Offshore Marine Solutions to the Oil and Gas Industry

Marine offshore business review 2O15 1

02 I leadership view 04 I PROFILE 06 I Worldwide Presence 08 I HIGHLIGHTS 10 I MARINE TECHNOLOGY 12 I RESEARCH AND DEVELOPMENT

Marine activities I 14

16 I A WORLD OF SERVICEs 18 I bulk carrierS 20 I CONTAINER SHIPS 22 I oil & chemical tankers 24 I gas carrieRS 26 I passenger ships 28 I warships 29 I DREDGERS 30 I tugs & special purpose vessels 31 I inland navigation 32 I gas fuel 33 I MARINE ADVISORY SERVICES CONTENTS

OFFSHORE activities I 34

36 I COMPLETE COST CONTROL 38 I Floating units 39 I Verification services 40 I Subsea 42 I offshore service vessels 44 I marine renewable energy 45 I OFFSHORE advisory services 46 I OFFSHORE RISK ASSESSMENT

48 I THE GROUP AT A GLANCE 02 03

Throughout the turbulence

in 2015, Bureau Veritas NO OPTION INVESTING was a steadfast partner, FOR NON-COMPLIANCE FOR THE FUTURE helping companies under The most essential role of class is to keep Our relationships are built for the long term. its clients safe and in business. Despite Just as owners and operators continue stress maintain quality intensified Port State Control scrutiny, to invest in new projects and new technology, increased regulatory burdens and more Bureau Veritas continues to invest in improving while smoothing the way stringent environmental demands such our services. as reduced air emissions and ballast

for those who were able water management there is no option We acquired HydrOcean, giving us unrivalled LEADERSHIP VIEW for non-compliance. Owners and operators capability in the CFD field. That delivered to move into new markets. have to comply to operate, and Bureau Veritas results in more efficient ships and offshore worked hard in 2015 to provide specific and units as optimization could be achieved Philippe Donche-Gay, tailored assistance to ensure that standards much more quickly and over a wide range President Marine & Offshore Division are maintained. That meant providing of conditions. In 2016 we will see an even fleet managers with a six month review greater impact as this powerful technology

rev i ew 2015 BU S I NESS mar i ne & offshore and root cause analysis which drills down becomes an integrated part of the division’s to identify problems. It meant developing tools and services. a focused safety scheme for passenger ships and especially ro-pax ferries with a strong During 2015, the Marine & Offshore emphasis on training and support for owners. Division initiated its digital transformation. It meant developing and publishing a wide Part of this program was the adoption range of detailed guidance notes which cut of Dassault Systèmes 3D-Experience platform through the regulatory burden to help for our design review teams. Interfacing managers and offshore operators make with all our calculation tools, this collaborative the right choices of how to operate and platform will help us to dramatically cut what to purchase. approval time for new designs, as illustrated by a pilot project with SDARI in China. TECHNOLOGY Over time, our ambition is to build a complete AND SERVICE SUCCESS 3D model of every ship and unit we work with. These digital twin platforms will be used 2015 was an exciting year for many sectors for lifetime maintenance of the ship or offshore of shipping and offshore. Technology delivered unit and will help us deliver more services Resilience with good service underpinned success, more quickly. as ships grew bigger and more complex. Bureau Veritas was chosen by MOL to class Looking ahead we see continuing instability and agility the world’s largest FSRU. We were chosen in all the key markets we serve. That makes to class the first LNG-powered high-speed our role as a steadfast partner who can keep luxury cruise ferry for Tallink. Our fleet grew you safe and in business through the difficult steadily as owners moved large blocks times even more important. It puts more of tonnage to BV class. In the container ship emphasis on our ability to help you innovate sector, Bureau Veritas was among the societies and move into new sectors safely and with In a year of market shocks that put many sectors of the Marine & Offshore industries leading the way with structural assessment. confidence. That is what we have always done under severe pressure while others enjoyed an unexpected boom, the key qualities It is now serving all of the world’s top three and we will always be here for you. Our digital transformation is simply a way of investing needed by operators were resilience and agility. Resilience to maintain quality of operations container ship operators, Maersk, CMA CGM and MSC, and the BV-classed container ship in being a better partner.  while drastically reducing costs, and agility to change course and move into areas offering fleet grew 21 percent in teu. In tankers better prospects. Throughout the turbulence Bureau Veritas was a steadfast partner, we were entrusted with more than sixty helping companies under stress maintain quality while smoothing the way for those new orders as owners opted for BV class across all sizes and types of tanker. who were able to move into new markets. But we did not let the current choppy waters We classed the world’s largest asphalt carrier. divert us from looking ahead, notably by investing in digitalization to support companies We helped owners react to market events, with better and faster services in the future. such as Springfield quickly converting a series of VLOCs into pure VLCCs and Exmar switching the use of the world’s first FLNGs. 04 05

About Bureau Veritas’ PROFILE Marine & Offshore teams

Bureau Veritas is one of the world’s leading classification societies and offshore safety and verification bodies. A diverse network of engineers and technologists are 2,600 dedicated to ship and offshore safety and efficiency. people in marine They set, measure and inspect standards for structures, & Offshore materials, machinery and operations and share their expertise through advisory and support

ness rev i ew 2015 bu s i ness mar i ne & offshore services and training.

1. 2. 3. 4. 5. 6. WHO? WHAT WHAT DO WE HOW DO WE WHERE? WHAT MAKES 2,600 people in Marine Close to our clients, & Offshore DRIVES US? DO? WORK? wherever they are US DIFFERENT? Keeping our clients’ Provide our clients Hand-in-hand Our commitment to We are experts in our chosen crew and assets safe, with the support with our clients We operate as a global network, the Marine & Offshore fields: marine surveyors and every day and knowledge following global standards, but industries engineers, naval architects, Our clients see us as true partners. able to react to our clients’ needs they need We are deeply involved in the structural and materials specialists. Risk is ever-present. Protecting Our relationships are built on locally. With 16 regional plan marine and offshore industries. The common thread: our thorough our clients’ people, ships and Our teams apply their knowledge years of service, transparency offices, five offshore technology We seek to share our knowledge knowledge of Marine & Offshore offshore structures from accident and expertise every day to help and trust: we work alongside centers, three research centers widely, and use our extensive industries. We continually develop drives every decision and action our clients solve complex technical our clients, providing the advice and 180 survey offices, we are work with clients, industry bodies and reinforce our expertise through we take. This deep sense of problems, meet regulatory and calculations they need, and always within reach. Information- and authorities to bring about training, the experience we gain purpose makes us go beyond requirements and optimize safety sharing our knowledge through sharing platforms across our positive change. Our people by working with our clients, and our the scope of individual projects and performance. We develop training and technology. We work network and with our clients, are proud of the role they play leading-edge research projects.  to find new ways to anticipate and advanced technology and tools, closely with the entire marine and combined with our open, in creating long-term value for manage risk across the industry, which we share with our clients. offshore community: designers, transparent way of working, our clients, supporting innovation promote health & safety, and As a classification society, yards, equipment manufacturers, mean we are set up to manage and helping the industry move protect the marine environment.  we bridge the gap between contractors, shipowners, oil majors projects internationally.  international regulations and ship and administrations around forward safely. In return, designers, builders and operators. the world.  our clients recognize and value By setting rules for ships, offshore our commitment to service structures and onboard equipment, and technical excellence.  and checking they are met, we contribute to safer seas.  06 07 ● ● Opening new offices and building teams in the USA Dutch and German shipowners and shipyards saw opportunities and Canada led to new contracts for LNG-powered during 2015. There were major orders for sophisticated ships to be vessels and newbuilding contracts for bulk carriers built in Europe, specially in Scandinavia, and also orders for fleet from a leading US owner. The offshore team in Houston replacement of smaller vessels as owners saw the market bottoming. was further strengthened, and more focus placed on Bureau Veritas was able to provide the technical expertise to support delivery of AIM services to help operators through sophisticated orders. Our global network also enabled us to give the oil price squeeze. That same squeeze made confidence to smaller owners in Europe ordering ships in China US shipyards look globally for new business, and Vietnam. The Greek shipowning community moved swiftly to brace and we were able to enter these yards to support themselves for the crisis and to take up opportunities it offered. Leading the new client base. Brazil and Mexico both faced owners in Greece are embracing the digital revolution with enthusiasm slowdowns caused by the low oil price, but both and will be among our first partners to experience the benefits countries are likely to offer new perspectives of digital transformation. Bureau Veritas set up a strengthened office for their energy markets in 2016. Bureau Veritas in Cyprus to support shipowners and managers and also offshore has strong local teams and technology in place energy growth in the region. to partner both local companies and global e u rope players already present or entering these key markets. presence worldwide amer i cas ness rev i ew 2015 bu s i ness mar i ne & offshore

● Key new technology and research centers in Singapore and Shanghai brought technology closer to clients in Asia. Despite the low oil price, there was considerable offshore conversion activity under BV class in Singapore and around Malaysia, including orders for i f c ac new types of vessels such as ice-class diving support vessels. Offshore energy projects in the region moved to BV class to benefit from the strong local presence and AIMS expertise. Bureau Veritas grew its footprint in South Asia for naval ships to be built locally to BV class Marine & Offshore in India, Bangladesh and Indonesia.

A s i a P Close work with major South Korean ● yards supported an upturn in orders Worldwide Presence for them as the focus of global owners In the Middle East the biggest challenge turned to very large containerships, and opportunity is the reintegration of Iran tankers and LNG carriers. In China, into the global economy. Bureau Veritas support for yards using CFD technology geared up to be ready to reclassify the fleets The falling oil price and volatile freight rates changed markets right across to optimize hulls and improve energy and support fleet renewal and offshore and efficiency was crucial to quickly turn the globe during 2015. Those changes created opportunities for some and risks onshore energy developments. Separately, around projects for the new designs a number of warships were built and delivered the market needs. for others. Bureau Veritas strengthened and widened its network and increased with Bureau Veritas class to Mozambique the services available locally in every part of the world to ensure it could offer to provide security for growing offshore the right support at the right place. That meant more focus on OPEX services Midd le E as t developments, and major warship order for Saudi Arabia was placed to BV class. in areas with abundant offshore energy, more focus on LNG fuel in areas In 2016, the need for hands-on practical with tighter air emission rules and more focus on tailored services for shipowners training across the region in issues such under financial pressure. And more focus everywhere on deploying advanced as handling LNG will be met by new partnerships, which we developed during technology to deliver the exact service needed. an d afr i ca 2015. In Africa, offshore energy developments continued with increased local content

supported by Bureau Veritas. moodboard © Thinkstock, 08 09

1 10 LNG-FUELED FERRY 5 AUSTRALIAN OFFSHORE Bureau Veritas is to class a RESEARCH HUB unique LNG-fueled high speed Bureau Veritas has joined and high capacity passenger Shell, Woodside, LR and ferry which has been ordered the University of Western 3 by AS Tallink Grupp for © DR Australia to set up a research the Helsinki-Tallinn route. hub aimed at developing new The 2,850-passenger vessel solutions for the design and will have a service speed operation of floating facilities

