shipbuilding in specialised markets: global trends ... · tugs offshore support vessels ... •...

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Shipbuilding in Specialised Markets: Global Trends & Future Outlook

21st May 2015Mark D R Darley – VP and South Asia Area Manager


Focus on global specialised ship-building markets and technologies

Market Analytics

Tugs

Offshore support vessels

Windfarms


0 5000 10000 15000 20000

Fleet <2,000GT

Breakdown of predominant ship-types in the current global < 2,000GT fleet

• Tugs represent the largest portion of this fleet with 16,804 vessels

• The next biggest share is taken by General Cargo vessels (8,777 vessels)

• Followed by passenger ferries (4,902 vessels)

• Small-product tankers (2,678 vessels)

• Dredgers (1,365 vessels)

• Ro-Ros (459 vessels)

(Source: Clarksons)


Forecast for global contracting, vessels < 2,000GT

• Small ship demand growth is expected to average 1.5% p.a. in 2015-16, per average historical growth trends…

• and will mature slightly to 1.4% p.a. in the long-term.

• In total, contracts for an average of 1,003 small ships per annum are expected to be placed in 2017-20, followed by an average of 1,031 p.a. in 2021-24.

(Source: Clarksons)

985

990

995

1000

1005

1010

1015

1020

1025

1030

1035

Average contracting per annum in two four-year time frames, 2017-2020 and 2021-2024

2017-2020

2021-2024


Turkey’s existing < 2000 GT Fleet - by Ship Type

18

19

26

28

55

57

129

188

189

302

0 50 100 150 200 250 300 350

Others

Yacht

Dredger

Offshore Support Vessel (OSV)

Passenger/Ro-Ro Ship

Fishing Vessel

Tanker

Passenger/Cruise

Tug

General Cargo Ship

No of vesselNo of vesselNo of vesselNo of vessel

Others:• Crane Vessel• Work/Repair Vessel• Crane Vessel, non propelled• Cement Carrier• Deck Cargo Pontoon, non propelled• Aggregates Carrier• Deck Cargo Ship• Container Ship (Fully Cellular)• Refrigerated Cargo Ship• Accommodation Ship• LPG Tanker• Salvage Ship• Landing Craft

(Source: IHS Fairplay)


Turkey < 2000 GT (Orderbook-YOB 2015-18) - by Ship Type

1

5

6

6

6

7

8

44

0 10 20 30 40 50

General Cargo Ship

Tanker

Passenger Ship


Fishing Vessel

Passenger/Ro-Ro Ship (Vehicles)

Yacht

Tug

No of vesselNo of vesselNo of vesselNo of vessel(Source: IHS Fairplay)


Turkish Shipbuilding < 2000 by Ship Types (YOB: 2010 - 2018)

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

150

2010 2011 2012 2013 2014 2015 2016 2017 2018

No of vessel

No of vessel

No of vessel

No of vessel

YOBYOBYOBYOB

Total

Tug

Passenger Ship

Tanker

Passenger/Ro-Ro Ship (Vehicles)

Fishing


Pollution Control Vessel

Hopper, Motor

General Cargo Ship

Landing Craft

Deck Cargo Ship

Patrol Vessel

Articulated Pusher Tug




Market Analytics

Tugs

Off-shore support vessels

Windfarms


Forecast for the global tug market demand

0

5000

10000

15000

20000

25000

30000

TugsTugsTugsTugs

• Demand for tugs is projected to grow by 3.6%-4.0% p.a. in 2015-17.

• Growth is expected to mature slightly to an average of 3.2% p.a. in 2023-27.

(Source: Clarksons)


Case references- New construction project Hybrid Tugs

Battery installation: Battery installation: Battery installation: Battery installation:

Batteries: Lithium Ion Capacity: 2x120 kWh

Courtesy of Damen ShipyardsCourtesy of Damen Shipyards

Bernardus & Multratug 28 – Damen ASD TUG 2810 Hybrid


Case reference- Conversion of Tug

• Technology• Drivers• Safety aspects• Regulations• Case references

RT Adriaan - “E-KOTUG”

• Europe's first hybrid tug (2012)

• Battery Powered Ship – For low power operations, E-KOTUG can run on battery power alone; noiseless Zero emission mode.

