Ahead of the International Maritime Organization’s (IMO) ambitious and challenging goals for 2030 and 2050, the maritime community explores new ways and accelerates its efforts towards decarbonisation and sustainability. Recently, we performed an underwater Propeller Boss Cap Fins (PBCF) installation job on one of our client’s 50,000 dwt oil tankers. The expected fuel savings generated through the innovative PBCF design are estimated to be in the range of 3-5% with the same reduction in harmful emissions.
Over the last few weeks, we have been sharing our thoughts about the implications of the global pandemic on our sector, especially concerning SE Asia and Singapore. We are fortunate to have one of the most stable economies in the world, with no net debt and high government revenue. We are also the world’s top maritime capital but we remain a small island nation whose fortunes are equally dependent on the ebb and flow of the wider global economy.
In our blog last week, we shared some thoughts on the “new normal” we’re facing in the maritime sector; as we begin to emerge from the pandemic crisis of the last 6 months, the risks to global trade and the benefits of digital disruption have come to the fore. Today, we’re looking at one of the early winners in all the chaos. If there is one aspect of life that is benefiting from the COVID19 pandemic, it’s the environment.
On our first day returning to work after the Chinese New Year holiday, the team here gathered to begin executing our business plan for the year ahead.
Suddenly, out of nowhere, we were blind-sided by the wrecking ball of COVID19 which took root in Singapore in late January, and with that, we had to begin accepting that perhaps we were no longer quite masters of our business destiny.
The Covid-19 situation and its implications to businesses call for radical changes of how we are operating. Safe distancing measures and the minimisation of direct human interaction have accelerated technological development and deployment. For our industry, the use and application of remotely operated vehicles (ROVs) in the space of underwater hull inspections and hull cleaning activities will become the norm.
The Covid-19 pandemic has strongly disrupted lives, families, communities and businesses for the past few months with our Non-Destructive Testing (NDT) business being no exclusion. As we currently had to cease all our client facing operations, we have taken this opportunity to shift our focus to the continuous improvement of our internal processes, and in particular our quality and technical competency standards.