WorldHorizon Looking Ahead - BW Group
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2 03 0 1 6 WorldHorizon Q U A R T E R LY M A G A Z I N E O F T H E B W G R O U P MCI (P) 038/11/2016 Looking Ahead
Editorial Publisher For further information, BW Group please contact: Responsible Editor BW Group Nick Fell 10 Pasir Panjang Road #18-01 Mapletree Business City Managing Editor Singapore 117438 Lisa Lim + 65 6337 2133 lisa.lim@bwmaritime.com Editorial Team Arathi Menon Kate Langstrøm Christina Chu Contributions From Anders Bohm Ashok Krishnan Christian Bonfils Dennis Hansen Ivy Yap Gabriella Annabel Richardson Kamlla Moestue Rostad Kei Ikeda Knut-Helge Knutsen Lars Pedersen Lavji Mistry Marita Sandvoll Melanie Lew Miriam V. Basco Mukesh Sharan Pamela Su Sean Warr Serge Schwalenstocker Shivas Kapoor Surajit Chanda Yngvil Asheim Zhihui Seah Design & Production Lancer Design Pte Ltd
WorldHorizon Contents 03/2016 04 CHAIRMAN’S MESSAGE 12 ENHANCING THE WORLD’S LARGEST VLGC FLEET BW LPG has invested in two newbuilding programmes with premier South Korean yards, HHI and DSME 14 BUNKER TROOPERS The BW bunkering team spend countless hours making sure vessels have sufficient bunkers for their voyages 18 14 IN THE SPOTLIGHT 18 WRITING HISTORY GLOBAL BW World Horizon speaks to Tina Revsbech, BW Pacific’s CEO 06 COMMITMENT TO OPEN COMMUNICATION BW continues to engage officers and crew globally 20 BW GROUP FLEET 08 CATCHING ATTENTION BW hosts undergraduates from Yale-NUS College onboard BW Catcher 16 21 AROUND THE WORLD 10 KEEPING THE PROPELLER TURNING BW Fleet Management’s LPG team in FEATURE 25 BW CROSSWORD Oslo has its sight on continued safety in 16 LEAVING GIANT FOOTPRINTS operations Captain Lavji Mistry, President of BW’s India Office, retires after 13 years of stellar service 26 SPECIAL THANKS TO...
World Horizon Issue 03/2016 5 M any stories have been written for maritime companies in Singapore; On the capital front, we are investing about Japan’s experience with the combination by Japan’s main three where the right opportunities arise – we deflation. Even now, over operators of their container operations – have now bought 8 dry bulk vessels, 20 years later, the country is these are signs that reality is sinking in and and contracted a small number of LNG struggling to break free from the grip of action is being taken to clean up. and crude oil vessels. We are working on declining prices. consolidation, and recently launched an We will enter the last leg of this down- offer for Aurora LPG. We have contracted Global shipping seems to be having a cycle when shipyard capacity is reduced our latest FSRU to Pakistan and an LNG similar experience. In 2008, the asset in earnest, owners hold back from new carrier to Repsol. BW Offshore is taking bubble burst, with ship prices falling by a orders, and there is a more significant steps to employ its available assets, third or more. A new supertanker fell from level of scrapping. Scrapping ships will following the successful refinancing over $150 million to about $95 million. From be accompanied by more defaults and the summer. And our balance sheet is still there, prices tried to rise, supported by loan writedowns because scrap value healthy. low interest rates and hopes for improved will often be lower than book value and freight rates. But this year they have begun debt value. So the tough decisions may So while the industry still has plenty to to sink again, recently being offered at take longer than the industry needs. worry about at a macro level, we still about $85 million. Dry bulk ships have sunk But it will eventually happen because have plenty to do in building a stronger even more in percentage terms, product the alternative is a continuation of low company for the years to come. We are tankers are back to post-crisis lows, offshore freight rates and losses until companies thankful to our colleagues and business vessels can be bought for a song. default anyway. Earlier catalysts could partners for their ongoing efforts and come in the form of rising interest rates support in the face of strong headwinds. It is of course difficult to keep writing bad or significant investments required to news quarter after quarter, year after year. meet new legislation, such as ballast That is the unfortunate consequence of a water management or emissions control deflationary environment brought about by standards. excess capacity - there is simply nowhere to hide when the value of the industry’s Rather than sitting still and wringing our assets keeps falling year after year. hands over this, we are taking action Sincerely, to position ourselves for the eventual Andreas Sohmen-Pao How long will this go on? In some ways, recovery. Our operational improvement Chairman we are finally seeing the capitulation that project PI-16 is well under way. We are is necessary to get markets back on their streamlining where we can, while also feet. A container line default and shipyard welcoming some capable new team closures in Korea; debt restructurings members in our various group companies.
