shipbuilding market update, norway_maritime business day seminar 10.5.2017

Gateway Norway AS

Shipbuilding Market Update

Gateway Norway AS

Gateway Norway AS | 12.05.2017 | 2

Jaakko Isotalo

Senior Advisor

Member of the board

www.gatewaynorway.no

Gateway Norway AS


Contents

The Norwegian Offshore Sector

The Norwegian Maritime Sector

Gateway Norway AS


Norway is home to a world-leading

offshore and maritime cluster

Gateway Norway AS


The Norwegian Offshore Sector

What´s new here? News etc.

Norway:- The 3rd largest gas exporter in the world (covers more than 20 % of gas consumption in Europe)

- The world´s top oil producer no. 13 = Norway.

Gateway Norway AS


Johan Sverdrup – Generating gigantic value

– First-phase investments estimated at NOK 117 billion / EUR 13.08 billion (2015 value)

– Total production revenues of NOK 1,350 billion / EUR 151 billion over 50 years

– Corporation tax payable to the Norwegian state calculated at NOK 670 billion / EUR 75 billion

– Daily production during first phase estimated at 315,000 – 380,000 barrels per day

– Peak production estimated to reach 550,000 – 650,000 barrels daily

–The field will be operated by electrical power generated onshore

Gateway Norway AS


New gigantic contracts (> EUR 1 billion)

– Framework agreement with AKER BP for offshore

platform projects

– Kværner to upgrade the Njord platform

Gateway Norway AS


The Norwegian Maritime Sector

MARKET UPDATE

Bad news, good news, hot news, rumours, etc.

Gateway Norway AS


Bad news:

–Question:

– The number of orders of supply vessels at Norwegian

shipyards in 2016:

– Answer:

– “ 0 “ (none)!

Gateway Norway AS


Good news:

- Number of shipyards: about 35 (new building yards).

- Number of vessels ordered: about 140 vessels (starting from about 15

meters workboats)

- In addition to this it should be bear in mind that this is only orders at

Norwegian yards. But there is another impressive list in the respect of

vessels ordered outside of Norway, by Norwegian ship-owners.

- More new orders signed from 2017 to 2018.

– Norwegian government supporting the yard industry: 3 coastal patrol

vessels to be built. Price of one vessel: estimation - NOK 2 billion.

– Fitjar Mekanisek Verksted AS / Westcon Yards AS / Havyard Ship Technology AS / Ulstein Verft AS / Kleven Maritime AS / Vard Langsten AS

Gateway Norway AS


Post “crisis” activity at Norwegian yards

–Offshore mining

–Offshore wind

– Pleasure yachts (super yachts)

– Fishing boats

– Fish farming service boats

– Ferries

– Small cruise vessels

Gateway Norway AS


More good news / new news:

-Repair & modification:-FOSEN YARD:

- 2 x Fjordline: MS Stavangerfjord and MS Bergensfjord

- Extra cabins = 1 extra aluminum deck

- End 2017 / Early 2018.

-Design & engineering:- FOSEN YARD:- LOI signed on building of the world’s largest hybrid ship designed by Fosen. Fosen

Yard will design the vessel, Ulstein will build and Color Line is the owner/operator of

this hybrid ship.

Gateway Norway AS



-Havyard - Shipyard in Leirvik

- Sølvtrans order the world´s largest live fish carrier from Havyard.

- Contract price: over EUR 55 mill.

- Operation contract in Tasmania, outside of Australia (10 yrs).

Gateway Norway AS



-Kleven yard - Ulsteinvik:- 4 x AHTS – Mærsk serie

- 2 + 2 small artic hybrid cruisers – Hurtigruten

-Myklebust yard:- Various fishing industry vessels: trawlers, fish harvesting vessels, live fish

carriers, ferry

Gateway Norway AS



-Ulstein yard - Ulsteinvik:- The world’s largest hybrid ship – Color Line

- X-Bow Super yacht – Unknown owner

- 2 x different SOV (Service Operational Vessel for offshore wind maintenance)

Gateway Norway AS



-Vard:- 5 yards in Norway: Aukra, Brattvaag, Breivik, Langsten, Søviknes.

- 2 x expedition cruise vessel – Hapaq-Lloyd Cruises

- 4 x expedition cruise vessel – Ponant Quartet

- Ferries – Norwegian fjords

- Supply vessels – earlier ordered vessels

- REV (Research Expedition Vessel)

Gateway Norway AS


Hot news:

Norway: the place to be in

2017

-Nor-Shipping 2017:- Oslo – Lillestrøm: 30.04.-02.05.2017

-Aqua-Nor 2017:- Trondheim 15.–18.08.2017

Gateway Norway AS


Company info:

SKIPSTEKNISK AS

Klaus Nilsens gt. 4 Phone: +47 70 10 33 44

P.O Box 36 Sentrum Fax: +47 70 10 33 48

NO-6001 Ålesund, Norway

Web: www.skipteknisk.no

E-mail: [email protected]

Turnover (2015): NOK 130 mill.

Managing director / CEO: Mr. Hans Ove Holmøy

mailto:[email protected]

Gateway Norway AS


Key words:

Norway: maritime industry – today / future

-Green strategy for blue industry:

-Aquaculture

-Autonomous vessels

-Electrical / hybrid vessels

Gateway Norway ASStrandgata 165

5525 Haugesund

Norway

Tel.: +47 930 19 616

E-mail: [email protected]

shipbuilding market update, norway_maritime business day seminar 10.5.2017

Business