DAY ONE - WEDNESDAY 20 SEPTEMBER 2017
08.00 Registration, coffee and networking
09.00 Chairman’s welcome address
Edwin Lampert, Head of Content, Riviera Maritime Media
SESSION 1: MARKET AND FINANCE OUTLOOK
09.15 What business models work in 2017-18?
- Who is spending and where are the new projects?
- Is the SE Asian model of owning and building vessels still valid?
- Should owners dispose of shipbuilding and repair facilities or are they beneficial in a downturn?
- Are in-house repair facilities profitable or essential?
Thom Payne, Director, Westwood Global Energy Group
09.45 Panel discussion: When and how to position your company for when the market turns around
- Managing liquidity and cashflow constraints
- Dealing with low prices and onerous contract conditions
- Handling project completion and financial risk in an era of ‘lower for longer’ oil prices
- Retaining talent and skilled personnel from downturn to recovery
Kenneth Richardson, Executive Vice President, Global Offshore, ABS
Megat Zariman Abdul Rahim, Vice President (Asia Pacific), Bumi Armada Berhad
Vivek Seth, CEO, Halul Offshore
Thomas Tan, Executive Chairman and CEO, Kim Heng Offshore Marine Holdings Limited
10.25 Networking coffee break in the exhibition area
SESSION 2: THE SOUTHEAST ASIAN OWNERS
11.05 The Southeast Asian market by country: What are the differentiators and how do the requirements of each country and oil major differ?
- Where are the bright spots?
- What does Singapore’s government support package mean to the OSV industry – How can it be accessed? Who can apply?
- Strategies for keeping your fleet on hire
- Adjusting fleet composition to meet evolving requirements
Rajiv Biswas, Commercial Director, Chellsea
Capt. Imran Azmi, EXCO Member, The Malaysian Oil & Gas Services Council (MOGSC)
Sugiman Layanto, President Director, PT Wintermar Offshore Marine, Tbk
11.45 Southeast Asian owners in a global market: where are the opportunities outside the region (Middle East/ Mexico/ Africa)
- Where are marketing dollars best spent?
- Examining the trends in day rates in these regions
- Which region is showing the most promise?
- What approaches work in winning tenders?
Duncan Telfer, Commercial Director, Swire Pacific Offshore
12.05 How and when to handle vessel impairment
- Why vessel impairment required?
- Determine if and when to test for vessel impairment
- What are the indications that vessel may be impaired?
- Recoverable amount, fair value less costs to sell and value in use
- Recognizing & measuring vessel impairment loss
- Reversing impairment loss; how and indications that impairment loss may no longer exist
Faisal Nur, Finance Director, PT Baruna Raya Logistics
12.30 Networking lunch in the exhibition area sponsored by Focal Marine & Offshore
SESSION 3: ALTERNATIVE USES FOR OSV
13.40 Renewable energy and tonnage needed by windfarm developers in Asia and Oceania
- Current development and prospect of offshore wind industry in Asia and Oceania
- Tonnage needed by windfarm developers in respect of different development stages
- Similarities between oil & gas and offshore wind industries
- Where are the opportunities?
Ethan Wang, Manager - Newbuilding's & Projects, Maersk Broker Asia
14.00 Offshore decommissioning
- Defining an acceptable level of risk for decommissioning
- Vessel and removal contractor selection
- Understanding the intent of industry requirements and guidelines
- Management of decommissioning risks
Capt. Steven Foong, Regional Business Dwvelopment Manager APAC, Global Maritime Consultancy
14.20 Ship Recycling and Residual Values: The Offshore Market
- The importance of Residual Values
- Recycling Volumes: Where do we stand today?
- The challenges of offshore units recycling
- Regulatory framework and other factors influencing recycling
Faidon Panagiotopoulos, Trader, GMS (Dubai)
14.40 Addressing over-capacity
Venkatraman Sheshashayee, CEO, Miclyn Express Offshore
15.25 Networking break in the exhibition area
SESSION 4: NEW WAYS OF APPROACHING MARKETS, COMPETITION AND SUPPLIERS
Audience will form groups to discuss lessons learned, pervasive issues and new approaches in the new market environment post downturn. Each group will be headed by session leaders who will summarise what had been discussed and share the conclusions to the entire audience at the end of the session.
