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BWFM Presentation Template (Updated May 2018)
BWFM Presentation Template (Updated May 2018)
Best on Water
February 2018
1
Overview of BW
History, Structure, Business
1962
First
newbuild 1965 1978 2002
(bulk Entered Sir Y.K. Pao Acquired &
carrier) VLCC knighted by delisted
delivered segment QE II Bergesen 2014
Formed
2010 tanker JV 2016
Acquired with PAG
1955 1964 1973 1999 Prosafe
Formed
BW Dry
Founded by Entered 150th Acquired
Formed LNG Cargo
Sir Y.K. Pao product newbuild N&T Argonaut 2006 Formed LNG JV with
tanker order Listed JV with Pavilion Acquired
segment BW Gas Marubeni Energy Aurora LPG
Best on Water
Our mission
We act for the future
We deliver great solutions to our customers with Zero Harm.
We navigate in cyclical markets by investing wisely.
We use our maritime expertise to serve society.
Our values
Collaborative Ambitious Reliable Enduring
• We engage our customers • We recognise that to be our • We deliver on our promises • We serve our customers with
eye-to-eye and find solutions customers’ first choice we to customers and colleagues a long-term perspective
together must set the bar high
• We trust and depend on • We persevere based on our
• We engage positively and • We challenge our own each other as colleagues commitment to the
constructively with our performance and goals, as company’s legacy and to our
colleagues individuals and as teams • We recognise that future success
accountability and reliability
• We are open, genuine, and • We give and we value are essential for efficiency • We stand firm when we meet
transparent in everything we honest and respectful and success resistance
do feedback
Inspired by: Inspired by: Inspired by: Inspired by:
“We create energy through “We always try to do better” “We deliver on our “We act for the future”
collaboration” promises”
4
We believe in Zero Harm
ZERO HARM
– BW Safety Culture
Operational Resilience
- Ability to bounce back in unexpected situations -
6
BW Group structure
BW Group Limited
BW LNG BW Chemical
BW Tankers
BW LPG BW VLCC Tankers BW Dry Cargo
(LNG shipping
BW Offshore (Product
(LPG carriers) and gas (Crude tankers) (Chemical (Bulk carriers)
(FPSOs, tankers)
solutions) tankers)
installation)
BW Fleet Management
(Shared technical services)
7
A large presence in maritime energy
transportation
• World’s largest owner • Involved in gas shipping • World's second largest • BW is a financial
and operator of VLGCs and floating LNG import contractor with 14 investor in DHT with
• Total carrying capacity terminals (FSRUs) FPSOs and 1 FSO 33.5% shareholding
of 4.5 million cbm • 20 LNG carriers and 3 • Over 30 years of • DHT owns one of the
• Listed on Oslo Børs FSRUs including production, executed world’s largest privately
• 48 VLGCs, 3 LGCs newbuilds 38 FPSO and FSO projs. managed VLCC fleet
• Listed on Oslo Børs • DHT is listed on NYSE
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One of the world’s largest shipowners
BW Group operates over 130 vessels (excluding BW Offshore) in our fleet, one of the largest
energy shipping fleets in the world
No. of No. of No of
No. of vessels 2019
Fleet Overview vessels vessels vessels by
Start 2015 onward
Start 2016 Start 2017 End 2018
LPG Vessels 27 29 25 23 2
LNG Vessels 13 15 16 17 3
FRSU 0 1 2 2 1
Dry Bulk 7 7 8
9
Location of main offices worldwide
Norway
BW Fleet Management
BW LPG
BW LNG
BW Offshore
Singapore
Demark BW Fleet Management
BW Pacific BW Offshore
BW Dry Cargo BW Pacific
BW LPG
BW Chemical Tankers
BW Dry Cargo
USA
BW Offshore
BW LPG
BW LNG
BW Pacific
BWFM – Houston
Philippines
India
BW Fleet Management
Brazil BW Fleet Management
Nigeria
BW Offshore BW Offshore
BW Manning Services
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BW Fleet Management
What we do, how we operate
A highly experienced leader team
that delivers
The BWFM leader team is based out of Oslo, Norway and Singapore
Lars Pedersen
Managing Director, BWFM & Country Head
Knut-Helge Knutsen
• Joined BW in 1996 and assumed
VP, Head of Fleets (LPG)
role of Head of Department in 2009
• Previously in DNV GL
• Joined BW in 2013 and assumed
role of Head of Fleets (LPG) in 2016
• Previously in DNV GL and Veritas
Katja Heggedal Petroleum Services
Head of Human Resources, BWFM
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BW Fleet Management (BWFM)
BWFM operates mainly from Oslo and Singapore, with manning offices in India and the Philippines
3 Control resources
Manage newbuilding
2
projects from the design
phase to delivery Recruit, develop and retain
4 highly effective maritime
professionals
13
In-house fleet management team
ensures quality
BWFM manages the entire value chain throughout a vessel’s working life
Procurement
BWFM employs:
Global Manning
169 shore staff
Technical Fleet Management
14
20 years of history in newbuilding projects
80 vessels have been delivered in the last 20 years with a pipeline of 20 vessels to be delivered
VLCC LR1 / MR
VLGC Chemical Tanker
LNGC Dry Bulk Carrier
FSRU LR2
2018
s -Quality
2014 2015 2016 2017
Annual Focus s Harm Implementation
-HEOCs review -Activitiessadressing hierarchies, s Zero Harm House
-Launch the --Implement Zero s s
-Improve incident investigations Behaviours by strengthen
Areas: pressures and capacity
s
-Improve engagement, risk s s exisiting
s initiatives and
awareness and rule compliance
4.0 tools
TRCF 12Months Running Average LTIF 12Months Running Average
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
• Risk Assessment/
Toolbox Meeting/ Stop
• New RA Process Work/ Evaluation
• Stop Work Authority PPE • Strengthened process
• Pocket Safety Guide LOTO upgrade for Work Planning
Human
Human
Element
Element BCF Project
Development
Survey
Areas
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Zero Harm Behaviour
Anchored in Key Processes
Hire Decision
• Individual development needs identified
Zero Harm
Behaviours Zero Harm Appraisal
• Targets for development & performance
• Review of Target completion and performance
• Update individual development needs
Continuous development
• Zero Harm Behaviours Competency Framework
• Zero Harm Appraisal
18
19
BW Fleet Management
Appendix
From commercial opportunity to delivery
The Newbuilding and Projects team is responsible every step of the way
Commercial
Sea trials Naming
decision
and ceremony Delivery
to build a
gas trials
new ship
Phasing in
Shipbuilding other
contract and Departments Gurantee period
specifications (12 to 24 months)
(4 to 6 months)
(3 to 6 months)
Spares
Drawing Site and
Approval Supervision Upstoring Operation
(6 to 12 months) (11 to 36 months)
(6 to 12 months)
21
Dedicated site teams
The Newbuilding and Projects team is responsible every step of the way
22
BWFM’s crewing policy
Strong emphasis is placed on recruitment, training and welfare
23
Record fast-track FSRU implementation
in Egypt
The FSRU project with EGAS required a fast track schedule – 5 months from project inception to
1st gas – a record time for implementation in the industry. BW Singapore has managed 100%
operational up-time
24
Our latest FSRU project will be located
in Pakistan
Our newbuild FSRU offers a low environmental footprint, high efficiency, storage capacity in
excess of 170,150 cbm and a peak regasification capacity of 750 mmscfd
25
Our third FSRU will be delivered in 2019
New state-of-the-art world scale FSRU with capacity of 173,400m3 is able to take full load
of LNG cargo
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