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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.  

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

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

Ace Targets Inland Waterways

Overhead crane and hoist manufacturer Ace World Companies has made its first appearance at the Inland Marine Expo, which took place for the third time this May at America’s Center Convention Complex in St. Louis, Missouri, on the banks of the Mississippi River.   The expo is the annual trade show for the inland and intracoastal marine transportation industry, which is a target market for the manufacturer and its recently acquired business, Pullift Corporation

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

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

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

Canada Backs Corvus Energy ESS Development

Corvus Energy Inc. said it has been awarded funding from the National Research Council of Canada's Industrial Research Assistance Program for the development and expansion of the company's next generation Orca energy storage system (ESS) product line.  

Global Submarine Battery Market Growth at 5.28%

Photo: SEC

 The global submarine battery market to grow at a CAGR of 5.28% during the period 2016-2020, says Global Submarine Battery Market 2016-2020 report by Research and Markets.   Global Submarine Battery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs

Webinar to Address the Future of Renewable Lubricants

Hear from industry experts as they shed light on the short- and long-term future of renewable lubricants – from innovation to regulation.   Fresh off the launch of its latest environmentally acceptable lubricant (EAL), FUTERRA – the first and only commercially available

Webinar to Address the Future of Renewable Lubricants

Hear from industry experts as they shed light on the short- and long-term future of renewable lubricants – from innovation to regulation. Fresh off the launch of its latest environmentally acceptable lubricant (EAL), FUTERRA – the first and only commercially available hydrocarbon

KVH Dominates Global Maritime VSAT Market

Photo KVH Norwary

KVH Industries, Inc., (Nasdaq: KVHI), announced that as of the end of 2015, it had shipped more than 6,000 TracPhone® satellite communications antenna systems for the mini-VSAT Broadbandsm network. This milestone reaffirms the company’s top market share position in the maritime VSAT

Cyberhawk Sinks Claws into US O&G Market

Courtesy Cyberhawk

Cyberhawk Innovations, the world leader in aerial inspection and survey using Unmanned Aerial Vehicles (UAV), is set to boost its international credentials with the launch of a Houston office in the USA.   The new office comes as a result of increasing demand from existing oil and gas

GC Rieber Charter Agreement with Reach Subsea

Polar King. Photo: GC Rieber Shipping ASA

GC Rieber Shipping ASA has entered into a time charter agreement with Reach Subsea for the CSV Polar King to support Norwegian University for Science and Technology’s (NTNU) scientific operation under the MarMine Project in the mid-Atlantic ridge.   

ABB Azipods Selected for First Chinese-built Icebreaker

Image: ABB

ABB’s Azipod propulsion chosen to power polar science research vessel for debut into Chinese icebreaker market   ABB’s Azipod propulsion system will power a Chinese polar science research icebreaker, the first vessel of its type to be built in China

AEGIR Participates in Stern Tube Seal Research

AEGIR-Marine, working together with two Dutch technical universities, has launched two substantial research programs in the field of stern tube seals.    “Market and environmental requirements have changed and will keep changing,” said Ruud Muis

Orca ESS Retrofit for Norwegian Research Vessel

Image: Corvus Energy

Corvus Energy’s next generation Orca ESS has been selected by Halvorsen for the retrofit of the fisheries and environmental research vessel MS Johan Hjort.   Halvorsen Power System AS has selected Corvus Energy as the supplier of the lithium ion based energy storage system (ESS) for a

IOMAXIS Awarded $245 Mln Contract to Support NRL

 Contract will allow IOMAXIS to provide research, development and technical support to initiatives at the Naval Research Lab   IOMAXIS, provider of technologies and mission-focused solutions for the intelligence, defense and civilian government markets

Metal Shark tapped to build new NYC Ferries

(Photo: Metal Shark)

Metal Shark was selected by HNY Ferry Fleet, LLC (a Hornblower company), operator of New York City’s Citywide Ferry Service, to build 26-m149-passenger aluminum high-speed ferries.   Metal Shark will produce a series of ferries at its Franklin, Louisiana shipyard

New Innovative CNG-Electric Hybrid Ferry Texelstroom

The M/S Texelstroom is more energy efficient, cleaner and more sustainable than her predecessors. CNG-electric hybrid ferry Texelstroom features some of the latest technological developments and innovation, such as a T-shaped beam which ensures a 14 percent car capacity improvement and a

Asia Pushes LNG as a Bunker Fuel

Image: Chevron

 An increasing number of ships and vessels are using liquefied natural gas or LNG as a clean fuel to comply with the regulations laid by the International Maritime Organization (IMO) across emission control areas.    LNG as a ship fuel reduces the emission of sulphur dioxide by

Damen Presents Decommissioning Vessels Concept

Damen Decommissioning Courtesy Damen

Damen Shipyards Group has announced its latest concept design: the Damen Decommissioning Series. The vessel will specialize in three core areas of the oil and gas decommissioning sector: topside decommissioning offshore platform removal, and subsea cleaning and removal

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