• Saving on maintenance with reduced engine usage; longer time between engine overhauls and oil and filter changes

50% less emissions

Silent operation

Improved fuel economy

CO2 emissions reduction

Battery installation:

Batteries: Lithium Ion

Capacity : 78 kWh

Pack: 12 x 6.5 kWh

Bus voltage: 490V DC

RT Adriaan – Courtesy of KOTUG



Market Analytics

Tugs


Windfarms


Market prospects – Global Marine Trends 2030Oil and gas platforms double in 20 years

Oil and gas platforms 2010 Oil and gas platforms 2030


Offshore Support Vessels – winning contracts in a slowing market

Oil companies focus on Oil companies focus on Oil companies focus on Oil companies focus on costcostcostcost

• Oil companies cutting back on costs – 2015 at 16% expected compared to 2009 at 10%, during which we saw the last drop in oil price

• Re-negotiation of existing charter contracts between oil companies and shipping companies

• Pressure on rates in 2015

Demand Demand Demand Demand for for for for OSVs under OSVs under OSVs under OSVs under pressurepressurepressurepressure

• Fewer new-build orders

• Slippage in delivery and possible cancellations

(Source: Clarksons)


OSV Shipbuilding Deliveries by Country, 2014

27

7

8

8

8

9

11

14

16

48

137

0 20 40 60 80 100 120 140 160

Others

U.A.E.

Malaysia

Indonesia

India

Singapore

Vietnam

Brazil

Norway

United States

China P.R.

Number of Number of Number of Number of DeliveriesDeliveriesDeliveriesDeliveries

28 yards

20 yards

8 yards

8 yards

4 yards

5 yards

4 yards

5 yards

6 yards

2 yards

13 yards

The number of yards refers to the yards which delivered OSV vessels during 2014



Ranking of OSV Builders - Europe


Short-term trends in the OSV market – hunger for construction vessels

Short Short Short Short term trends 2015term trends 2015term trends 2015term trends 2015----(2016) (2016) (2016) (2016)

• Exploration & development slowdown

• Exploration phase more or less halted

• Existing offshore fields will still require most of the OSV type vessels but competition will intensify

• Demand for “Construction vessel” likely to increase

• E&P from arctic regions moving further to the right due to high cost implications

• Acceleration in offshore renewables – increase in size , numbers of turbines and moving further offshore


Medium to long-term outlook in the OSV market – at the whim of oil prices

Medium to Medium to Medium to Medium to longlonglonglong----term term term term trend trend trend trend 2016201620162016----2030203020302030

• Demand from emerging countries increasing

• Expansion in offshore energy supply by 2030

• Increased activities in regions such as West Africa and Southeast Asia, as well as the Arctic and cold regions, provided oil does not remain at base-case

• Acceleration in offshore renewables – increased size, numbers and further ashore

• Further ashore to deeper waters for oil and gas industry

• More hardware going subsea


Design for Flexibility:Novel Modular design and construction

ModularModularModularModular ConceptConceptConceptConcept

• The ships vary in length from 94 to 132 metres.

• Can be configured to meet client specific needs and requirements.

• IHC Supporter™ class has standardised fore- and aft-ships, pre-designed modules and a client-configured Midship body.

• The Midship can be fully client-defined or composed of pre-designed modules.

Result/BenefitResult/BenefitResult/BenefitResult/Benefit

• Allows a reduced lead time and ensures a lower CAPEX and a faster delivery of the vessel to the market.

