DNV GL in Greece. Ioannis Chiotopoulos, Regional Manager SE Europe, ME & Africa. 04 December 2017 DNV GL. 04 June 2018 SAFER, SMARTER, GREENER

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1 DNV GL in Greece Ioannis Chiotopoulos, Regional Manager SE Europe, ME & Africa 04 December DNV GL 04 June 2018 SAFER, SMARTER, GREENER

2 Owned fleet by nations* (mgt) Millions Greece Japan China USA Germany Singapore Hong Kong S. Korea Bermuda Norway *Seagoing vessels only Source:IHS Fairplay, Tanker Bulker Gas Offshore (MOU+OSV) General cargo(cont+mpv) Misc. 2

3 Ownership of NBs orders (mgt) Greece South Korea Japan United States Singapore Source: Clarksons research Apr-18 4

4 Buyers & Sellers of Second Hand Vessels (2017) 14 Buyers in mgt 10 Sellers in mgt Greece China P.R. Norway Germany United Kingdom 0 Greece Germany Japan United States China P.R. Buyers of Second Hand vessels in GT Sellers of Second Hand vessels in GT Source: Clarksons research Apr-18 5

5 DNV GL setup in Greece and successes 6

6 Significantly increase market share in Greece within strategy period ( ) PILLAR 1 PILLAR 2 PILLAR 3 PILLAR 4 PILLAR 5 Global network of Greek speaking employees (surveyors, PMs, KAMs, PMAs) Enhanced marketing and business development Increased responsibility and visibility of DATE Focused R&D and commercialize R&D results Reinforce Piraeus office to better support the local market with local competence Organizational changes within the Region 7

7 Our efforts paying off Results of the strategy so far: Increased market share More class entries & less exits Increased customer satisfaction Very positive feedback from the market Significant market share in the biggest shipping community in the world 8

8 Greek-speaking surveyor network 9

9 New additions to Greek business development team Sergis Ioannis Regional Segment Manager for Bulk Carriers Karystios Leonidas Regional Segment Manager for Gas and Tankers Michas Nikolaos TSM / KAM / Single point of contact for Chinese yards 10

10 Projects with Greek customers 11

11 Greek owners trust DNV GL 30% NBs placed by Greek owners in % of the LNGs ordered by Greeks Owners More than half a million GT has been transferred by Greeks to DNV GL Kyklades Maritime Corporation 4 VLCCs in HHI Maran Gas Maritime First FSRU ordered by Greek Company Costamare Shipping Co S.A. 5 container ships of 11,000 TEUs capacity 12

12 Cyber security Great interest by Greek companies Largest portion of DNV GL projects come from Greece DNV GL has carried out many TMSA 3 early compliance projects Our cyber security portfolio of services has been developed after requests from Greek customers Greek service and product providers are taking a lead position globally on cyber security services and DNV GL is there to cooperate and assist such as type approval. 13

13 Feedback to our digital services Greek owners tend to become the trend setters on digital services arena They see that early participation in the development may lead to early adoption, fast maturity and increased knowledge for their organisations By doing so, they understand that they can position themselves ahead of the international competition thus becoming more attractive to their customers Over the past years, the annual DNV GL Greek technical and National committee meetings have smart shipping on the agenda Through these meetings and feedback we receive, DNV GL has developed various digital services to tackle the challenges faced by the Greek owners 14

14 Young fleet, modern fleet Greek owned fleet is one of the youngest in the world Every year a large number of newbuildings are been delivered to Greek management companies Older vessels are been sold and newer vessels are been bought by Greek companies, renewing their fleets These newbuildings are designed to the latest and highest specification in connection to the upcoming environmental regulations Almost all of them are either scrubber fitted or scrubber ready (especially the tankers and container ships) Example: Almi Atlas (article picture on the right) first VLCC in the world with scrubber and TierIII compliance 15

15 Q&A Thank you for your attention. We are looking forward to your questions! 16

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