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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) 009/11/2014
Building on
Experience
Editorial
Publisher Haneya Basheer For further information,
BW Group Hugo Haeselich please contact:
Jitendra Sabharwal
Responsible Editor Joshua BW Maritime Pte Ltd
Nick Fell Joyce Lim 10 Pasir Panjang Road #18-01
Krystle Sun Mapletree Business City
Managing Editor Lars Pedersen Singapore 117438
Lisa Lim Leif Einar Olsen + 65 6337 2133
Leonard Harbottle enquiries@bwmaritime.com
Editorial Team Lim Wei Hong
Arathi Menon Maja Kristensen BW Gas AS
Kate Langstrom Martin Ackermann Professor Kohts vei 5, 1366 Lysaker
Roy Lee Michael Skyum P.O. Box 443
Miriam V. Basco 1327 Lysaker, Norway
Contributions From Mukesh Sharan + 47 6721 1600
Andrew Hoare Nalini Torres information@bwgas.com
Anders Bohm Ole Erik Bjorge
Ashok Krishnan Petter Maelandsmo BW Offshore Norway AS
Bill Hatch Sverre Henry Johannessen Drammensveien 149
Billy Chiu Venu Viswanadha P.O. Box 33 Skøyen
Biju Jayarajan Veronica Lee 0212 Oslo, Norway
Brian Ang Vivian Yuan + 47 2313 0000
Cathinka Fornebo Mellem Zhihui Seah information@bwoffshore.com
Christina Chu
Corinne Hobson Design & Production BW LPG Pte Ltd
Erle Kristen Wagle Lancer Design Pte Ltd 10 Pasir Panjang Road #17-02
Mapletree Business City
Singapore 117438
+ 65 6705 5588
general.enquiries@bwlpg.com
Green Marine Capital
10 Pasir Panjang Road, #17-02
Singapore 117438
+65 6705 5588
WorldHorizon
Contents 03/2015
04 Chairman’s message 15 Catching Up with BW Catcher
BW Catcher is on course for delivery in 2017
16 Always Trying to Do Better
BW Aries aims for the stars in energy
18
management
20 Changing Directions
BW Offshore adopts a more strategic
approach to Supply Chain In the Spotlight
18 Good to Great
08
22 Gearing up for the Next Phase BW LPG’s new chief executive Martin
With a huge milestone achieved, Peregrino Ackermann talks about building on the
FPSO is getting ready for the next phase success of the company and driving the
business forward
Global BW
08 No ‘gas’ work when it comes to
safety 23 BW Group Fleet
09 Expanding Horizon
BW LPG at the 28th annual World LPG Forum 24 AROUND THE WORLD
in Singapore
06
10 Signed, Sealed, Delivered
29 BW cryptic crossword
BW Pavilion LNG has acquired USD360 million
in financing
12 Developing Our Talent Feature 30 Special Thanks To...
Training future leaders through the 06 Built on Experience
Management Associate programme Nearly two centuries of combined crew
experience onboard BW Singapore
14 To The Rescue
Very Large Gas Carrier BW Carina rescues
refugees in distress
4 World Horizon Issue 03/2015 Chairman’s Message
World Horizon Issue 03/2015 5
I
t has been a busy quarter since the that can secure us against the storm Some might argue that trust has its limits
last World Horizon. We have secured outside. Culture – “our way of doing things” in an operational environment with risks
business for our FSRU BW Singapore, – determines whether an organisation involved. Safety is clearly an area where
which was prepared in record time and makes good decisions, whether it is a checks and redundancies are critical, and
is already on station in Egypt. We closed pleasant company for other parties to deal blind trust – not considering an individual’s
the financing for our BW Pavilion LNG joint with, and whether it is an enjoyable place experience with a task or the risks involved
venture with Pavilion Energy. BW LPG is to work in. in a particular situation – is not what we
providing the floating storage solution for are advocating. But again, openness and
the first seaborne LPG-to-power project in One aspect that is worth reflecting on is trust go hand in hand. Being open about
the Virgin Islands. And we continue to take how a company responds to challenges. the limits of one’s experience or capability
delivery of the large series of 22 product In the wake of a corporate scandal in the and speaking openly about what is at stake,
tankers from SPP, which are arriving to car industry, which follows on the heels should allow trust to be a guiding principle
healthy market conditions. Peregrino, of two other major cover-ups in the same without allowing it to become blind.
which BW Offshore is operating for Statoil, industry, it is timely to remember that
has reached a milestone with 100 million a philosophy of “no cheating, no cover- BW is fortunate to be doing well in its core
barrels of oil production. ups” is vital to any company which values businesses, and this success is founded
its reputation. A phrase which I have on a strong corporate culture. Whatever
In contrast, the global outlook has been commonly heard in Scandinavia (which I the numbers look like in the present, it is
shaky in recent months. The Chinese believe originates in Italy) is to “put the culture that will determine our success in
economy is slowing. Oil producing fish on the table”. Or as the English saying the future. Openness about problems, and
countries are building massive deficits. goes: “don’t sweep it under the carpet”. If the trust that results from that, are key
Emerging markets are facing a loss of there is something difficult to be discussed elements in how we will deliver on our
confidence and capital. Fighting continues – a problem, a disagreement, however value “acting for the future”.
in the Middle East, and Europe is inundated awkward – it is better to deal with it
with refugees. Some major companies of openly rather than allowing it to rot under
systemic size and importance are under the table.
siege, albeit for different reasons.
