Coatings Vessels News

Margins are tight for vessels that operate offshore or in coastal waters. Take the global offshore support vessel (OSV) market for example, it looks set to be yet another challenging year which has concerned senior executives preparing for a sixth year of downturn. Many had hoped that 2019 would be the year that marked a turning point in OSV fortunes, but the uptick hasn’t materialized, and there is renewed anxiety about what could potentially be the worst market since the 1980s.It…

Under the terms of the agreement, Jotun will supply its top of the range Hull Performance Solution, including SeaQuantum X200 antifouling paint and a High Performance Guarantee, to a number of vessels scheduled for drydock in 2012 and 2013. The first vessel to be upgraded will be the 10 000 TEU COSCO Europe scheduled for dry docking September 2012. According to COSCO Container’s Deputy Managing Director, Mr Hou Liping, the agreement is consistent with COSCO Container’s comprehensive commitment to Sustainable Development, part of which involves taking active steps to reduce Green House Gas emissions. Mr. Hou Liping said: “After extensive review we have concluded that hull performance can play a very significant role in further reducing our fuel cost and Green House Gas emissions.