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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 carl.e.mcgill@uscg.mil 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


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


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


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.  


Global Markets Ripe for US Marine Technologies

Maryanne Burke (Photo: U.S. Commercial Service)

The growing worldwide demand for marine technologies, port construction and shipbuilding is generating new export opportunities for U.S. companies. As more firms look to boost their bottom line by maximizing their reach to the more than 95 percent of world consumers who live outside of the United


Collaboration on Swimming Robots for Subsea Maintenance

Statoil CTO Elisabeth Birkeland Kvalheim (left) and Eelume CEO Kristin Y. Pettersen. Photo Statoil

NTNU spin-off company Eelume collaborates with Kongsberg Maritime and Statoil to develop swimming robots for subsea inspection and light intervention. Kongsberg Maritime and Statoil have signed an agreement with Eelume, a NTNU spin-off company


Aqualis Offshore and CSDC Join Forces

Aqualis Offshore and China Ship Design & Research Center Co., Ltd (CSDC) have signed an agreement to cooperate on engineering projects both in China and internationally.    CSDC, a subsidiary company of China Shipbuilding Industry Corp (CSIC)


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


Bunker Fuel Market Poised 460 million tons by 2020

Image: GAC Bunker Fuel

 Transparency Market Research launched its latest study on the global bunker fuel market, in terms of revenue and volume. The report predicts that the global bunker fuel market is likely to reach an estimated volume of 460 million tons by 2020.   


Wärtsilä Strengthens Its Position in China with New Propulsion Orders

Photo: Wärtsilä

 Two new marine geological research vessels under construction in China will feature a broad scope of Wärtsilä engines and propulsion equipment. Wärtsilä has maintained a leading position in China for supplying propulsion solutions to research vessels.   


Soy Transportation Coalition Tours Panama Canal

Jorge L. Quijano (Photo: Panama Canal Authority)

The Panama Canal Authority (ACP) recently hosted members of the Soy Transportation Coalition (STC) during a visit to tour Canal facilities and participate in briefings with ACP executives earlier this month.   Approximately 80 soybean producers and representatives from 13 soybean producing


Rapp Marine Scores Two Contracts in China

Photo: Rapp Marine

Rapp Marine informs it has been chosen to supply equipment packages for two new oceanographic research vessels for the Guangzhou Marine Geological Survey, GMGS, and Polar Research Institute of China, PRIC.   "The contracts were awarded in a highly competitive market against strong


Offshore Prospects for 2016: Playing the Waiting Game?

Photo: Douglas-Westwood

This year, the offshore oil and gas industry has had to come to terms with the worst downturn for more than a decade. With commodity prices plummeting to an 11-year low in December, market research and consulting firm Douglas-Westwood (DW) reflects on the year gone by and considers the outlook for


64% Gowth for LNG Bunkering Market

Photo: Ramboll Oil and Gas

 Detailed insights and analysis of the global market for LNG bunkering fuel have been included in a new market research report recently published by Transparency Market Research (TMR).   The report includes an analysis of market’s historical statistics to present an overview of


Bright Future for LNG Bunkering - TMR

Image Courtesy TMR

  Transparency Market Research (TMR) have given a detailed insights and analysis of the global market for LNG bunkering fuel in its recently published market research report. On the basis of capacity, the market, which had a valuation of mere 70 kilo tons in 2013


Energy from the Ocean: The Ocean Thermal Energy Converter

A 1MW plant developed by the Korea Research Institute of Ships and Ocean Engineering (KRISO) which will be built for installation off the coast of South Tarawa, Republic of Kiribati, in the South Pacific Ocean.

Despite historic lows in traditional oil and gas energy markets, research and develoment continues in earnest on a number of projects designed to produce green energy. The latest, an Ocean Thermal Energy Converter (OTEC) from KRISO, received Approval in Principle from classification society Bureau


Is Cosco's Orderbook Healthy?

Photo: Cosco

 While Cosco’s orderbook of US$8 billion seems hefty, the shipbuilding contracts are of low value, says a report in SBR. The orderbook may do the company more harm than good.   As at 31 December 2015, Cosco’s order book stood at USD 8 billion with progressive deliveries up


Drew Marine Acquires NAL Research Corporation

Drew Marine, a provider of technical solutions and services for the maritime, defense and aviation industries, announced its acquisition of NAL Research Corporation, a designer and manufacturer of Iridium tracking and communications equipment


Drewry: HMM, Hanjin Mull Merger

Pic: Hanjin Shipping

 A merger between Hyundai Merchant Marine (HMM) and Hanjin Shipping remains a real possibility, says the London-based analyst firmDrewry, who has looked at how such a company will look like.   The  research paper published by Drewry Maritime Equity Research last month concluded






 
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