Without openness, there is no trust. And
Our own successes in this environment without trust, the team ceases to function
are in large part thanks to BW teams efficiently – everyone starts looking over Sincerely,
working hard around the world. Beyond their shoulder, small miscommunications Andreas Sohmen-Pao
hard work, continued success will depend lead to big misunderstandings, complexity Chairman
on maintaining a healthy corporate culture and bureaucracy increases.
6 Feature World Horizon Issue 03/2015
Built on
Experience
Nearly two centuries of
combined crew experience
onboard BW Singapore
B
W Singapore is BW’s latest addition Master Petter Maelandsmo, the Captain is like rice and potatoes – we can be used
to the company’s Liquefied Natural surrounded by team members who have in many dishes”. This “can-do” spirit and
Gas (LNG) fleet. Built at Samsung also seen many years with BW. Electrical the willingness to go beyond the call of
Heavy Industries, BW Singapore Officer (EO) Sverre Henry Johannessen duty are captured in one of BW’s four
has low environmental footprint, high fuel recently celebrated 30 years with BW, Chief company values, Creating Energy Through
efficiency, a storage capacity in excess of Engineer Mokkelbost Steinar has been Collaboration.
170,000 cbm, and a peak regasification with BW for 24 years, and Chief Officer
capacity of 750 mmscfd. She will provide Lie Mathias Edvin has served for 17 years. BW also offers opportunities for career
LNG regasification services in the Port of Although not sailing onboard, other long- progression – something which Captain
Ain Sokhna, Egypt. serving colleagues also worked on getting Maelandsmo exemplifies. He joined then-
BW Singapore ready for water, such as Site Bergesen as a deck boy in 1982, rose
Providing stable, safe and efficient Manager Jan Egil Torvik (38 years) and Chief through the ranks over the years and was
regasification service Engineer Per Aslak Ringstad (42 years). made Captain in 2001. During his time
Apart from fulfilling contractual obligations, with the company, he has sailed on crude
BW Singapore provide Egypt with a stable, Like rice and potatoes oil tankers, Liquefied Petroleum Gas (LPG)
safe and efficient regasification service. Crew retention numbers at BW are higher and LNG carriers, bulk carriers and OBO
She will be permanently moored alongside than the industry average. When asked (oil, bulk and ore) carriers.
a jetty in the Port of Ain Sokhna, and will about the long years of service, the crew
regasify up to 600 mmscfd of gas per which World Horizon spoke with said that BW is a leading international gas shipping
day for five years. She will double Egypt’s they appreciated the respect they received company with more than 75 years of
capacity to import and regasify LNG. The as professionals in their field. BW treats maritime energy transportation history, 40
additional gas will be used mainly for all employees fairly and the working years of operational experience in LNG and
power generation, and also help satisfy environment is pleasant. EO Johannessen a current fleet of 21 LNG carriers including
the growing demand of directly connected commented that it is the team newbuildings. While this is something to
residential and industrial consumers. camaraderie, and that no two days are be proud of, we are prouder still of our
the same, which keeps him going. Captain crew, where onboard a single vessel, we
Two centuries of experience onboard Maelandsmo agreed and commented that have nearly two centuries of in-house
Just as impressive as the vessel is the everyone pitches in regardless of rank experience in managing one of the world’s
crew onboard. Helmed by long-serving when help is needed, “onboard, we are largest fleet of gas carriers.
World Horizon Issue 03/2015 Feature 7 Low environmental footprint, high fuel efficiency: 170,000 cbm storage capacity 750 mmscfd regasification capacity
8 Global BW World Horizon Issue 03/2015
BW and Pavilion Energy hosted a group of media professionals onboard LNG carrier BW Pavilion Vanda. This article appeared in a
Singapore daily, The New Paper, on 21 September 2015. BW thanks Singapore Press Holdings for permission to reproduce the article.
World Horizon Issue 03/2015 Global BW 9
Expanding
Horizons BW LPG at the 28th annual
World LPG Forum in Singapore
T
he 28th annual World LPG Forum and shipping hub in Asia, the importance against the backdrop of various global
was held in Singapore from 28 Singapore now places on the gas industry developments such as energy price
September to 2 October. The World and the rising portion of economic fluctuations, developments within the
LPG forum is organised annually growth that has been coming from Asia. Chinese economy and geopolitical
by the World LPG Association (WLPGA), BW LPG was one of the main sponsors considerations. At a session titled,
the authoritative voice of the global LPG for this forum which saw significant “Deciphering the Upstream”,
industry. Established in 1987, WLPGA attendance by participants across the Mr Ackermann, together with a panel
aims to add value by driving demand for entire LPG value chain. The forum provided of industry practitioners, presented
LPG and helping both public and private an excellent platform for developing and discussed the impact of the recent
companies to partner with international relationships within the industry and for growth in LPG on shipping, trade routes,
organisations and implement LPG projects updating knowledge on latest trends and LPG exports and LPG prices for players
on a local and global scale. developments within the LPG industry. upstream and in other parts of the
value chain.
