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Dec. 27, 2021

SBM Offshore, market leader in the supply of Floating Energy Production systems, tapped the expertise of FLOATSYS LLC for adopting the inventory of Hazardous Material (IHM) policies and practices applicable to vessels entering EU ports into its offshore FPSO operations. This is part of a broader sustainability initiative by SBM Offshore to ensure adherence to the International Convention for the Safe and Environmentally Sound Recycling of Ships (the ‘Hong Kong Convention’) and applies the principles of the EU Ship Recycling Regulation 1257/2013 or equivalent.


FLOATSYS’s scope of work included

(i) Reviewing the current processes to identify opportunities during the EPC project phase for newbuild FPSOs, converted FPSOs, structural or equipment changes made during the life of the facilities. 

(ii) Preparing a Code of Practice for IHM compliance during operations. 

(iii) Developing a standard specification for ordering IHM compliance survey for FPSOs; and

(iv) Developing specifications for IHM software that will support continuous control of the IHM for the FPSO facilities and provide a dashboard. The IHM compliance program developed by SBM Offshore provides procedures for maintaining control of the inventory of Hazardous Materials throughout the lifecycle of SBM facilities from design to recycling.


On completion of the Project CEO of FLOATSYS Bijimon Punnoose said “We are proud to be able to support the world leader in FPSOs in their strive for environmental excellence. We are pleased to complete this project to SBM Offshore’s satisfaction”