6 Global BW World Horizon Issue 03/2016 Commitment to Open Communication BW continues to engage officers and crew globally
World Horizon Issue 03/2016 Global BW 7 W ith a 5,000-strong pool of proud to have crew from Nigeria, China, seafaring colleagues to manage Myanmar, Latvia, Romania and Singapore globally, BW places strong onboard. emphasis on maintaining open channels of communication and developing Commitment to Communication their professional competence. Apart from Regardless of nationality, BW values all regular newsletters and vessel visits from seafarers, and regularly runs Officers’ shore staff, a key channel of communication Conferences as one way to keep seafarers takes the form of Officers’ Conferences in touch with broader Company matters. which are held five to six times a year in The fourth Conference for the year was the Philippines, India, Norway and China. held in September in Wuhan, China, where For officers, such conferences are valuable about 10 officers and representatives opportunities to understand the larger from crewing agency Sinocrew were in context of their daily operations onboard. attendance and were taken through an The few days spent onshore on business intensive itinerary of briefings, updates are filled with training and feedback and training. BW has close to 100 Chinese sessions, company financial and strategic crew onboard vessels, and the crewing updates, briefings on the latest initiatives department looks to expand the numbers. and projects, refreshers on important corporate policies such as anti-bribery, Says Shivas Kapoor, Senior Manager discussions on safety and vetting statistics, Manning and Head of Global Training, and manning updates. “Training is only effective if it promotes Learning. I hope that through attendance Global Business, Diverse Crew at such conferences, our Officers are Shipping is a truly global business, and encouraged to put in their best effort the many nationalities of seafarers while onboard, and continue to learn worldwide reflect this diversity. According and strive for Zero Harm and professional to the Philippine Overseas Employment development”. Administration (POEA), the Philippines has been the world’s main supplier of Lars Pedersen, Management Director of BW seafarers since 1987. In a 2016 article Fleet Management and Head of Norway by the Maritime Executive, however, it Office says, “Our seafaring colleagues are was reported that the latest five-year an important part of the company. They run Baltic and International Maritime Council/ our vessels well, and help ensure that we International Chamber of Shipping deliver energy to world markets safely and (BIMCO/ICS) Manpower Report indicates efficiently. We value their expertise, and that China may have overtaken the spend time and resources to organize such Philippines as the largest single source of conferences around the world so that we seafarers qualified for international trade, can reach out to them in a meaningful and although the Philippines is still the largest productive manner. I hope all who have source of ratings. attended these conferences have managed to implement what they have learnt, and The make-up of BW’s pool of seafarers I wish those who are scheduled to attend largely mirrors global statistics – the upcoming conferences safe travels, and a majority of our seafarers are from the fruitful time.” Philippines and India, and we also have a number of senior crew members who Two more conferences will be held before are from traditional seafaring nations such the close of the year, in Manila and as Norway, the UK and Russia. BW is also Mumbai.
8 Global BW World Horizon Issue 03/2016 Catching Attention BW hosts undergraduates from Yale-NUS College onboard BW Catcher B W hosted 21 first-year students to touch, smell, and see the construction from the Class of 2020 as well as of the BW Catcher, enter ports and watch faculty members from Yale-NUS the caissons going in at Tuas, and met College during their week-long experts at ReCAAP and the Singapore “Learning Across Boundaries” programme Shipping Association. The students are in on “Singapore’s Shipping and Maritime awe of the scale and have an exceptional Experience”. Jointly organised by the perspective on the importance of shipping Maritime Singapore Connect Office and to Singapore’s future identity and in the BW Group, and supported by the College’s infrastructure of its past.” Centre for International and Professional Experience (CIPE), students and faculty Regina Lim, Senior Manager, Maritime members were brought through a lecture Singapore Connect Office (a unit under titled “Shipping 101”, where they were the Singapore Maritime Foundation) says, given an introduction to the history and “The opportunity for us to plan a week- importance of the shipping industry, as long programme was great because we well as insights into the commercial, could give these students insights on environmental, safety and security issues the exciting career opportunities in the impacting the industry today. Delivering maritime industry. The Shipping 101 session, this programme were four of BW’s in-house for example, helped them to understand experts – Nick Fell, General Counsel and the business perspective and various job SVP Corporate Services; Lim Hong-Liong, roles.” Pamela Su, HR Assistant Manager, Senior Manager, Strategy and Corporate BW Group, says, “Despite its importance to Development; Jon Birkholm, VP Commercial our economy, shipping does not frequently and Operations BW VLCC; and Captain Geoff come up as the top-of-mind career option Pearson, Head of Fleet Security. Theory was for undergraduates in Singapore. This was supplemented with a visit onboard BW a valuable opportunity for BW Group to Catcher, an impressive Floating Production reach out to the younger generation, and Storage and Offloading (FPSO) unit currently show them the fascinating world that is the in drydock at Keppel Shipyard. maritime industry.” Dr Nancy Gleason, Senior Lecturer in FPSO BW Catcher’s time in Singapore is Global Affairs and Associate Director of drawing to a close, as the team behind her the Centre for Teaching and Learning at construction prepares her to leave Keppel Yale-NUS College, says “The students and Shipyard for the Catcher oil field in the UK faculty gained an extraordinary amount of North Sea in the second quarter of 2017, knowledge and hands-on understanding of and for her to receive first oil in the third the maritime industry. … [T]he students got quarter of 2017.
