Remi Eriksen, Group President and CEO of DNV GL, has been on the job for nearly three years, taking over at arguably one of the more challenging and pivotal times in maritime history. We met with Eriksen recently in Athens, Greece, for his insights on the markets and DNV GL’s position going forward.
While Remi Eriksen’s tenure at the top of DNV GL has coincided almost perfectly with one of the maritime industry’s deepest and longest slumps, he said that there is the proverbial light at the end of the tunnel, with a small pick up in shipbuilding year-on-year since 2016. “We have been through challenging markets for the last three years, particularly the newbuilding market which is very important for class,” said Ericksen. “But it was needed because there were too many ships chasing too little work. It was needed, but it also means that shipbuilding activity has been at a historic low. The upturn is coming, but it will be nothing like the super cycle we saw from 2005 to 2015.
As the collective maritime market digests a challenging market, shipowners must also invest in the face of many new regulatory demands. “From the sulfur cap in 2020 to the ballast water management technology, to the CO2 road map that IMO has decided on, there are many things happening on the regulatory side, along with a challenging market,” said Eriksen.
As many leading organizations have been forced to do, DNV GL has take the opportunity to “adjust during the downturn,” said Eriksen. “One area we have been investing in is digitalization and our own digital journey, but also to help our customers make the transition to the digital world.”
“Our purpose is the same, safeguarding life, property and the environment. Our core markets are the same: maritime (the biggest); oil and gas, and energy. The main difference now is we are leaner, more agile, more responsive and for sure more digital than we were three years ago.
The Digitalization “Perfect Storm”
When looking at DNV GL and the future of class, there is no doubt that future is digital. “The digital world offers some opportunities, and it also introduces some risk, such as cyber risk (or cyber-attacks),” said Eriksen. Sharing data raises many trust issues, and to Eriksen this makes class an even more important partner moving forward. “Trust has been important in the past, and I think class can provide trust in the digital world too. I think moving forward the industry is even more complex, and class will be more important than ever, particularly as being an enabler in helping to take advantage of data and driving data into the decision-making process.”
While DNV GL talks a good digital game, it backs the talk with action, as near 60% of DNV GL’s Research & Development today is spent on digitalization. “The speed of change (in the digital world) is exponential. Just looking at ourselves, we are much more agile and efficient,” he said. In fact, he notes four factors that have created a digitalization ‘perfect storm.’
“If you look at the methods that have been present in academia since I went to school in the 1980s, we talked about neural networks, we talked about artificial intelligence and machine learning, but we didn’t have the sensor part, we didn’t have the connectivity part, we didn’t have the computing power and the storage,” said Eriksen. “Now we have high capacity at good prices, creating this ‘perfect storm’ … the methods have been there for quite some time, so now we can actually put them to good use in real life, and that is helping to cause the speed of change.”
While ‘speed of change’ and ‘maritime’ can sometimes be an oxymoron, the digital trend in maritime is real and manifesting itself in many ways. Looking at it through the DNV GL lens, “a lot of this goes into sensor and control systems, and this will be relevant for all types of shipping,” said Eriksen.
“This can help elevate situational awareness and ultimately autonomous shipping. Sensor and sensor fusion is one end, decision making is another.” One project worth watching is the Yara Birkland, which will be operational in 2019. “The remote ops will be the first step, then you need to have the correct sensor and sensor fusion so that you have the correct situational understanding – so you know what’s going on. The other part is on the decision making, the logic.” The next step is not doing the decision making remotely, rather on the vessels by computers, “A lot of research is going into that,” Eriksen said.A cornerstone of the DNV GL digitalization path its Veracity platform, an open industry, secure platform for digital innovation and industry collaboration. The platform includes a marketplace where users can access all DNV GL's digital services and applications, as well as services from third parties. Veracity also includes a community for developers to make it easier to develop new applications and analytics. Finally, the platform facilitates secure and easy data management and data sharing.
“It (Veracity) is gaining traction, today with almost 130,000 users representing 1,500 companies, with close to 1 million service subscriptions meaning each user is subscribing to more than seven services in average. We have seen this scaling up rapidly,” said Eriksen.
Digitalization and cyber security go hand-in-hand, and to this end DNV GL recently was the first to offer a new cyber secure notation. “Cyber Security is on everyone’s mind right now and (the creation of the new “Cyber secure” notation) is partly a push by us, and partly a pull by our customers,” said Eriksen. “We are doing a lot internally, both with our own people and with partnerships with the likes of Microsoft, leveraging the security developments they are building into their products and services. We have a good set up there, to take the best of their research and technology and add to this our own systems around it. A very competent IT organization and external partnerships are key to good cyber security, but this is a very fast developing market, and it’s something that you must always stay on top of and think ahead.”