of 27 knots and will be built by for future Australian oil and gas H ighlights Meyer Turku. Tecnitas has done projects. The hub will focus on risk assessment studies for 6 transforming the technologies © DR the LNG bunker operations.  and assessment methods for efficient design and 7 capitalizing on the data from 2 4 10 BIG GREEN BOX SHIPS current offshore facilities.  © DR INTERNATIONAL Liner major CMA CGM PILOTAGE CERTIFICATION has taken delivery of its three Bureau Veritas has issued biggest container ships yet. 11 its first certificate under the Led by the 17,722 teu CMA CGM LLOYD’S LIST AWARD ISPO (International Standard Kerguelen, the BV class ships FOR BV GREECE for Maritime Pilot Organizations) were built at Samsung Heavy Bureau Veritas Hellas was standard of best practice Industries. They are equipped awarded “Piraeus International for pilots and pilot organizations with the latest environmental Center 2015” during the 2015 ness rev i ew 2015 bu s i ness mar i ne & offshore Diversity technology, reducing CO2 Lloyd’s List Greek Shipping to the Pilotage Authority, Port of Cork, Ireland. emissions by 10 percent. Awards Gala Dinner. Bureau The ISPO is an accessible 11 Their environmental footprint Veritas is the first classification industry-specific standard that and depth conforms with forthcoming 2025 society to win this. improves safety and quality, energy efficiency regulations.  The award was handed and provides transparency to to Lambros A. Chahalis, shipowners and stakeholders 5 Vice President, Regional 8 Chief Executive Hellenic & on pilotage standards.  HYDROCEAN In 2015, Bureau Veritas demonstrated the range Black Sea Region, by Captain CFD EXPERTISE OFFSHORE COMMITTEE of its services for the Marine & Offshore industries, ESTABLISHED Panagiotis N. Tsakos, Vassilis Bureau Veritas acquired 3 Papageorgiou and Panagiotis and the depth of its expertise. HydrOcean, a French Bureau Veritas brought N. Tsakos Junior, on behalf of the ARCTIC ICE-BREAKING engineering company together 21 leaders from the sponsor “The Tsakos Group”.  LNG CARRIERS specialized in hydrodynamic offshore industry to establish Bureau Veritas is classing digital simulation for the a European Offshore Technical the series of fifteen innovative Committee. The committee is maritime industry. HydrOcean 12 Arctic-capable LNG carriers 7 provides design support for the made up of operators, EPCI 1780 FRIGATE freeboard under construction in South construction of ships, offshore contractors, shipyards and certificate Korea’s DSME yard for the Yamal structures, yachts and marine manufacturers and will help Bureau Veritas reviewed the LNG in Russia’s high Arctic. energy systems. Its focus is Bureau Veritas to deliver plans and vessel stability The 172,000 cu m vessels on assessing and optimizing better rules and services to information and provided can operate in second year hydrodynamic performance. the offshore industry through construction monitoring and ice up to 2.5 m thick. The company has co-developed experience and feedback assistance in sea trials for the They are dual-acting, navigating advanced digital simulation sharing.  44.5 m replica of the historical in light ice or open sea bow tools in partnership with Ecole frigate Hermione. The 1780 first, then navigating astern Centrale Nantes’ fluid dynamics 9 vessel was built using original to break heavy ice.  laboratory.  SUPPORTING STEM methods in Rochefort, France Bureau Veritas teamed up and sailed with a volunteer crew 4 6 with oil major BP to develop to the USA to commemorate the American-French relationship.  FIRST ETHANE- JACK-UP RISK MANAGEMENT project management training POWERED SHIPS Bureau Veritas and Tecnitas materials and to deliver Bureau Veritas is classing helped UAE companies project management training the first ethane-powered ships, to manage risk and aid in Scottish schools as part 12 a series of eight 27,500 cu m compliance with the OPCO of the STEM in the Pipeline multi-gas Dragon-class vessels Standard for jack-up units project. The scheme promotes being built at Sinopacific, by documenting a jack-up STEM (Science, Technology, China, for Denmark’s Evergas. unit specific safety case Engineering and Mathematics) The vessels are configured and demonstrating that all to schools and, with the University for transport of ethane, LPG elements and systems critical of Aberdeen, enables industry or LNG and have options for to the safe operation of the professionals to work with ethane, LNG and conventional jack-up unit are adequate school students on realistic diesel power.  for the proposed operation.  industry projects.  Hermione – La Fayette © Association © Haropa 10 11

Harnessing Damen is an international shipyard group with a simple philosophy. digital benefits We deliver tried and tested designs of competitively priced and innovative vessels 4% Jaap Gelling, by listening to the customer’s needs. Managing Director, Since we developed the AXE bow concept fuel saving Damen High Speed with Delft University high speed craft have by trim Craft been an extremely good growth area for the optimization group. We had a record order book last year A strong focus on digital technology linked the key initiatives and I see a strong future for patrol craft. of the Marine & Offshore business in 2015. The aim was to harness the power High speed craft need special solutions and

that is why Bureau Veritas is our class of M arine T echnology of digital transformation to improve services while at the same time ensuring choice. They are strict but they are willing to that ships and clients are protected from harm. listen to us and work with us not against us. ness rev i ew 2015 bu s i ness mar i ne & offshore

1. Self-propulsion evaluation with rotating propeller. 2. Safer software. The first trials of powerful 3D models which will 3. automate large parts Ballast water © Fotolia-Igor © Islandstock/Alamy management. of the design approval calculation cycle began alongside the development of new ways to test software for THE POWER OF CFD SAFER SOFTWARE ULTRA LARGE BALLAST WATER safety-critical systems. CONTAINER SHIPS MANAGEMENT Improved productivity in The speed and power of Computational Class moved into a new digital area during the design review process Fluid Dynamics, delivered by HydrOcean, Bureau Veritas’ chairmanship of IACS Development of updated class rules Critical to shipowners is the choice slashed drawing approval underpinned the hull optimization of a new in 2014-2015. An initiative was launched for ULCS which will be published in 2016 of BWM system they will face in 2016. times. New 3D models generation LNG carrier developed jointly to develop testing requirements for software and allow greater capacities within the current When the Ballast Water Convention enters and automatic interface with Total and Samsung. CFD was used in safety critical equipment onboard ships. maximum dimensions was based on highly into force owners will face difficult choices with calculation tools will to get the best hull design for eleven new ship While this effort is gaining momentum advanced equivalent design wave loadings. to choose and install equipment. During 2015 Bureau Veritas developed further improve service designs in China alone. HydrOcean also used at industry level, Bureau Veritas published The new loads, the power of CFD and guidance for owners and trained dedicated to yards during 2016. CFD to develop a trim optimization tool which Hardware-in-the-Loop (HIL) testing our energy tool SEECAT will be deployed teams to help ensure that owners using was trialed on a large container ship with CMA guidance and requirements. Working with together to develop the most efficient hull BV class will make the right choices, CGM, providing on-board guidance on trim the French atomic energy authority CEA, shapes and power plant choices for have the right equipment installed in both waves and calm water, reducing fuel we also developed broad software testing the ULCS of the future. correctly and will not be delayed. use by 2-4 percent. frameworks, encompassing functionality, safety and security. 12 13

École Centrale Nantes is one of the major MORE PRECISE, French Schools of Engineering, home to the main French laboratory on marine hydrodynamics. Building on the acquisition of HydrOcean by Bureau Veritas, MORE FOCUSED David Le Touzé, we created a 10-year international research chair Professor, École programme on hydrodynamics. We will jointly develop Centrale Nantes and assess numerical methods to study hydrodynamic and coupled hydro-structural problems related to ship performance and safety. I am also working with Bureau Veritas and other industrial partners on other Bureau Veritas’ research and development teams collaborative projects related to using CFD in the marine environment. Bureau Veritas is a major partner and the were busy in 2015 working with universities, industry and institutes collaboration is very fruitful. We have made many advances around the world to make our rules and tools more precise, which will be much increased with the new chair programme. and easier and faster to use.

The pilot project focused on oil tanker designs and will be completed in early 2016. The same model 10 ness rev i ew 2015 bu s i ness mar i ne & offshore will then be used to create a lifetime digital twin year program of the ship or unit which will form the basis of RESEARCH AND DEVELOPMENT an enhanced Asset Integrity Management System. It will enable simple collation of lifetime data 20 on the structure, facilitate maintenance and repair people research decisions and the rapid delivery of new services. group € 7,5 m CONTAINERSHIP RULES research The powerful principle of equivalent design waves chair was used to underpin development of a new set of rules 1. for containerships, to be launched in 2016. The more View of an LNG carrier 3D model powered by the realistic loads make the rules more precise and allow 3DEXPERIENCE platform. the normal use of direct calculation for the structure. New formulas are being derived for extreme and fatigue loads based on spectral analysis of a large number of vessels. Bureau Veritas is leading the way in class, introducing this concept into all areas of new rules, not just those covered by IACS URs. A new IACS group The rules and guidance on on whipping for containerships was launched under fatigue assessment of ships and Bureau Veritas leadership. offshore units were improved by developing better structural hot spot stress methods and CFD TEN-YEAR PROGRAMME implementing root structural weld 3D MODEL stress. These moves improved A ten-year partnership including a professorship fatigue life assessment using direct Bureau Veritas and Dassault Systèmes began a trial between Bureau Veritas, the Ecole Centrale de Nantes, simulation of fatigue damage and project with China’s SDARI design institute to use HydrOcean and Nextflow began work on using CFD crack propagation. Development Dassault’s 3DEXPERIENCE platform to dramatically in a variety of contexts. These include: ship safety, of automatic meshing tools for speed up the creation of detailed 3D models of ships seakeeping, hydro-structure, green water, slamming, notches or crack tips is ongoing and floating offshore units. The full 3D model mooring and offshore operations, multibody interactions, and a new guidance document on of the ship or offshore unit will interface directly with riser and mooring lines coupling, performance in waves, fatigue assessment will bring all all our powerful calculation tools to reduce design added resistance and damping coefficients. Furthermore, the developments together in 2016. approval times. The model will work directly with the SeaFD project, as part of the Cooperative Research 2. Ship framework, will build a common open source CFD Aerodynamic VeriSTAR tools to assess structural strength, computations hydrodynamic effects, stability, vibration and program to enable CFD seakeeping calculations for gas dispersion all other required design or performance criteria. for ships and offshore units. simulations. 14 15 M ar ine activities

16/ A WORLD OF SERVICEs ness rev i ew 2015 bu s i ness mar i ne & offshore tivities 18/ bulk carrieRS 20/ CONTAINER SHIPS 22/ oil & chemical tankers 24/ gas carrieRS 26/ passenger ships 28/ warships 29/ DREDGERS 30/ tugs & special purpose vessels 3 1/ inland navigation 3 2 / Gas Fuel

3 A world of services ECO-SHIPS SURGE Many of the bulkers built to BV class and delivered during 2015 were to Bureau Veritas grew its classed fleet in 2015, and also grew its range new eco designs, giving owners extra capacity and lower fuel consumption. Bureau Veritas made sure the designs were safe and had adequate installed of services, helping smooth the path of every area of marine endeavor. power. Powerful optimization across a wide range of loading conditions The classed fleet grew by 5.5m GT, or 370 ships, as owners voted using the speed of CFD provided by HydrOcean is underpinning new designs with their tonnage to take advantage of the global network for containerships and gas carriers with improved fuel efficiency.  and expertise we deliver in every sector of shipping. Marine activities The introduction of CFD into many services and moves towards a digital platform, coupled with the spread of lean management 4 techniques, continually speeded service CONFIDENCE IN CLASS FOR TANKERS delivery to cut costs for owners Bureau Veritas saw its market share surge as owners opted ness rev i ew 2015 bu s i ness mar i ne & offshore and yards. for BV class across all sizes and types of tanker. VLCC orders included a full spectral analysis of the new cross tie-less design for Greek owners and a series of 340,000 dwt vessels for a South Korean owner. The quick reaction of our plan approval teams to help a leading Greek owner convert VLOCs into VLCCs enabled them to benefit from the good tanker market. 

