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K LINE OFFSHORE AS PRESENTATION
K LINE OFFSHORE AS PRESENTATION
Joint Offshore Business Development:
What are the Implications?
Maritime Offshore Technology
gy Seminar
Tokyo, 2nd November 2012
Tomoyuki Okawa
Chi f E
Chief
Executive
ti Offi
Officer
Copyright © “K” Line Offshore AS
“K”
K Line Group Fleet
9 Total Number of Vessels under “K” Line Group: 559
Energy
Offshore
Container
Vessels
(80 Vessels)
Pure Car Carrier
(97 Vessels)
Offshore Support Vessel (7 Vessels)
Drill Ship (1 Vessel)
Heavy Lifter (16 Vessels)
LNG FPSO
((4 Vessels on Order)
CNG Carrier
(Under Development)
Copyright © “K” Line Offshore AS
Bulk Carrier
(236 Vessels)
Others
((52 Vessels))
Crude/Product/
LPG Tanker
((27 Vessels))
LNG Tanker
(43 Vessels)
ABOUT K LINE OFFSHORE
•
•
•
•
Founded in October 2007
Owned 95% by Kawasaki Kisen Kaisha, Ltd and 5 % by ADS Offshore AS
Ship owning and operating company of Offshore Support Vessels
Head Office located in Arendal,
Arendal Norway
Copyright © “K” Line Offshore AS
BUSINESS DEVELOPMENT : SUCCESSFUL RAPID GROWTH
•
Oct. 2007 Together with Norwegian partner OSM, the Company founded and ordered high
end 2 AHTSs and 4 PSVs from Aker Yards (now called STX OSV)
•
O t 2008 Start
Oct.
St t operation
ti by
b chartering
h t i mid-size
id i PSV KL Arendalfjord
A d lfj d
•
Jun. 2010 Petrobras(PB) award contracts for two PSVs KL Arendalfjord and KL Brevikfjord
under 4+4 yyears time charter contract
•
Sep. 2010 KL Brevikfjord (#1 PSV) delivered and started PB contract
•
Jan. 2011 ConocoPhillips UK(COPUK) award contracts for two PSVs under 2+1 years
contract
•
Jan. 2011 KL Sandefjord (#1 AHTS) delivered and started trading in spot market, while KL
Brisfjord (#2 PSV) delivered and started COPUK contract
•
Apr. 2011 KL Saltfjord(#2 AHTS) and Brofjord (#3 PSV) delivered and started trading in spot
market
•
Jun. 2011 KL Barentsfjord (#4 PSV) delivered and started COPUK contract
•
Jan. 2012 Statoil award KL Brofjord for 5 months contract starting Jun. 2012
•
Apr. 2012 Statoil award KL Sandefjord for 4+4 months contract starting Jun. 2012
Copyright © “K” Line Offshore AS
FLEET & CONTRACT COVERAGE
9 6 out of 7 vessels in term contracts verifies KOAS’s reliable services
Type
Vessel Name
2012
1Q
2Q
3Q
4Q
2013
1Q
2Q
3Q
4Q
2014
1Q
2Q
3Q
4Q
PSV
KL Arendalfjord Petrobras (4yrs+Opt)
Option
PSV
KL Brevikfjord Petrobras (4yrs+Opt)
Option
PSV
KL Brisfjord
CoP UK (2yrs + Opt)
PSV
KL Brofjord
BP/Statoil/Ross Statoil
PSV
KL Barentsfjord
j
CoP UK (2yrs + Opt)
( y
p)
AHTS
KL Sandefjord
Spot
AHTS
KL Saltfjord
Sa t jo d
Spot
Option
p
Statoil
Term (>= 30 days contract)
Optional Period
Optional Period
Copyright © “K” Line Offshore AS
Option
Spot (< 30 days contract)
Open Position
Open Position
PSV
9 4 World’s Largest Size PSVs
9 1 Most Popular Mid-Size PSV
STX PSV 06 CD
UT755L
5,100dwt / 1,100m2 Cargo Deck Area
Fuel Efficiency
3,300dwt / 680m2 Cargo Deck Area
Copyright © “K” Line Offshore AS
AHTS
9 2 World’s Most Capable Bollard
Pull AHTSs
STX AH12 CD
390/397 tons Bollard Pull
ROV, Winch capacity 600 tons,
Large chain locker, Fuel efficiency
Rig Move Operation
Anchor Handling Operation
Copyright © “K” Line Offshore AS
ROV
9 Excellent cooperation with IKM Subsea installing their advanced
ROV services
9 Added value to KOAS’s
KOAS s High-End
High End AHTSs creating additional
solutions to provide to KOAS clients
ROV (Merlin WR200)
Copyright © “K” Line Offshore AS
Launching ROV
STRATEGIC ALLIANCE BETWEEN
”K” LINE AND OSM/ADS
Strength
“K”LINE
K LINE
OSM/ADS
¾ Enormous track record in
conventional shipping
¾ Commercial and technical
expertise and asset in
conventional shipping
g capital
p
background
g
¾ Strong
¾ Global industrial network
¾ Enormous track record in
technical management
¾ Technical expertise in
conventional and offshore
shipping services
g North
¾ Access to world leading
Sea offshore market and
industry
Weakness ¾ Volatile conventional
shipping market leading to
volatile financial position
¾ Difficulty to differentiate
from competitors in
conventional shipping
industryy
Copyright © “K” Line Offshore AS
¾ Limitation in funding
¾ Limitation in global industrial
network
BEFORE K LINE OFFSHORE START
Offshore
“K” Line
OSM/ADS
×
△
C
Commercial
i l
△
○
Technical
△
○
◎
△
Hardware
Business
Software
Capital Capability
Copyright © “K” Line Offshore AS
STRATEGIC ALLIANCE : STRUCTURE
95%
Vessel Owning
& Commercial Management
Technical Management
Copyright © “K” Line Offshore AS
5%
9 Combination of sophisticated
p
High-End
g
hardware (vessels) and 1st class software
(commercial and technical management)
based on cultural mix
9 Superior reliable offshore support vessel
services
IMPLICATIONS : KEY SUCCESS FACTORS
High End
Hardware
1st Class
Software
Excellent
Coordination
among
P t
Partners
Copyright © “K” Line Offshore AS
Compliance
C
li
with
ith
clients demand
Create additional
value to clients
TUSEN TAKK !!
DOMO ARIGATO !!
THANK YOU VERY MUCH !!
Copyright © “K” Line Offshore AS