Wavespec News

Marine design and engineering company Houlder announced the formation of an LNG project team in its London headquarters. Ian Meaden, Des Upcraft and Lijo Thomas joined the team this month to work exclusively on developing LNG projects in response to market requirements. The company said its new talent investment means it can build on its current LNG equipment projects to help with all aspects of marine design, engineering and project management from initial FEED study to implementation.

Braemar Engineering, the marine engineering consultancy arm within the Braemar Shipping Services Group, has launched a new venture which recognizes the growing importance of LNG as a global maritime fuel source. It will be taking its experience and skills in dynamic positioning (DP), LNG in the marine environment, and LNG supply, and applying them to a new operation that will advise on every aspect of the use of LNG as a fuel source in the offshore sector. “This venture is a logical extension for us,” said Geoff Green, Managing Director of Braemar Engineering (formerly Wavespec).

Incident response and environmental clean-up specialist Braemar Howells and its sister company Braemar (Incorporating The Salvage Association) are to work together to provide a 24-hour global response capability to the world’s shipping and marine insurance sectors. In what is being seen as a key development in the expansion of Braemar’s Technical Services (BTS) division, both companies have formed Braemar Marine Salvage Support Services which will provide on-site distressed cargo management and salvage support services to salvors…

Braemar Shipping Services plc's penetration of the global marine and offshore services sectors continues to develop with the bringing together of its business units under the umbrella control of the Braemar Technical Services (BTS) division. As was set in train with the results’ announcement in May 2011, BTS will bring a broader service as well as operating efficiency benefits to customers of its technical services businesses - Braemar Casbarian, Braemar Falconer, Braemar Steege, Braemar (incorporating The Salvage Association) and Braemar Wavespec/Wavespec. - Braemar (incorporating The Salvage Association) as a leading multi-disciplinary marine surveying and technical consultancy arm providing services to the world's shipping, offshore energy and insurance sectors.

Wavespec hopes to expand its capability to deliver a range of products for the offshore industry – particularly dynamic positioning (DP) vessels – through a managerial restructure and expansion of its global office network. The company  has recently promoted two of its senior engineers: Andy Bright has become Manager, Marine Projects, and Ted Brooking has been appointed as Manager, Offshore and DP. Wavespec, a member of the Braemar Shipping Services Plc group of companies, is now able to offer these and other offshore related services through its recently established Houston office.

Technical consultant Wavespec has opened a U.S. office in Houston, Texas. “We have chosen Houston for our U.S. office because it is the center of the oil and gas industry in the States, as well as the offshore industry,” said Geoff Green, Managing Director of Wavespec. Braemar Wavespec USA Inc. will initially focus on LNG terminal work, Federal Energy Regulatory Commission (FERC) approval assessments, LNG regasification and storage, floating LNG production and LNG pipeline and peak shaving projects. Future plans include the expansion of current offshore dynamic positioning and failure mode effect analysis services.

British shipbroking group Seascope Shipping Holdings Plc plans to diversify further beyond its core business despite expecting better shipping markets this year. The company wants to keep broadening its income base, managing director Duncan Hill said, despite forecasting improved shipping earnings in 2000. On Thursday the company reported pre-tax profits of 2 million pounds for 1999, down from 3.2 million in 1998, after OPEC oil cuts hit tanker and offshore markets last year. "I would be hugely disappointed if we are not able to announce another significant acquisition which further diversifies our income base this year," Hill said. Hill declined to give details, but signaled that the acquisition would not be related to online broking ventures being set up by some other brokers.