5 POLAR ICE CHALLENGES 4 1 Bureau Veritas led the way in moving 2 gas cargoes in heavy Arctic ice and extreme winter conditions, classing fifteen unique ice-breaking LNG carriers for the Yamal project, and being chosen to class the first new passenger vessel to be built to Polar 2 Code requirements. Developing BIGGER BOX VESSELS powerful software to determine ice 1 loads and deep research into safe Bureau Veritas pushed the boundaries podded power use on ice breaking GOING FOR GAS POWER of container ship technology to class vessels were key factors in pushing the biggest box ships built in China, the polar boundaries.  Bureau Veritas led the way towards and to class a new series of 20,000 teu the use of gas as a clean fuel for shipping plus vessels. It launched projects by publishing rules and guidelines which with major liner operators and design 3 will help develop an LNG bunkering chain institutes to bring forward safe and and help owners to prepare new ships for efficient designs for the containership gas fuel, even if they do not wish to make of the future. Owners moved ships 5 that move now. We are classing almost all and orders to BV class, which is now the first generation LNG bunker tankers the only class working with all the top and most of the small scale LNG carriers liner operators.  ordered recently which are needed to make the transition to the new fuel a success.  18 19 Bulk carriers

The vessels offer 3,000 dwt extra capacity and reduced fuel consumption of ten percent. France’s Louis Dreyfus Armateurs Owners seek service took four efficient Handysize vessels built to BV class at China’s Tianjin Xingang yard, part of a series of 10 sister ships. in difficult market Japan Marine United delivered to BV class 60,000 dwt bulkers to Italy’s Augustea Tecnoservice. The future 60 vessels deliver increased capacity. Taiwan’s U-Ming took As bulk freight rates tumbled to new record lows, bulk carrier owners delivery of the only two Capesize vessels Marine activities cut back on ordering new vessels and sought improved support and service in the year, 186,300 dwt vessels built at China’s Shanghai Waigaoqiao yard. from their classification societies. Alain LDA is a French family-owned group China’s Sinopacific built three Le Guillard, and a shipowner active in maritime Chief Executive 63,500 Ultramax vessels to BV class, transportation and services. We offer Officer Operations, two for Allseas Marine and one for Norbulk Louis Dreyfus our clients tailor-made maritime solutions while Chengxi built three similar size vessels Armateurs Group and integrated services. Our forward strategy for Wah Kwong. In the smaller sizes Nisshin (LDA) is to maintain a high level of adaptability ness rev i ew 2015 bu s i ness mar i ne & offshore Shipping took four 39,000 dwt Handysizes thanks to our know-how, our commitments, from Jiangmen Nanyang while Laskaridis our reactivity and innovation. In 2015 we Shipping chose BV class for two slightly finished the construction of a series of eight Handymax and two Capesize bulk carriers. bigger 39,300 dwt units that were built Bureau Veritas was the classification society at Penglai Zhongbai Jinglu. of these newbuildings. We always use them as classification society because we have close relationships which allow us to solve NEW TONNAGE technical issues quickly, we benefited from strong support of Bureau Veritas China for Despite the difficult market, owners our own site survey team and, for bulk carriers, in the USA, China, Japan and Taiwan were we have strong confidence in the application able to order new tonnage against long- of CSR rules due to Bureau Veritas’ deep term contracts. The largest order was involvement in CSR rules elaboration. for six 84,000 dwt Kamsarmax vessels

for Foremost Maritime, to be built The 40,000 dwt bulk carrier La Solognais, built by Tianjin Xingang Shipbuilding Heavy Industries, to BV class at Japan’s Oshima yard. is operated by Louis Dreyfus Armateurs and belongs to a series of 10 sister ships. In total only 16 new bulkers were ordered, down dramatically on the previous years. The orders included an 81,600 dwt bulker

Shipowner U-Ming Marine transport took delivery in December 2015 of the 186,300 dwt bulk carrier Cape Success built to BV class by Shanghai Waigaoqiao Shipbuilding, for Singapore’s Gina Shipping ordered a subsidiary of China State Shipbuilding Corporation (CSSC). at Oshima and two 63,500 dwt vessels ordered by OAL Shipping, Ukraine, to be built at Yangzhou Dayang, China. FLEET GROWTH KEY DELIVERIES

Against a backdrop of difficult conditions The 54 new bulkers built and delivered CSR-H ORDERS for bulk owners, Bureau Veritas’ classed to owners with BV class included the first 60 fleet of bulkers grew by seven percent twenty Ultramax vessels. Eco-designs were The first orders for bulkers to be built BULKERS MOVED to 1,052 vessels totaling 73.5m dwt. in favor, including three new generation TO BV CLASS to the new Harmonized Common Structural That total was boosted by 60 bulkers in Dolphin 64 SDARI 64,000 dwt bulkers built Rules were placed during 2015. service being moved to BV class at Jiangsu Yangzijiang for Greece’s Starbulk, Bureau Veritas invested heavily in working and 54 ships totaling 3.3m dwt being the first of a series of eight sister ships. Safety with shipyards and designers to ensure delivered from shipyards. Owners sought Management Overseas benefited from that its tools and rules were fully up to date more efficient ships and reduced operating Panamax efficiency gains when it took two and that yards were able to work quickly costs in a fight against fleet overcapacity newly designed Panamax vessels built to and efficiently with VeriSTAR and and no sign of freight rates lifting. BV class at Sasebo Heavy Industries, Japan. its powerful suite of software.  Armateurs © Louis Dreyfus 20 21 CONTAINER SHIPS

These are examples of the new size of Neo-Panamax vessel of 330 m LOA, which are superseding traditional Panamax and Bosphorus-Max vessels in popularity. Renewed interest in large feeder vessels More ships was evidenced by orders for two 2,200 teu vessels for Dutch owner Seatrade to be built in Yangfan and four 1,800 teu vessels and bigger ships to be built for Greece’s Cosmoship at Korea’s Daesun yard. German owner Harren & Partner chose BV class for a series of eight 1,400 teu feeder vessels to be built at China’s Taizhou Kouan yard. Bureau Veritas saw its container ship fleet grow very strongly in 2015. This was fuelled Liu HAIJIN, New Times Shipbuilding Co is one Marine activities CEO, New Times of China’s top five yards, but it is not by deliveries of newer and bigger vessels and by transfer of ships in service BIG GREEN BOX SHIPS Shipbuilding sheer size which sets New Times Co. Ltd from major operators seeking our technology, global network and speed of support. apart. It is new thinking. We have grown Environmental technologies were on display quickly. We did that by always striving among the twenty new container ships to be the best, to deliver quality when delivered to BV class during 2015. These perhaps others looked at quantity, and included five ULCSs for CMA CGM, of which by looking always for where the market two were the 18,000 teu vessels which were was going, not where it is. We deliver

ness rev i ew 2015 bu s i ness mar i ne & offshore the largest built in China to date, and three environmentally friendly, economic, were 17,722 teu units built at Samsung high quality vessels. Our cooperation with Bureau Veritas began many years ago Heavy Industries. Their CO2 emissions are reduced by 10 percent compared and our close relationship is continuously to the previous generation vessels. strengthened not only through classed new building ships but also on R&D projects and close technical contacts on the development IACS REQUIREMENTS of new rules and regulations. New Times has recently built a series of 10,600 teu New IACS requirements for longitudinal container ships to BV class. strength and for a unified load case following the loss of the MOL Comfort will enter into force in July 2016. Our rules already complied with the IACS requirements and we already routinely carry out full analysis of all container vessels over 170 m in length. Work during 2015 focused on creating a new set of rules for container ships which will be published in 2016 and which will deliver greater transparency and improved methodology based on the CSR-H rules. © CMA CGM

The BV-classed 18,000 teu CMA CGM Bougainville is the largest ship sailing under the French flag. EFFICIENCY IN NEW DESIGNS

FLEET GROWTH STRONG ORDER BOOK In 2015 Bureau Veritas began joint development projects with two major Chinese design institutes, both aimed at In 2015 the container ship industry A total of 25 new container ships were increasing the capacity and efficiency of concentration continued as larger owners ordered to BV class during 2015, bringing container ships without increasing overall 21% scaled up. Bureau Veritas became the only the number of ULCSs on order for BV class length and breadth dimensions. FLEET GROWTH class society to have a strong classed fleet to nine. Significant orders included three With CIMC Bureau Veritas is working IN TEU with all of the world’s top three container ship 20,600 teu ULCSs ordered by CMA CGM on a 20,000 teu design and with SDARI operators, Maersk, CMA CGM and MSC. to be built in HHIC in the Philippines and on a 14,000 teu design. The studies focus The Bureau Veritas classed fleet grew on adding a tier to the hold stowage and six 13,500 teu vessels ordered by CMA CGM 21 percent in teu and 10 percent by vessel on identifying barriers to vessel sizes over number as over 40 modern vessels to be built at Korea’s HHI yard. Singapore’s 22,000 teu. A new project with CMA CGM, in service were moved to BV class. Pacific International Lines ordered two GTT, HydrOcean and Samsung will work

At the year end Bureau Veritas classed 11,800 teu vessels to be built at Jiangsu to optimize the hull form and propulsion © CMA CGM 442 container ships totaling 1.54 m teu. New Yangzijiang, China. choice for the container ship of the future.  The 18,000 teu CMA CGM Vasco De Gama built in Shanghai Waigaoqiao Shipbuilding Co. LTD. 22 23 oil & chemical tankers

during 2015, mainly in South Korean, Chinese and Japanese yards. A significant re-entrant to the market was Spain’s Navantia shipyard, which booked orders for two Suezmax tankers to be built to Bureau Veritas chosen BV class for Spain’s Ibaizabal to a DSME design. A total of 35 new tankers were delivered to BV class during 2015, including for tanker newbuilding surge the 72,800 dwt Panamax Anita Garibaldi, built for Transpetro at Brazil’s Eisa Petro-Um yard and the 49,900 dwt oil/chemical tanker Dalmacija, built for Croatia’s Tankerska Plovidba Low oil prices, the implementation of CSR-H rules and the impending Tier III at SPP Shipbuilding South Korea. Marine activities requirements drove a surge in tanker newbuilding orders. Bureau Veritas saw a near tripling of its market share as owners opted for BV class across all sizes and types of tanker. ASPHALT LEADERSHIP

We confirmed our leadership in the highly specialized field of asphalt tankers with the delivery of the 37,000 dwt Asphalt Splendor, built to BV class with independent

ness rev i ew 2015 bu s i ness mar i ne & offshore tanks at Avic Dingheng, China for US owner Sargeant Marine. Bureau Veritas currently classes over 70 percent of all asphalt tanker newbuildings, including a 49,000 dwt vessel being built by Hyundai Mipo Dockyard in South Korea, which will be the world’s largest. Altogether, 14 new asphalt carriers were ordered to BV class during 2015.

