ABS Regional Vice President of the Middle East Joe Brincat and ABS Senior Engineer Simon Zhou represented ABS at the third annual Middle East OSJ Conference held at the Westin Mina Seyahi hotel in Dubai 18-19 May.
Organized by Riviera Maritime Media, the conference brought together a hundred delegates from the industry, leading shipowners, oil and gas majors, shipbuilders and technology experts to discuss issues impacting the offshore support vessel (OSV) sector, including innovative approaches to managing costs effectively, improving safety and efficiency and the current market opportunities.
Joe Brincat chaired the session on OSV operation and design. In his role, Brincat oversaw two presentations and discussions. The first addressed low-capex vessels in shallow waters – their market demands, operational capabilities, and improving operational flexibility and adaptability to changes based on supply and demand. The second covered the topic of large high-speed crew transfer vessels and how owners can benefit from the new designs, improved capability and latest technologies. The speaker explained what makes these designs cost-effective, versatile and fast and the cost implications involved. Brincat lead the question and answer exchanges that followed the presentation, pointing out that offshore industry players are looking for low-capex vessels today, having restricted cash flow and a lack of bank support in a business climate defined by low charter rates.
Simon Zhou, gave a presentation in the early morning session on day two that focused on cost reduction through technology and innovation. Zhou’s presentation addressed the cost efficiencies of green technologies and covered four main topics: the rationale and reasons for owners going green; energy efficiency design index for new ships and ship energy efficiency management plan; alternative fuels focusing particularly on LNG; and electric hybrids – alternative fuels and gas hybrids.
The main theme over the course of the two-day conference was how industry can adjust to a low and uncertain oil price environment, covering such subjects as the regional and global implications of the low oil price; opportunities, threats and challenges in the local and global offshore support markets; improving efficiency without compromising safety.
ABS Regional Vice President of the Middle East Joe Brincat represented ABS at the third annual Middle East OSJ Conference held at the Westin Mina Seyahi hotel in Dubai 18-19 May.
ABS Senior Engineer Simon Zhou represented ABS at the third annual Middle East OSJ Conference held at the Westin Mina Seyahi hotel in Dubai 18-19 May.