16.05 Breakout sessions on following focus group discussions with respective session leaders:
Offshore Industry leaders
Capt. Mike Meade, CEO, M3 Marine Group
Technology and Innovation
Gijsbert de Jong, Marine Marketing & Sales Director, Bureau Veritas
Designers and Shipyards
Shu Jun, General Manager, Focal Marine & Offshore
16.50 Summary and conclusion by breakout session leaders
17.20 Closing remarks by the chair
17.25 Networking drinks reception in the exhibition area sponsored by ABS
DAY TWO – THURSDAY 21 SEPTEMBER 2017
The Breakfast Club – by invitation only
This exclusive session allows business leaders to discuss what went wrong and how everyone can learn from it. It will be a closed-door session on the next trend in the market cycle to explore visions of the new competitive landscape, challenges in finance and cost recovery and capacity erosion implications.
08.15 Networking coffee break in the exhibition area sponsored by Bureau Veritas
09.00 Introduction from the Chairman
SESSION 5: NEXT WAVE OF DESIGN, EQUIPMENT AND OFFSHORE OPERATIONS AFTER OFFSHORE E&P DEMAND PICK UP
09.10 Preparing for the future: Winning concept of offshore design
09.30 Multi-speaker session: (3 speakers, 15 minutes each)
Improving efficiency and reducing costs: what works and what doesn’t?
- Key manufacturers (DP, engine, automation) on OSV technical growth differentiators
- Technologies that will enable operations to be completed quickly while not compromising safety
- How to reduce costs by improving efficiency
Jon Olav Lindtjørn, Global Project Manager, ABB Marine and Ports
Vivek Khabya, CEO, Wootz Global
10.20 Networking coffee break in the exhibition area sponsored by Bureau Veritas
11.00 How innovative owners, lenders and investors are gaining advantage through real-time analytics and online tools.
- Who’s competing or can compete on tenders?
- What’s laid up?
- What’s really happening in S&P?
- Are there any willing buyers and sellers out there?
- Should you be buying, holding or selling?
Adrian Economakis, COO, Vessels Value
11.20 Safer and Cheaper Options for Offshore Marine Logistics
Chris Pemberton, Regional Sales Manager - APAC, Austal
SESSION 6: MANAGING LAY-UP AND REACTIVATION
11.55 Reactivation - the opportunity to make DP operations even safer
- What needs to be done when reactivating a DP vessel
- How the negatives associated with laying up a vessel can be turned to positives when considering safe operations after a period of layup
Joey Fisher, Managing Director, M3 Marine Expertise
12.15 Ensuring you have crew and expertise to sustain a resurgence of activity
- How to ensure competence during and after a downturn
- How can the industry keep mariners ready for the next uptake in demand?
- Will the supply of vessels and staff be enough when activity picks up?
- Quality and motivation of mariners, post wage cuts
Capt. John Lloyd, CEO, Nautical Institute
12.35 When and how to reactivate a vessel from lay-up
- Methodology of coming out of lay-up
- The cost of reactivating vessels
- What resources would you need after vessels are reactivated?
Ahmad Sarthy, Director Offshore, Pacific Division, ABS
13.00 Networking lunch in the exhibition area
SESSION 7: PROSPECTS OF RECOVERY
A debate structured to involve two opposing teams and delegates in discussing a controversial industry motion. One team will argue for the motion. The other against. The winning team will be decided by audience vote.
Motion: This house believes that the depression has bottomed out.
14.15 Proposer (for the motion)
James Pang, Managing Director - Business Development & Commercial, Pacific Radiance
14.20 Opposer (against the motion)
Hassan Assad Basma, CEO, HBA Offshore
14.25 Seconder (for the motion)
Leong Seng Keat, CEO, Nam Cheong
14.30 Seconder (against the motion)
James W. Noe, Chief Executive Officer, CH Offshore
14.35 Debate Points
- Is the industry going to adapt to a new baseline of oil at $50-55/ barrel?
- Does the stabilisation of the oil price allow projects that have been on hold to be realised?
- Does the market show signs of a significant upturn yet?
- Has the industry adjusted sufficiently during the lower oil price era?
15.10 Vote on the motion and verdict
15.20 Closing Keynote: Preparing for recovery in the OSV industry landscape
An analysis of the current situation, which sectors of the industry will recover first, where the opportunities will be and what steps owners need to take to take advantage of opportunities when they arise
16.00 Concluding remarks by the chair
16.20 End of conference
* Programme subject to amendments/change