IHC Supporter class SAT diving vessel


Design for Flexibility:Novel Modular design and construction

Courtesy of IHC Merwede


Design for operations in Harsh & Cold Climate

Design featuresDesign featuresDesign featuresDesign features

• Multi-purpose/multi-functional

• Stand-by rescue

• Oil recovery operations

• Some ice breaking capability and ice management

• Winterisation features -Hull & Equipment Material-Equipment & System

ConsiderationsConsiderationsConsiderationsConsiderations

• Azimuth propulsion

• Stern first (double acting)

• Shallow draught designs (North Caspian Sea )

Courtesy: Sakhalin Energy


Design for Cold ClimateCase study: Vitus Bering & Aleksey Chirikov for Sovcomflot

Vitus Bering Vitus Bering Vitus Bering Vitus Bering

Yard : Yard : Yard : Yard : ArctechArctechArctechArctech HelsinkiHelsinkiHelsinkiHelsinki

NbNbNbNb. : . : . : . : 506 & 507506 & 507506 & 507506 & 507

Design : Design : Design : Design : ArctechArctechArctechArctech HelsinkiHelsinkiHelsinkiHelsinki

• Ice breaking and Ice management capability

• Double acting

• Azimuth propulsion (13MW)

• Winterisation to -35°C

• Oil Recovery

• Rescue capacity 195 persons

Courtesy: Arctech Helsinki

Classification:+100A1 Icebreaker, Offshore Tug/ Supply Ship, Standby Ship, Fire-Fighting Ship 1 (2400 m2/h) with water spray, WDL (5.0 tons/m2 Aft to Fr. 68), RD (Brine 2.0 t/m3; Mud 2.0 t/m3), *IWS, Winterisation H(-35) B(-35), Oil Recovery, EP, ShipRight ACS(B)+LMC, UMS, DP (AM), NAV1


Design for Deeper Waters

Operations are moving to deeper water (doubled in Operations are moving to deeper water (doubled in Operations are moving to deeper water (doubled in Operations are moving to deeper water (doubled in 10 years’ time10 years’ time10 years’ time10 years’ time))))

• Operations are moving further offshore

• Larger units to support operations

• Development of new equipment (cranes, anchor handling winches etc.)

• Larger deck area and cargo capacity

More More More More subsea operation subsea operation subsea operation subsea operation

• More hardware going subsea

• Hardware needs maintenance

• More ROV operations

• More Construction, Inspection, Maintenanceand Repair Vessels

Candies Shipbuilders NB 155

Load Handling EquipmentLoad Handling EquipmentLoad Handling EquipmentLoad Handling Equipment

Active Heave Compensation

Module Handling Systems


Design for Deeper WatersCase study: HCV – Seven Artic

Seven ArcticSeven ArcticSeven ArcticSeven ArcticYard : Hyundai Heavy Industries Yard : Hyundai Heavy Industries Yard : Hyundai Heavy Industries Yard : Hyundai Heavy Industries NbNbNbNb: 2654: 2654: 2654: 2654Design : Design : Design : Design : WärtsiläWärtsiläWärtsiläWärtsilä (VS 4285)(VS 4285)(VS 4285)(VS 4285)

Vertical Lay System: 325T tensioner

Under deck Carousel :7,000T capacity

Deck area : approx. 2,600 m²

900T Knuckle boom rope luffing crane

Ice strengthened and with winterisation features.

Courtesy: Wartsila Ship Design & Huisman

Classification:+1001 Offshore Supply Ship, Helicopter Landing Area, *IWS, WDL(+),

ECO (IHM, OW, P), ShipRightASC(B), Ice Class 1D, Winterisation H(-30),S(C) +LMC, UMS, DP(AAA), CAC3Descriptive note:ShipRight(BWMP(method), SERS,SCM), Winterisation Features


Design for Environment:-Gas fuelled OSV’s

Vessel nameVessel nameVessel nameVessel name Designer/designDesigner/designDesigner/designDesigner/design EnginesEnginesEnginesEngines YOBYOBYOBYOB

Viking Energy Viking Energy Viking Energy Viking Energy WärtsiläWärtsiläWärtsiläWärtsilä / VS 4403/ VS 4403/ VS 4403/ VS 4403 4 x 4 x 4 x 4 x WärtsiläWärtsiläWärtsiläWärtsilä 6L32 DF6L32 DF6L32 DF6L32 DF 2003200320032003

StrilStrilStrilStril PioneerPioneerPioneerPioneer WärtsiläWärtsiläWärtsiläWärtsilä / VS 4403/ VS 4403/ VS 4403/ VS 4403 4 x 4 x 4 x 4 x WärtsiläWärtsiläWärtsiläWärtsilä 6L32 DF6L32 DF6L32 DF6L32 DF 2003200320032003