10 Global BW World Horizon Issue 03/2016 Keeping the Propeller Turning BW Fleet Management’s LPG team in Oslo has its sight on continued safety in operations B W LPG is the world’s largest VLGC WH: What is the mandate of your continuously to push our performance, to owner and operator, by number of team, and what do you hope to give better service and to better prepare VLGCs and by LPG carrying capacity. achieve? for the future. This constant search for What does it take to keep such a KHK: Our mandate is to create value for improvement is possible only because of large fleet operating seamlessly? World the owners and shareholders of BW LPG. a dedicated team that is eager to move Horizon speaks with Knut-Helge Knutsen My team and I provide service to BW LPG, forward and is dissatisfied with yesterday’s (Fleet Manager, Head of LPG, BW Fleet and we make sure we are focused on our solutions. The team takes pride in delivering Management) to understand more. customer, i.e. BW LPG, and that we deliver solid work and thinking long term. excellent service to them. In doing so, we World Horizon (WH): Tell us a little are also building the BW brand, as well as WH: Tell us about the safety campaign about the team managing the world’s our reputation as a responsible and safe that your team is working on. largest fleet of VLGCs. ship owner and operator. The BW brand KHK: Zero Harm is always on top of our Knut-Helge Knutsen (KHK): The does translate to a market advantage agenda, and sometimes it can be easy technical LPG team in Oslo consists of eight which we can utilize. to become complacent. It is important to Technical Superintendents, two Electrical address this and ensure that we all strive Superintendents, one Team Secretary, one The common mission for the LPG team in for improvement so as not to lose the good Technical Manager and I. The team has a Oslo is to “keep the propeller turning”. At momentum that we have in ensuring Zero good mix of people with strong operational the same time we have to monitor costs Harm to people, the environment, our cargo experience in the field, as well as skills in order to stay competitive. The reduction and assets. There are processes in place to from different disciplines. They are a very in the cost base in the past couple of respond rapidly to incidents on board vessels, dynamic team who face and welcome new years clearly shows that we are moving which involves securing quick overviews of challenges every day. in the right direction. The team works any incident by teleconferences with vessels.
World Horizon Issue 03/2016 Global BW 11 WH: What are the challenges WH: Your team oversees the safety WH: Anything you would like to say to and opportunities you see in this aspects of the world’s largest VLGC our readers? campaign? fleet. What are critical skills one must KHK: This year has been very hectic for the KHK: BW already has a very strong possess to do his or her job well? team, and I would like to thank my fellow safety culture and we must continue to KHK: In addition to a strong team members and also colleagues whom develop this culture. With many new understanding of technical, LPG-specific we work with closely for their energy recruits in our fleet, it is important that issues especially in relation to cargo and support. For example, we received we take good care of these newcomers operations, it is also important to have the last two newbuildings in the series and support a seamless integration with a good understanding of the business. of eight from Hyundai Heavy Industries the rest of our crew. Having a real passion for safety is a (HHI) earlier this spring; we have prepared definite advantage in this industry too. eight vessels for new managers, with It is in everyone’s interest to prevent Safety then becomes a natural part four already transferred; we had eight accidents from happening and teamwork of your daily work, and you will be a dry-dockings this year, with two in China makes sure we all stay safe together. positive influence on the rest of the (first time for BW LPG vessels), fleet-wide The best way to identify and implement team. Being a supportive team member, upgrades to our equipment onboard; and correct initiatives is to have close and pushing everyone to succeed in their job also regular onboard visits, with the record open dialogue between vessels and onshore and onboard is also critical. so far being five vessels visited on one office. This builds trust within the team trip. We will continue to keep the propeller for even better cooperation. This is the turning, and hope for everyone’s continued only way forward. support in our aim to have flawless and safe operations for all our vessels.
12 Global BW World Horizon Issue 03/2016 Enhancing the World’s Largest VLGC Fleet BW LPG has invested in two newbuilding programmes with premier South Korean yards, HHI and DSME A s the newbuilding programmes business partners, customers and financiers Ørjan Halvorsen, Kurt Markussen, near completion this year, we and of course distinguished guests who Sumeet S. Bhullar and Bae Hyun Choe take a closer look at the work and blessed BW Magellan, BW Malacca, acting as lead superintendents. The people involved in delivering Very BW Mindoro and BW Messina as the strong teamwork between BW, DSME and Large Gas Carriers (VLGCs) newbuildings respective Godmothers to the four vessels Lloyd’s Register (LR) personnel enabled that have joined BW LPG’s fleet since 2014. – Ms. Victoire Boudet, Operator from the construction of these vessels to meet Geogas; Ms. Lee King Lan, Vice President high safety standards and have excellent Naming of DSME Newbuildings at OCBC; Ms. Barbara Behrends-Troost, fuel economies. Since the project In 2016 BW LPG named two VLGC Director, KFW-IPEX Bank; and Ms. Caroline commenced in 2015, this project has newbuildings from Hyundai Heavy Hahn, wife of Mr. Rasmus Bach Nielsen, seen approximately 6,500 man days of Industries (HHI) and four VLGC Global Head of Wet Freight, Trafigura. work by 105 BW crew and personnel. newbuildings from Daewoo Shipbuilding and Marine Engineering (DSME). Fuel Efficient and Eco-friendly The eight 84,000 cbm newbuildings from Celebrations for BW LPG’s second Newbuildings HHI are similar in type and build. The shipnaming ceremony in 2016 was The delivery of these vessels is the newbuilding programme with HHI started scheduled for 20 October, where the culmination of many months of work out with just two VLGC newbuildings four newly built VLGCs were named BW which began with concept and design, but in 2014, grew to a programme of Magellan, BW Malacca, BW Mindoro and and has been executed with the eight VLGC newbuildings. Since the BW Messina after famous straits in the collaboration of many individuals within project commenced in 2013, it has world. In attendance were some of our key the site team led by Stig Solheim and with approximately seen 13,500 man days of
