Asian Offshore Support
Journal Conference 20-21 September 2017, Singapore

Asian Offshore Support<br /> Journal Conference


Preparing for recovery and anticipating opportunities


08.00 Registration, coffee and networking

09.00 Chairman’s welcome address
Edwin Lampert, Head of Content, Riviera Maritime Media 


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 

09.35 Q&A

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


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


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

15.00 Q&A
15.25 Networking break in the exhibition area



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



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  


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 

11.40 Q&A


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

12.50 Q&A

​13.00 Networking lunch in the exhibition area


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.
14.10 Background
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
15.40  Q&A
16.00  Concluding remarks by the chair
16.20  End of conference
* Programme subject to amendments/change

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