This is the first time the World LPG Forum The forum’s theme, “Expanding Horizons”
was held in Singapore, which is reflective was especially relevant given emerging The forum also featured insights from the
of Singapore’s important role as a business opportunities within the LPG market retail and petrochemical parts of the value
chain which were of significant interest
to many who attended. Mr Ackermann
spoke about the quality of the event,
Mr Ackermann together with a panel of industry commenting, “Ultimately the World LPG
practitioners presented and discussed the impact Forum provided an excellent platform for
robust discussions and delivered significant
of the recent growth in LPG on shipping, trade insights on latest trends and changes in
routes, LPG exports and LPG prices for players the global LPG supply chain, making it a
valuable event for participants across the
upstream and in other parts of the value chain. entire value chain.”
10 Global BW World Horizon Issue 03/2015
Signed, B
W Pavilion LNG recently secured
two financings worth USD360
million in total. This deal is a highly
competitive funding solution that
was attained at attractive pricing with
favourable terms and conditions. This
Sealed,
facility will be used to fund the purchase
of the newly-delivered BW Pavilion Leeara
and refinance the shareholders loan used
to purchase BW Pavilion Vanda.
Delivered
A total of 22 banks were invited to submit
proposals for the initial phase and the
response was overwhelming. The total
BW Pavilion LNG has acquired
USD360 million in financing
USD360m
Total of two financings
secured by BW Pavilion LNGWorld Horizon Issue 03/2015 Global BW 11
commitments amounted to an over- secured a strong funding platform from a at the forefront of such initiatives; and
subscription of more than five times. group of supportive banks. This deal also with a 20-year charter in place to serve
Six banks were eventually selected for demonstrated that such funding for LNG the region’s LNG needs, the joint venture is
this deal, with Sumitomo Mitsui Banking vessels is feasible in today’s relatively soft poised to be involved for the long term.
Corporation (SMBC) acting as the facility LNG market with the right structure and
agent. The other lenders include DBS Bank, stakeholders involved in the project. It also BW Pavilion LNG is a joint venture formed
Overseas-Chinese Banking Corporation highlighted the trust shown by the banks between BW and Pavilion in May 2015.
(OCBC), Clifford Capital, Societe Generale towards both BW and Pavilion Energy and The main business of this joint venture is
and Credit Industriel et Commercial. the strength of both companies’ brands. to invest in Liquefied Natural Gas (LNG)
vessels to meet the growing demand in
This was the second financing deal that This deal helps to crystallise Singapore’s LNG transportation in the region.
was closed since the formation of the energy diversification strategy and the
partnership with Pavilion Energy. By country’s push to become an LNG hub in
signing this deal, BW Pavilion LNG has the region. It also places BW Pavilion LNG
22
Banks were invited to submit
2nd
Financing deal that was closed since the
proposals for the initial phase formation of the partnership with Pavilion Energy12 Global BW World Horizon Issue 03/2015
Developing
Our Talent
Training future leaders through the
Management Associate programme
H
aving a team of capable leaders Norges Rederiforbundet (Norwegian and learn as a team. Brian Ang, a second-
is necessary for the smooth Shipowner’s Association) sees our year associate, notes how the importance
running of a successful company. participation in what is widely regarded of working together within the department
But not all leaders are born as one of the best MA programmes in and with others is essential to achieving
with the gift to lead; many are made Norway. Under this programme, associates objectives. Team work is a necessary
through experience and knowledge. But... are employed by the company and given component for any business, and a leader
however... having the opportunity to exposure to the daily operations of the that understands how to make people work
acquire such attributes is not always easy. business. The programme also features an together to accomplish a common goal is a
BW believes in training the next generation academic component where associates hallmark of success.
of talent and empowering them with attend modules to build their knowledge
the skills and knowledge to lead. One of of the shipping industry. Vivian Yuan, a first-year associate says,
BW’s core values is acting for the future “The most enriching aspect of the MA
and the company’s commitment to the Making improvements programme so far has been the exposure
future can be seen through the company’s The MA programme also provides to different departments and functional
Management Associate (MA) Programme. opportunities for the associates to suggest units within BW. I enjoy picking up new
and implement improvements. Second- skill sets with each rotation, as well as
The Management Associate programme year MA Joshua Lin modified a Time Charter meeting new colleagues who are very
In the Singapore office, BW runs an MA Equivalent (TCE) calculator for benchmarking friendly and approachable.”
programme that is designed to attract the Chartering team’s performance. The TCE
fresh graduates who are interested in calculator is often used as a tool to calculate Speaking from experience
developing a career in the maritime the average daily revenue performance of a Senior Vice President for Quality, Audit
industry. Through a rigorous two-year vessel. This modified TCE calculator proved and Compliance Billy Chiu joined the
development period, these individuals are immensely useful for the department company, then known as World-Wide
equipped with the necessary skills and with the customised values tailored to Shipping, as a management trainee in
knowledge to succeed as a leader within the department’s operational needs. This 1985. He was exposed to the deep end
the organisation. Each MA is also assigned improvement was a collaborative effort when he was posted to the Japan office
a mentor who acts as their programme between his mentor and himself. after just two months in the company.
sponsor and supervisor. Despite the steep learning curve, he had
Creating energy through collaboration a mentor who was patient and willing to
At BW’s Oslo office, a partnership with BW provides a safe environment to grow show him the ropes. The comparativelyWorld Horizon Issue 03/2015 Global BW 13
“Being
humble
enough to
allow your
seniors to
teach you
and to learn
from mistakes
is important.”
