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Market Research

USCG Researches New Offshore Patrol Cutter

The U.S. Coast Guard is continuing to conduct market research for the Offshore Patrol Cutter acquisition. The Coast Guard invites U. S. shipyards to participate in one on one meetings with the OPC Project (FAR 15.201(c)(4)). At this time, the Coast Guard is interested in meeting with U.S. shipyards that have the organic capability to construct a cutter of the OPC’s size and complexity. These meetings will be held in Washington, DC, and are tentatively planned to begin in mid-August. The Coast Guard will review various acquisition strategies under consideration for ship construction and review OPC top level requirements. U.S. Shipyards that previously participated in the May 2009 one-on-one meetings with the Coast Guard do not need to respond and will be automatically invited. Other U.S. shipyards that meet our criteria should indicate their interest and primary contact point by email to the Contracting Officer, Mr. Carl. McGill, at prior to August 1, 2010.

Intercontinental Oil Trade Likely to Increase Says New Report

New market research report on the oil tanker market 2012 – 2022 available from 'Reportlinker' Information contained is as follows: Global oil trade is very much dependent on oil tankers for the transportation of crude oil as well as refined petroleum products. In the last quarter of 2011 oil demand fell for the first time since 2008/2009. With a stronger outlook for the global economy over the forecast period, Visiongain expects oil demand growth will increase.  

New GL Garrad Hassan Representative in India

GL Garrad Hassan has appointed Mr Rajsekhar Budhavarapu as the new Country Manager of GL Garrad Hassan India. Mr Budhavarapu will be based in Bangalore, India and will develop local services and support for designers, manufacturers, developers and investors of renewable energy projects. Budhavarapu has 19 years of experience providing technical, operational and strategic leadership for the renewable energy industry. Before joining GL Garrad Hassan he worked for TERI

Dry Bulk Carrier Segment Revival Seen by Analyst

Frontispiece of report: Image courtesy of Newport Shipping

Freight rates are set to rise across all dry bulk carrier segments as the global economic recovery gains momentum, ending the sector’s most bearish run since the start of the economic crisis in 2008/2009, according to Newport Shipping’s 'Dry Bulk Market Outlook 2014 Q2'. Seaborne trade in bulk commodities is expected to pick up after almost two years of slow to moderate economic growth to almost 9% this year

Thrustmaster Announces Personnel Additions

Thrustmaster of Texas, Inc., one of the world’s leading manufacturers of marine propulsion systems, announces new personnel additions. Jeff Miller, who joins the company as marketing manager, has over 25 years in marketing communications, including 15 in the oil and gas, manufacturing, and offshore sectors. Miller will be responsible for market research, advertising, public relations, and all other marketing-related activities for Thrustmaster

Baltic Index Continues Slide as Rates Drop

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued its slide on Monday, hitting a new near-three decade low as rates for all four vessel segments fell.   The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, was down 18 points, or 2.96 percent, at 590 points, the lowest since August 1986.  

Dun & Bradstreet Take Christy on Board

Cindy Christy

  Dun & Bradstreet nnounced today the appointment of Cindy Christy, president and chief operating officer of Asurion Corporation, to the company's Board of Directors, effective immediately. In this role, Christy will share her broad experience and functional expertise with management in the areas of product development, operations, compliance, market research, management, strategy, and sales. "Cindy is a highly accomplished leader who excels in product strategy and

First UEC50LSH-Eco Marine Diesel Engine Ordered

Photo: MHI

The first order for UEC50LSH-Eco low-speed marine diesel engine being developed by Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), a group company of Mitsubishi Heavy Industries, Ltd., was placed with Kobe Diesel Co., Ltd., a licensee of Mitsubishi UE engine technology located in Hyogo, Japan. The advanced low-fuel-consumption engine will ensure high efficiency even during slow steaming, and will be installed on a 35k chemical tanker being built by Shin Kurushima

Qatar Gets 3 Korean Shipbuilders $7b Jackpot

Qatar is becoming a goldmine for Korean shipbuilders as the top three companies won orders for liquefied natural gas (LNG) tankers worth $7 billion. Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries have won combined orders of 34 LNG tankers since 2004. The shipbuilders are hoping to share another 10 orders, when they are commissioned next month. The LNG carriers are high-yield orders

New Moorings to Add 54.5 Flagship

As part of a $21m capital investment in fleet additions through next year, The Moorings recently announced plans to add a new flagship, the five-cabin Moorings 54.5, to its extensive range of luxury charter yachts. Available in 2010, the all-new 54.5 will be the fleet's largest monohull, representing an ongoing trend at The Moorings towards larger, roomier yachts. Lex Raas, President & CEO of The Moorings commented