SWIFT CONVERSION

We worked with Greece’s Springfield Shipping and Oman Drydock Co to complete the first of five planned major conversions to turn Very Large Ore Oil Carriers into pure VLCCs tankers. The conversion of the 319,000 dwt, 2011-built Olympic Leopard focused on the center cargo holds, which have Plovidba © Tankerska

Marine © Sargeant been converted to cargo oil tanks, The 49,900 dwt oil/chemical tanker Dalmacija built to BV class at South Korea’s SPP Shipbuilding has been delivered to Croatia’s Tankerska Plovidba. Bureau Veritas is classing the 37,000 dwt asphalt carrier Asphalt Splendor, recently delivered to US-based Sargeant Marine. increasing oil capacity and transforming the vessel into a VLCC.

UPDATED TOOLS SUPPORT FATIGUE ANALYSIS WEB-ENABLED CHEMICAL LISTS ORDER BOOST Mario PavIC, We are a unique shipping company almost One example of our reaction speed was entirely owned by our employees, it gives With owners in a hurry to place large tanker Our VeriSTAR Chemicals program was President of 67 a full fatigue analysis of Daewoo’s new launched as a web application, enabling the Management us a special dimension. We want to be the orders before the rule changes mid-year new oil cross tie-less VLCC design carried out users to enter the ship description and Board, Tankerska most open and transparent company in shipping. and yards keen to be ready for both the surge for Greece’s Maran Tankers, which was Plovidba, Croatia Tankers are very much our core business tanker orders in orders and the new regulations, speed generate lists of transportable chemical confirmed as an order for a 320,000 dwt and we will grow that, but we are also eyeing in 2015 of response from class was vital. products in bulk permitted by the IBC code VLCC to BV class. South Korea’s Sinokor opportunities in the difficult dry bulk sector. Bureau Veritas was ahead of the surge with and up-to-date MSC circulars. It may be also chose Bureau Veritas for a series We class all our fleet with Bureau Veritas and fully updated calculation tools for the CSR-H used through any PC web browser or last year we were busy together as we took four of four 340,000 dwt VLCCs to be built at rules. A pilot project to develop a full on a tablet. Ship managers can get a newbuildings and had eight special surveys with 3D model of the ship automatically linked DSME. Greece’s Dynacom booked a large comprehensive view of all transportable them. We choose Bureau Veritas on the basis of trust, to all our calculation tools was launched series of BV class Suezmaxes to be built and non-transportable products. When quality and cost. We benchmark them and challenge with China’s SDARI design institute, at China’s New Century shipyard. In total, a product is not transportable, this list them continuously and I can say we are satisfied focusing on Aframax and Suezmax tankers. 67 new tankers were ordered to BV class gives information on unsatisfied criteria.  it was the right choice. 24 25 Gas carriers

The design is optimized to deliver very high NEW CONTAINMENT SYSTEM energy efficiency and efficient compliance with future environmental regulations. Bureau Veritas issued design approval The full hull form, propulsion and power for the new Mark V LNG membrane generation systems have been optimized containment system designed New codes for the complete operational profile of the by France’s GTT. The Mark V technology ship including a full voyage with loading is an optimized version of GTT’s Mark III and unloading operations, maneuvering, system. It is composed of double and new designs canal passage and laden and ballast insulation with polyurethane foam. passages. The hull lines were optimized The new system includes an innovative by Bureau Veritas’ subsidiary HydrOcean nickel-steel alloy corrugated secondary using Computational Fluid Dynamics tools membrane and offers a significant A strong market for LPG carriers and major changes to tank location requirements for both calm water performance and improvement in the warranted daily ship behavior in waves. The performance boil-off rate. Our design approval clears Marine activities which will come into force in 2016 drove orders for LPG carriers. of a number of alternative dual-fuel the way for the system to be used Interest in large LNG carriers was more muted as doubts over the effect propulsion and power generation in new LNG carriers.  of the oil price fall and fleet overcapacity hit yards and owners. systems was quantified by means of an holistic energy model of the ship using Bureau Veritas SEECAT software.

ARCTIC ICE LNG BUILD BEGINS ness rev i ew 2015 bu s i ness mar i ne & offshore The last of the series of fifteen innovative Arctic-capable LNG carriers to be built in South Korea’s DSME yard to service the Yamal LNG project in Russia’s high Arctic were confirmed to BV class and construction of the first units began. The 172,000 cu m vessels can operate in second year ice up to 2.5 m thick. Yamal LNG has awarded Sovcomflot, MOL, Teekay and Dynagas one, three, six and five vessels respectively. The hull form is designed with a moderate ice bow forward and a heavy ice-breaking profile aft. The ship is dual-acting, navigating in light ice or open sea bow first, then navigating astern to break heavy ice. The astern ice-breaking mode is assisted by the unique podded

propulsion system, which consists © NLNG

© Engie of three pods delivering around 45MW NLNG has taken delivery of the 175,000 cu m LNG Finima II the first The LNG bunkering vessel, with a capacity of 5,100 cu m LNG, is currently under construction in South Korea and delivery is planned for the second half of 2016. of power. of four new LNG carriers built to BV class for Bonny Gas Transport at South Korea’s Samsung Heavy Industries yard.

GAP ANALYSIS STRONG MARKET SHARE with BV class including a 175,000 cu m LNG carrier for Bonny Gas Transport built As the class leader for gas carriers My job is to ensure the effective, efficient, Temilola Bureau Veritas retained its leading position at Samsung Heavy Industries. we carried out a gap analysis and smart running and development of NLNG & Okesanjo, 60 % in the gas carrier market with around developed a guidance document, which Bonny Gas Transport’s shipping and marine OF SMALL General Manager, 22 percent of the order book at the year end. will help yards and owners adapt to the NLNG Shipping activities. This includes management of NLNG Marine SCALE LNG A total of 19 new gas carriers were ordered NEXT GENERATION LNG CARRIER major revisions to the IMO IGC Code, Services Terminal at Bonny, chartering and managing our fleet VESSELS ORDERED to BV class including five 172,000 cu m which come into force in 2016. of LNG carriers. We have had a long term relationship TO BV CLASS vessels for Dynagas for the Yamal project, We worked with French energy major The guide details the main changes, with Bureau Veritas dating back to the 1990s when an 84,000 cu m LPG carrier for Greece’s Total and South Korean shipbuilder such as a complete revision of containment LNG Lagos and LNG Port Harcourt were acquired by BGT. Since then, Bureau Veritas has continuously Naftomar to be built at China’s Jiangnan Samsung Heavy Industries to develop systems requirements and location demonstrated a wealth of shipping and marine yard and two innovative 18,000 cu m LNG a new highly efficient LNG carrier. Two of cargo tanks. Equivalences between the old and new IGC are listed so as to aid experience and has steadfastly provided NLNG vessels for Netherlands-based Anthony of the 180,000 cu m vessels are being built the quick modification of gas carrier design and BGT with all the necessary and required shipping Veder to be built at Germany’s Neptun Werft. by SHI under BV class for delivery to meet the new standards. and marine support in areas of ship classification, In all, 11 new gas carriers were delivered to SK Shipping and charter to Total. ship construction and ship survey. 26 27 Passenger Ships

EXPLORING FURTHER

Bureau Veritas was chosen to class a new concept luxury expedition cruise vessel to be built for Australia’s Scenic group. The 165 m Further, faster, LOA vessel will be built at Croatia’s Uljanik shipyard for delivery in summer 2018. It will have lower berth accommodation quieter, cleaner for 228 passengers and 172 crew and will meet the requirements of the newly adopted Polar Code allowing operation for a certain period of the year in polar waters. Adoption by the IMO of the Polar Code and the IGF Code gave operators confidence Our expertise with safety, polar conditions and comfort on board were all critical Marine activities to proceed with orders for expedition ships that can safely operate in Arctic and Antarctic elements of the new concept which Scenic Robin Lindsay, NCLH is a leading global cruise regions, and to move towards gas as a fuel for major passenger ships. presents as a six-star luxury discovery yacht. Executive company which operates Norwegian Vice-President, Cruise Line, Oceania Cruises and Vessel Operations, Regent Seven Seas Cruises. It has a reputation PASSENGER - CARGO Norwegian Cruise for innovation and excellence, and is currently Line Holdings working on a number of new ventures. Ltd (NCLH) The 256-passenger 3,300 dwt passenger- These include the luxury 738-passenger cargo ship Aranui 5 was delivered to Seven Seas Explorer for Regent Seven Seas ness rev i ew 2015 bu s i ness mar i ne & offshore Compagnie Polynésienne de Transport Cruises which is being built at Fincantieri in Maritime by China’s HuangHai Shipbuilding Genoa, Italy, under Bureau Veritas supervision. for service in the French Polynesian NCLH was delighted to endorse the appointment archipelago. One of the last passenger- of BV to monitor the construction of this important ship, which is due for delivery cargo ships, the vessel complies with Safe in June 2016. It is very satisfied with Return to Port regulations and particular the results, and would have no hesitation attention has been paid to on-board noise in recommending Bureau Veritas as a first-class reduction with the award of COMFORT class. service provider.

DELIVERING EXPERTISE

Limiting the impact on marine life of underwater noise from ships will be the next step in reducing the overall impact of passenger vessels on their environment. Bureau Veritas published the new class notation URN (underwater radiated noises) to provide guidance to yards and designers. We also consolidated our leading expertise

Yard Turku of Meyer © Courtesy in implementing the Safe Return To Port The LNG-fuelled fast ferry has been ordered by AS Tallink Grupp and will be built by Meyer Turku for delivery early 2017. guidelines by revising our rule note and guidance to include feedback from ships in service and new IMO clarifications. FIRST FOR GAS for fast cargo and passenger turnaround at each end of the route. Bureau Veritas’ ENHANCED STUDIES AND SERVICES 27 Bureau Veritas is to class a unique LNG- subsidiary Tecnitas has already carried fuelled high speed and high capacity out risk assessment studies for the LNG KNOTS During 2016 Bureau Veritas will extend passenger ferry, which has been ordered bunker operations in Helsinki and Tallinn HIGH SPEED by the Estonian ferry operator AS Tallink its range of services to the cruise industry, ports. Tecnitas has also carried out HAZID LNG-FUELLED Grupp for the Helsinki-Tallinn route. building on its CFD expertise from HydrOcean studies for the proposed LNG propulsion FERRY This first order for a gas-fuelled passenger to deliver dedicated parametric modeling and storage on board. At the end of 2015, FOR TALLINK vessel will also be the largest LNG-fuelled software and hull and appendages passenger ferry when it is delivered in 2017. we were working closely with three other optimization. Tecnitas will build on recent The 2,850-passenger vessel will have major ferry companies on new orders work with the MSC Cruises Vista project a service speed of 27 knots and will be or conversions for LNG-fuelled large and the Regent Cruises Seven Seas built by Meyer Turku. The 49,000 gt ferry passenger ferries and with a cruise major Explorer to deliver further Alternative

will be 212 m long. The dual-fuel vessel on the next generation LNG-powered cruise Design studies and noise and vibration © Scenic is designed to operate in icy waters and vessels which will be ordered shortly. prediction and reduction studies.  Luxury expedition cruise vessel Scenic Eclipse is to be built for Australia’s Scenic group. 28 29 Warships Dredgers

FRENCH YARD EXPERTISE

Flexibility Bureau Veritas’ leading experience with Growth, outreach both offshore vessels and warships was behind the choice of BV class for 95 new and cost control small warships for six different nations and sophistication ordered in 2015. Many of these were ordered at French shipyards which have close relationships with Bureau Veritas and 40 % Navies around the world continue to invest which have developed a range of warships The global market for dredgers grew in 2015 as owners in NEW DREDGERS to meet the current needs. Two 70 m OPV- ORDERED TO BV Marine activities in multi-role vessels delivering high capability with style deep sea surveillance and assistance emerging economies expanded into the sector. At the same time, CLASS IN 2015 low operating expenses. Navies want a range of safe, vessels were ordered at DCNS Lorient demand grew for more sophisticated multi-role dredging and capable and flexible vessels of the type developed by by the French Navy, SOCARENAM will build subsea rock installation vessels, especially for use in offshore two BV class light patrol vessels for French the offshore industry: able to deliver logistic support, Guyana and Piriou will build a 72 m Polar wind farm construction. and maintain a presence in all weathers. Logistic Vessel for the French government. New generation “Antigoon” class dredger, called Scheldt River, France’s CMN yard will build three 56 m being built by Royal IHC in the Netherlands on behalf of the Belgium-based DEME Group.

ness rev i ew 2015 bu s i ness mar i ne & offshore FS56 OPVs to BV class for the Lebanese Navy and the Couach yard will build 79 small patrol vessels for Saudi Arabia.