World Horizon Issue 03/2016 Global BW 13 In attendance were BW LPG’s CEO, Mr Martin Ackermann, CFO, Ms Elaine Ong and Senior Vice President, Commercial, Ms Niels Rigault. Guests of honour included, Mr Rasmus Bach Nielsen, Global Head of Wet Freight, Trafigura and his wife Ms Caroline Thomsen; Ms Victoire Boudet, LPG Trader, Geogas and her husband Mr D’avout D’auerstaedt, Ms Lee King Lan, Vice President, Oversea-China Banking Corporation and Ms Barbara Behrends-Troost, Director of Maritime Industries, KFW IPEX- Bank, DSME’s Senior Executive Vice President Mr Sung-Geun Lee. work by 150 BW crew and personnel. BW LPG has two VLGC newbuildings to Led by Per Seljeseth and Andrew Nunn, be delivered in 2020. BW LPG’s vision Approx 10 mn tons and with Tore Holmen and Bae Hyun is to be the global leader in maritime Choe as lead superintendents, the strong LPG and these newbuildings are relations between BW, HHI and DNV-GL part of the Company’s fleet renewal ensured that BW’s high standards were initiatives that will enhance its market of LPG carried in 2016 YTD adhered to. The first VLGC newbuilding leading position and enable BW LPG from HHI, BW Aries, was delivered in to enhance its global coverage and Avg 3.4 Port Calls November 2014, while the remaining provide flexible and reliable services five, BW Carina, BW Gemini, BW Leo, to its customers worldwide. While BW Libra and BW Orion were delivered these vessels are being delivered throughout 2015. The final two into an increasingly volatile shipping per day Worldwide newbuildings, BW Tucana and BW Volans market, BW LPG believes there are were delivered earlier this year. years of anticipated growth in LPG 150 US Port Calls export volumes and is committed to Diverse Presence Across the World delivering clean energy globally. These With these newbuildings, BW LPG will high spec, fuel efficient, eco-friendly own and operate 45 vessels, comprising newbuildings will enable the Company in FY 2015 33 owned VLGCs, seven chartered-in to do just that while reducing its global VLGCs and five owned LGCs. In addition, carbon footprint.
14 Global BW World Horizon Issue 03/2016 Bunker Troopers The BW bunkering team spend countless hours making sure vessels have sufficient bunkers for their voyages. Contributed by Sean Warr Bunkers as Fuel for Vessels from crude oil through distillation and department evaluates when to procure For the uninitiated, fuel for vessels is cracking processes. Alternative bunkers fuel required by the vessel against the known as bunkers. Vessels have large include Liquefied Natural Gas (LNG) which volatile crude market. engines which burn fuel and produce is slowly gaining ground ahead of the power. Bunkering is the process in global sulphur cap of 0.50% by 2020, Market indicators such as technical which bunkers are loaded into a vessel’s according to MARPOL. analysis, sentiments and fundamentals are bunker tanks. Bunkers are predominately taken into consideration prior to purchase. supplied by bunker barges and Bunker Troopers BW bunker purchases are executed under occasionally via truck or pipe at terminal. The bunker department at BW Group strict internal protocols and all stems are comprises Melanie Lew and Sean Warr benchmarked against market indices. The A long time ago, vessel bunkers were who both look after bunker procurement, bunker team is constantly on the lookout coal stored in steamships. These days, operations and post bunker matters for pricing mechanisms and optionality bunkers are predominately fuel derived such as quality and quantity. The bunker which would improve purchases.
World Horizon Issue 03/2016 Global BW 15 over time and give inaccurate readings; as well as the perennial issue of entrained air or trapped air in the system which affects readings. These errors can be better managed with MFMs. Mass Flow Meters (MFMs) According to the Maritime and Port Authority of Singapore (MPA), the MFM is not a recent technology, with the first Industrial Patent for the MFM dating back A Question of Measurement to the 1950s. It is widely used in many As one can imagine, when a large vessel industries, including Oil and Gas, and is involved, a large quantity of bunker is Chemical industry. The MFM operates on required to keep the vessel operating. the Coriolis principle which measures the The amount of bunkers transferred from oscillation frequency (ie twisting) of the a bunker barge to the vessel then takes measuring tubes in the meter. The sensors, on importance, especially when disputes at the inlet and outlet ends, register arise when the amount discharged from the resultant phase shift in the tube’s the barge, and the amount received by the oscillation geometry and compute the rate vessel does not tally. of mass flow. Conventional bunkering operations The MPA will implement mandatory MFM Once bunkering has been arranged it is involve manual or physical sounding bunkering operations on Intermediate Fuel the responsibility of the bunker team to determine the quantity of bunker Oil in Singapore starting 1 January 2017. to liaise with relevant parties such as supplied to receiving vessels. Increasingly, This has placed Singapore in the spotlight bunker surveyor, vessel operator, bunker Coriolis meters or Mass Flow Meters and sets a good example for many ports suppliers/traders and agents. The bunker (MFMs) are an alternative solution to to follow. The bunker department supports team is available round the clock where existing volumetric flow meters (also this move by the MPA, but maintains the it facilitates and mitigates any operational called positive displacement meters) and position that MFM systems can still be challenges which might arise. An example physical, manual measurements (where a compromised, and so system-checks and of such an issue would be the difference bunker surveyor measures the quantity of fail-safes are required. Says Billy Chiu, SVP, of bunker quantity on the receiving vessel fuel transferred through a dip-stick method “The bunkering department is a young and against the barge delivered figure, or an and look-up tables). dynamic team, with heavy responsibilities off-spec delivery. on its shoulders. They are however well One can imagine the errors which can supported by the rest of the Operations It is mandatory during every post-bunker arise and quickly compound, giving rise team and BW Fleet Management, who delivery to document and provide to large errors during calculations. Factors all provide them with technical and feedback on fuel quality, which is then which affect accurate measurements operational advice. I am proud of what the collated and quality checked. Should include incorrect temperature and density team does, and I am also proud to support the delivery fail to make an acceptable readings during calculations; the skill the MPA’s latest initiative to help ensure standard against standard deviation, claims of the surveyor taking measurements; a more transparent bunkering industry in will be made without any prejudice. moving parts which can degrade or clog Singapore.”