– Billy Chiu
smaller team in the Japan office afforded
Billy the chance to be exposed to
different aspects of the business. It also
gave him the opportunity to take on
projects and responsibilities that were
normally beyond his scope, allowing him
to gain a broader appreciation of the
interconnectedness of each department.
Looking back, he said, “there are two
sides to the coin, I was given the chance
to do things that were normally for
more senior positions but at the same
time, I had to do small tasks such as
photocopying too. But overall, I learnt a
lot from all these experiences.”
As advice to the new management
associates, he says that “being humble
enough to allow your seniors to teach you
and to learn from mistakes is important.
Being able to commit time and effort to
further your knowledge is necessary
From L-R: Management Associates Joshua Lin, Brian Ang and Vivian Yuan
as well.”14 Global BW World Horizon Issue 03/2015
To The Rescue
Very Large Gas Carrier BW Carina rescues refugees in distress
W
ith a fleet of over 150 ships, Maritime Rescue Coordination Centre and Lars Pedersen, Managing Director of BW
BW’s vessels cover a vast proceeded to investigate further. Fleet Management, thanked the crew for
expanse of the world’s oceans, the professional and efficient handling
delivering energy to wherever A total of 14 people were spotted onboard of the matter. He said, “It makes us all
it is needed. On this occasion, Very Large the small raft and orders were immediately very proud when we are able to make a
Gas Carrier (VLGC) BW Carina was to make issued by Captain Jayarajan to bring them difference.” Captain Jayarajan echoed that
a short voyage from Grand Cayman to onboard BW Carina. Fortunately, none of the sentiment, “I am glad that we could be of
Houston when she was called upon to rescued required serious medical attention. assistance to the refugees who were adrift
assist in a rescue. The crew later learn that the 14 people at sea.”
onboard the raft were Cuban refugees who
The Rescue had been out at sea for the past 19 days. Longstanding Tradition
During the journey from the Grand It is a longstanding maritime tradition
Cayman to Houston, the Officer on watch Swift Response to render assistance to others in distress
spotted a small raft. White flags could be The entire process lasted two hours, at sea. This tradition has been codified
seen being waved in the distance by two from the first sighting of the raft to the into law through the Safety of Life at Sea
individuals. Captain Biju Jayarajan, Master successful rescue of the 14 onboard. The (SOLAS) Convention, under which the
onboard BW Carina, was immediately swift and timely response of BW Carina Master of a ship is legally obligated to
informed of the situation and the crew ensured the safety of the refugees. The respond to any distress situation regardless
was called into action. refugees were transported off BW Carina of nationality, status or circumstance in the
onto the United States Coast guard vessel world. While BW Carina’s response to the
BW Carina made contact with BW Fleet USCGC Kathleen Moore later that evening. situation fulfilled her legal obligation, it
Management to keep the office appraised The crew of BW Carina were presented was borne out of BW’s belief in the sanctity
of the situation. Following international with a badge of commendation for their of life and commitment to ensure safety
protocol, BW Carina alerted the nearest role in rescuing the refugees. for everyone.World Horizon Issue 03/2015 Global BW 15
Catching Up with
BW Catcher BW Catcher is on course for delivery in 2017
B
W Catcher Floating Production, the delivery of the Middle Mega Block Ensuring that key personnel were
Storage and Offloading (FPSO) is (MMB) which is expected in November. properly informed and educated on the
currently on track for its delivery The MMB is being constructed in Korea requirements of the project was necessary.
in 2017. Set to be deployed in the and will be shipped to Japan where it Experienced individuals with extensive
Premier Oil operated catcher field of the will be assembled by IHI Shipyard. knowledge on the UK continental shelf and
United Kingdom’s (UK) North Sea, the FPSO its regulatory requirements were deployed
vessel will be placed on a seven-year charter New Challenges to the shipyards to ensure the smooth
with a contract value of USD2.3 billion. Working in the Catcher field presented progress of the project at hand.
new challenges to the project team with
“Two significant milestones have been stringent regulatory requirements and unique Going forward
achieved with the cutting of the first geographical conditions necessitating a unique Project Manager Venu thanked the
steel in the first quarter of 2015 and the hull design for the FPSO. With harsh weather team for their hard work, “All the team
Keel-Laying recently in August,” says conditions and waves three to four metres members have been putting in their best
Project Manager Venu Viswanadha. The high, special consideration was given to efforts to ensure the project remains
FPSO is half-way to completion and on designing a hull that satisfied safety concerns. on course for delivery despite all the
course for its 2017 delivery schedule. Strong winds and currents are also present in challenges.”
The next major milestone would be the Catcher field that required attention.16 Global BW World Horizon Issue 03/2015
Always Trying
to do Better
BW Aries aims for the stars
in energy managementWorld Horizon Issue 03/2015 Global BW 17
B
W Aries, a recently delivered Very operating on lower revolutions per effort and everyone onboard was involved.
Large Gas Carrier, is certainly living minute (RPM). The compressor efficiency Day to day operations required coordination,
up to its name. Individuals with was tested at different RPM levels and and data had to be collected and analysed.
this zodiac sign are often described we found that at 525-550 RPM, the A major challenge was to sustain the spirit
as “go-getters” and leaders, and with less compressors were delivering better fuel and motivation of the team throughout the
than a year on the water, crew onboard efficiency. We validated our observations initiative. Jitendra comments, “Throughout
are already hard at work trying to raise fuel with further studies and analyses. With the study, there were times when our tests
efficiency levels to reduce emissions to air this finding, we have managed to reduce failed or produced no results, but the team
and at the same time save cost. the fuel consumption of LPG compressors did not give up. I try to keep the energy of the
by about 33%, which will help us save teams on board high by being involved with
Leading such energy management quite a bit of cost”. them – I make sure we celebrate even small
initiatives onboard is Chief Engineer victories, and appreciate all effort put in”.
