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AN OCEANSAVER PRESS RELEASE

Major contract gives OceanSaver the lion’s share of the large vessel,ballast water management systems segment.

Norway, Drammen, – 10. June 2010: OceanSaver today announced signing a major ballast water management (BWM) system contract for sixVery Large Crude oil Carriers (VLCCs) to be built in China.Furthermore, OceanSaver has signed Letter of Intent for five VLCC’s with another major Asian shipbuilder thus lifting its order book to some 40 mill USD and making it the leading BWM system supplier to the large ship segment.

“We are confident that the market now has accepted the OceanSaver technology as we are taking the lion’s share of the large vessel segment, which mainly is tankers and gas carriers as well as large bulk carriers. Shipowners are acting on IMO’s International Convention for the Control and Management of Ship’s Ballast Water and Sediments which takes effect from 2012 for new vessels and we are witnessing an increased demand for our BWM system technology,” said Stein Foss, CEO, OceanSaver.
OceanSaver’s breakthrough came earlier this year when it won BWM system contracts with one of the leading Asian yards for three VLCCs, which together with current and other projects in the pipeline could bring their total order book up to USD 80 million or more within this year.
“Our first commercial contract was the first of its kind within the large ship segment and signified a major breakthrough for IMO’s Ballast Water Management convention, as well as for OceanSaver. However, our recent and potential orders position us as the market’s foremost provider of BWM systems. We estimate the overall BWM market to be about USD 35 billion from 2010 to 2020,” said Tor Eiken, Sales Director, OceanSaver.
OceanSaver’s latest contract includes six VLCCs at the Shanghai Waigaoqiao Shipbuilding Company. The Ship owner is based in Hong Kong.
The contract is for the supply of OS BWMS 6000 EX – which are to be installed within the existing pump room size on all the contracted vessels. Ballast pumps will be steam driven with increased delivery head as the only major design change caused by installing a BWM system.
BWMS 6000 EX treats 6000 m3 ballast water per hour can be installed in gas hazardous areas and is proven to quickly handle ballasting and de-ballasting operations.
OceanSaver’s BWM system applies a hybrid treatment approach comprised of a combination of filtration, cavitation, supersaturation (oxygen removal) and disinfection. It does not contain or use any substance that poses a risk to the marine environment, but offers simple and effective operations and control and has demonstrated compliance to the newly adopted performance standards for ballast tank coating schemes.
“OceanSaver is a robust and suitable ballast water management system for shipboard environments and offers a unique flexibility related to installation. The corrosion benefits looks very promising compared with competing technologies and the system is an optimal solution for marine applications” said Thor Jørgen Guttormsen, President, Leif Höegh & Co.
In terms of technological development, the OceanSaver BWM system meets one of the strictest and most complex compliance procedures of the International Maritime Organisation and other approval authorities. In addition, it has the potential to meet the California Performance Standards, governing ballast water management requirements for vessels over 300 gross registered tons.
Following speedy BWM system rollout for all the contracted deliveries, OceanSaver sees very good prospects for the further extension of its global activities.
“We have clearly defined goals which include being the leading BWM system supplier within our selected tonnage. The large vessel market represents 20% of the total number of ships worldwide, but approximately 40% of the total value of the BWM market. With a market potential of some USD 12 billion in our segments alone, it is expected that this will secure rapid and sustainable growth over the next years,” says Foss.
With type approval certificates in their pocket and a stream of orders rolling in, OceanSaver is now focussing on successful commercialisation, manufacturing and logistics in order to meet the demand and to assure quality in its deliveries to clients worldwide.
“We have established a strong global network of highly capable sales- and service agents and secured production capacity to accommodate significant orders this year and in years to come,” concludes Foss.
“We are very pleased with the commercial breakthrough of OceanSaver. The company brings a truly unique and innovative offering ready for a fast growing international market.” says Arne Frøiland, Partner and Founder of Energy Capital Management.
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About OceanSaver:
The introduction of invasive marine species by ships ballast water is considered one of the most serious threats to the world’s oceans (United Nations).
Ballast water management systems are becoming mandatory equipment onboard ships driven by a legal requirement following the adoption, ratification and entry into force of the IMO Ballast Water Management Convention in 2004.
OceanSaver is one of the pioneers within this emerging industry and its patented ballast water management system has been successfully tested according to the IMO Ballast Water Performance Standard and to the satisfaction of independent experts and major commercial operators.
The OceanSaver BWM system is type approved by DNV on behalf of the Norwegian Flag State Authority. The system is also approved for installations in gas hazardous areas, a prerequisite for tanker applications. During the development of the technology, comprehensive and independent corrosion and coating impact studies has been carried out, both in laboratories and under real-life onboard conditions. These confirm reduced corrosion and coating weathering rates. The OceanSaver BWMS has demonstrated compliance with the intentions of the IMO Performance Standard for Protective Coatings (PSPC).
OceanSaver’s Ballast Water Management System is designed to last the lifetime of the ship. Each component has been engineered or selected based upon a design lifetime meeting the required lifetime of any commercial vessel.
DNV completed studies of the OceanSaver ballast water management system to gauge its suitability on oil tankers, gas carriers, chemical tankers and bulk carriers, in terms of interfacing with ballast water handling, locations, onboard power, equipment sharing and ballasting procedures. The results were unanimous: OceanSaver is suitable for installation on all of the vessel types.
The IMO Convention will most likely be ratified in 2011/2012 with the USA requiring IMO compliance from 2012.
OseanSavers' largest owners are: Energy Capital Management (manager of Statoil Venture AS), Höegh Autoliners and Storebrand Livsforsikring AS.
  • Energy Capital Management
Energy Capital Management AS ( www.energycapital.no ) is a leading venture capital investor within the energy sector. It has been a dedicated investor in the upstream Oil & Gas and Clean Energy sectors for almost 10 years providing competent capital to high growth technology companies. ECM is the independent manager and advisor of Statoil ASA’s venture portfolio (www.statoil.com).
  • Höegh Autoliners
Höegh Autoliners is a leading global provider of Ro/Ro vehicle transportation services. The company operates approximately 50 Pure Car and Truck Carriers (PCTCs) in global trade systems. Main customers are major manufacturers of new cars, heavy machinery and rolling stock as well as second hand vehicles.
Based in Oslo, Höegh Autoliners has a global network of 30 subsidiaries and representative offices in Europe, North America, Asia and Africa. Höegh Autoliners is privately owned with Leif Höegh & Co Holding AS as majority shareholder and A.P.Møller – Maersk as a minority shareholder.
  • Storebrand Group
The Storebrand Group (www.storebrand.com), with roots back to 1767, is a leading company in the Nordic markets for pensions, life and health insurance, banking and asset management. It is listed on the Oslo Stock Exchange. The group's head office is at Lysaker, near Oslo. Storebrand Livsforsikring AS is the Norwegian pension and life insurance subsidiary of the Group.
For more information, contact Stein Foss, OceanSaver CEO:
Tel: + 47 900 86 090
Email: Ten adres pocztowy jest chroniony przed spamowaniem. Aby go zobaczyć, konieczne jest włączenie obsługi JavaScript.
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