16 Feature World Horizon Issue 03/2016 Leaving Giant Footprints Captain Lavji Mistry, President of BW’s India Office, retires after 13 years of stellar service
World Horizon Issue 03/2016 Feature 17 “Our procedures, practices and culture that we have instilled in the organisation will allow us to continue on the path of growth and success.” A larger than life presence in the WH: Looking back, what were the WH: What is your hope for your India Office, Captain Lavji Mistry key challenges and achievements successor? has held a sure and steady hand made under your leadership? LM: It is not only my hope but also my at the helm for over 13 years. LM: One of the key challenges that I firm belief that under the leadership of World Horizon speaks with the man who is faced as soon as I joined the company Captain Mukesh Sharan and with the looking forward to smelling the roses post- was to combine the manning offices assistance of Deepu Kishinchandani, our retirement. of the erstwhile Bergesen and World- Office in Mumbai will continue to deliver Wide companies into an integrated excellent manning services to our owners World Horizon (WH): You are retiring BW manning office in India. I think we and principals. Our procedures, practices after more than a decade as President managed to merge our operations quite and culture that we have instilled in the of the BW India office. Can you tell us effectively within a short period of time. organisation will allow us to continue on about your career trajectory and how The other challenge was to establish the path of growth and success. you assumed this role? a corporate entity for our India Branch Captain Lavji Mistry (LM): I started my Office and to fulfil all the requirements of WH: What are your plans after retiring? sea-going career in 1970 when I joined the Government of India in this respect. LM: I intend to travel and spend more the Shipping Corporation of India as a deck Under my stewardship our office acquired time with my family, especially with my cadet. I got my first command as Master the Recruitment and Placement Service grandchildren in USA. I have a number on an Ore-Bulk-Oil (OBO), MV Bhaskara in License (RPSL) and obtained ISO and MLC of other activities in which I am already 1979. I joined Mobil Shipping Company Compliance Certification from DNV-GL. involved like Sea Scouting, sailing and Ltd, London, in 1985 and continued to sail We have also made a good name for BW hiking and I will be able to devote more as a Master in their fleet up to December in the manning industry in India as a fair time to these activities. One cannot foresee 1990. Thereafter I started my shore based- and honest employer which lives by its what the future will bring to us and I am career in 1991 as the Fleet Personnel values. As a result of this seafarers come therefore prepared to take things as they Manager in Mobil Shipping Company. I to us as their first employer of choice. come in the future without making too was then promoted to General Manager many plans at this stage. and Executive Representative in 1997 and became the Marine Representative in the World Horizon wishes our Captain and Scout Persian Gulf Region for ExxonMobil Oil many, many years of happy and healthy Corporation in 2002. I finally joined World- retirement. Wide Shipping in 2003 as their General Manager in the India Liaison Office and have been serving with BW since to-date.
