2023 Outlook: The Offshore Service Vessel Market
The market for offshore support vessels has been through a rather rough few years since offshore exploration and production activity took a nose-dive in 2015 following the oil price crash the year before.The newbuild order boom that came with the ever-greener pastures imagined in the industry ensured that not only was the supply- and demand balance off by an insurmountable degree in the years that followed, but at its peak, in 2017, the oversupply of anchor handling tug supply…
Asia-Pac Offshore Wind Capacity to Rise 20-fold in a Decade: Wood Mackenzie
Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027, said new research from global natural resources consultancy Wood Mackenzie. Future offshore wind prices will be competitive with traditional thermal prices, it said.Leading the charge is China, which is expected to see offshore wind capacity grow from 2 GW last year to 31 GW in the next decade.Next is Taiwan which will account for 20% or 8.7 GW of offshore wind capacity by 2027, making it the largest offshore wind market in Asia-Pacific excluding China (APeC) by 2020."Taiwan presents the biggest offshore market in APeC due to a relatively stable regulatory regime…
JSMEA Offers Access to Japan’s Offshore Suppliers
The Japan Ship Machinery and Equipment Association (JSMEA) has compiled a list of Japanese-made ship machinery and equipment products for offshore units, publishing this information on a dedicated website and corresponding print brochure. The website and brochure offer access to information on a variety of products and companies spanning the Japanese offshore supply chain, from machinery and equipment manufacturers to maintenance and service providers. JSMEA noted that a growing number of offshore users worldwide have relied on Japanese makers and products…
JSMEA Offers Access to Japan’s Offshore Suppliers
The Japan Ship Machinery and Equipment Association (JSMEA) has compiled a list of Japanese-made ship machinery and equipment products for offshore units, publishing this information on a dedicated website and corresponding print brochure. The website and brochure offer access to information on a variety of products and companies spanning the Japanese offshore supply chain, from machinery and equipment manufacturers to maintenance and service providers. JSMEA noted that a growing number of offshore users worldwide have relied on Japanese makers and products…
Floating Production Systems: A Big Opportunity for Shipyards
Since the beginning of this year, orders have been placed for 17 floating production systems. The combined value of the fabrication contracts exceeds $16 billion. By year end there will likely be another five to eight contracts awarded and the overall contract value for the year will exceed $20 billion. Stated in terms of conventional ships, fabrication of floating production systems in 2013 will equate to orders for 220 VLCCs, 360 Suezmax tankers or 800 Panamax bulk carriers. In other words, it is a big market. Yet relatively few shipbuilders are active in this sector.
Strachans Launches Alternative to Refrigerated Containers
Strachans, a specialist distributor of food and chandlery supplies to the offshore and marine industry, announced the pilot of a new container capable of maintaining product integrity for up to four days. The Strachans icebox uses a eutectic system, whereby eutectic beams full of gel are connected to a power supply that charges them down to temperatures far lower than the product prior to leaving the ship supplier’s warehouse. The eutectic beams release their energy over a long period of time in turn maintaining the integrity of the product. Twelve units have been in and performed without incident in the North Sea since October 2012.