Jitendra Kumar Sabharwal. He says, Says Erle Wagle, Environmental
“It is always exciting to deliver higher Performance Manager, “BW Aries is a Finding new challenges
efficiency and run the vessel in the most new and efficient vessel, but onboard Chief Engineer Jitendra is setting his sights
economical way. Every ship and voyage is crew have done additional work further with this success. His future energy
a new journey of findings and learnings. in cooperation with Technical and management projects will be related to
Most of the time, it is just minute key Electrical Superintendents to reduce fuel the performance of auxiliary boiler, and
observations, which if taken care of, can consumption of generators which will give cylinder oil optimisation. He reflects “There
lead to surprising results.” us an annual saving of over USD100,000 is always immense scope to explore. We
and reduce the emissions from the vessels need to think and approach our daily
Elaborating on a particular initiative, by about 1,500 tonnes of CO2.” operations as if we are the owner, and
Jitendra adds, “As we had insufficient start taking initiatives from our end to
spare load to run only one generator Working as a team improve current operations, and have an
efficiently, the LPG compressors were Working to increase efficiency is a team eye for detail and passion to do better”.18 In The Spotlight World Horizon Issue 03/2015 Good to Great BW LPG’s new chief executive Martin Ackermann talks about building on the success of the company and driving the business forward With two decades of experience in the commercial LPG business, Martin has led a dynamic career in gas shipping. Up until this summer, Martin was the CEO of Evergas for the past seven years, where he led the rejuvenation of the former Eitzen Gas with a one billion USD investment programme, including pioneering the ethane transportation market as well as introducing dual fuel propulsion to the fleet. With Martin having embarked on his new role at BW LPG, World Horizon speaks to him to find out what he has in store for BW LPG.
World Horizon Issue 03/2015 In The Spotlight 19
Arathi Menon [AM] for World Horizon factor we have to embrace and we do AM: “With your busy schedule, how do
AM: “Why did you join BW LPG?” this by having an agile business platform you spend the little spare time that
that is supported by efficient systems you get?”
Martin Ackermann [MA]: “I have always and lean processes. MA: “On the personal front, my two boys
admired BW Group for its ability to drive Emil, aged 11 and Niels, aged 9 are both
market leadership as well as being an BW LPG has enjoyed extraordinary success a great source of joy and they inspire me
industry role model. I was very inspired over the past 18 months and has become to be present in every moment of my life.
about this opportunity and being able to an excellent industry platform. Our focus Time is always a scarce resource, making it
work with the world leader within LPG is long term and we will work to ensure important and ultimately more rewarding
transportation. Having been here now that the company remains well poised for for all of us to be present in the moment,
for a short period of time I am delighted capturing future growth opportunities and be it at work with our colleagues or at
that we have such a strong team and this remains competitive in scale and across home with our families.”
gives me a lot of confidence for the future. our business. Shipping markets are cyclical
by nature, thus it is vital to ensure that
We all spend an enormous amount of our our focus remains on being best in class
time in the workspace, thus what we do by delivering competitive and sustainable
has to matter. The BW values resonate very solutions to our clients.”
well with my own values and how I see
myself as a person. This combined with AM: “What inspires you as a leader?”
the opportunity to work for BW LPG made MA: “A good leader is someone who is in
the decision to join BW easy.” close contact with his or her team. Within
this team everyone is working together,
AM: “What are some of your key ideas aligned on goals, and growing together
for running a successful organisation?” within their respective responsibilities
MA: “The three key pillars that define to deliver results consistently. There is
success in an organisation are its people, already a strong team behind BW LPG and
a customer centred mindset and efficient I hope my direct, open and empowering
processes. People are the backbone of leadership style will help to further
any organisation. In BW LPG, we have a strengthen within the organisation.
pool of dedicated and talented individuals.
The company is already a very well-run There are so many great leaders in this
I hope my
company and I am looking forward to
working closely with our team, driving the
world who are a source of inspiration.
Mandela’s courage and perseverance to direct, open and
empowering
business forward. fight for justice without ever losing hope
and focus is inspiring. Another leadership
leadership style
The customer is still king. Understanding principle that has stayed with me over
the long term needs and demands of our the years is, “When you talk, you are only
customers will remain important for us to repeating what you know. When you listen,
move onto the next level and drive BW
LPG’s business forward.
you may learn something new.” Having
a collaborative leadership style, asking
will help to propel
Operational efficiency is key to ensuring
incisive questions, understanding socio-
cultural contexts and motivations of people the business
forward.
a high service level as well as cost are all crucial for good leadership.”
efficient operations. Change is a constant20 Global BW World Horizon Issue 03/2015
Changing
Directions
BW Offshore adopts a more
strategic approach to Supply ChainWorld Horizon Issue 03/2015 Global BW 21
“First and foremost it is a question about
communication and alignment. Many of our internal
customers have never been aware of the value that a
properly executed Supply Chain function can bring to
the business. There is also a need to move towards a
greater focus on value creation and not just cost.”