18 In The Spotlight World Horizon Issue 03/2016 Writing History World Horizon speaks to Tina Revsbech, BW Pacific’s CEO
World Horizon Issue 03/2016 In The Spotlight 19 “The foundation in BW Pacific is strong, coming from many years of history at the BW Group level. The people in BW Pacific are our greatest assets and building on this history and foundation, I want us to collectively reach for the stars.” World Horizon (WH): Tell us a little WH: What is your impression so far, of WH: What will you strive to achieve in about your educational and career BW Pacific? your role? history. TR: BW Pacific is in many ways a company TR: The foundation in BW Pacific is strong, Tina Revsbech (TR): My father tells in its infancy. The company has been coming from many years of history at the me I have been brought up to respect functioning for one year and in that time, BW Group level. The people in BW Pacific other people, to be curious and to be new offices have been set up and so many are our greatest assets and building on independent. I guess this is where my great new people from many different companies this history and foundation, I want us to passion for traveling comes from. Twenty- have joined. I am impressed by the collectively reach for the stars. I want a long five years ago, I took a job that allowed me people, and the sense of community and line of people standing outside our offices to work abroad. I had no idea what shipping togetherness that has already formed. BW in Singapore, Copenhagen and Houston, was, but I knew that it would take me to is a fantastic name in the shipping industry knocking on our doors trying to get in, as far-off places and teach me about the world and it has been possible to project this this is the best product tanker company in and the people in it. I have since then lived image to the market for BW Pacific. the world. Because we are best at customer in London, Singapore, Houston, Lausanne, service, we deliver the best results, we are The Hague and of course Copenhagen. This means that when I visit customers, half the best at teamwork, and because we are the job is already done for me. I only have the best at having fun. Apart from my curiosity and independence, to explain who we are in relation to the BW also a key driver in my life is the wish to Group, but not what we are; which is a first- WH: Tell us a little known fact about constantly increase my knowledge. I want class tanker owner - they already know this. yourself. to learn a new thing every day. It does not TR: In my computer at home is a book that matter if it something at work, quantum WH: What do you consider a vital skill I have written a few years back. It is 700+ physics or to cook. in your role? pages of crime fiction. I doubt anybody TR: Picking one, I would say “shipping will ever read it, but I am proud of the Finally whatever I do, I make sure it is skill”. It is a specialist role and it is vital achievement. The learning was: don’t quit something I am passionate about. These to understand shipping at its core i.e. your day job. three “rules” have taken me from 15 years the commercial, financial, technical and at Maersk, where I learned about shipping, operational aspects of the industry including to a full time MBA in Switzerland where I its inherently cyclical nature. learned that nothing beats experience. At Shell I learned what leadership looks like at it’s very best and at TORM I learned to implement what I learned at Maersk and Shell to weather financial hardship. This has taken me to BW Pacific because I am passionate about the tanker industry- time will tell what I learn here.
20 BW Group Fleet World Horizon Issue 03/2016 BW GROUP FLEET: 169 VESSELS Dry Bulk Carriers No. of vessels: 8 Year of construction: 2010-2016 As of 4 November 2016 Average age: 4 Cargo carrying capacity: 61,000-82,500 DWT Areas of operation: Worldwide Very Large Gas Carriers Large Gas Carriers LNG Carriers & Floating Storage and Regasification Units No. of vessels: 42 No. of vessels: 5 No. of vessels: 16 Year of construction: 1990-2016 Year of construction: 1991-2003 Year of construction: 2003-2015 Average age: 9.1 Average age: 18.2 Average age: 8.4 Cargo carrying capacity: 78,000-84,000 CBM Cargo carrying capacity: 58,050 CBM Cargo carrying capacity: 138,000-170,000 CBM Areas of operation: Worldwide Areas of operation: Worldwide Areas of operation: Worldwide Very Large Crude Carriers Long Range 1 Product Medium Range Product Tankers (LR1) Tankers (MR) No. of vessels: 10 No. of vessels: 17 No. of vessels: 22 Year of construction: 2000-2012 Year of construction: 2004-2010 Year of construction: 2013-2015 Average age: 10.4 Average age: 7.8 Average age: 1.6 Cargo carrying capacity: 298,600-320,000 DWT Cargo carrying capacity: 72,800-76,600 DWT Cargo carrying capacity: 49,999 DWT Areas of operation: Worldwide Areas of operation: Worldwide Areas of operation: Worldwide Offshore Fleet Chemical Tankers Newbuildings No. of vessels: 17 No. of vessels: 7 Very Large Crude Carriers: 2 Year of construction: 2002-2012 Year of construction: 1997-2016 Very Large Gas Carriers: 2 Areas of operation: North and South Average age: 8.7 Floating Storage & Regasification Unit: 2 America, Europe, Asia Pacific, Africa Cargo carrying capacity: 19,400-22,000 CBM Liquified Natural Gas Carriers: 3 Areas of operation: Worldwide Chemical Tankers: 8 LR1 Tankers: 4 MR Tankers: 4 TOTAL: 25