Report Reveals Missing Value Link Offshore

23092 Next_Level_Report_HR.JPG

A recent survey conducted by Trelleborg’s offshore operation paints a positive industry outlook with decision makers taking a long term ‘value-add’ view. Original equipment manufacturers (OEMs) rated product quality, responsiveness and skills above cost as the most important

Sanction Free Iran to Accrue Strong Investment

After 10 years of diplomatic negotiation, the UN P5+1 countries (the U.S., the U.K., France, China, Russia and Germany) reached an agreement to unwind economic sanctions on Iran in return for significant international control and surveillance over its nuclear activities

The Submarine Electricity Transmission Market Is Expected to Reach $25 Billion in 2024

Image: International Electrotechnical Commission

 According to a new report from Navigant Research, the global submarine electricity transmission market is expected to grow from $16.8 billion in 2015 to $24.8 billion in 2024.   “Over the past several years, two market drivers have emerged as dominant forces shaping this market:

Collaboration Enhances Oil Spill Research

Oil from Deepwater Horizon spill washes ashore Louisiana’s coast in June 2010. (Photo courtesy of Governor Jindal’s office)

New partnership allows USF-led research team to better study oil spills; group will gain valuable access to cutting-edge technologies to aid in analyzing long-term impacts   The University of South Florida’s (USF) College of Marine Science announced a new partnership with Agilent

Damen Coordinating European Innovation Project LeanShips

Svitzer - RSD 2513 - Artist Impression

  The European Innovation Project LeanShips – Low Energy And Near To Zero Emissions Ships – will demonstrate the effectiveness and reliability of energy saving and emission reduction technologies at real scale. LeanShips is one of the first projects funded under the new European

DP World Extends Title Sponsorship Until 2020

Courtesy  DP World.

  Dubai is set to remain at the epicenter of golf on The European Tour for the foreseeable future after global port operator DP World announced today that it will continue to be the title sponsor of the DP World Tour Championship, the season ending tournament of The Race to Dubai

ARENA opens $20 m R&D round for industry-partnered projects

ARENA CEO  Ivor Frischknecht

  The Australian Renewable Energy Agency (ARENA) today announced up to $20 million for a new research and development (R&D) round dedicated to industry-partnered projects that seek to develop and commercialise renewable energy technologies.

Refineries Revolution Spurs Product Supertankers

The rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable. In the early 1970s, ships capable of carrying 2 million barrels of crude oil

Vessels for the Future – New R&D Initiative

Dr. Pierre Sames

Looking ahead to 2020 and beyond, both maritime and inland waterways will be under ever increasing pressure, as we use them for transport, recreation and commercially. At European Shipping week, Dr Pierre C. Sames, Chairman of the European Research Association and Director of Maritime

Marine Lubricants Market to Reach US$9.36 Billion by 2018

Pic: Exxon Mobil Marine Fuels and Lubricants

 Marine lubricants market's revenue is set to grow at a CAGR of 6.13% during the forecast period, eventually reaching a value of US$9.36 billion by the end of 2018.    With regard to volume, the market totaled 2,272.6 kilo tons in 2011 and is expected to rise to 2,852

MHI Consolidates 5 In-house R&D Facilities

Mitsubishi Heavy Industries, Ltd. (MHI) will reorganize its research and development structure.   The reorganization initiative calls for the creation of a new Research & Development Center consolidating the five currently existing Research & Development Centers

TNO, Imtech to Partner on Research and Development

The contract signing in Rotterdam by Henk Geveke (left), TNO’s General Director of Defence & Security and André Meijer, Imtech Marine’s Managing Director (Photo: Imtech Marine)

TNO and Imtech Marine have signed an agreement expressing intent to work together on research and development projects. The signing took place on January 21 at Imtech Marine in Rotterdam.   TNO and Imtech have joined forces many times over the years and see possibilities to further

US Revises Cuba Sanctions Regulations

The U.S. Treasury Department, Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce Bureau of Industry and Security (BIS) has publish revised Cuba sanctions regulations opening trade with Cuba for the first time in decades

Panama Canal Inks Deal with Lake Charles Port

Agreement aims to capitalize on the advantages the Canal Expansion will offer, attracting new customers from the LNG industry

  The Panama Canal Authority (ACP) signed a cooperation agreement with the Port of Lake Charles in Louisiana earlier this week, which aims to attract new customers from the liquefied natural gas (LNG) industry; a strategy that builds upon the advantages that the expanded Canal will offer

ACP Signs Pact with Lake Charles Port

The signing of the ACP / Port of Lake Charles cooperation agreement(image: courtesy ACP)

Agreement meant to capitalize Canal expansion while attracting new LNG customers.   The Panama Canal Authority (ACP) signed a cooperation agreement with the Port of Lake Charles in Louisiana earlier this week, which aims to attract new customers from the liquefied natural gas (LNG)

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