Frost Sullivan News

In its latest analysis of the marine coatings sector, UK-headquartered market analyst Frost & Sullivan’s has shown that increased development and adoption of more environmentally sustainable and durable antifouling coatings using higher priced chemistries is a fast-growing trend in the marine sector. In addition, Frost & Sullivan’s report, ‘Global Marine Coatings Market, Forecast to 2025’, says that the Asia-Pacific region is expected to dominate the market owing to its large…

Global marine coatings market to grow at a steady rate of 3.5% from 2018 to 2025 and reach $9.34 billion by 2025, said Frost & Sullivan.The Asia-Pacific region is expected to dominate the market owing to its large base of shipbuilding and dry-docking facilities, it added.The analysis reveals that the increased development and adoption of more environmentally sustainable and durable antifouling coatings using higher priced chemistries such as silicones and fluorosilicones will propel revenues and boost growth opportunities.“Most of the presently used antifouling coatings for marine applications contain biocides to mitigate the effects of bio-fouling over underwater components.

I-Tech AB has been recognized as the technology innovation leader in the European marine biocides market, resulting in the company receiving the 2017 Technology Innovation Award from Frost & Sullivan. Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. Based on its recent analysis of the European biocides market, Frost & Sullivan found that the long-term environmental and economic benefits of using I-Tech’s unique bio-repellent antifouling ingredient…

Specifying for ballast water treatment systems can be a difficult process. Ian Hamilton, sales manager for marine electrical wiring control and instrumentation specialists CMR Group, offers guidance. Ballast water, which is used to maintain balance and stability when a ship is empty of cargo, has been identified as a key factor responsible for bringing invasive species of microorganisms into non-indigenous environments, causing a major threat to marine ecosystems. All ships in…

Frost & Sullivan today launched its latest research, Mega Trends Malaysia in collaboration with the Malaysian Investment Development Authority (MIDA). Mega Trends are defined as transformative, global forces that define the future world with their far reaching impact on business, societies, economies, cultures and personal lives. According to Hazmi Yusof, Malaysia Country Head and Senior Vice President of Frost & Sullivan, “We want to help our clients use Mega Trends as a framework to think about how to innovate and drive their business. Mega Trends have diverse meanings and impacts for different industries, companies, and individuals. “We are delighted to partner with MIDA to launch the Malaysian Edition of Frost & Sullivan’s Mega Trends report.

Specifying for ballast water treatment systems can be a difficult process. Ian Hamilton, sales manager for marine electrical wiring control and instrumentation specialists CMR Group, offers guidance. Ballast water, which is used to maintain balance and stability when a ship is empty of cargo, has been identified as a key factor responsible for bringing invasive species of microorganisms into non-indigenous environments, causing a major threat to marine ecosystems. All ships in…

U.S. Ten years on, there’s little certain about ballast water management regulations that the industry can chart a course around other than that it will be expensive – possibly the most costly marine retrofit to date. With install estimates running from $500,000 to as much as $5 million per vessel, across some 68,000 commercial ships estimated by the IMO to transfer 7 billion tons of  ballast water annually – industry players say we could be looking at as much as an $80 billion market. Eventually, that is, because there is not a lot of activity right now.

Global benchmark Brent crude oil closed down nearly a dollar a barrel Friday after a day of choppy trading despite expectations of new investments in the new year, as strong mid-day rallies in crude fizzled. Brent was down 91 cents at $56.42 a barrel. Earlier, it touched a post-2009 low of $55.48, having averaged around $110 a barrel between 2011 and 2013. Front-month U.S. crude for February delivery settled down 58 cents a barrel at $52.69, before a steep 50-cent drop post-settlement. The U.S. dollar index was 0.9 percent stronger on Friday. The combination of the supply glut and the strong dollar has been a "double whammy" for crude oil prices, said Walter Zimmerman, chief technical analyst at United-ICAP. "This is a long-term cyclical downtrend," Zimmerman said.