NEW VESSELS © DR During 2015, 19 warships were delivered with BV class, including a Mistral-class multi-role force projection vessel built LESS EXCITEMENT, by STX which was taken by the Egyptian MORE SOPHISTICATION Navy, along with a 142 m FREMM frigate was built by Zhejiang Zhengzhou for the Owners in the dredging and subsea rock built to BV class at DCNS and four landing Iraqi Port Authority. Malaysia’s Inai Kiara installation business enjoyed a stable craft built at SOCARENAM. Six high speed took delivery of a second 69 m 10MW cutter Danny Mense, but thriving market in 2015. They invested ECUME assault craft were built by Zodiac suction dredger built at Selat Melaka Head of Technical in dual-fuel powered and large multi-role Department, Hurricane Technologies Inc. for the French to a Vosta LMG design. Navy. CMN delivered three high speed patrol trailing suction hopper dredgers suitable BAGGERBEDRIJF for processing hard soil in both deep and DE BOER - DUTCH © Avotrimage craft and three Ocean Eagle trimarans with DREDGING shallow waters. Stationary cutter suction LEADERSHIP SERVICES Patrol Vessel HSI-32 (High Speed Interceptor - 32m) built by CMN for the Mozambique Government. BV class to the government of Mozambique. dredgers were steadily in demand, while Baggerbedrijf De Boer - there was new interest in building more As Bureau Veritas further enhanced its global Dutch Dredging is a specialist subsea rock installation vessels with leadership as the class of choice for dredgers provider of worldwide multi-role capabilities. Among the 40 new and stone discharge vessels it has extended maintenance dredging services, 95 dredgers ordered to BV class during 2015 its VeriSTAR-HULL notation with the with a focus on small ports. new warships were the world’s first LNG-powered additional class notation VeriSTAR-HULL We currently operate seven trailing ordered dredgers, an 8,000 cu m and a 3,000 cu m SIS. This is assigned to ships in service suction hopper dredgers plus a fleet to BV class dual fuel trailing suction hopper dredger, for which the structural condition is checked of support vessels and equipment. during 2015 ordered by Belgium’s DEME to be built with a 3D Finite Element Method (FEM) With increasing project complexity My mission is to lead the process of innovation by Netherlands based Royal IHC. Belgium’s calculation program. This provides a and environmental regulation, and development of the Naval, Maritime and Jan de Nul ordered two 6,000 dwt subsea framework to feed thickness measurement we strive to make our fleet more Jorge Enrique Riverine Colombian Industry. We design, build, energy-efficient and ergonomic, rock installation vessels to be built to BV data back into the FEM model and re-assess maintain, repair and modernize ships from Colombia and while maintaining cost efficiency. Moreno Carreño, NEW RULES class at China’s AVIC Dingheng shipyard the actual hull structure condition. In this Colombian Navy worldwide. Bureau Veritas has certified work that we We develop our newbuildings and Dutch dredging major Boskalis way the class renewal criteria to be applied and CEO, COTECMAR, have done on vessel maintenance and modification. The in-house based on operational the Corporation international support of Bureau Veritas gives us certainty Development work during 2015 means ordered a large manned backhoe dredger during surveys can be based on the actual experience from all disciplines. of Science and and confidence to carry out our mission. Our relationship that in 2016, we will publish new rules with three spud legs to be built structural condition of the ship rather than We have selected Bureau Veritas for Technology for with them has always been excellent. We have a real for submarines, a new consolidated at Ravestein. Significant deliveries included on fixed wastage allowance on the basis all our classification and certification the Development dynamic cooperation with Bureau Veritas in the region set of rules for military ships, and a 4,500 cu m trailing suction hopper of the as-built condition. This is particularly needs because they are the leaders of the Naval, a new additional notation for armor, interesting for vessels experiencing high Maritime and and we participate in their Military Committee, in order to dredger for Boskalis built by Netherlands- in the dredging market, understand Riverine Colombian share our experience in shipbuilding of OPV and armour co-developed with the Colombian Navy based CIG shipbuilding and a second wear and tear such as trailing suction our business and offer short Industry. protection for military riverine vessels. and COTECMAR.  6,000 cu m trailing suction hopper dredger hopper dredgers.  communication lines. 30 31 TUGS & SPECIAL PURPOSE VESSELS Inland Navigation

Stronger Global growth and safer and innovation

In 2015 Bureau Veritas strengthened its leading position During 2015, Bureau Veritas’ inland navigation business grew both in terms Marine activities M ar ine in the tug market with orders for 193 new tugs, delivery of the diversified types of vessels classed and the wide geographical area covered, 2060 of 100 new tugs and transfer of 42 tugs to BV class. with confirmed leadership in Eastern Europe and South America. towing vessels Taking our leadership responsibility seriously, we expanded in BV class our successful safety guidelines for tugs to novel designs and supported flag states in the development of harmonized international regulations for the stability of tugs at IMO. ness rev i ew 2015 bu s i ness mar i ne & offshore 15 % A NEW GENERATION CLEANER FUELS GROWTH in South America Operational performance and safety took a step forward with Tugs operating in ports and coastal areas need to burn a new generation of advanced high performance tugs being cleaner fuels. Bureau Veritas is a leader in both gas fuel developed with support from Bureau Veritas. The Carrousel and battery technology. We were chosen to class three Rave Tug (CRT) concept developed by Novatug and Robert dual-fuel high performance escort tugs for Norway’s Allan Ltd combines a propulsion concept with two longitudinally Østensjø to be built at Gondan Shipyard in Spain. spaced Voith Schneider Propellers (VSP), an optimized hull The RAstar 4000 DF design was developed by © DR form for generating hydrodynamic forces and a bespoke Robert Allan Ltd with the LNG installation provided The MS Loire Princesse is 90 m long and 15 m wide, with three decks and can accommodate up to 96 passengers. towing system consisting of a high performance winch freely by Wärtsilä. Other new designs using natural gas rotating on a carrousel mounted midships around the circular as fuel include the Damen RSD 2512 CNG design, wheelhouse. The purpose of the design is to achieve very high which is powered by compressed natural gas as a single INNOVATIVE VESSELS among the 37 newbuildings delivered escort performance, while simultaneously minimizing the risk of fuel and based on Damen’s new Reverse Stern Drive tug to BV class in 2015. Seven were passenger capsizing by bringing the towing point outward on the carrousel. concept, the classification of which has been awarded In Brazil the regional authority in Rio de Janeiro vessels including a 90 m paddle boat The design was an interesting challenge from a classification and to Bureau Veritas. 2015 also saw an advance in the use took delivery of the first three of a series for the River Loire. During the year, Didier Bacon, statutory certification point of view. We worked closely with the of battery systems as power source. Bureau Veritas of five dual-fuel passenger catamarans. 48 vessels in service were moved to designers and the flag state to set up a fit for purpose regulatory published a new class notation BATTERY SYSTEMS Chief of Operations, The 2,000-passenger vessels were built BV class including three passenger Touax River Barges framework. Two CRTs have been ordered by Netherlands-based and associated technical requirements to deal with in China at the Afai Southern Shipyard. vessels, eight tankers and eight product Multraship to be built to BV class at Damen Shipyards. the growing use of batteries.  Double-ended aluminium catamarans tankers outside Europe. Touax group owns and manages which will provide local transport during river barges, rail cars and the 2016 Olympics, they are designed to sea-containers all around NEW RULES AND SERVICES operate with either CNG or diesel power. In the world and today manages a fleet Serbia, the Kladovo Shipyard built the hull of 125 vessels on the main European, for a 6,500 dwt asphalt carrier which will be New rules for the classification North and South American rivers. outfitted in the Netherlands for Luxembourg- of harbor equipment were published Our strategy is to provide our customers based Asphatrans. With a double hull and and co-operation began with HydrOcean operational and financial solutions in Multraship operates a large, modern fleet of tugs, ten independent tanks it will be the world’s to provide hydrodynamic studies of short- or long-term leasing contracts. self-propelled floating sheerlegs, diving support largest fluvial asphalt carrier. And in France, river-sea vessels. These studies are We chose BV class for our barges vessels and other units. Our simple aim is to the hydrogen fuel cell-powered NavHybus seeing a surge in interest. because it is the reference for Eline Muller, provide the best possible service, taking pride in our passenger ferry took shape under BV class In 2016, Bureau Veritas will deliver classification of inland vessels. We are sure that the quality of Multraship Towage commitment to respond - rapidly and competitively - at the Navalu shipyard, developing a concept a new MarsInland tool for the hull to the needs of our clients. This year we have ordered our barges is guaranteed by the & Salvage for clean city river transport. structure of inland navigation vessels, two evolutionary Carrousel Rave Tugs (CRTs) from Bureau Veritas process. We also want Damen Shipyards Group. These new vessels will provide a guidance note on maintenance of inland to show our customers that they tug operators with more power, more freedom and more GLOBAL REACH vessels, updated guidance for river-sea can be confident about the barges durability, as well as eliminating the risk of capsizing vessels and crashworthiness evaluation they rent to us. It is always a pleasure under a tow load. We chose Bureau Veritas to class these A total of 12 newbuilding tanker barges of alternative construction within the to work with Bureau Veritas people

Rederi of Robert Allan Ltd and Østensjø © Courtesy innovative tugs because they share our values. for Colombia, plus two pushers, were scope of the ADN Regulations.  because they are happy to be helpful. The RAstar 4000 DF design has been developed by Robert Allan Ltd with the LNG installation provided by Wärtsilä. 32 33 Gas Fuel MARINE ADVISORY SERVICES

1st ever Building ethane- Safety powered ships the bunker chain are BV class services surge

Despite the clean and green advantages of gas as a fuel uptake of LNG During 2015 Bureau Veritas increased the range of services and advisory work Marine activities was held back during 2015 by fears over availability and cost. Bureau Veritas worked it provides, and integrated the specialist CFD expertise of HydrOcean into its services. hard with suppliers to develop the first LNG bunker barges and to help owners There was a surge in demand for risk analysis of different types for shipping, and yards who want their ships to be gas-ready but not move to gas yet. driven by the move into LNG as fuel.