– Michael Skyum
P
rocurement is about spending just a cost cutting exercise. Senior Vice from all departments. Incorporating a
money and creating value for President Michael Skyum, Head of Supply procurement phase into Fleet and Project
the business that it supports. Chain, says, “First and foremost it is planning minimises last minute requests
Knowing how to spend the money a question about communication and and allows the procurement team
optimally and create value in the process alignment. Many of our internal customers increased flexibility in negotiating with
is important. For this, you need a clearly have never been aware of the value suppliers. This can translate into better
defined strategy. At BW Offshore, the that a properly executed Supply Chain value and cost efficiency. A mindset shift
Supply Chain Department (SC) is going function can bring to the business. There with regards to procurement together with
through a transformation to improve its is also a need to move towards a greater effective communication company-wide
practices to achieve better cost savings, focus on value creation and not just cost. is necessary to ensure that everyone is on
efficiencies and generate more value for Creating value means not always taking the same page.
the company. the cheapest option but ensuring that
the choice is the best one that satisfies For the procurement team, being
From reactive to proactive the requestor’s needs and requirements equipped with the necessary sourcing
Supply Chain practices have historically without being over-engineered.” skills and knowledge to utilise the various
been very reactive in nature with procurement systems is critical for a
individual orders placed when requests For example, value can be achieved when smooth transition. Proper training and
are made. The SC team is in the process shortened lead time for deliveries are courses are planned to ensure that all SC
of shifting towards a much more proactive secured or even when accepting higher personnel have the required knowledge to
approach in handling supply chain costs to acquire more durable materials do their part in this transition.
matters, where the company adopts a that can offer better performance and
long term mindset when thinking about thereby Life Cycle Cost. Providing an The bigger picture
their procurement requirements. This analogy, Michael says that, “Instead of The successful transition towards a strategic
involves working much closer with internal paying a dollar for a pen that lasts three focus on procurement can have benefits
stakeholders and vendors to understand months, we may pay three dollars for a outside of BW Offshore. The initiatives and
life cycle cost and form long term relations pen that last 10 years.” systems are being discussed Group-wide
that offers benefits for all parties. to look for synergies and achieve better
A collective journey procurement efficiencies. BW is always trying
An eye on value To implement this proactive approach to do better and this timely strategic review
This shift in strategy is much more than successfully, a collective effort is required readies our business for the years ahead.22 Global BW World Horizon Issue 03/2015
Gearing up for
the Next Phase
With a huge milestone achieved, Peregrino FPSO is getting ready for the next phase
T
he BW Offshore operated Peregrino installation.” The success of project was to proper work procedures. As the
Floating Production Storage a result of strong cooperation between installation required hot work, strict control
and Offloading (FPSO) vessel Statoil and BW Offshore teams. of the environment was also necessary
has successfully completed the to avoid incidents. This was managed
installation of two new crude oil pumps. This modification project was an important through pressurised habitats to control
These new pumps will feature an component for the preparation for the atmosphere in the work area. Even
increased output of 60,000 barrels per day Peregrino Phase II. This second phase will under such controlled environments,
which caters for future increase in demand expect to see an increase of approximately proper safety procedures for equipment
from the Peregrino field. In addition, the 250 million barrels in the field. The pump installation had to be observed.
new pumps are expected to have lower installation was considered a production
gas emission into the atmosphere. bottleneck and the successful installation Passed the 100 million mark
meant that the FPSO was on course for this On 2 August, 2015 the Peregrino
This project was assigned to the Brazil second phase. operations in the Campos Basin crossed
Modification Projects team by Statoil. the 100 million barrel mark. Brazilian
Benito Ciriza, Vice President for Brazil Safety First National Agency of Petroleum, Natural
Modification Projects said, “The entire Installing the pump in a challenging Gas and Biofuels reported earlier this year
project took about one year to complete, environment meant that all involved had that Peregrino is Brazil’s eighth largest
from designing the equipment specification to have an even greater awareness of field and has the second heaviest oil
to engineering, fabrication and safe work practices and strict adherence production rate.World Horizon Issue 03/2015 BW Group Fleet 23
BW Group Fleet: 156 vessels
As of 24 July 2015
Very Large Gas Carriers Large Gas Carriers LNG Carriers
No. of vessels: 35 No. of vessels: 5 No. of vessels: 15
Year of construction: 1990-2015 Year of construction: 1991-2003 Year of construction: 1984-2015
Average age: 7.9 Average age: 18.2 Average age: 7.4
Cargo carrying capacity: 78,000-84,000 CBM Cargo carrying capacity: 58,050 CBM Cargo carrying capacity: 125,200-162,500 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: 13
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: 0.7
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: 4 Very Large Gas Carriers: 8
Year of construction: 2002-2012 Year of construction: 1997-2010 Floating Storage & Regasification Unit: 1
Areas of operation: North and South Average age: 11.8 Liquified Natural Gas Carriers: 5
America, Europe, Asia Pacific, Africa Cargo carrying capacity: 19,400-22,000 CBM MR Tankers: 9
Areas of operation: Worldwide Chemical Tankers: 11
LR1 Tankers: 6
Total: 4024 Around the World World Horizon Issue 03/2015 Around the World 1. Meet the President BW Group Chairman Andreas Sohmen-Pao met Egyptian President H.E. Abdel Fattah al-Sisi at a Leaders Luncheon during the President’s state visit to Singapore in August. 1
World Horizon Issue 03/2015 Around the World 25
2. 4.
