Copenhagen Blue Business & Shipping Conference

Copenhagen Blue Business & Shipping Conference Shipping opportunities in offshore wind 27. February 2014

INTRODUCTION CAND MERC. (JUR) CBS (97) MINISTRY OF FINANCE (96-98) SAGA PETROLEUM OSLO, GROUP LEGAL (SOURCING) 98-2000) ADM. MANAGER, FAROESE OIL INDUSTRY GROUP 2000-2003 HEAD OF INSURANCE & CLAIMS, ROYAL ARCTIC LINE A/S 2003-2006 MANAGER GLOBAL CARGO RISK MANAGEMENT, GROUP LEGAL, VESTAS WIND SYSTEMS A/S 2006-2013 JUNE 2013, SENIOR ADVISOR, DANISH SHIPOWNERS

Danish Shipowners Association A.P. Møller Mærsk A/S TORM A/S D/S Norden A/S DFDS A/S J. Lauritzen A/S Teekay Uni-Tankers A/S herning shipping a.s. Royal Arctic Line A/S Nordic Tankers A/S VT Shipping A/S Nordic Shipholding A/S Viking Supply Ships A/S Fjord Line Danmark A/S DONG Energy Thermal Power A/S O.W. Tankers A/S Stena Line A/S Axis Offshore A/S SVITZER A/S Corral Line BB Danmark A/S Mærsk Olie og Gas A/S Hess Denmark ApS. Clipper Group A/S Kirk Shipping A/S Falcon Maritime A/S Ultrabulk Shipping A/S Investeringsgruppen Danmark A/S Dannebrog Rederi A/S Container Shipping A/S Copenship A/S Evergas T.K.B. Shipping Members The Shipowners Association of 2010 Rederiet Hansen & Lange Rederiet Otto Danielsen Rohde Nielsen A/S Unifeeder A/S A2Sea A/S AC Ørsleffs Eftf. A/S Andtri Towing ApS Blue Star Line A/S CT Offshore A/S Danish Pilot Service P/S Dansk Bjergning og Bugsering A/S ESVAGT A/S Greenland Mining Services A/S Hanstholm Bugserservice A/S HBC Hyperbaric Consult H. Folmer & Co. J.A. Rederiet JD-Contractor ApS. J. Poulsen Shipping A/S KEM-Offshore ApS- M/S Saturn Nørresundby ApS NCC Roads A/S, Råstoffer Nordane Shipping A/S Nord-Marine DK ApS Northern Offshore Service A/S NT Offshore ApS Nygård Shipping Danmark A/S Nørresundby Shipping A/S Offshore Marine Service Peter Madsens Rederi A/S P.U. Sørensen Rederiet Erik B. Kromann I/S Rederiet Erik Høj A/S Rederiet M.H. Simonsen SpS. Rederiet Nielsen & Bresling A/S Saga Shipping A/S Shipping.dk Sirius Shipping ApS. Svendborg Bugser A/S Svendborg Uddybing ApS. Terntank Rederi A/S Venus Shipping West Coast Towing ApS. DONG Energy Wind Power A/S AP line A/S K/S Thunderbird Århus Havn Danish Carferry Scandlines Danmark A/S Danske Færger A/S Mols-Linien A/S HH-Ferries A/S Hamlet Management A/S Småøernes Færgeselskaber Færgeselskabet Læsø K/S Faaborg Midtfyns Kommune Ø-Færgen A/S Ærøfærgerne A/S

Table 2-1. Installed MW Capacity of Offshore Wind by Country, as of end of 2012 Accu. 2007 Installe d 2008 Installe d 2009 Installe d 2010 Installe d 2011 Installe d 2012 Accu. 2012 Belgium 0 30 165 185 380 China 0 63 39 108 110 320 Denmark 398 228 207 833 Germany 0 60 108 30 80 278 Ireland 25 25 Netherlands 127 120 247 Norway 0 2 2 Portugal 0 2 2 Sweden 133 30 163 UK 730 194 262 925 750 2,861 Total World 1,413 344 645 1,444 140 1,125 5,111 Source: BTM Consult A Part of Navigant, March 2013 03/03/2014

Offshore - Wind Currently circa 5GW 40GW by 2020 (EU projection) Site overview Offshore Wind new Development phase Bigger turbines 5-10MW Further offshore up to 200km Deeper water 30-65m Harsher weather NEED New installation vessels - Cable, Foundations, O&M New methodologies More personnel Enhanced safety

Setting the scene: the driver THE OVERALL TARGET FOR OFFSHORE WIND ENERGY IS TO DRIVE DOWN THE LEVELISED COST OF ENERGY (LCOE). FOR THIS PURPOSE WE CAN DEFINE LCOE AS A STANDARD THAT IS USED TO COMPARE DIFFERENT ENERGY GENERATION TECHNOLOGIES OR SYSTEMS AT A GIVEN POINT IN TIME 03/03/2014

Megavind Partnership for windpower Planning, Consentin g policy and site selection Wind Power plants Wind Turbines Substruct ures Electrical Infrastruct ure Assembly and Installatio n Operation & Maintena nce Marine Operations supporting Offshore Wind 03/03/2014

Dimensions Rotor Diameter Airbus A380 80 m 135 165 m??? m 120 m 80 m 90 m 25 m 50 m 1990 1995 2000 2005 2010 2015 2020

9 Dimensions Logistic Challenges

Dimensions Weight and length 03/03/2014

Offshore Wind study: BTM/Navigant Category Vessel Type # of Vessels Construction Vessels Jack-up Vessels 7 Heavy Lift Vessels 1 Cable Laying Vessels 11 Cargo Barge 1 Platform Support Vessels 8 Multi-Purpose Project Vessels 17 Diving Support Vessels 2 Survey Vessels Multi-Purpose Survey Vessels 3 Service Vessels Tugboats 5 Emergency Response (ERRV) 28 O&M Vessels Service Crew Boats 30 Inbound Vessels Multi-Purpose Vessels 19 Total 132 03/03/2014

Segments in Ship-based Services for the Offshore Wind Industry 03/03/2014

Vessel type breakdown MPPV Vessel Supply and Demand 03/03/2014

Typical Project break down Mob/De Mob In Port (loading/ backloading/ seafastening Jacking Ops Waiting.. 53% Sailing Positioning Install. Preparations WTG installation 03/03/2014

Project break down Supply chain issues 38% Waiting on weather (=WTG installation 53% 03/03/2014

frekvens STATISTIK: NOS Achiver: 2013 2012 2011 Boardings: 2169 2729 1082 Persons to WT: 6819 8322 3479 Persons onboard: 1159 1578 1740 Provider: 2013 2012 2011 2010 2009 Boardings: 3373 1317 1262 4230 914 Persons to WT: 8503 3653 4263 11265 1618 Persons onboard: 2371 1259 1345 3576 585 03-03-2014

Expanding the weather window

Challenges as we grow DSA to facilitate and align various issues on behalf of our members by playing an active role in dealings with authorities and decision-makers, nationally and internationally. This is done by contionously striving for optimal legal framework (rammebetingelser) which is a prerequsite for our members in order to be able to bring their share of the savings to the table. Legal framework is to be understood amongst other as, access to markets on foreign contries continental shelf, technical requirements and classification of those vessels operating offshore oil & gas and Wind, special safety standards, installations and crew members including education Ex. To adapt the service technicians to the SOLAS Definition of seafahrer and passange Ex. Marine Spatial Planning. Implementation of EU directive

Thank you! 03/03/2014