Bahri Ship Management 5 Strategic Business Units 3 Annual Report 2017 78
79
Safety is top priority
The safety of both seafaring and office- based staff is top priority for us. As part of our continuing efforts to improve safety across the organization, Bahri entered into a partnership in 2017 with Lloyd’s Register’s Human Element team. This joint enterprise helped our people make improvements in our already strong safety culture. This partnership will continue into 2018. Our ship management team monitors ships’ speed, fuel consumption and hull fouling, using intelligent monitoring systems and high-performance cargo tank and hull coatings, leading to consistent improvement in operational efficiencies. In 2017, Bahri Ship Management was one of the first shipping companies to comply with the European Union’s requirement to submit MRV (Monitoring, Reporting, Verification) plans for the full fleet, well ahead of the deadline. Our new vessels are equipped with modern fuel-efficient engines that comply the most stringent emission regulations in force. Hull structures Efficiency watch
Our internal safety programs focused on strengthening staff awareness through surveys and continued training. One of the most important and popular achievements was our success in simplifying the safety regulations, making complex issues more accessible to be read and understood by our multinational and multicultural staff.
and propellers are matched and tested extensively during the building of new ships to ensure optimum propelling efficiency and minimum emissions. Yet, several initiatives were taken to further broaden our green footprint by using modern technologies to significantly reduce the impact of greenhouse gases nitrogen oxide (NOx) and sulfur oxide (SOx) emissions from docked vessels. Propelling efficiency was optimized whilst significantly reducing fuel consumption by using better Hull Paint systems, installing Mewis ducts and Propeller Boss Cap Fins.
Bahri’s strengths of safety, quality and teamwork delivered increased efficiency and decreased running costs in 2017. Ship running costs and crew costs were further optimized through proactive maintenance and through strategic procurement. This focus on operational efficiency saved us SAR27 million during 2017 – SAR6 million in savings from the dry-docking of vessels and SAR21 million in ship running costs.
Cost savings (percentage)
Cost reductions in fleet
Cost savings (SAR)
Ship type
VLCCs
-4.4% -4.3% -1.1% -1.2% -1.0%
18,804,941 1,895,719 335,344 484,538 1,817,790 ) 2,258,438 (
operations and maintenance in 2017 compared to 2016
Product carriers Dry bulk carriers Breakbulk carriers Chemical tankers NCC products Total Savings
6%
21,079,894
Powered by FlippingBook