WorldHorizon Looking Ahead - BW Group

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                          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
WorldHorizon Looking Ahead - BW Group
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 Looking Ahead - BW Group
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...
WorldHorizon Looking Ahead - BW Group
4            World Horizon Issue 03/2016

Chairman’s
Message
WorldHorizon Looking Ahead - BW Group
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.
WorldHorizon Looking Ahead - BW Group
6             Global BW                             World Horizon Issue 03/2016

Commitment
to Open
Communication
BW continues to engage officers and crew globally
WorldHorizon Looking Ahead - BW Group
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.
WorldHorizon Looking Ahead - BW Group
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.
WorldHorizon Looking Ahead - BW Group
World Horizon Issue 03/2016   Global BW   9
WorldHorizon Looking Ahead - BW Group
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.

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