DNV Petroleum Services Singapore Drives Maritime Growth

DNV Petroleum Services Singapore is a leading provider of classification and technical services to the maritime industry. They have been driving growth and innovation in the sector for many years.

Their expertise in classification and technical services has helped numerous companies navigate the complexities of the maritime market. This includes ensuring vessels meet the highest safety and environmental standards.

With a strong presence in Singapore, DNV Petroleum Services has been able to tap into the country's thriving maritime hub. This has enabled them to provide a wide range of services to clients across the region.

Their commitment to excellence and customer satisfaction has earned them a reputation as a trusted partner in the industry.

DNV Petroleum Services has a strong foundation, having been acquired by IK Investment Partners in 2013. This strategic decision was made by DNV GL Group, which believed the new ownership would provide DNVPS with a stronger platform and better focus for delivering on its strategic ambitions.

Eirik Andreassen, Managing Director of DNVPS, is poised for growth with IK, with opportunities arising from sharpening focus on clients' needs, expanding service offerings, and leveraging a fuel quality testing database to create value and develop innovative services and products.

DNVPS is an innovative and well-established company in a specialized niche market, according to Thomas Klitbo, Deputy Director at IK. The company will benefit from increased global fleet size and demand for its services, allowing it to maximize volume growth.

The acquisition by IK Investment Partners has given DNVPS a stronger platform, enabling it to focus on delivering on its strategic ambitions and grow as a company.

DNV GL has a significant presence in Singapore, with over 500 employees from the company's previous four offices around the island consolidating into a new headquarters.

The new office is located at 16 Science Park Drive and was officially opened by Minister S Iswaran on February 28, 2014.

DNV GL's new headquarters in Singapore is designed to accommodate the company's growth over the next 20 years.

The building features intelligent building structures and efficient energy consumption, with green initiatives such as central air conditioning set at 25oC for energy efficiency.

Some of the other green initiatives implemented at the new office include motion-based sensors for energy efficient lighting control, waste management through central general and recycling waste collection areas, and a reduction in paper use through badge and password-access printing.

The relocation of DNV GL's Singapore office also comes at a time when the company is integrating the operations of DNV and GL, which merged last September.

Here are some key facts about DNV GL's new office in Singapore:

Singapore's Maritime Industry is a significant player in the global trade, with the Port of Singapore being one of the busiest ports in the world.

The Port of Singapore has a total cargo handling capacity of over 1.5 billion tons per year, making it a crucial hub for international trade.

Singapore's strategic location at the southern tip of the Malay Peninsula allows for easy access to major shipping lanes in the region.

The country's well-developed infrastructure and logistics network make it an attractive location for shipowners and operators to register their vessels.

DNV Petroleum Services Singapore, a leading provider of classification and certification services, plays a vital role in ensuring the safety and efficiency of the maritime industry in the region.

DNV Petroleum Services (DNVPS) has made significant progress in the bunker testing business over the past 30 years. The company launched its marine residual fuel testing service on January 1, 1981, and has since become the biggest service of its kind in the shipping industry.

The DNV Fuel Quality Testing (FQT) program has analyzed over 1.4 million tested fuel samples, making it a trusted benchmark for the industry. Ship operators were previously unable to comprehensively predetermine the quality of bunkers, leading to costly engine damages during the Oil Crisis in the 1970s.

The DNV FQT program was a significant breakthrough, enabling ship operators to detect poor quality bunkers and take appropriate actions. This has resulted in a drastic reduction in damages to fuel pumps, piston rings, and other costly engine parts.

DNVPS developed and disclosed its proprietary test method for determining fuel metals content, including Aluminium and Silicon compounds. This test method became the basis for the IP377 procedure adopted by both ASTM and ISO.

Fuel quality testing is a risk management fundamental, alerting ship operators to potential engine damages caused by consuming bad fuel. The test data is also useful for various aspects of fuel performance benchmarking and improvement.