OCTOBER 14, 2015 — Ulstein Design and Solutions BV and German deep drilling systems specialist Herrenknecht Vertical GmbH are using this week’s Offshore Energy 2015 exhibition in Amsterdam to present a future
He succeeds Jon Dunstan, who has resigned to pursue other interests outside of the company but will remain with it to hand over and assist Captain Kumar until February 2016.
Capt. Kumar, 55, has more than 25 years of experience in the marine industry. Prior to his appointment as CEO, he was Group Chief Operating Officer and executive director of EMAS Offshore’s parent, Ezra Holdings Limited. He has stepped down from those positions to concentrate on his new role with EMAS Offshore.
Prior to joining Ezra, he was an Assistant General Manager of Malaysian based offshore support services provider Bumi Armada Navigation Sdn Bhd.
Capt. Kumar is a qualified Master Mariner and holds a Certificate of Competency as Master of a Foreign Going Ship issued by the Malaysian Marine Department. During his seagoing career he held various positions onboard Malaysian International Shipping Corporation vessels.
“With his vast number of years of experience in the offshore industry, Capt. Kumar is a strong business leader we are fortunate to have in today’s challenging oil and gas environment,” said Mr. Lee Kian Soo, EMAS Offshore’s Executive Chairman. “He will be able to bring strategic insights to drive EMAS Offshore’s performance, maintain our leading position in Asia, and penetrate West Africa, which we have identified as a key market for us to grow in.”
The total order value is approx. MNOK 112, under construction at Daewoo Shipbuilding & Marine Engineering Co, South Korea, for Maersk. TTS has previously delivered similar equipment between 2012 and 2014 for another 20 vessels built at same shipyard for same shipowner.
The winches will be manufactured at TTS’ factory in Korea and deliveries will take place 2016 – 2017.
The less good news comes from subsidiary TTS Offshore Solutions AS in Bergen, Norway. It is to implement temporary workforce reductions with immediate effect.
A workforce of approximate 30 full-time equivalents will be temporary laid off, while another approximate 20 full-time equivalents will be contracted out to other TTS companies.The adjustment affects approximate 40 percent of the workforce of TTS’ offshore operations in Norway and Poland.The adjustments are in response to the current offshore market situation.
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