Viking Queen Viking Queen Viking Queen Viking Queen WärtsiläWärtsiläWärtsiläWärtsilä / VS 493 / VS 493 / VS 493 / VS 493 4 x 4 x 4 x 4 x WärtsiläWärtsiläWärtsiläWärtsilä 6L32 DF6L32 DF6L32 DF6L32 DF 2008200820082008

Viking LadyViking LadyViking LadyViking Lady WärtsiläWärtsiläWärtsiläWärtsilä / one off/ one off/ one off/ one off 4 x 4 x 4 x 4 x WärtsiläWärtsiläWärtsiläWärtsilä 6R32DF6R32DF6R32DF6R32DF 2009200920092009

Viking PrinceViking PrinceViking PrinceViking Prince WärtsiläWärtsiläWärtsiläWärtsilä / VS 489/ VS 489/ VS 489/ VS 489 2 x 2 x 2 x 2 x WärtsiläWärtsiläWärtsiläWärtsilä ---- 6L34DF + 2 x Wartsila 6L34DF + 2 x Wartsila 6L34DF + 2 x Wartsila 6L34DF + 2 x Wartsila ---- 6L20DF6L20DF6L20DF6L20DF 2012201220122012

Viking PrincessViking PrincessViking PrincessViking Princess WärtsiläWärtsiläWärtsiläWärtsilä / VS 489/ VS 489/ VS 489/ VS 489 2 x 2 x 2 x 2 x WärtsiläWärtsiläWärtsiläWärtsilä ---- 6L34DF + 2 x Wartsila 6L34DF + 2 x Wartsila 6L34DF + 2 x Wartsila 6L34DF + 2 x Wartsila ---- 6L20DF6L20DF6L20DF6L20DF 2012201220122012

SkandiSkandiSkandiSkandi GammaGammaGammaGamma VARD / PSV 06 LNGVARD / PSV 06 LNGVARD / PSV 06 LNGVARD / PSV 06 LNG 3 x 3 x 3 x 3 x WärtsiläWärtsiläWärtsiläWärtsilä 6L34DF6L34DF6L34DF6L34DF 2011201120112011

Normand ArcticNormand ArcticNormand ArcticNormand Arctic VARD / PSV 12 LNGVARD / PSV 12 LNGVARD / PSV 12 LNGVARD / PSV 12 LNG 3 x 3 x 3 x 3 x WärtsiläWärtsiläWärtsiläWärtsilä 6L34DF6L34DF6L34DF6L34DF 2012201220122012

Olympic EnergyOlympic EnergyOlympic EnergyOlympic Energy VARD / PSV 06 LNGVARD / PSV 06 LNGVARD / PSV 06 LNGVARD / PSV 06 LNG 2x 2x 2x 2x WärtsiläWärtsiläWärtsiläWärtsilä 6L34DF +6L34DF +6L34DF +6L34DF +2 x CAT 3516C (diesel)2 x CAT 3516C (diesel)2 x CAT 3516C (diesel)2 x CAT 3516C (diesel)

2012201220122012

Island CrusaderIsland CrusaderIsland CrusaderIsland Crusader RR / UT 776 CDGRR / UT 776 CDGRR / UT 776 CDGRR / UT 776 CDG 2 x Bergen C25:33L 6ACD (diesel) +2 x Bergen C25:33L 6ACD (diesel) +2 x Bergen C25:33L 6ACD (diesel) +2 x Bergen C25:33L 6ACD (diesel) +2 x Bergen C26:33L9AG (Gas)2 x Bergen C26:33L9AG (Gas)2 x Bergen C26:33L9AG (Gas)2 x Bergen C26:33L9AG (Gas)