World Horizon Issue 03/2016 Around the World 21 Around 1. Hosting a Visitor BW welcomed Heidi Fredly, Advokatfullmektig (Associate) from Nordisk’s Legal Services to the the Singapore office for a week, and hosted her onboard Medium Range Product Tanker BW Eagle during her time with us. 2. World First Aid Trained Each year, a select group of colleagues are sent for First Aid and CPR training. All smiles in class, and all left with valuable skills one hopes never to use but well prepared if needed. 1 2
22 Around the World World Horizon Issue 03/2016 3. 4. Celebrating 30 years 50th STS for BW Singapore WH congratulates Captain FSRU BW Singapore celebrates Lamden on completing 30 another milestone onboard – years of service with BW! Here, clocking its 50th ship-to-ship Captain Lamden is pictured transfer at the Port of Ain onboard VLCC BW Ulan, with Sokhna, Egypt. some members of his crew, and from L-R Shivas Kapoor (Senior Manager, Manning and Head of Global Training), Kapil Berry (Fleet Manager) and Nalini Torres (Crewing Manager, Team Lead). 3 4
World Horizon Issue 03/2016 Around the World 23 5. BW Catcher: Progress in Pictures Stunning images of BW Catcher’s Fore Terra Block (FTB) under construction at Samkang M&T in Korea, and Hull Mating at Keppel Shipyard in Singapore. 5
24 Around the World World Horizon Issue 03/2016 6. 7. Sunrise onboard BW Acorn Meeting of the Bulk Carriers Christian Bonfils spent a stint BW Acorn and BW Barley onboard Dry Bulk Carrier BW meet at the Miraflores Locks, Acorn for a trip from Grenaa Panama Canal. to Stockholm onboard the BW Acorn, and sends this 8. beautiful picture of sunrise at Synergy Group the Great Belt. Celebrates a Decade BW congratulates Synergy Group on ten years of excellent ship management services. 6 7 8
World Horizon Issue 03/2016 BW Crossword 25 BW Welcome to the BW Crossword. This puzzle consists of a mix of cryptic and CROSSWORD traditional clues all having a maritime or BW-themed answer. Open to all readers. (Some lateral thinking is required.) Contest rules: 1 • Please submit a scanned copy of your entry to 2 3 lisa.lim@bwmaritime.com by 16 December 2016, 1800h SGT 4 5 (Singapore Time) with your full name, email address and a 6 contactable number on the top right hand corner of the page. 7 8 9 10 • Three complete and correct 11 entries chosen from a hat will receive a limited edition BW 12 Moleskine notebook. • Winners will be notified via email. Answers will be 13 revealed in the next edition of World Horizon. 14 15 16 17 18 19 20 21 22 23 24 Across Down 4. Involuntarily touching the ground (7) 1. World’s largest LPG exporter 2016 (3) 5. World’s largest LPG importer 2016 (5) 2. Rescue from loss at sea (7) 10. Sails like a ship, sits like a terminal (4) 3. 1000kg (6) 11. Second in command (9) 5. Seafarer’s home whilst at sea (5) 12. Prevents collision (6) 6. Abandon ship! (8) 13. Process by which crude oil is broken down (8) 7. Removes sulphur from ships’ exhaust gases (7) 14. Contract between owner and charterer (12) 8. Provides hotel services on board (7) 18. Amount of time allowed for a voyage charter (7) 9. When laytime is exceeded, ___________ occurs (9) 19. Width of a vessel at its widest point (4) 10. Owner’s remuneration for carrying cargo (7) 20. Slows the drift of a ship (6) 15. Maritime law (10) 21. Loading fuel oil from ashore (9) 16. Window to the outside world (8) 22. Limits use of older vessels, sets new standards (6) 17. Provides stability (7) 23. The commander (7) 24. High quality, modern and green (9) Created by Gabriella Annabel Richardson on TheTeachersCorner.net Crossword Puzzle Generator
26 Special Thanks World Horizon Issue 03/2016 Special Mascarinas Ruben Darve, Oiler Rolf Kristian Johansen, Chief Engineer Steinar Mokkelbost, Chief Engineer Sandoval Teodoro Torres, Chief Cook Thanks December Fgutierrez Arnel Satioquia, Able Seaman Ledesma Edwin Hiponia, Cargo Engineer Urpiano Almario Cariaso, 2nd Cook Bandoy Edwin Nanol, 3rd Engineer to... Lislelid Arild, OIM Leif Arild Olsen, Chief Engineer 20 October Saquian Joey Mudanza, Chief Officer De Los Reyes Jeffrey Casio, Chief Officer Years Abuel Donald Villanueva, Chief Officer Firme John Nealfred Elefane, Chief Engineer Burtanog Vicente Jr. Yucor, 2nd Engineer Arcallo Charlie Juayong, Bosun Cortez Reynaldo Mendoza, Engine Fitter Carl Krogh Arnet, Chief Executive Officer, BW Offshore November Cometa Edgardo Maalihan, Cargo Engineer Santillan Restituto Siacor, Bosun Rutagines Herminigildo Penaojas, Engine Fitter Monte Rick Duhaylungsod, Gp Marine 35 October Alcomendras Melosito Geraldizo, Bosun Jan Yngvar Kolstø, OIM Tunacao Jaime Maquizo, Oiler Gerd-Ulrich Kønigstein, Chief Engineer Years December Per Håkon Antonsen, OIM Kambol Lok (Golden Alpha), Account and Rick Duhaylungsod Monte, Gp Marine Administration Manager Towers Christopher Ian, Chief Engineer Jonies Thomas William, Master 30 October Simon Dale Atkinson, Master September Nigel Philip Davis, Chief Engineer Bay Adelio Atienza, Able Seaman Years Leslie Summers Clark, 2nd Engineer Regachuelo Noue Nilo, Pumpman Jala Joel Maghuyop, Oiler December Baltazar Dennis Duco, Able Seaman Colaco Julius Paul Leo, E & I Supervisor Paul Stephen Meredith, 2nd Engineer Singh Bondili Rajender, OIM 15 October Diamos Lee Rosalejos, Able Seaman 25 October Tolentino Joseph Abela, Able Seaman Belleno Lino Cavan, 2nd Officer Years Plaza Delfin Taganas, Engine Fitter Bobier Romeo Manibale, Engine Fitter Diamos Lee Rosalejos, Able Seaman Years Yngve Jacobsen, Manager Business Control Tolentino Joseph Abela, Able Seaman Plaza Delfin Taganas, Engine Fitter November Oosmany Iqbal, 2nd Officer Tupas Reynaldo Pacot, Able Seaman Pitchiah Fernando Arockia Kallis Bruno, MSM Javier Melquiades Somera, Bosun Fernandes Felson Felicity, Reefer Man Peralta Felicisimo Vinuya, Engine Fitter Kannamkulam Sajeendran, Bosun Mariano Demetrio Avendano, Able Seaman Anthony Patrick Sudeer, Bosun Baldev Singh Dhanoa, Maintenance Engineer Kumar Ajay, 2nd Engineer Ernst Ola Walderhaug, OIM Fernandes Felipe Santos, Cook
World Horizon Issue 03/2016 Special Thanks 27 Puthiya Valappil Veedu Vinod Kumar, Cook November Mundayadan Devaraj, Able Seaman Caoile Ronnie Ranas, Able Seaman Alexandre Rodrigues, GP Maintenance Capadosa Angelo Guieb, 3rd Officer Sanchez Jonathan Masion, Engine Fitter November Tronco Julius Concepcion, Able Seaman Gantes Jasper Jay Yap, Able Seaman Ganesan Arulmani, ICSS Engineer Torres Mark Anthony Alga, Reefer Man Eugene Claude Coetzee, Production Superintendent Caberte Melonito Magallanes, 2nd Cook Oumar Coulibaly, Senior Production Operator Lerio Andrew, Able Seaman Danilo Navarro Ladan, Electrician Gimoros Richardly Alejay, Able Seaman Paolo Villamor Lim, GP Marine Duero Jade Desingano, Able Seaman Blaise Auguste Mboumba, Painter David Gomes, Chief Engineer Elpidio Jr. Eran Rojas, GP Marine John Thomas, Bosun Sergejs Senins, Senior Production Operator Bhullar Sumeet Singh, Chief Officer Birger Hageberg Tislevoll, Technical Superintendent Palani Venkatesh, Bosun Merete Skøien, Facilitator Global Manning Ajeesh Mathew, Bosun Chitrarasu Annamalai, Senior Engineer Electrical T&M Badakkan Abdul Muneer, Cook Beda Laurentiu Paul, Chief Officer Antony Lally Kadavil, Cook Cioranu Marius, Chief Engineer Devarajalu Kosalaraman, Production Superintendent Karman Sugarman, Camp Boss December Sanchez Alfredo Ablang, 2nd Engineer December Cuenco Manuel Pena, 2nd Cook Dungo Jose Victorio Fernandez, Reefer Man Torres Francis Sergio Barbac, 3rd Engineer Navarosa Felomino Nillasca, Bosun Batucan Rey Montegrejo, Chief Engineer Pechon Earle Maambong, Bosun Umayam Karl Adam Palado, 3rd Engineer Jacar Warren Miane, Oiler Binban Lester Arlanza, 2nd Engineer Bufable Pacifico Jr. Baronda, Able Seaman Patajo Lyndon Inri Abaja, 2nd Officer Jungsher Pannu, Chief Engineer Consengco Gaylord Guy, 2nd Engineer Bidu Antony, Able Seaman Gonowon Ronar Bryan Montifalcon, 2nd Engineer Pandarakalathil Sreedharan Vinod, 2nd Officer Candava Henry Gutierrez, Able Seaman D’souza Sunil Vincent, Motorman Dumalag Elegio Iii Escover, 2nd Officer Faisal Hadri, Production Operator Rune Olaf Eriksen, Technical Superintendent Birger Lindland, E & I Supervisor Gazdar Khshru Jal, Chief Officer David Sukmawinadi, Production Supervisor Ganesh Sanjeeva Mendon, MSM Kunal Chakraborty, Assistant Superintendent Dariusz Jan Michalowski, Commercial Manager Qing Kang Zhang, Senior Project Engineer Maritza Beatriz Maldonado, Engineer Maintenance Raymond Michael Manton, Senior Engineer Marine Wilson Chellam, Materials Engineer Chitrarasu Annamalai, Senior Engineer Electrical T&M Dariusz Jan Michalowski, Commercial Manager 10 October Fernandes Royston, MTM Arellano Michael Surriga, Motorman Pinto Thomas, 2nd Cook Capin Juffer Flores, Motorman Years Duque Pinili Lawag Bato, Able Seaman Gerardino Grendill Villanueva, Master Loriega Resty Amarillo, Oiler Flores Jimmy Jr. Agustin, 2nd Officer Ankit Chaudhary, 2nd Officer Sharafat Mulla, Chief Officer Suresh Kumar, EOFF Retired Varghese Vinesh, 2nd Engineer October Christian Onda Dela Chica, Production Supervisor Frank Eikenes, Master Donatien Bertrand Delicat, Laundry Man Knut Sverre Andersen, Fleet Performance Analyst Gregorio Caneba Escuro, Marine Supervisor Lavji Mistry, President and General Manager, India Robert Karl Connor Madden, OIM Sounda Cyriaque Mavoungou, Steward Vagathuri Sambu, Control Room Operator December Cristomo Caraan San Juan, Production Operator Reidun Hellebostad, HR Executive Tom Roger Tollefsen, Production Superintendent Yong Meng Heng, Procurement Controller Ene Gabriel, Chief Engineer
H E R I T A G E Dr Helmut Sohmen thanking the Connecticut Maritime Association members for the Commodore Award bestowed on him in April 1996. Published by
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