closing remarks by the session chairmen
Edwin Lampert, Head of Content, Riviera Maritime Media AND Arnstein Eknes, Segment Director, Offshore Service Vessels, DNV GL
17.40 End of conference followed by Drinks Reception sponsored by ABS
19.00 End of day one
DAY TWO – WEDNESDAY 18 SEPTEMBER 2019
08.00 Registration, coffee and networking
09.00 Chairman’s welcome address
Edwin Lampert, Head of Content, Riviera Maritime Media
SESSION 5: OPTIMISING VESSEL PERFORMANCE
In this session, offshore oil and gas players discuss their strategies on optimising vessel performance, safety and minimising costs.
09.10 Oil Major/ Oil Producer perspectives on vessel performance
- Understanding offshore marine charterer expectations from suppliers.
- How OSV owners can assist oil majors in providing top notch services while reducing cost.
- How the contractors can come together to ensure fuel savings and optimisation in this region.
Capt Hakeem Haron, Independent Marine Advisor to Oil Majors & Marine Contractors
09.30 Panel discussion: optimising vessel performance and lowering operational costs
- Strategies to improve vessel efficiency without compromising safety.
- Best practices and cost solutions.
- Approaches to minimising operational costs.
- Ways of being more competitive in the current market.
Nitesh Ranvah, CEO, 21 Knots Design and Consulting
Oskar Levander, SVP Concepts & Innovation, Integrated Solutions, Kongsberg Maritime
Shubpreet Singh, Managing Director, OSM Maritime Group
Capt Hakeem Haron, Independent Marine Advisor to Oil Majors & Marine Contractors
10.10 Networking coffee break in the exhibition area sponsored by Harvester Offshore
SESSION 6: WALK-TO-WORK
The latest developments in walk-to-work (W2W) systems that enable owners to minimise incidents and improve workability on offshore oil and gas projects.
10.50 Walk-to-work vessels and access systems
- What are the key trends in the walk-to-work vessel market?
- Cost benefits of using walk-to-work vessels.
- Safety and workability: how will this be improved to meet future demands in deeper waters and for developments in floating offshore wind projects?
- Innovation in offshore access systems to meet these demands.
Inger Louise Molver, Commercial Officer & Analyst, AHTS & PSV, Solstad Offshore
11.10 Innovative walk-to-work solutions for operators
- How W2W addresses operational challenges.
- W2W developments.
- Maintenance costs.
Richard Furlong, Executive General Manager Operations, MMA Offshore
11.30 Q&A
SESSION 7: OFFSHORE WIND AND RENEWABLES
This session provides the latest on the offshore wind projects in Taiwan, China and around the world. OSV owners who have ventured into the renewables sector will share experiences and challenges specific to the offshore wind market.
11.50 Offshore Wind market update in Asia and around the world
- What is the global pipeline for offshore wind projects?
- Growth forecasts for the short, medium and long-term.
- Offshore wind projects in operation in Taiwan.
- Offshore wind projects under construction in China.
Robert Liew, Principle Analyst, Asia-Pacific Energy Transition Practice, Wood Mackenzie
12.10 Panel discussion: growth and prospects for the offshore wind industry
- Innovative offshore wind vessels: technical and regulatory developments.
- Support requirements of offshore windfarm developers and owners.
- Competitive landscape and barriers to entry.
- How to gain access to opportunities in the offshore windfarm industry.
Panellists include:
Dr Srikanth Narasimalu, Program Director (Renewables) & Senior Scientist, Energy Research Institute at Nanyang Technological University
Liming Qiao, Asia Director, Global Wind Energy Council (GWEC)
Hassan Basma, Founder and CEO, HBA Offshore
Mark A. Hutchinson, VP, Head of Power & Renewables Consulting, APAC, Wood Mackenzie
12.50 Networking lunch in the exhibition area sponsored by Vanuatu Maritime Services
SESSION 8: IMCA - DEALING WITH DP ASSURANCE ISSUES
Learn about the latest IMCA initiatives from IMCA technical advisers and committee members and participate in a workshop focusing on improving DP assurance.
14.00 IMCA DP stationkeeping reporting scheme
- The scheme and how it works.
- Essential information to include when reporting an event.
- Feedback methods and communicating with key DP personnel.
- Common concerns raised from DP stationkeeping events.
- Growth of the scheme.
Capt Andy Goldsmith, Technical Adviser, IMCA
14.20 IMCA DP practitioner accreditation scheme
- Scheme development, including why it needed to be introduced.