2012201220122012

Island ContenderIsland ContenderIsland ContenderIsland Contender RR / UT 776 CDGRR / UT 776 CDGRR / UT 776 CDGRR / UT 776 CDG 2 x Bergen C25:33L 6ACD (diesel) +2 x Bergen C25:33L 6ACD (diesel) +2 x Bergen C25:33L 6ACD (diesel) +2 x Bergen C25:33L 6ACD (diesel) +2 x Bergen C26:33L9AG (Gas)2 x Bergen C26:33L9AG (Gas)2 x Bergen C26:33L9AG (Gas)2 x Bergen C26:33L9AG (Gas)

2012201220122012

Rem LeaderRem LeaderRem LeaderRem Leader WärtsiläWärtsiläWärtsiläWärtsilä / VS 499/ VS 499/ VS 499/ VS 499 2 x 2 x 2 x 2 x WärtsiläWärtsiläWärtsiläWärtsilä 6L34DF + 2 x Wartsila 6L34DF + 2 x Wartsila 6L34DF + 2 x Wartsila 6L34DF + 2 x Wartsila ---- 6L20DF6L20DF6L20DF6L20DF 2013201320132013

HarveyHarveyHarveyHarvey Energy + 5 sistersEnergy + 5 sistersEnergy + 5 sistersEnergy + 5 sisters VARD/ SV310DFVARD/ SV310DFVARD/ SV310DFVARD/ SV310DF 3 x 3 x 3 x 3 x WärtsiläWärtsiläWärtsiläWärtsilä 6L34DF6L34DF6L34DF6L34DF 2014/20152014/20152014/20152014/2015

SiemSiemSiemSiem Symphony + 3 sistersSymphony + 3 sistersSymphony + 3 sistersSymphony + 3 sisters WärtsiläWärtsiläWärtsiläWärtsilä/VS 4411/VS 4411/VS 4411/VS 4411 2 x 2 x 2 x 2 x WärtsiläWärtsiläWärtsiläWärtsilä 6L34DF + 2 x 6L34DF + 2 x 6L34DF + 2 x 6L34DF + 2 x WärtsiläWärtsiläWärtsiläWärtsilä 8L20DF8L20DF8L20DF8L20DF 2014/20152014/20152014/20152014/2015

Simon Simon Simon Simon MøksterMøksterMøksterMøkster tbntbntbntbn VARD/PSV 06 LNGVARD/PSV 06 LNGVARD/PSV 06 LNGVARD/PSV 06 LNG 2015201520152015

The first Gas-Fuelled Supply Vessels turns

10 years – Viking Energy

Wärtsilä Ship design VS 4403

4 x Wärtsilä 6L32 DF



Market Analytics

Tugs


Windfarms


Market prospects – Global Marine Trends 2030The rise of offshore renewables

Wind Farms development: over 65,000 wind turbines in 2030


Windfarm Development Statistics


New Windfarm Markets


Windfarm Service Vessel

• Just a crew boat?

• Next Generation designs

• Specifically designed for one of the most dynamic sectors in the offshore market.

• New operational areas (Longer Range Vessels)

• Crew comfort

• MLC Compliance

• Operational costs

• Transfer of Personnel


Lloyd’s Register Market Developments < 2000 GT

• Continued impact in O&G derivative segments

• OSV – Construction vessels (versatile and flexible assignment)

• Emerging country/logistic developments still show promise

• Mini’ LNG (Bunkering and Transportation)

• Coastal and In-land Waterways Developments (U.S., India, Turkey)

• Wind Farm developments particularly EU

• Regulatory and Efficiency driven ‘novel’ propulsion and fuel mix

• Specialist yard continue to look to lower cost base J/V – particularly in Asia

Lloyd’s Register and variants of it are trading names of Lloyd’s Register Group Limited, its subsidiaries and affiliates.Copyright © Lloyd’s Register [Entity]. 2015. A member of the Lloyd’s Register group.

Mark DarleyVP & South Asia Marine ManagerSouth Asia Area, MarineT +60 (0)3 2034 9008 E [email protected]

Lloyd's Register of Shipping (M) Bhd, Suite 21-04, Level 21, Menara Tan & Tan, 207, Jalan Tun Razak, 50400 Kuala Lumpur

Working togetherfor a safer world

shipbuilding in specialised markets: global trends ... · tugs offshore support vessels ... •...

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