U.S. crude oil closed at its lowest since July 2009 on Friday as Brent averaged below $70 a barrel in the week for the first time since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood. Both contracts continued to slide as the market grappled with oversupply resulting from the U.S. shale boom and the recent decision by the Organization of the Petroleum Exporting Countries not to cut production. Prices increased from lows earlier in the day after stronger-than-expected U.S. employment data. November nonfarm payrolls rose 321,000, the most since January 2012. Still, the market remained lackluster and subdued, traders said.

Based on its recent analysis of the Latin American contact center outsourcing services market, Frost & Sullivan recognizes Teleperformance with the 2014 Latin America Frost & Sullivan nearshore Company of the Year Award. By leveraging its unparalleled nearshoring expertise acquired through more than 70 million hours of service to United States (US) clients for over a decade, adopting a multichannel strategy, and maintaining a robust technology portfolio, the company has stayed on a  promising path of growth, leadership and innovation. "Teleperformance's nearshore team that is composed of educated, ethical, service-oriented, bicultural and bilingual agents…

Frost & Sullivan held its inaugural New Zealand Excellence Awards on 28 August 2014 at Villa Maria, presenting a total of 18 awards to companies across the industries of Food, Energy and Power, Healthcare and Information Communication Technologies. The New Zealand Excellence Awards will be an annual event to honour companies that have demonstrated outstanding achievement and superior performance in their respective market segments. “We are very proud to host the annual awards in New Zealand to celebrate the achievements of New Zealand companies. Frost & Sullivan’s awards play an important role recognising those who are driving innovation and achieving best practices across various industries in the New Zealand market.

Held on 23 August 2014, Frost & Sullivan Singapore’s 9th edition of the ‘Frost the Trail’ run saw 165 teams, 95 individuals and over 750 runners gather at the MacRitchie Reservoir Park to run in support of the underprivileged. ‘Frost the Trail’ saw both avid and novice runners hitting the winding trails of MacRitchie in the cool morning air amidst lush greenery. Runners participated in one of two categories – the 5 km team race as well as the 10 km individual race. In total, Frost the Trail Singapore 2014 helped raised more than SGD140k, with 100% of proceeds going directly to this year’s adopted charity, Bright Hill Evergreen Home. Bright Hill Evergreen Home is a 250 bed, accredited, 100 per cent non-profit Nursing Home for the destitute and poor.

The global ballast water treatment systems market is estimated to grow at a compound annual growth rate of 21 percent from 2012 until 2019. The retrofit market is expected to account for a substantial share of the global market during its peak installation period in 2018. Bulk carriers as well as oil and chemical tankers will be key end users, generating cumulative revenues over the forecast period. Europe will dominate market revenues from 2017 to 2019 while Asia-Pacific will display consistent performance throughout the study period. On this subject Frost & Sullivan is organizing an online conference open to all companies interested in learning more about future trends and challenges facing the global ballast water treatment systems market.

Specialist freight transport insurance provider TT Club said it is reinforcing its presence in Dubai with a move which aims to support the Club’s existing claims team in the UAE and underlines the insurer’s commitment to what is a dynamic region and provides an additional service level to both Members and brokers in the Middle East. Julien Horn, having already been TT’s underwriter dedicated to the Middle East for some six years now, will relocate to Dubai on secondment to Through Transport Mutual Services (Gulf), the Club’s long established joint venture Network Partner.

The U.S. Patent Office has awarded Siemens Water Technologies a patent for a system and method to control biofouling of filters used as a first stage of treating ballast water in its SeaCURETM Ballast Water Management System. The patent, entitled “Method and System for Biofouling Control of Shipboard Components" (U.S. patent no. 8,591,740 B2), involves injection of biocide into ballast seawater before it reaches the large surface filter intakes to reduce the growth of marine organisms that can clog the filters.

New analysis from Frost & Sullivan: 'Global Military Naval Vessels and SIS Market Assessment', points to the implementation of extensive naval re-armament programmes, particularly in the Middle East, Asia-Pacific and Russia, has been a key growth factor for global military vessels and support in service (SIS) market. The market development has also been supported by the increasing demand for second-hand naval platforms. North America will remain the largest market, while Asia-Pacific – the second biggest warship market – will grow significantly owing to the regional arms race caused by the tension among China and its neighbours and the unstable situation in the Korean Peninsula.

