Risk Management Systems can be as crucial to a company’s profits as to its level of safety. The Dow Chemical Company has cut maintenance costs by $100 million annually with the help of DNV’s risk-based inspection methodology.
In terms of business philosophy, ‘I’m very customer biased,’ Helge Midttun admits – a bias that, from his perspective as Chief Executive Officer of DNV, is instrumental in order to prosper.
Shipowners around the globe are realising that rapid advances in the application of information and computer technology are creating new opportunities for greater safety, efficiency and profitability. In the race for a competitive advantage, the National Iranian Tanker Company (NITC) is among the world’s most progressive in the implementation of advanced IT systems. The tanker major recently opted for DNV’s class notation, Nauticus.
The container industry has much to celebrate with volumes increasing and economies of scale cutting costs. The Hamburg-based company is upbeat, as it follows a programme of fleet modernisation to maintain its competitive edge.
Petronas Research & Scientific Services (PRSS), the R&D arm of Malaysian state-owned oil company Petronas, has set itself an ambitious target. It aims to become the premier hydrocarbons R&D organisation by the year 2005 – with the help of DNV.
Det Norske Veritas Petroleum Services marked a significant milestone when it opened its new worldwide headquarters in Singapore in February 2001.
‘We cannot allow any interruptions in our schedules because of poor fuel oil and consequent engine problems. Therefore, we have a testing programme in place, making sure that all the fuel oil we take onboard is quality tested,’ says the Executive Vice President, Technical Services, of Neptune Orient Line (NOL) in Singapore, Kong Leong Teh.
DNV and BP are working together to make the U.K. offshore Safety Case a more useful and relevant tool – one to meet Lord Cullen’s intentions.
‘Piper Alpha was a turning point – not just for us but for the entire oil industry. The same was true of Brent Spar – although in a different way. But common to these two events was that they focussed attention on the industry’s ability to ensure people’s health and safety and protect the environment.’
American Express and the World Chambers Network are important partners for DNV as it enters cyberspace and offers its EBtrust Mark to Internet users. DNV in Italy has been the driving force behind the EBtrust project, which primarily covers six DNV regions: Italy, Sweden, Norway, Western Europe, India and the USA.
Europe’s four leading passenger-ship builders – Fincantieri, Kvaerner-Masa, Chantiers de l’Atlantique and Meyer Werft – last year delivered a massive 92 per cent of the world’s new cruise-ship tonnage. Most current orders at Germany’s Mayer Werft yard are to DNV class.
Classification experts claim that the application of sound risk-management principles can do much to reduce the incidence of casualties and damage in the shipping industry. But before a sensible risk-management plan can be drawn up, operating staff must be able to identify and prioritise the main risks. DNV has developed a risk-assessment service to help do this.
Houston-based company DeepVision, jointly owned by Baker Hughes and Transocean Sedco Forex, is in the forefront of deepwater drilling technology. Most of today’s offshore oil and gas production is at water depths of less than 300 metres. At these water depths, the largest reservoirs have already been discovered and the oil and gas industry is therefore focusing on new areas in deeper water, up to 3,000 metres, to make new discoveries.
The Hungarian COOP chain of grocery stores is facing stiff competition from multinational firms. Now COOP has chosen DNV to monitor the quality of its private labels.
The growing use of information technology is instigating a new industrial revolution, believes DNV’s board member Maury Devine. ‘The explosive development of IT, the Internet, and globalisation are the key forces driving the transition to a knowledge-based society,’ she claims.