BW will be at Gastech 2015 Hollywood material
BW will be showcasing over Captain Leif Einar Olsen and
80 years of maritime energy Captain Petter Maelandsmo
transportation history and 40 were stars for a day when a
years of operational experience video crew boarded BW Pavilion
in LNG at this year’s Gastech in Vanda and BW Singapore to
Singapore. Find us at stand B110 film footage for a corporate LNG
at the Singapore Expo, from video.
27-30 October.
3.
Ahoy there little Captain!
Ole Theodore Teien, son of
Captain Jan Ivar Teien, was
onboard FSRU BW Singapore
when the vessel was at Keppel
Shipyard in Singapore. Striking a
fine figure in BW’s boiler suit, the
world is the little Captain’s oyster.
2 4
Captain Leif Einar Olsen
3
Captain Petter Maelandsmo26 World Horizon Issue 03/2015
5. 6. 7.
Godmothers to constellations Fifty Wings for 50 years A piece of cake
In a double shipnaming BW Group in August donated a BW Fleet Management
ceremony, President of BW public sculpture commissioned colleagues based in Singapore
Shipping Philippines Office by American artist James Surls celebrated the delivery of
Rosalinda Cruz and BW LPG in honour of Singapore’s 50th Product Tankers BW Kestrel and
HR Business Partner Sonia anniversary. The three metre BW Merlin in September with
Vaswani, as godmothers, named high bronze and stainless steel some cakes in the office.
Very Large Gas Carrier (VLGC) outdoor sculpture Fifty Wings
newbuilds Hull number 2723 draws its artistic inspiration
and 2724 BW Libra and BW from the Dipterocarp seed.
Orion respectively at Hyundai Dipterocarps are the tallest trees
Heavy Industries, Korea. in the rainforest, and can be
found in the Singapore Botanic
Gardens.
5
6 7World Horizon Issue 03/2015 27
8. 9. 10.
Crossing the Ts and Work hard, play hard Safe recovery
dotting the Is The BW Shipping team in On 25 September, condensate is on the next phases to prepare
The Finance team in Singapore Singapore organised a team offloading from Cidade de São the FPSO for disconnection,
organised a signing event for BW building session in July, where Mateus (CSM) to the shuttle repair and return to operation.
Pacific USD676 million facility colleagues tested each other’s IQ tanker Sao Luiz was completed The teams continue to maintain
and USD266 million facility in with general knowledge quizzes safely. The operation has been the strong HSEQ focus. The
June which involved 12 banks. and 3D puzzles. completed safely and in strict management takes this
BW thanks our bank partners for adherence to detailed procedures opportunity to thank everyone
their confidence in the company. required for such a challenging for their professionalism,
operation. This marks a major commitment and hard work in
milestone for the CSM Recovery reaching this milestone.
Project. Going forward, the focus
8 10
928 Around the World World Horizon Issue 03/2015 11. 13. Big trophy, bigger smiles 25 years of commitment Triumphant smiles from the BW thanks Captain Charles Leite winning team at a bowling and Chief Engineer Tor Arne competition held in conjunction Helgesen for 25 good years with an Officer conference held with the company. Presenting in Oslo from 23-25 September. gold watches as a token of this From left to right: Chief Engineers significant milestone is Vice Ole Raknes, Ragnar Ueland and President and Head of Fleets Thomas Pryde, and Captain (Oslo) Olav Lyngstad. Timothy Goldsmith (winner). 12. Meeting onshore Marine personnel department of BW Fleet Management held another successful Officers 11 Conference in Oslo from 23-25 September. 12 13
World Horizon Issue 03/2015 BW Cryptic Crossword 29
BW Cryptic
1
2
Crossword #2 3 4
Welcome to the BW Cryptic
Crossword. This puzzle consists of 5
cryptic clues all having a maritime 6 7
or BW-themed answer. (Some 8 9
lateral thinking is required.)
10
11 12
13 14
15
16 17 18
19
20
21
Contest rules:
22
• Please submit a scanned copy of your entry to lisa.lim@
bwmaritime.com by 30 November 2015, 1800h SGT (Singapore
Time) with your full name, department, email address and a
contactable number on the top right hand corner of the page.
23 • Three complete and correct entries chosen from a hat will
receive a limited edition BW Moleskine notebook.
• Winners will be notified via email. Answers will be revealed in
the next edition of World Horizon.
Across Down
2. Altitude with the (L) moved forward 1. Shorts that you wear that make things disappear
5. The right of the vessel 2. A home that is not heavy
7. After removing the ER 3. To transfer, also red wine of the Portuguese
8. The belt in the sky 4. In school and status
10. Hot attire, white & orange 6. Our way of making energy
14. Support that is not turned on 9. A good day greeting or a lover
17. A timekeeper that is not sitting 11. Protection on the beach
19. Safety from bombs, also used to store explosive materials 12. To salvage, also to make safe
20. Line for safety and a caring man 13. Jelly that runners use, also a fossil
23. An electric flow, also a strong force that can carry you 15. The English version of GDF Suez
16. Commissioned above a Captain
18. The roof covering the hull, also a collection of cards
20. The rim where robots and aliens fought
21. A Japanese staff with the brightest star in this system
Created on TheTeachersCorner.net Corssword Maker 22. Making light of liquid30 Special Thanks World Horizon Issue 03/2015
Special 25
October
Billy Chiu, SVP, Quality, Audit And Compliance
Dela Cruz Diosdado D., Third Engineer
Years
November
Rolf Harald Bjørnø, Chief Electrical Officer
Thanks
Serra Felicisimo II Tejero, Second Enginner
Villacura Bonifacio Jr. Opingo, Second Enginner
December
Alonzo Aurelio Romion, Motorman
Laserna Dindo Alinsod, Motorman
to...
