offshore: Strengthening foundations
In 2023, INSB Class continued to provide valuable technical assistance to offshore operators across various regions in addressing safety, offshore regulatory compliance, risk reduction and supporting operational safety throughout the preceding operating period.
The offshore maritime industry in 2023 experienced steady growth, driven by a sustained demand for energy resources, technological advancements, and increased focus on sustainable practices.
Despite geopolitical uncertainties and fluctuating market conditions, the offshore domain demonstrated resilience, contributing significantly to global energy while the push for cleaner energy sources and the expansion of wind farms created a dynamic shift in the offshore landscape.
INSB Class efforts were marked by several key milestones, including the survey and classification of newly introduced offshore assets, and the enhancement of compliance protocols that align with evolving international regulations.
An upward trend was recorded in the inspection and certification of Self Elevating Platforms and Drilling Units, which accounted for 31% of our newly certified offshore tonnage within 2023.
2023 SERVICES - EXISTING ASSETS
During the period in review, INSB Class dedicated Offshore Division delivered technical survey and certification services designed to help our client base address their offshore compliance with regulations, reduce risk, increase asset lifecycles and ensure operational safety.
KEY SERVICES PERFORMED:
_ Classification survey and certification
_ Conversion supervision
_ Lay-ups inspections
_ Statutory compliance & verification
TAMESIS |
|
| INSB No | 6885 |
| Type | MODU |
| Built | 2010 |
| LxB | 57×44 mts |
| Flag | St. Vincent and the Grenadines |
Offshore fleet at a glance
By end of 2023, 16% of our total aggregate registered tonnage was comprised of Floating Installations assets under the INSB Class register.
We continued to demonstrate our developing capability to serve Mobile Offshore Drilling Units, Floating Production Storage and Offloading Vessels, FSUs and other specialized types of offshore support vessels.
KEY OFFSHORE ASSET TYPES
SERVED IN 2023
No Data Found
OFFSHORE FLEET 2023 BY FLAG
%BREAKDONWN
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Key initiatives for long-term value creation within the Offshore Activity Area:
Our priorities towards long-term value creation within the Offshore Activity Area build on several key priorities aimed at enhancing the safety, operational efficiency, and sustainability of offshore operations. Our offshore activity strategic focuses include:
1. Growing the Core Floating Production Certification Activity
- Synergies and Project Wins: INSB Class seeks to expand its core business of certifying floating production units such as Floating Production, Storage, and Offloading (FPSO) units.
- Collaboration: leveraging synergies with industry partners and stakeholders, capitalizing on successful projects, and securing new certifications.
- Enhanced Expertise: Continue to strengthen our expertise in the certification of these floating production systems to improve safety and compliance with industry standards.
2. Expanding Global Presence in the Offshore Sector
- Regional Growth: gradually build a broader and stronger global presence in the offshore industry, establishing or deepening partnerships in key geographic regions with substantial offshore activities.
- New Markets: Tapping into emerging offshore sectors, including renewable energy (offshore wind and tidal energy), which requires certification services for new types of floating structures and systems.
3. Efficient Management of Class Transfers
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Handling All Steps in the Process: Streamlining the process of transferring vessels or floating units from other classification societies to INSB Class, ensuring minimal disruption and compliance with international standards.
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Seamless Execution: Implementing a smooth transition process by handling all technical, administrative, and regulatory aspects effectively.
