R&D Funding To Increase 2.9% In 2006

Thursday, January 26, 2006
Industry Weekly reported that in 2006, R&D funding should hit $329 billion, up from $320 billon in 2005, according to Columbus, Ohio-based Battelle-R&D Magazine's annual forecast. Industrial expenditures are expected to reach $211.9 billion in 2006, an increase of 3.5% over the $204.8 expended in 2005. A trend of note is the difference between how much industrial support will increase and how it is distributed between domestic and foreign performers. Major increases in the funding of offshore R&D performance, coupled with the expansion of offshore facilities, will have an impact on the U.S. R&D enterprise. While earlier data showed a favorable "balance of trade" in the funding of R&D -- with foreign company support of R&D performed in U.S.-located facilities outdistancing the amount of R&D funded abroad by U.S. companies -- the gap had been narrowing over the past few years. Recent studies reveal that the total amount of foreign direct investment is shifting heavily toward India and China, and that the R&D component of this investment is increasing as well. In addition, Eastern Europe is expected to be a growing actor in this field. It is expected that pharmaceuticals, automotive and information technology will continue their traditional roles as leaders in funding. A projected shortfall of scientists, engineers and researchers remains an area of concern that is exhibited in trends in the industrial market as well as in the federal government. (Source: www.industryweek.com)

Offshore

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

Cathelco MGPS for Latest Lamprell-built Jack-up

Cathelco will provide a marine growth prevention system (MGPS) for the latest in a series of jack-up drilling rigs to be built by Lamprell, the UAE based  leading provider of fabrication,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0832 sec (12 req/sec)