Marine · Offshore · Industry

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Partnership agreement between SRC and Skipavika
20th April 2022

Stavanger, Norway, 20th of April 2022

SRC Nordic AS and Skipavika Terminal AS have established a partnership to provide their customers with of safer and more sustainable operations. The collaboration benefits both parties. SRC takes a significant step forward in promoting its services in the Northern Sea region. With a broader service portfolio, the agreement makes Skipavika Terminal more attractive to operators looking for support for offshore rigs to prepare them for new assignments.

The scope of the agreement involves SRC's services in the marine and offshore sectors covering different assets - 3D scanning. - Design and Engineering. - Technical refits (structural, systems, equipment installation). - Electrical and automation. - Interior refits. - Structural repairs using SPS (Sandwich Plate System) technology. - Maintenance of well control equipment. - Supply and integration of remote-controlled FLS (Fairlead Locking System)

"This partnership is an important milestone in the service and value proposition development for both companies, enabling us to offer our customers a wider range of services in the North Sea area of Skipavika. The offshore industry is picking up, and more services and refits are needed to support our customers' operations. " Says Hannes Lilp, CEO of SRC Group.

“Skipavika is in a busy area in the Mongstad harbor pool near Florø and Bergen, where it provides service, maintenance, and storage for offshore rigs and vessels. The land area is 400 acres with 3.0 kilometers of shoreline with 10 ultra deep water quays. Additionally, storage, accommodation, office facilities, and covered fabrication areas are provided. Skipavika's facilities consist of a wide range of logistics equipment, shore-power etc. Rock pads for jack-up rigs, and strong mooring points. 24/7 working hours” Says Lars Hellandsjø, CEO of Skipavika Group.

SRC is specialized in EPCI solutions to any vessel type in any location in the world and is well-placed with the knowledge and capability to lead and execute complex, multidisciplinary projects with tight schedules which require tailored solutions. From engineering to final installation, SRC has completed more than 5000 projects across the world and managed up to 1000 people per project. Offices in Estonia, Italy, Norway, Poland, the US, and the Netherlands.
SRC Nordic AS, part of the SRC Group AS, was established in 2013 when the company mainly focused on sales and business development activities.

If you would like more information about this topic, please contact Stian Våge (stian@srcnordic.no).
Alternative fuels, Hydrogen
14th April 2022

Hydrogen has gained much spotlight as alternative energy fuel in recent years. The marine industry is also now seriously considering Hydrogen as a viable option. There are several ongoing studies to study the viability of Hydrogen as a possible fuel. This post will look at Hydrogen and give you some key facts. 

Hydrogen is a colorless, odorless, and non-toxic gas. There are three ways in which ships can use hydrogen for marine applications:
  1. Cryogenic Liquid: The volumetric density of liquefied H2 (LH2) (71 kg/m3) is only 7% that of HFO. This results in approximately five times the volume compared to the same energy stored in the form of HFO, resulting in more volume and transport cost.
  2. Compressed gas under high pressure: When stored as a compressed gas, its volume is roughly ten to 15 times (depending on the pressure [700 to 300 bar]) the volume of the same amount of energy when stored as HFO.
  3. Hydrogen can also be stored within solids (a phenomenon called absorption) or on the surfaces of solids (adsorption). Both of these methods are not so commonly utilized in marine applications. 

Hydrogen is the lightest of all elements, around 14 times lighter than air. Due to its density, it leaks very quickly and thus requires special attention in handling and logistics.

Despite its difficulties in handling, Hydrogen is a widely used chemical commodity. It can be currently produced in two ways:
  1. Using Natural Gas: note that CO2 is a byproduct of this extraction process. If carbon capture is part of the process, it can significantly reduce carbon emissions. 
  2. Using electrolysis: this relates the cost to the generation of electricity. Electrolysis is particularly interesting because it does not require any existing infrastructure except electricity generation. In particular, if the electricity is produced through nuclear and renewable energy, then carbon emissions can be extremely low if not net zero.

But what technologies can be utilized to generate energy from Hydrogen without carbon emissions and any compromise on efficiency?

Fuel cells seem to be the most popular method, mainly because it doesn’t produce any carbon and could even eliminate NOx, SOx, and particulate matter (PM) emissions from ships. Other technologies are also being considered, including gas turbines and internal combustion engines. The important thing to note is that the lifetime of fuel cells is shorter than that of piston engines or turbines and depends on fuel quality and system operation management. In addition, while carbon emissions are still lower when compared with traditional fuels such as HFO, NOx is unavoidable when using internal combustion engines.

Conventional energy converters for Hydrogen like Internal Combustion Engines will have similar capital expenditures as LNG fuelled engines. But the real kicker comes when considering the cost of storage of Liquid Hydrogen due to its lower storage temperature and higher insulation quality. 
The price for H2 in the current market varies significantly because Hydrogen is still a part of the industrial gases market where individual contracts apply. Although one promising aspect to look forward to is when renewable energy production ramps up, then it can be used to produce Hydrogen, reducing the costs significantly


Hydrogen as an alternative fuel is still a promising option despite its complexity in handling and lack of significant infrastructure. 

*The numerical data is taken from DNV, Alternative FuelEncyclopedia. 




Rotterdam office opening ceremony performed by Andres Sutt, the Minister of Entrepreneurship and Information Technology of Estonia
6th April 2022

On the 4th of April, the Estonian Ambassador to The Netherlands, His Excellency Ambassador Lauri Kuusing, and SRC Netherlands BV hosted a grand opening event for SRC's expansion to the Port of Rotterdam. The opening ceremony was performed by Andres Sutt, the Minister of Entrepreneurship, and Information Technology of Estonia.

The new office is located at the corner of the entrance to Waalhaven. SRC will have direct access to a large quayside which is located adjacent to the new office facility with a berthing capacity of 45 m width and 10.5 m draught. Lifting services along the quayside are provided by four cranes with a lifting capacity of up to 100 tons. Additionally, storage facilities and covered fabrication areas are provided. Complementary logistic services can be provided by SRC’s onsite partner Broekman Logistics.

The relocation to Europe's No. 1 shipping hub is a big step in the value proposition for our customers, with almost no limitations on the characteristics of ships that SRC can accommodate. With that move, SRC is stepping into the bigger maritime business playground and continues to secure future growth. 

Specialized in EPCI solutions to any vessel type in any location in the world and well-placed with knowledge and capability to lead and execute complex, multidisciplinary projects with tight schedules which require tailored solutions. From engineering to final installation – SRC has completed more than 5000 projects across the world and managed up to 1000 people per project. Offices in Estonia, Italy, Norway, Poland, the US, and the Netherlands.

In 2017, SRC Netherlands BV, part of the SRC Group AS was established in Dordrecht from where the company mainly focused on sales and business development activities.

If you would like more information about this topic, please call Arthur de Boer (+31651759267) or Peter Cortie (+31630169336) at SRC Netherlands B.V.