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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Bureau Veritas    BVI   FR0006174348

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Bureau Veritas : joins the RECOMMS* drones project developing capability for the survey and inspection of steel structures in enclosed spaces

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10/03/2017 | 12:00pm CET

The potential for drones to be used for inspections is not new but to date trials have not focused on specific survey requirements for ship structures in enclosed spaces - the RECOMMS project will do just that.

*RECOMMS: Remote Evaluation of Coatings / Corrosion on Offshore Machinery and Marine Structures / Ships

Neuilly-sur-Seine, France, September 25, 2017 - Bureau Veritas has joined RECOMMS, a joint investment project (JIP), to develop drones with the capability to inspect steel structures in enclosed spaces. The JIP's primary objectives are to develop a steady, stable and reliable drone capable of following programmable flight paths, either pre-determined by 3D imagery software or flown by a pilot, using 3D simulator ship specific training programmes developed in unison with the drone design. This will lead to the development of a complete and marketable inspection drone when delivered with the required software package.

Key investment partners for the confined space ambitions include Akzo Nobel, Barrier Group, Bureau Veritas, Drone Ops, Hempel Paints A/S, Marine Technical Limits and a major oil company. Safinah Ltd, coating specialists and consultants, are the RECOMM project managers.

In the first phase of development the drone will be designed to carry an unobstructed HD camera as well as lighting and batteries with suitable strength, durability and longevity to perform structural and coating inspections within a ballast tank whilst providing reliable clear images fit for comparison with close up inspection.

Courtesy Marine Technical Limits

RECOMMS drone pilot training - navigating a wing ballast tank hopper compartment.

Jean-François Segretain, Technical Director, Bureau Veritas, Marine & Offshore said: 'The end goal is to be able to survey cargo spaces, ballast tanks and confined spaces remotely and effectively. If we can do this with drones we can help reduce risks to our surveyors and ship crews by minimising the need, for example, to erect expensive staging whilst covering the survey scope which would otherwise require surveyors to work at height or perform tank inspections by means of rafting.'

It is estimated that eliminating the need for staging erected for class renewal surveys could save in the region of USD 90,000 for a VLCC or USD 40,500 for a capesize bulk carrier (based on dry-docking costs in China for ships of ten years and older).

Jean-François Segretain: 'While a lot of work has been done with drones nothing yet released has led to drones meeting specific requirements for marine classification close up surveys. This project addresses the specific needs of our survey requirements and other inspections.'

As a secondary goal, the project will also address the potential for inspection of open space marine structures such as offshore wind turbine blades. Once tank inspection objectives have been met, the drone will be designed with a payload carrying capacity capable of further developing the attachment of sensoring equipment with the end goal of performing paint and coating application analysis as well as steel thickness measurement. Paint coating and plate thickness gauging equipment manufacturers are already involved with others being encouraged to join the project, in order to develop specialized sensoring equipment suitable for the drone.

Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 69,000 employees in around 1,400 offices and laboratories located all across the globe. Bureau Veritas helps its clients to improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility. Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.

Compartment A, ISIN code FR 0006174348, stock symbol: BVI.

Bureau Veritas SA published this content on 03 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 October 2017 09:59:02 UTC.

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Financials (€)
Sales 2017 4 682 M
EBIT 2017 704 M
Net income 2017 332 M
Debt 2017 2 040 M
Yield 2017 2,60%
P/E ratio 2017 28,74
P/E ratio 2018 24,98
EV / Sales 2017 2,47x
EV / Sales 2018 2,45x
Capitalization 9 518 M
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Bureau Veritas Technical Analysis Chart | BVI | FR0006174348 | 4-Traders
Technical analysis trends BUREAU VERITAS
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Income Statement Evolution
Mean consensus HOLD
Number of Analysts 17
Average target price 21,9 €
Spread / Average Target 1,6%
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