Northern Marine Group
Northern Marine Group
DIVERSIFIED SERVICES ENSURE FUTURE COMPETITIVENESS
Despite the challenges in the wake of the pandemic, Northern Marine Group managed to continue its restructuring work during 2020. This involved a significant digital transformation in order to prepare for future business opportunities and to optimise the service offering.
Northern Marine Group (NMG), headquartered in Glasgow, provides technical, personnel and administrative services for vessel owners and crews in the Stena Group, and also to external customers in the marine and offshore industry. NMG’s considerable multinational pool of seafarers work onboard different types of vessels, in collaboration with experienced shore-based managerial personnel. NMG’s extensive shore-based infrastructure comprises a wide network of offices, training centres and strategically located marine storage facilities offering global services.
ADJUSTMENT TO THE PANDEMIC
The Travel Management and Training Services business areas were most severely affected by the pandemic, due to the drastic reduction in international travel, while the periodic lockdowns introduced in the UK affected opportunities to provide training. The Group’s future competitiveness was boosted, however, by difficult, but necessary, personnel restructuring measures, and it was possible to execute business activities. “The company generally managed relatively well, thanks to our strategically diversified service offering,” comments Philip Fullerton, MD of NMG. Another challenge arising from the pandemic was crew changes. NMG devoted considerable resources, energy and time to adapting processes in order to ensure that crews could disembark from ships at the designated time. The business travel consultants at NMG played a decisive role in challenging conditions, in terms of guaranteeing safe transport at the right time for both seafarers and business clients. Regular communication between shore-based management and seafarers was vitally important.
THE FIRST LNG TECHNOLOGY LICENSE
The Group’s Jettyless technology facilitates LNG imports, offering energy to new markets without requiring a fixed infrastructure. This includes LNG transfer (ship to shore), regasification, and power generation solutions through Stena’s Jettyless Floating Terminal (JFT), Self-installing Regas Platform (SRP) or the Self-installing Power Plant (SPP). The JFT and SRP technology will be utilized for the first time in a major infrastructure project in southern Vietnam, assisting in the provision of energy to the area. Within the framework of the Jettyless LNG technology, the Group’s Engineering area has created the design for small scale LNG vessels, with focus on sustainable energy supply.
FOCUS ON SAFETY AND SUSTAINABILITY
NMG offers a full range of services within vessel management and marine service solutions, and ensures a continuous global flow via safe vessel operation. The business focuses on safety and sustainability and seeks to optimise the fleet’s performance in order to help its customers achieve their fuel consumption and emissions targets. During the year, NMG successfully switched to virtual safety training programmes. Five out of six safety training programmes for seafarers, with week-long courses, took place virtually. These initiatives received positive feedback from both participants and training officers. In 2020, the Marine Supply area created a Green Product Catalogue with a sustainability focus. ”We also focused on reducing plastic consumption, based on sustainable use both onshore and offshore. We also continued to evaluate cleaner energy solutions, including ammonia, methanol, LNG, batteries and hydrogen,” says Philip Fullterton.
NMG’s future strategy includes organic growth in the vessel handling activity, with larger customers and focus on additional gas and offshore assets. “We can also see a growing market share for our training in the marine area,” says Philip Fullerton.
Northern Marine Group is committed to reduction of environmental impact and enhancement of the fleet’s health and safety performance. The company also uses “Retention Rate” as a key ratio to monitor its ability to retain employees. In 2020, the company continued to maintain ISM, ISO 9001 ISO 14001, ISO 50001 and ISO 27001 certificates and successfully migrated OHSAS 18001 to ISO 45001:2018. Fuel consumption converted to MJ/tonnes nm increased from the previous year, due to the operation of more large vessels that consume more fuel, as well as fewer dockings during the year.
Share of Total income
Capital employed, MSEK