Page 10: of Maritime Reporter Magazine (June 2021)

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Quotable “Digital will be a key enabler to make the next giganO c leap in how we make improvements in emissions and e? ciency.”

Peter Fitzpatrick,

VP, Strategic Development, ABS

ABS 40 “Evaluat ng a 260-m trimaran 22 sealif ship, comparing the cost of a “Almost two dozen deepwater t tanium vessel with a steel vessel, projects requiring either an found that the acquisit on cost of

FPSO or product on semi the t tanium vessel would be $2.3B compared to $1.5B for a steel ship. look likely to proceed to

However, the lifecycle savings of the development by end next t tanium vessel would be $2.74B. In year. EPC contracts for the other words, once you build the ? rst product on units will have vessel in t tanium, with the savings an aggregate value of $35 to you can build the next vessel for $40 billion. This is a much free.”

Q higher near term ordering

Rik van Hemmen pace and contract value than

President, Mart n & Ot away ant cipated six months ago.”

Jim McCaul

Director, IMA/WER

Watch the full interview with

Jim McCaul on OE TV @ 14 10 Maritime Reporter & Engineering News • June 2021

MR #6 (1-17).indd 10 6/3/2021 2:08:24 PM

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.