Because of these moves and Bureau Veritas’ expertise with gas GETTING READY FOR GAS RISK AND MEASUREMENT TEAMS IN DEMAND for two major LNG carriers and three series fuel, in spite of the low oil price by the year end, we had several of Ultra-Large Container Carriers. The elastic shaft

ness rev i ew 2015 bu s i ness mar i ne & offshore gas fuel vessels in service, over twenty newbuildings being built Bureau Veritas has published requirements for ships which HAZID studies for gas fuel propulsion of new vessels alignment program Lilas was updated and licensed to BV class for LNG as fuel and over fifty new projects under are designed and fitted out for dual-fuel or LNG fuel were delivered in China, Turkey, Finland, Canada, Spain as a package with practical operational capabilities. way for newbuilding or conversion to LNG as fuel. propulsion but which are not initially intended to use gas as and Germany, backed by HAZOP studies for a number Greater involvement of measurement teams on site a fuel. The requirements, set out in Rule Note NR 627 Gas- of ports and bunkering operations. The Tecnitas team carried supported an increase in shaft alignment work. Prepared Ships, cover special arrangements for new ships out also FMEA analysis for the Yamal ice breakers building at New Generation LNG-Fueled FERRIES that are designed with specific arrangements to accommodate DSME, for a wind farm vessels DP system in the Netherlands REDUCING EMISSIONS future installation of an LNG fuel gas system.  and for jack-up and pipe-laying barges. It also provided Bureau Veritas is to class a unique LNG-fuelled high capacity Reliability Centered Maintenance studies for several passenger ferry which has been ordered by AS Tallink Grupp A major project to determine the best hull shape LNG-RV vessels. Our measurement team was active, for the Helsinki-Tallinn route. The 2,850-passenger vessel and power plant for future LNG carriers was completed achieving COFRAC accreditation for measuring noise will have a service speed of 27 knots and will be built by with Total and Samsung, with major input from HydrOcean. exposure of workers. Noise measurements were carried Meyer Turku for delivery in 2017. The resulting vessels have been ordered and will deliver out on vessels for the Boluda tug fleet, French Customs, Bureau Veritas is also to class the largest ro-ro passenger ship significant reductions in energy use and emissions. Transmanche Ferries and others. MSC Cruises used to run on LNG. Ordered by Balearia, the dual-fuel ferry will be Our energy assessment program SEECAT was used our measurement expertise to check the speed built at Shipyard Construcciones Navales del Norte - LaNaval. for the LNG carrier project and also for Bureau Veritas’ for four cruise ships before and after a conversion. part of the EC-supported JOULES project (Joint Operation © DR An overall vibration calculation was carried out for Elcano for Ultra Low Emission Shipping). The JOULES project aims BUNKER TANKERS FOR LNG Dual-fuel ferry ordered by Balearia has a length overall of 232m on a 178,000 cu m LNG carrier built in Japan and a major at providing 2025 and 2050 design ship computer models and a breadth of 30.4m with a capacity of 1,600 passengers. accommodation barge built in China for Bourbon. In South with significant CO2 emissions reduction. It is our role Before anyone can design and build these vessels they have Korea, elastic shaft-alignment calculations were carried out to validate the models.  to be sure they will be safe, and that is where Bureau Veritas comes in. The requirements, set out in Rule Note NR 620 LNG Bunkering Ship, cover special arrangements for ships carrying LNG which will transfer that LNG to ships using LNG as fuel. Of the fifteen small-scale LNG ships ordered so far ten are to BV class, driving this sector forward. Rotterdam-based Kenneth Walland, Anthony Veder has built a fleet of highly-flexible small gas CHIEF EXECUTIVE OFFICER, 21 carriers under BV class and the 6,500 cu m Coral Anthelia will We deliver high quality services in the offshore, HAZID/HAZOP be the first vessel actually deployed as an LNG bunker tanker. towage and accommodation vessels sectors projects The first purpose-built LNG bunker tanker is being built worldwide. We pride ourselves on the quality for shipping to BV class at Hanjin, South Korea, for a joint-venture between of our crews and our innovation. We are happy to be Japan’s Mitsubishi and NYK Line, Belgian gas logistics company leaders in developing dual-fuel escort tugs. Our three dual-fuel escort tugs building in Spain to the RAstar Fluxys and French energy major Engie. Norway’s Skangass 4000 DF design will have an LNG installation provided has ordered a 5,800 cu m LNG bunker vessel to be built to by Wärtsilä. They will operate at Statoil’s LNG terminal BV class at Royal Bodewes for Sirius Veder BV. Bunker tankers near Hammerfest, handy for LNG supply and delivering to date use Type C tanks but a move to membrane tanks may a green profile. We chose BV class because they have offer more flexibility. Bureau Veritas has granted Approval in the experience and a cost-effective package. Principle to a 4,000 cu m bunkering ship concept developed by We did a good Hazop on the LNG and the co-operation LNG carrier Total & Samsung - Hull form optimisation. France’s world-leading LNG containment manufacturer, GTT. is working very well so far. 34 35 HOR E activities O FFS

tivities ness rev i ew 2015 bu s i ness mar i ne & offshore

36/ COMPLETE COST CONTROL 38/ Floating units 39/ Verification services 40/ Subsea 42/ offshore service vessels 44/ marine renewable energy 45/ offshore advisory services

THE VALUE 3 COMPLETE COST CONTROL OF VERIFICATION SUBSEA INNOVATION Verification becomes mandatory Bureau Veritas grew its offshore services and delivery in all areas across the EU from 2016 Bureau Veritas built on its leadership in SURF assessment and during 2015, by innovating, focussing on cost control so Bureau Veritas opened a certification to develop a new center of expertise on Subsea Verification Academy to use its Production Systems. The SPS engineering and inspection team for existing operators, helping new OSV designs and making expertise to help operators move developed new robust services for certification, independent the promise of marine renewable energy a reality. to the new regulatory scheme. review and verification, condition assessment and integrity Gas expertise was in demand and we were chosen to class Outside the EU operators saw the management of subsea systems in an area where equipment value of verification and chose us makers lack clear standards at present. 

the world’s largest FSRU as well as helping deliver voluntarily. Bureau Veritas was the activities OFFSHORE the world’s first true FLNG. Verification grew Third Party Verification Authority in importance and Bureau Veritas’ for the ENI Norge Goliat FPSO project which comes on stream 4 world leading expertise in this this year to deliver oil from area was in demand. the Barents Sea.  MARINE RENEWABLE ENERGY

ness rev i ew 2015 bu s i ness mar i ne & offshore Bureau Veritas used its expertise to give confidence to ground-breaking companies meeting the demand for new ways to harness offshore renewable energy. In France and in the North Sea it certified offshore wind farms and in South Korea it approved designs for Ocean Thermal Energy Converter. We published guidance on the development of Tidal and Current Turbines and Floating Offshore Wind Turbines.  4

1 2 FSRU CONVERSION SURGE Bureau Veritas saw a surge in projects to convert LNG carriers into floating regasification units. Cost savings and shorter lead time, plus the confidence that came from Bureau Veritas’ experience pushed operators towards conversions rather than newbuildings. Most of the initial FSRUs included new technology we approved but, as the technology has matured, attention has moved to conversions under BV class. 

5 SMART OSV THINKING Bureau Veritas reacted to the demand for multi-purpose OSVs by deploying smart regulatory and guidance development. New rules on offshore lifting, diving support and walk-to-work access helped yards and owners to devise innovative tonnage which can cost-effectively maintain offshore energy installations in the current tight cost climate. New standards for software testing led by Bureau Veritas will make these complex vessels safer.  3 38 marine & offshore business review 2015 inspection andmaintenance planningandreduce costs.  reduced andaccuracy improved. Better visualization willimprove on onemodelthedata entryrequirements willbedramatically for hydrostatics, strength andmooring.Witheverything based up to date andforwards into allourpowerful calculation tools to inspection,maintenance andmodification data soitremains in theas-iscondition. Themodelwilllinkbothways,directly in 3Dandthemodelwillbemaintained for thelife oftheunit Based Inspection.Alloffshore floatingunitswillbemodeled services into onemodelandenhance maintenance andRisk- a holistic AIMSservice whichwillconsolidate allexisting AIMS containing operational expenditure Bureau Veritas isdeveloping With thefocus ofalloffshore operators firmly onreducing and HOLISTIC AIMS conversion projects were entrusted to BVclass including for Exmar,buildinginChinato BVclass. Several other work onthefirst Floating Natural Gasterminals (FLNGs) project offshore Angolacontinued atSembawang,asdid Storage andOffloadingvessels (FPSOs)for theKaombo Conversion work onthetwo majorFloating Production, CONVERSIONS LEAD and structural analysis for Maersk’s Curlew FPSO. design verification for SOFRESIDfor theKaombo FPSO, party inspectionservices for ShellonthePrelude FLNG,hull deliver AIMservices for INPEX ontheIchthysproject, second for Petrobras. Tecnitas provided itstechnical expertise to Production Unit(FPU)for Total andtheP67P70FPSOs construction oftheEginaFPSOandMohoNord Floating for Excelerate Energy. During2015work continued onthe of three Floating Storage andRegasification Units(FSRUs) OLT Buoy. Inthefloatinggasfieldwe oversaw theupgrade extension andSBMIMODCOchoseBVclass for itsnew Djeno chose Bureau Veritas for itsRubicon Vantage FPSOlife Mampu 1 FSO for MISC.Singapore-based Rubicon Offshore (FSU) atKeppel Shipyard for BumiArmadaBerhadandthe for Malaysia’s EATechnique, theMalta Floating Storage Unit the Bergading Floating Storage andOffloading(FSO) vessel Fl FOR OFFSHORE oating units NEW ORDERS FLOATERS 6 F towards controlling operating costs. underway continued. Operators switched theirfocus strongly interest infloatingsolutions for LNGandthoseprojects already exploitation intheirtracks. However there wascontinued The low oilprice stopped most new projects for offshore oil ocus switches to Opex

Bureau Veritas carried outhydrodynamics andstructural analysis onShell’s Prelude FLNG. © Courtesy of Shell a real helpinarapidly changingbusiness environment. They have earnedouradmiration andtrust andthey are uncharted waters for ourport/static regas model. have evolved we have worked withBureau Veritas to traverse All Excelerate’s regas vessels are BV classed andaswe to work withpeople whowillsolve problems withus. market. We gointo projects for thelong runandwe want Energy Bridge®brand FSRUs. We are bullishfor theregas that includeatraditional LNGcarrier andnineExcelerate solutions. Excelerate controls afleetof ten LNGships chain to deliver rapid-to-market andreliable LNG integrated services along theentire LNGvalue innovative floatingLNGsolutions.Itprovides Excelerate Energy L.P. isthemarket leader in Excelerate Energy and ChiefOperating Officer, Executive VicePresident Ed w ard Scott,