DNV GL takes the Cyber Security issue a step further, offering ‘ethical hacking’ as a service, both internally and to its clients, to expose weaknesses. “That is the paranoia that you need to have all of the time. Nothing is 100% secure.”
$3.1 Trillion per Year: When Big Data is Bad Data
While much of the focus today is on data – the collection, dissemination and efficient deployment of data – not much has been reported on the cost of Bad Data. Remi Eriksen, Group President & CEO of DNV GL, put the matter in perspective during a presentation in Athens, Greece, during Posidonia. Eriksen, citing estimates from IBM, said that in 2016, in the U.S. alone, $3.1 trillion* was IBM’s estimate of the yearly cost of poor quality data, a stunning figure, particularly when you consider that research firm IDC estimates that the size of the big data market globally in 2016 was a mere (by comparison) $136 billion.
*(Source: Bad Data Costs the U.S. $3 Trillion Per Year, by Thomas C. Redman, Harvard Business Review; https://hbr.org/2016/09/bad-data-costs-the-u-s-3-trillion-per-year)
The Apprentice School of Tenneco's Newport News Shipbuilding recently graduated the first women apprentices in its 57-year history. The three women, Debbie Ann Eriksen, Karen Jean Morrison and Sherry Rebecca Skinner, were among the 157 apprentices graduating in this year's class. Two of the women
In connection with the Nor-Shipping Conference and Exhibition held last month in Oslo, Remi Eriksen, the newly appointed Group President & CEO of DNV GL, took the opportunity to present himself to the international maritime media. Eriksen will take over on August 1, 2015, from retiring Henrik O. Madsen.
With the establishment of the new company, B&W Diesel A/S, comprising the four divisions — B&W Marine Service, B&W Alpha Diesel AS, B&W Holeby AS, and B&W Engineering—changes have taken place in the technical management positions of B&W Engineering, Copenhagen. Headed by divisional managing director
It’s no coincidence that Class standard bearer DNV GL’s incoming group chief exec, Remi Eriksen, is a former telecoms engineer who knows his way around Houston (IT) and Singapore (yards). After all, the satellite communications industry understands shipping. The reverse should also be true. Speaking ahead
Stanley L. Clark, president of Raytheon Marine Company, headquartered in Hudson, N.H., recently announced that Carsten Peters, formerly marketing manager in the U.S., has been appointed managing director of Raytheon Marine Sales & Service Company, based in Copenhagen, Denmark. Mr. Peters will be
425 vessels have been delivered since it was founded in 1955. Today a trio of second-generation siblings run the yard, brothers and co-presidents John and Peter Duclos with sister Carol Hegarty serving as CFO. Maritime Reporter & Engineering News visited the yard recently and found the yard bustling with newbuild
relationship between Miami Diver, All- Sea and Trident spans 15 years a formal alliance was not established until earlier this year. According to Kevin Peters president of Miami Diver, there was no doubt in his mind that the alliance would not have been an immediate success. "Because of this venture, we now
Bob Daniels, marketing vice president of Marland Environmental Systems, Inc., has announced the appointment of Peter Gast Shipping GmbH as German sales agents for Marland's physical/chemical Marine Sewage Treatment Systems. Mr. Daniels indicated that the Gast firm was s e l e c t e d because of its
—Peters Promoted Stanley Andrie Jr. has been appointed director of transportation for Canonie Transportation of Muskegon, Mich. He has been with the company since 1974, and has held the positions of captain, operations coordinator, and most recently, manager of operations. A graduate of the Universit
appointments have been announced in the Inland Waterways Services Division of Texas Gas Transmission Corporation, Jeffersonville, Ind. Kenneth W. Peters has been named vice president of finance at the division level, while Robert W. Kilroy has been appointed vice president of industrial relations
Transportation Co. took delivery of the fourth and fifth 2,000-hp Z-drive towboat from Master Marine, Inc., Bayou La Batre, Ala. The 78 x 34 x11-ft. St. Peter was designed by Frank Basile of Entech & Associates, Houma, La., for Marquette’s Gulf-Inland division, based in Harahan, La. Master Marine is continuing
characteristics is the answer to this chal- 400 metric tons and now need to be for fewer turbines being built; with 20MW Renewables at Jan de Nul Peter De Poot- lenge.” 700, 800, 900, maybe even 1,000 metric turbines instead of 10MW units, half the er. “This will allow the installation of the De
ever, extends all over the United States and several other have the ability to prove that the work was done right,” says countries. George and Dorothy Peter are the owners. Origi- Dorothy. “Customers have complete con? dence in us. Big nally a marine mechanic, he also developed an af? nity for props