- Details of the scheme, including accreditation categories.
- The current situation regarding applications.
- Looking towards the future.
Joey Fisher, Marine DP Committee member, IMCA and M3 Marine
14.40 Guidelines for developing and conducting DP annual trials programmes – IMCA M 190
- History of IMCA M 190 including the 2017 revision.
- The debate covering incremental and remote DP trials.
- Changes in the current revision incorporating the requirements of IMO MSC.1/Circ.1580 – Guide-lines for vessels and units with dynamic positioning systems plus incremental/remote DP trials.
Graeme Reid, Technical Adviser, IMCA
15.00 Chariman’s concluding remarks and end of the conference
15.10 Networking break in the exhibition area sponsored by Harvester Offshore
15.40-17.00 IMCA Workshop: improving DP assurance initiatives
Delegates will have 20 minutes to discuss each question and 10 minutes to hear summary responses from the moderators of each roundtable.
Providing good feedback to the industry
- Present examples of well and poorly completed station keeping reports.
- Provide tips for accurately reporting incidents.
- Identify the lessons that can be learned from reports.
What are the challenges of meeting the latest revision of M190?
- Help to understand the measures introduced in the latest revision.
How will advanced technology impact the DP annual trials programme in the future?
- Identify what changes might be needed to M 190 in the future.
Moderators:
Edwin Lampert, Head of Content, Riviera Maritime Media
Capt Andy Goldsmith, Technical Adviser, IMCA
Joey Fisher, Marine DP Committee member, IMCA and M3 Marine
Graeme Reid, Technical Adviser, IMCA
17.10 Concluding remarks by the chairman
Edwin Lampert, Head of Content, Riviera Maritime Media
17.20 End of workshop
*Programme is subject to change/amendments
Who Attended
Shipowners/operators/oil majors/managers:
ADNOC OSM Ship Management |
Pacific Radiance Penguin International Petronas POSH Semco PSA Marine PT Wintermar Offshore Marine SB Submarine Systems Sea-Good Shell Eastern Trading Solstad Offshore Surya Nautika Swire Pacific Offshore Operations Swire Seabed Thome Offshore Management Vallianz Offshore Marine Vroon Offshore Services Viridian Maritime Wintermar |
Other attending companies:
21 Knots Design & Operations Kennedy Marr Offshore |
Kongsberg Maritime |
Venue
Marina Bay Sands Expo and Convention Centre
Located in the heart of Singapore’s city centre; a mere 20-minute taxi ride from Changi Airport; and walking distance to the Central Business District. Spread over 5 levels, it is the largest, greenest and most versatile exhibition and meeting venue in Singapore. More than 40,000 hotel rooms are located within a 10-minute walk.
Marina Bay Sands Expo and Convention Centre
Level 4 Simpor 4812-13 / 4912-13 (conference)
Level 4 Simpor 4811 / 4911 (exhibition and networking)
10 Bayfront Avenue
Singapore 018956
t: +65 6688 8868
Transportation:
Taxi from airport: approximately 20 minutes, $25 SGD
Some recommended hotels in the area:
A 5* hotel located opposite the Marina Bay Sands Expo and Convention Centre. Please call the reservations team on: +65 6688 8888 and book without delay to avoid disappointment.
www.marinabaysands.com
Located off Bras Basah Road, a 5* hotel approx. 5 minutes drive from Marina Bay Sands Expo and Convention Centre.
www.carltonhotel.sg
Located off Bras Basah Road, a 4* hotel approx. 5 minutes drive from Marina Bay Sands Expo and Convention Centre.
www.royalqueens.com.sg
Located in Orchard Road, a 4* hotel approx. 15 minutes drive to Marina Bay Sands Expo and Convention Centre.
www.millenniumhotels.com/en/singapore/orchard-hotel-singapore
Located out of the city in Fort Canning Park, a 5* hotel approx. 15 minutes drive to Marina Bay Sands Expo and Convention Centre.
www.hotelfortcanningsingapore.com
Minutes from Singapore’s central business and shopping districts, Universal Studios Singapore and Sentosa’s attractions, a 5* hotel approx 20 minutes drive to Marina Bay Sands Expo and Convention Centre.
www.sentosa.amarahotels.com
Local attractions:
Marina Bay
Asian Civilisations Museum
Singapore Flyer
Esplanade - Theatres on the Bay
Merlion Park
Gardens by the Bay