The Sevan 1000designGoliatFPSOwasbuiltatHHIinSouth Korea. for theverification ofoiland gasinstallations. in implementing themost beneficialmethodology to Bureau Veritas staff, ourclients,andnationalregulators, Verification Academy inAberdeen. Thisprovides training worldwide, Bureau Veritas haslauncheditsown To meetincreasing demandfor verification services production ofoilfrom theBarents Seain2016. for theEniNorge Goliatfieldscheduled to begin the regulatory requirements oftheNORSOKregime We alsoprovided verification services beyond for example for Tullow Oil’s TENProject offGhana. has supported clientswithnon-regulatory verification, it across theirglobal operations. Bureau Veritas across theEU,andmanyoperators have adopted has extended themodelofUKSafety CaseRegime since early 2015,particularly inEurope. EUDirective 2013/30 The demandfor verification hasdramatically increased VERIFICATION TRAINING Verification servces way for offshore operators to beconfident they have effective systems is increasingly recognized asbest practice andthemost cost-effective no single international regulatory regime, independentverification In aglobal industry where standards vary widely andthere is Growing demand in place to manage safety andenvironmental hazards. for verification

for theOilandGasmarket.  operational benefitsduring thesechallenging times the requirements ofrecent regulations, butalsoprovide Safety CasesandPerformance Standards notonly meet written verification schemes,andensure thattheir closely withdutyholders such asShellto develop their including decommissioning. Bureau Veritas isworking audits andverification ofmanagementchange, site examination visits,onshore maintenance management includes annualoperational verification ofeachasset: Bellanaboy Bridge GasTerminal inIreland. Thework Shelf assets, aswell asthenewly developed onshore verification ofallShell’s United KingdomContinental programme for theBrent fieldassets. Thiscovers and iscurrently verifying thedecommissioning Body for ShellUKandIreland for over twelve years, Bureau Veritas hasbeentheIndependentVerification VERIFYING DECOMMISSIONING

39 OFFSHORE activities 40 41 Subsea

The SURF includes 18 rigid risers, of the Single Top Tension Riser (STTR) Putting more type designed, manufactured and installed by HMC, 39 rigid flowlines totaling around 275 km for the production, service, water underwater injection and the gas export and 47 flexible jumpers and some optical, control cable with hundreds of subsea structures, piles, mudmats and steel jumpers / spools all provided by Technip. Technip’s Angoflex Although the low oil price suppressed new projects, two trends became clear in 2015. in Angola and its affiliate DUCO in the UK One is that more and more equipment and processes will be installed will design, manufacture and install

on the seabed for future projects. The other is that the companies providing the 41 static and dynamic umbilicals. activities OFFSHORE different elements of subsea production systems (SPS) and subsea umbilical risers & flowlines (SURF) are allied to provide end-to-end deepwater engineering solutions. NEW NORTH SEA DEEPWATER GAS FIELD Boosting/Separation certified according to BV OSP_40. CONCENTRATING SPS EXPERTISE Bureau Veritas was contracted by ness rev i ew 2015 bu s i ness mar i ne & offshore Total E&P UK Ltd to carry out independent Bureau Veritas reacted to these trends by design verification of the subsea setting up a new subsea certification team. components of the Laggan and Tormore We are developing and implementing new gas fields located approximately 125 km robust services for certification, independent north west of the Shetland Islands. The review and verification, condition fields are being developed by Total E&P UK assessment and integrity management Ltd via a subsea production system which of subsea systems. The first results, ties back to the new Shetland Gas Plant to be published in early 2016, are two through two 143 km, multi-phase 18-inch services covering the design, construction production flowlines. The produced gas is and installation of subsea equipment, processed at a new onshore plant and then as well as in-service inspections on existing exported via a new 228 km, 30-inch export fields. A new Guide to Subsea Production pipeline which ties in to the existing subsea System Certification has been developed, trunk line. An 8-inch monoethylene glycol which will provide standards and guidance line laid parallel to the production pipelines in an area where there is currently little provides continuous MEG injection regulation or standardization. A detailed to the wells. The Bureau Veritas scope specification for subsea inspections, testing of work included document review and monitoring are provided and robotized and independent analysis to confirm inspections are emphasized. that the equipment was designed in accordance with the main design codes, In Brazil a new joint project with Petrobras other applicable international standards RECOGNIZED SURF EXPERTISE will deliver technical studies on the and Total specifications. Independent Fritz Hofbauer, execution of the restriction offset diagrams analysis carried out included pipeline During 2015 Bureau Veritas’ expertise CEO, IMCC Group taking into account the limit states of free span, upheaval buckling, on-bottom in SURF was recognized with a number 275 KM flexible risers when installed in offshore stability and finite element analysis IMCC Group has established itself as a global leader of contracts which included certifying the floating units in shallow, deep and of components. in manufacturing and fabricating products and units for FLOWLINES flexible risers for the Ichthys project for ultra-deep waters. A total of 22 FPUs the offshore industry that require the highest level FOR KAOMBO NOV/Technip and a contract with Technip and FPSOs are included in the contract. of competence and service. For the Kaombo project EPCI contractor to certify prototype inspection robots for Saipem will convert two VLCCs into turret-moored FPSOs, connected ADDING US EXPERTISE NDI of risers. In Egypt Subsea 7 contracted to one of the biggest subsea networks in the world. Bluewater Energy Bureau Veritas to provide secund party Services has been responsible for the engineering of two complete KAOMBO SURF The acquisition of Houston-based inspection for subsea components on Turret Mooring Systems and the related construction of two Turret DiversiTech brought BV SPS market the West Nile Delta Project. In Libya and Swivel Systems. IMCC Group is building these turrets. Bureau Veritas is providing certification share in 2015 up to around 15 per cent. Mellitah Oil & Gas entrusted design Bureau Veritas is the third party certification body. For us it is important for the different components of the SURF DTI delivers vendors surveys and review, certification, site supervision and that all our service providers or partners have to work as team with for the Kaombo twin FPSO project off West audits and shop inspections for subsea third party inspection services for the full us and address our requirements and demands. I can say we are Africa. Technip and HMC (Heerema Marine production and control equipment and installation including all subsea equipment working fine with Bureau Veritas. Contractors) are providing a full EPCI is recognized by all the main companies for the Bahr Essalam Phase 2 Offshore Field. package in water depths down to 1,925 m. active in the subsea business.  42 43 Offshore Service Vessels

Weathering Swiber is a leading global offshore construction services provider, offering a wide range of Engineering, Procurement, Installation, and Construction services. Vallianz Holdings Limited is an the storm established provider of offshore support vessels and integrated offshore marine solutions to the oil and gas industry. Our strategy is to develop DARREN YEO, Executive Director niche offshore project collaborations and correspondingly niche vessels and Deputy Group that can support the offshore services market more efficiently and CEO, Swiber Holdings cost-effectively. We own numerous offshore vessels under BV class The falling oil price hit the offshore service vessel sector hard. But investment Limited and Non- and last year, two of the larger projects that both parties worked on Executive Vice successfully were the conversion of a tanker to an Offshore Floating Supply continued in maintenance and diving support vessels. Offshore wind farm development Chairman, Vallianz Storage Vessel and the upgrade of our pipelay heavy lift construction barge provided a new direction for offshore service vessel (OSV) owners. Holdings Limited to a pipelay heavy lift construction vessel, complete with full DP3 notation. activities OFFSHORE Bureau Veritas’ support has been excellent.

ness rev i ew 2015 bu s i ness mar i ne & offshore built for Singapore-based Pegasus compensated offshore access systems, a by Sembawang. Damen Shipyards key enabler for the offshore wind sector. in the Netherlands took an order to build a new class of high speed crewboat using the advanced Sea Axe concept. The BV NEW STANDARDS class 41 m fast crew supply vessel, capable of carrying 90 industrial personnel, was A new rule note on Hardware-in-the-loop ordered by Mexico’s Naviera Integral. (HWIL) testing was published, to check the proper working of control systems. It can be used for the certification of embedded GROWING CLASSED FLEET systems on vessels such as DP systems and offshore mission equipment. The scope No fewer than 114 newly-built OSVs joined of the additional class notation OHS for the the Bureau Veritas classed fleet during certification of offshore handling systems 2015 and 46 OSVs in service were switched was extended to include flexible fallpipe © DR to BV class. This confirmed our global towers and diving bell launch and recovery SALT 405 Seismic Support Vessel Ocean Dolphin has been delivered from Cemre Shipyard and is BV-classed. standing in this sector with 1,535 OSVs in systems (LARS) and a further extension class at the end of 2015. Key deliveries to pipelay systems is under development. USING EXPERTISE IN NEW WAYS ORDERS SWITCH FOCUS included a 79 m 2,800 dwt DP2 walk-to- In cooperation with industry partners a work (W2W) maintenance support vessel new service notation for semi-submersible Shipowners and shipyards in the oil With owners stacking platform supply built for Dutch owner Royal Wagenborg at heavy lift transportation vessels was and gas services sector were looking vessels (PSVs) and anchor handling tug Royal Niestern Sander and two 72 m 150 t developed for publication in 2016.  to weather the downturn by diversifying supply vessels (AHTS) the focus for new BP 2,880 dwt DP2 AHTS built to the SPA150 into related sectors such as renewable orders switched to offshore construction 114 design for Russia’s FEMCO at Sinopacific. energy, subsea mining or towing and support vessels involved in inspection, salvage. Bureau Veritas worked to ensure maintenance and repair (IMR) activities OSVs that standards and guidelines are in on existing fields. The most common DELIVERED WALK-TO-WORK place to keep pace with developments orders were for maintenance support TO BV CLASS in new sectors such as installation and vessels (MSV), diving support vessels IN 2015 The increasing popularity of walk-to-work maintenance of offshore wind farms. (DSV), accommodation vessels and vessels using motion-compensated New class notations were published for liftboats. Offshore renewable energy was gangways to access offshore installations offshore lifting, helicopter decks and also a bright spot in a depressed sector. has led Bureau Veritas to develop guidelines centralized navigation control on OSVs. A total of 67 new orders were placed for the certification of offshore access The POSA MU notation was introduced to to BV class including a self-propelled DP3 systems. This new notation will allow cover position keeping systems on mobile offshore accommodation and maintenance equipment makers and vessel operators units, which is particularly relevant for vessel for Brazil compliant with SOLAS to obtain an independent assessment of

multi-purpose supply vessels (MPSVs) safe return to port requirements. this sophisticated safety critical equipment, © DR and accommodation vessels equipped The 180 m 500-passenger offshore which also addresses the reliability of Stanford Hunter (Offshore Support / Maintenance Vessel), Bourbon Petrel with multi-point mooring systems. accommodation vessel (OAV) will be the control software of active motion (Seismic Support Vessel) and FNSA-1 (Fast Aluminium Crew Boat). 44 45 Marine Renewable Energy Offshore Advisory Services