New analysis from Frost & Sullivan 'Electrical Equipment and Solution for Marine and Offshore Markets in Asia-Pacific', finds that the market earned revenues of US$350.0 million in 2012 and estimates this to reach US$467.4 million in 2017. The main end-user segments are marine vessels and offshore structures. The Asia-Pacific market for electrical equipment for marine and offshore solutions has been concentrated in South Korea, Japan and Singapore. While South Korea and Singapore have been the hubs of the offshore structure building industry, Japan and South Korea are leaders in marine vessel manufacturing. "The shipbuilding industry had experienced a slump in demand for ships due to oversupply and financial constraints among shipbuilders…

Based on its recent analysis of the North American protective and marine coatings market, Frost & Sullivan recognized Hempel with the 2013 Growth Excellence Leadership Award. In 2012, Hempel exhibited double-digit revenue growth well in excess of 20% and increased its overall market share in North America to 9.5%. Frost & Sullivan noted that Hempel’s competitors’ revenue growth rates are more closely aligned with the base year total market growth rate of 2.1%. Hempel’s acquisition of Blome International in 2012 complemented its existing product lines, especially for the oil and gas industry.

Unmanned Revolution: USVs Set to Conquer the Seas. According to Frost & Sullivan, replacing manned systems with USV is not a question of if but when. Unmanned surface vessels (USV) still lag far behind their aerial equivalents in terms of technical capabilities, technology and deployment. However, new threats, cost-benefit calculations, operational experiences in the past decade and new technological developments are driving rapid growth in the market. A USV may be used instead of manned vessels not only for defense but also in Homeland Security (HLS), security, and civil applications such as vessel monitoring, law enforcement (drugs, piracy) and enforcement of fishing and environmental laws.

Severn Trent Services receives the 2013 Global Water & Wastewater Disinfection Systems Technology Leadership Award from Frost & Sullivan. The award, which recognizes the company as a pioneer of stable, safe and sustainable electrochlorination products, was presented at the 2013 European Growth Innovation & Leadership Awards Banquet in London, United Kingdom . “Severn Trent Services has established itself as the undisputed technology leader in the field of electrochlorination disinfection through its joint venture, Severn Trent De Nora,” said Frost & Sullivan research analyst, Vandhana Ravi.

Frost & Sullivan announced global AC drives manufacturer Vacon as the recipient of the European Low Voltage (LV) Alternating Current (AC) Electric Drives Product Line Strategy Award for 2012. The accolade recognizes Vacon's achievements in effectively optimizing strategies, processes and performance. "Vacon is one of the leading manufacturers of LV AC electric drives in Europe. The company's expertise has enabled it to produce and market a range of drives which accommodates diverse end-user applications. Vacon has consistently developed products with improved safety features, reliability, efficiency and value-added benefits. VACON 100, VACON 100 X and VACON 20 X have all witnessed wide acceptance from the broad customer base in the European industry.

The need to reduce ship fuel consumption drives demand for marine coatings, says a new analysis. Increasingly stringent environmental regulations are boosting the prospects of high-value, eco-friendly coatings. Innovation has been the only constant, with all companies striving to offer eco-friendly products, according to a new Frost & Sullivan market report. New analysis, 'Strategic Analysis of the Global Market for Marine Coatings', finds that the market earned revenues of $5,030.1 million in 2011 and estimates this to reach $10,216.3 million in 2018. The research covers anti-corrosive, anti-fouling and foul-release coatings. "The need…

The recovery of the ship building industry will stoke demand for marine generator sets in the Asia Pacific, with customers preferring to install multiple units of lower output generator sets in their vessels instead of a single heavy-duty generator set. The Southeast Asian and the North Asian markets are showing huge potential as they are continually involved in the export and import of raw materials. However, with competitively-priced Chinese brands flooding the Asia Pacific market, local participants will be hard pressed to make their presence felt or get a toe-hold. The report says that It is vital for foreign companies to establish a local presence to gain trust and support from their partners and clients, obtain contacts and attract venture capital funding.