Ole-Vidar Berglund, Electrical Officer
20
April
Bjørnar Jensen, Master
Surajit Chanda, Fleet Manager
Years
October
Dela Rosa Domingo Regla, Second Officer
Diaz Neri Severino, Bosun
Emilio Dennis Pacantara, Motorman
Gregorio Luisito De Vera, Engine Fitter
Guatno Enrico Cruz, Motorman
Paler Jerry Barrete, Third Officer
Sambit Srimany, Master
November
Aranzanso Jessie Florentino, Master
Cada Rodel Sagunde, Motorman
Castillo Rodelio Lasam, Mechanical Technician
Delgado Marvin Cabahug, Able Seaman
Gula Macario Jr T., Bosun
Ole-Anders Johansen, Master
Virtudes Robin Cadelina, Able Seaman
Villamor Antonio Cubrita, Second Cook
Pedrosa Joel C., Able Seaman
December
Jupio Tommy O., Able Seaman
Mohseen Khanche, Marine SuperintendentWorld Horizon Issue 03/2015 Special Thanks 31
15 10
October October
Almojuela Nestor O., Chief Cook Baclayanto Jose Errol Curio, Reeferman
Baluco Warlito R., Oiler Bartolome Aaron Clemente, Able Seaman
Years Bangoy Lorenzo R., Oiler Years Caramay Ariel Banaga, Able Seaman
Baticos Richard A., Fitter D’cruz Charles, Mechanical Technician
Briones Dennis T., Oiler Enriquez Nicasio Hernandez, Chief Engineer
Cabug-Os Michael, Able Seaman Gestopa Enrico Jr. Seno, Able Seaman
Canong Henry Ulaira, Chief Steward Cook Hernandez Julieto San Juan, Cargo Engineer
Chiva Ronnie L., Fourth Engineer Kouame Koffi Trinite, GP Marine
Chon Hyon Chol, Master Lim Eder Santos, Second Officer
Devender Kaushal, Second Engineer Plaza Rhys Sy, Master
Espana Joseph P., Able Seaman
Fernandez Irineo P., Oiler November
Gabayno Ronilo G., Oiler Balan Santhosh Kumar, Able Seaman
Gurin Sergiy, Offshore Installation Manager Diplo Rose Georgina, Planner
Kochukulam Appu Gireesan, Mechanical Technician Figueroa Mark Louise Lunasco, Ordinary Seaman
Knut Georg Kvifte, Manager Information Technology Medina Miguelito III Gabriel, Chief Engineer
Lancy Prasad D’souza, Chief Engineer
Lico Ernesto A., Able Seaman December
Lumandog Romeo Jr V., Fourth Engineer Baidaks Konstantins, Fitter
Loable Cirilo Abiado, Electro Technician Dissamoussa Patrick, Process Operator
Mag-Usara Bruce B., Pumpman Rutagines Louie I., Messman
Malik Purna Chandra, Motorman
Melvin Cardozo, Chief Cook
Naciongayo Fred T., Oiler
Nastor Ronaldo S., Able Seaman
Preciosa Jevey J., Oiler
Pryde Thomas William, Chief Engineer
San Martin Yorino S., Bosun
Tarrant Philip, Master
Tequil Nemesio B., Pumpman
November
Abdul Rasheed, Cook
Cabasa Ramon Benadera, Second Cook
Chandrashekhar Menon, Master
D’souza Urban Dominic, Sr. Maintenance Technician Deck
Joseph Joshy, Engine Fitter
Kurup Kesava Velayudha, Electrical Officer
Lagura Arnie D., Bosun
Malaluan Justino T., Pumpman
Maruvan Krishnan, Electrician
Naringahon Ruel Rada, Able Seaman
Torre Wilfredo T., Third Engineer
Yong Meng Heng, Procurement Controller
December
Aguilar Rodrigo Q., Third Engineer
Almirol Garry G., Third Engineer
Banagan Ronaldo Pingol, Second Officer
Chee Emmanuel Orate, Chief Engineer
Dcouto Burk, Engine Fitter Retired
Johnson Michael, Production Superintendent
October
Kalinin Viacheslav, OIM
Dinesan Ashari Kandi, Able Seaman
Nallasubbu Sekar, Third Engineer
Tore Rødbøl, Master
Rajiv Atrey, MasterH e r i t a g e
This photo was taken at SingaPort ‘94. The exhibition and
conference gave an opportunity for shipping businesses to display
new products and meet new clients from all over the world.
Dr Helmut Sohmen gave the keynote speech on “Challenges and
Prospects in International Shipping Beyond 1995”.
Fifth from Left, then Minister for communications and Minister for
the Environment Mr Mah Bow Tan, with Dr Sohmen.
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