Hamworthy Moss AS Company Profile

Background

Overview

Hamworthy Moss AS, established in 1914 and headquartered in Oslo, Norway, specializes in designing, developing, and manufacturing advanced marine fluid handling systems for ships and offshore oil and gas facilities. The company offers customized solutions for gas handling, pumping, and water systems, catering to the marine and offshore oil and gas sectors. In January 2012, Hamworthy Moss AS was acquired by Wärtsilä, a global leader in innovative technologies and lifecycle solutions for the marine and energy markets.

Mission and Vision

Hamworthy Moss AS is committed to enhancing safety and efficiency in the maritime and offshore industries by providing innovative and reliable fluid handling solutions. The company's vision is to be a leading provider of advanced marine fluid handling systems, contributing to the sustainable development of the marine and offshore sectors.

Industry Significance

With over a century of experience, Hamworthy Moss AS has played a pivotal role in the development of marine fluid handling systems, particularly in gas handling and pumping solutions. The company's expertise is integral to the safe and efficient operation of LNG carriers, chemical tankers, and offshore oil and gas facilities.

Key Strategic Focus

Core Objectives

To deliver innovative and customized fluid handling solutions that meet the evolving needs of the marine and offshore industries.

To maintain a strong commitment to safety, reliability, and environmental sustainability in all product offerings.

Areas of Specialization

Gas Handling Systems: Design and manufacture of inert gas generation systems and nitrogen generators for marine applications.

Pumping Systems: Provision of in-line and long-shaft centrifugal pumps for various marine and offshore applications.

Water Systems: Development of advanced water treatment and management systems for ships and offshore facilities.

Key Technologies Utilized

Membrane Technology: Employed in nitrogen generators to separate gases through selective permeation, producing high-purity nitrogen.

Exhaust Gas Cleaning Systems: Utilized to reduce sulfur emissions from marine engines, aligning with international environmental regulations.

Primary Markets Targeted

Marine Sector: Including LNG carriers, chemical tankers, and general cargo vessels.

Offshore Oil and Gas Industry: Encompassing floating production storage and offloading (FPSO) units, drilling rigs, and offshore platforms.

Financials and Funding

Funding History

Hamworthy Moss AS was acquired by Wärtsilä in January 2012, integrating its operations into Wärtsilä's broader marine engineering portfolio. Prior to the acquisition, the company secured significant contracts, such as an $11 million agreement in 2008 to supply nitrogen generator systems for chemical carriers.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly disclosed.

Notable Investors

Wärtsilä: The Finnish corporation that acquired Hamworthy Moss AS in 2012.

Utilization of Capital

Post-acquisition, capital has been directed towards integrating Hamworthy Moss AS's operations into Wärtsilä's global network, enhancing product development capabilities, and expanding market reach in the marine and offshore sectors.

Pipeline Development

Key Pipeline Candidates

Inert Gas Generation Systems: Advanced systems designed to prevent combustion and explosions in cargo tanks of LNG carriers and chemical tankers.

Nitrogen Generators: High-capacity generators producing nitrogen at 95% purity for inerting applications in chemical carriers.

Stages of Development

Inert Gas Generation Systems: Ongoing development and deployment in various marine applications.

Nitrogen Generators: Successfully delivered to clients, with systems operational on chemical carriers.

Target Conditions

Inert Gas Generation Systems: Designed to create an inert atmosphere in cargo tanks to prevent combustion and explosions.

Nitrogen Generators: Intended for inerting applications in chemical carriers to ensure safe transport of hazardous materials.

Anticipated Milestones

Inert Gas Generation Systems: Continued integration into newbuild vessels and retrofitting projects.

Nitrogen Generators: Expansion of installations across various chemical carrier fleets.

Technological Platform and Innovation

Proprietary Technologies

Membrane-Based Nitrogen Generators: Utilize selective permeation to produce high-purity nitrogen, enhancing safety in chemical transport.

Exhaust Gas Cleaning Systems: Advanced scrubbers designed to reduce sulfur emissions from marine engines, complying with international environmental standards.

Significant Scientific Methods

Membrane Separation Technology: Applied in nitrogen generators to efficiently separate nitrogen from other gases.

Scrubbing Technology: Employed in exhaust gas cleaning systems to remove sulfur compounds from exhaust gases.

Leadership Team

Key Executives

Per Helge Madsen: Managing Director of Hamworthy Moss AS.

Professional Backgrounds

Per Helge Madsen: Extensive experience in the marine and offshore industries, leading Hamworthy Moss AS in delivering advanced fluid handling solutions.

Key Contributions

Overseeing the development and deployment of innovative gas handling and pumping systems.

Expanding the company's presence in the offshore oil and gas sector.

Competitor Profile

Market Insights and Dynamics

The marine fluid handling systems market is characterized by stringent safety and environmental regulations, driving demand for advanced and reliable solutions. The industry is witnessing growth in LNG transportation and offshore oil and gas exploration, presenting opportunities for companies like Hamworthy Moss AS.

Competitor Analysis

Wärtsilä Water Systems Limited: A subsidiary of Wärtsilä, offering similar marine fluid handling solutions.

Svanehøj Danmark A/S: Specializes in cargo pumps and gas systems for the marine industry.

DESMI A/S: Provides pumping solutions for marine and offshore applications.

Strategic Collaborations and Partnerships

Hamworthy Moss AS's integration into Wärtsilä has facilitated access to a broader portfolio of marine technologies and a more extensive global customer base.

Operational Insights

Hamworthy Moss AS differentiates itself through its specialized focus on gas handling and pumping systems, leveraging over a century of expertise to deliver customized solutions that meet the evolving needs of the marine and offshore sectors.

Strategic Opportunities and Future Directions

Strategic Roadmap

Product Innovation: Continuing to develop advanced gas handling and pumping systems that comply with evolving environmental regulations.

Market Expansion: Strengthening presence in emerging markets, particularly in Asia and South America, where demand for LNG transportation and offshore oil and gas exploration is increasing.

Future Business Directions