1.5 GW OCEAN THERMAL ENERGY CONVERSION new offshore Guiding wind power In early 2016, Bureau Veritas issued its Gas growth certified first Approval in Principle for an Ocean the flow in France Thermal Energy Converter (OTEC). drives risk analysis The approval applies to a 1MW plant developed by the Korea Research Institute of Ships and Ocean Engineering (KRISO), which will be built for installation off the Marine renewable energy saw offshore wind turbine coast of South Tarawa, Republic of Kiribati, The continuing strong move towards offshore natural gas projects of all kinds drove technology maturing in 2015, while other technologies in the South Pacific Ocean. In France, increased demand for Bureau Veritas’ expertise in risk identification and assessment. we carried out a study for DCNS on the

are still under development. The sector benefitted from Tecnitas was also in demand for a wide range of marine services, activities OFFSHORE Bureau Veritas’ expertise in reviewing designs and standards and regulations that will apply particularly buckling and spectral fatigue analysis. to a proposed 16 MW floating offshore certifying offshore wind projects. We also developed OTEC platform to be built for Martinique. frameworks and provided vital calibration, testing and approval in principle for current and tidal turbines st OFFSHORE WIND FARMS

ness rev i ew 2015 bu s i ness mar i ne & offshore and ocean thermal energy projects. 1 linear Bureau Veritas was chosen by Eolien approach Maritime France to provide project spectral certification for three new offshore wind fatigue study farms off the French coast (Fécamp, for a turret KRISO (Korea Research Institute of Ships Courseulle and Saint Nazaire). The farms and Ocean Engineering) has been studying provide a total of 238 turbines delivering Ocean Thermal Energy Conversion (OTEC) 1.5 GW power. Danish offshore wind Extreme wave impact (greenwater) on a FPSO. plant since 2010. We have designed a 1MW OTEC major DONG chose Bureau Veritas to Hyeon-Ju Kim, demonstration plant to support sustainable provide design review for the offshore Leader of Seawater development based on ocean energy and seawater RISK ANALYSIS LINEAR SPECTRAL FATIGUE Utilization Plant with ecofriendly technologies. BV has been involved substation jacket for the 450 MW Borkum Jan Nel, Research Center, in AIP as a partner. Constructive collaboration was Riffgrund 2 wind farm in the North Sea Risk and safety studies were in high A major study was carried out for Saipem Operations Manager, KRISO made through several feedbacks of evaluation, (Germany). And work continued during demand. Tecnitas delivered HAZID on the two FPSO conversions for the Debmarine Namibia clarification and improvement between the two 2015 on the design review for E.ON of the and HAZOP studies and a RAM study Kaombo project, including strength, Debmarine Namibia parties. A series of evaluations and advices with Rampion wind farm off the south coast of for the regasification system on the world’s buckling and spectral fatigue of the cargo is a marine diamond enthusiasm on original and revised designs played the UK, which will deliver up to 700 MW. largest FSRU, being built at DSME area and spectral fatigue of special areas a key role in the success of this challenging work to prospecting and mining Guidance on Classification and Certification for MOL. Pre-FEED HAZID and vent such as the bilge keel. Tecnitas delivered to demonstrate the 1MW OTEC plant in the near future. company, owned in equal shares of Floating Offshore Wind turbines was dispersion studies were done for the Bluewater and Sofresid the first ever linear by De Beers and the Republic published. CNOOC Lingshui FLNG project. approach spectral analysis of the turret of Namibia. The Company operates In China Tecnitas delivered a series and its connection to the hull. five diamond mining vessels and of risk and safety studies for Belgium’s we are currently building a deep CURRENT AND TIDAL TURBINES Exmar, for the alternate commissioning water diamond exploration and of the Caribbean FLNG, during the detailed CALCULATIONS AND INTEGRITY sampling vessel. A subsidiary of Bureau Veritas, MatthewsDaniel, We published updated guidelines NI603 engineering of the FSRU and during the first FEED phase of the Douglas Other work in the offshore area included was part of an audit team of subject intended to support the development Channel LNG project. a large number of calculations on flexible experts that conducted an of current and tidal turbines. OpenHydro/ risers and bending stiffeners for Technip Organisational Risk Assessment DCNS chose Bureau Veritas to oversee A HAZOP study was done for Technip Flexi France, studies on pipeline integrity (ORA) audit on the Company. the construction of stators for tidal current for the ENI South Coral FLNG proposed assessment and provision of second party The audit team’s objective was to pressure test critical controls and prototypes to be installed in a pilot farm for Mozambique. And outside inspection for the Shell Prelude and their effectiveness in the Company. off the French coast. We also provided the gas business, HAZID, SCE Ichthys projects. Research was carried MatDan also conducted a standards design review of the lifting equipment identification and QRA were done out on bonded joints, dimensioning for the barge that will install the turbine. audit for Debmarine Namibia on for a 90 m jack-up liftboat for Atlantic and reliability for the French Technical firefighting safety training providers. At the French SEENEOH river energy Maritime, FERA HAZID for a semi- Research Institute as part of the Jules MatthewsDaniel was selected converter test site, we developed methods submersible crane vessel for Heerema Verne joint industry project. An AIMS because of their knowledge, skills to deliver the power performance and FMEA and QRA for Temporary inspection manual was developed for and practical experience. They assessment of tested river turbine Refuge of an accommodation barge an FPSO and support was provided on brought us a different perspective

© Kriso prototypes.  built for AGIP KCO. flagging the Moho Nord TLP.  and we got a good quality outcome. 1 MW OTEC demonstration plant developed by the Korea Research Institute of Ships and Ocean Engineering. 46 47 OFFSHORE RISK ASSESSMENT

Mitigating risks

Against the background of a plummeting oil price, MatthewsDaniel continued to grow market share and strengthen in new areas. In the risk assessment sector

field rig moves continued to be popular, and MatthewsDaniel was able to deploy its expertise activities OFFSHORE as rigs were repositioned around the world, many to stacking locations. Loss adjusting continued to be a buoyant sector for MatthewsDaniel, which secured appointments on many high profile offshore incidents during the year. It also continued to diversify into downstream, power, mining and other heavy industries. ness rev i ew 2015 bu s i ness mar i ne & offshore © DR EFFICIENT INCIDENT RESPONSE the location using its in-house software to analyze the inherent complexities of the drilling site and create Following the catastrophic explosion on the FPSO Cidade specific recommendations for the installation. de São Mateus, offshore Brazil, MatthewsDaniel was 9,255 appointed by insurers to manage the claim process, MatthewsDaniel safely completed Marine Warranty Services investigate the circumstances of the incident and analyze for Anadarko on the installation of the Heidelberg spar TONNE LIFT the cause. MatthewsDaniel advised on emergency in the Gulf of Mexico. MatthewsDaniel provided project APPROVED operations, damage assessment, measures to remove engineering review and attendance monitoring for all critical FOR SPAR the unit, including disconnecting umbilicals and other operations including the lift and set of the spar production INSTALLATION production equipment, gas-freeing and laying down topside, living quarters module, stair towers, platform moorings. It also advised on the yard tendering process, crane, flare boom, and cellar deck extension. Installation preparations for towing the unit to the successful shipyard, of the topsides involved transportation to its location offshore subsequent equipment replacement, structural and services Texas and a lift of 9,255 tonnes utilizing the semi-submersible repair and ultimately reinstatement in the field. crane vessel Thialf.

RIG STACKING DRIVES MOVES

As drilling rig utilization fell sharply, demand rose for MatthewsDaniel’s marine and geo-technical services. COSCO Heavy Transport In 2015 around 30 percent of the South East Asia rig move performs marketing, attendances performed by MatthewsDaniel were to stacking engineering and project locations as contracts expired. In this environment, management for COSCO Shipping

MatthewsDaniel captured an increased number of location Company Ltd.’s fleet of eight © DR approvals, wet and dry transports and rig move attendances Peter Hansen, semi-submersible heavy lift MatthewsDaniel were marine warranty surveyor for the groundbreaking dual transport of two EVA Class rigs for Noble Corporation. by offering proven risk prevention philosophies allied President, COSCO vessels. We regularly and Heavy Transport to innovative tools and technology, combined with investment successfully transport rigs of all in in-house geo-technical and meteorological teams. types on our vessels. Our clients are ultimately responsible for RISK REDUCTION Transocean entrusted MatthewsDaniel with the analysis nominating the Marine Warranty behind mobilizing its Mobile Offshore Drilling Units (MODUs) Surveyor, which is often There was a noticeable increase in marine risk assessments. with onsite training for key personnel. De Beers Namibia, MatthewsDaniel. We consider in hazardous environments. The Polar Pioneer was towed Maersk Line and Maersk Tankers commissioned a marine which operates a fleet of five specialist diamond mining Matdan a leading warranty risk reduction study to identify areas where process vessels, requested a fire risk management audit and from Seattle to an Alaskan drilling location and back without surveyor with a proven track record improvement, adoption of best practice and knowledge a fire fighting training review, with MatthewsDaniel incident in a challenging geological environment, Transocean and first class reputation. Working transfer in terms of fleet management could yield marine experts then participating in an operational risk Honor was safely set down offshore Angola in a location together we achieve safe and  where another operator’s rig had previously suffered successful dry transportations of operating benefits. Saipem employed MatthewsDaniel management audit for the De Beers parent company. a catastrophic punch-through. MatthewsDaniel modeled our mutual clients’ valuable cargo. to evaluate marine operational procedures for its rig fleet, 48 49 The group at a glance

1,400 offices and e laboratories in 66,000 4.6 140 employees billion revenue countries

Bureau Veritas group A world leader ness rev i ew 2015 bu s i ness mar i ne & offshore in inspection, certification and laboratory testing

Our mission is to help clients worldwide to identify, prevent, manage and reduce risks. We provide solutions for their quality, safety, environmental protection and social responsibility requirements. Our employees are proud of their profession. Their impartiality and technical expertise are fundamental assets for Bureau Veritas, alongside the Group’s global presence and its broad portfolio of services.

OUR BUSINESSES OUR CORE SERVICES > Inspection Verifying on site that a product, asset Bureau Veritas has an extensive, Through its various businesses, or system meets specified criteria. diversified business portfolio. the Group assists its clients throughout Inspection covers a wide range Our activities are organized into eight the lifetime of their assets, products, of services designed to reduce risk, global businesses, each specializing and infrastructure and in the continuous control quality and verify quantity, in specific industries or service lines: improvement of their processes. and meet regulatory requirements. _Marine & Offshore This includes visual inspection, > Testing verification of documents, _Consumer Products Determining a product or manufacturing supervision and _Government Services & International Trade material’s characteristics in electronic and mechanical testing. a laboratory or on site. _Industry Testing provides businesses with > Certification _Construction the confidence that products are Assurance by an independent _In-Service Inspection & Verification safe, of the right quality and conform accredited body of conformity to specifications and applicable to specific requirements. _Certification regulations. We perform testing Certification represents a third-party _Commodities and analysis services in three sectors: stamp of approval that a product, commodities, consumer products service or system conforms to and industrial equipment. specified standards. It can enable They are carried out by some companies to enhance their reputation 400 laboratories. and open up new markets, or simply ensure that they are able to operate. Our certification services cover systems, products and people.  For more information, contact Bureau Veritas: 67-71 boulevard du Château - 92571 Neuilly-sur-Seine Cedex - France Tel.: +33 (0)1 55 24 70 00 [email protected]

www.bureauveritas.com/marine-and-offshore / May 2016 NP499 DSM R11 E Olivier Nomblot / Portraits: Veritas Bureau credits: / Photo Design: www.kazoar.fr / www.pefc.org sources. controlled and forests managed sustainably is from / This publication certified 10-31-1075 / PEFC