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completed the frst LNG be the hallmark of our barge-to-ship bunkering operations,” noted bunkering operation. The Shell LNG tanker Cardissa supplied the Peter Keller, Executive Vice President of TOTE. ship with liquefed natural gas. With four dual-fuel engines and To conduct the barge-to-ship operations
Overing - Florida tion of “what was.” In celebration of Maritime Reporter & Engineering News’ people, expanding most recently by Claudio Paschoa - Brazil Peter Pospiech - Germany 80th Anniversary, which falls in tandem with this, our Marine Design Annual, I opening an of? ce in Houston to serve William
ship- yard. He holds a bachelor’s degree in USCG Master Mariner license for over nia, Los Angeles. She received a mas- 17 years. Crowley also promoted Peter ter’s degree in business administration business administration from the Uni- versity of Southern Mississippi and an Sutton to vice president of
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INSIGHTS Company has approximately 500 employees, owns and operates 50 boats, 1,100 barges and four shipyards. Peter brings a unique perspective to the inland river business. Prior to arriving on the domestic waterfront, Stephaich lived in Europe and New York City where he worked for various fnancial
us the defnitive primer on how to get to the Promised Land. That story begins on page 40. Separately, this month’s INSIGHTS c-suite discussion is led by Peter Stephaich, Chairman and CEO of Campbell Transportation Company and Chairman of the Board of the Water- ways Council, Inc. (WCI). Arguably, few others
CONTENTS MarineNews March 2019 • Volume 30 Number 3 INSIGHTS 16 Peter Stephaich Chairman & CEO, Campbell Transportation Company LEGAL 28 Fuel Cells: industry examines options in race to zero emissions A maritime consortium recently proved the viability of a hydrogen fuel cell ferry
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enabling products to provide vessels, USV, ROVs; AUVs and the sea- bed. As well as leading bathymetric and wide coverage monitoring combined Peter Eriksen forward-looking visualisation sonars, with high sensitivity and accuracy. Blue Robotics Inc. Torrance, Calif. President/CEO: Rustom Jehangir No
in numerous All the design and manufacturing of Blueprint Lab environmental conditions. Built by sur- the acoustic products is carried out from St Peters, NSW, Australia veyors for surveyors, this USV is de- the single site in Great Yarmouth, UK President/CEO: Paul Phillips signed to be simple to operate
both AUV and ROV modes and handle connections in both OPT also has other ideas. In fact, another PB3 PowerBouy the horizontal and vertical plane,” says Peter Erkers, sales di- was recently shipped to the UK ahead of being sent out into rector at Saab Seaeye. “And it is the only vehicle currently the North
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F FUEL EFFICIENCY EMISSION REDUCTION The Drive Behind Water-Cooled Motors Peter Svartsjö at ABB discusses the bene? ts of water-cooled motors for marine applications that require megawatt levels of power, including space saving, increased energy ef? ciency and reduced maintenance needs. lectric motors
- Florida small, near and far, sit at the heart of everything we do at Maritime Reporter & ter. Delivered from Pascagoula, MS Claudio Paschoa - Brazil Peter Pospiech - Germany Engineering News. Shipyards are the bellwether of the maritime industry, as activity to serve in the Arctic, Baczkowski is William
tour was at the Coast Guard Research and William Stoichevski is MR’s correspondent in Norway. Development Center in New London, Conn. Svartsjö Ewing Peter Svartsjö is an Account Manager for ABB LV IEC Motors, Tom Ewing specializrd in energy and environmental topics. supporting marine customers. He has
. We need to meet the requirements of our power generation customers and we continue to look for opportunities to add or replace open hopper barges.” – Peter Stephaich, Chairman and CEO, Campbell Transportation Company (CTC) CTC MV Jeffrey A Raike (3,000 HP) with an integrated tow near Cincinnati. meet
SOx emissions. A brief ship management and produce fuel sav- Representing a source of this expand- ers, and business-minded investors will interview with Peter Strandberg, CEO, ing from interconnected marine systems ed maritime system data, Kongsberg be joined by techies, programmers, and Yara Marine Technologi
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Maritime Leader- ship Award. SCA also honored U.S. House of Representatives Chairman of the House Transportation & Infra- structure Committee, Peter DeFazio (R-OR) as a 2019 Maritime Leader- ship Award winner. As recipient of the Maritime Leadership Award, both are recognized as an exemplary
then to 48 is 2.25% below same period 2018. Hence, overcapacity in years in 2019 (signi? cantly older than foreign vessels in this market continues. Peter H. Stephaich Chairman and this sector which average 34 years as of this report date). CEO of Campbell Transportation Company, answering Of the vessels
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