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Global Marine Port and Service Industry to Grow at a CAGR of 4.7%

Photo by Global Energy Holdings Ltd

 According to a new industry report published by Lucintel, the future of the global marine port and service industry looks good, with opportunities in the marine freight transportation industry.    As per a Lucintel study, the global marine port and service industry is forecast to grow at a CAGR of 4.7% from 2015 to 2020. The major drivers of growth for this industry are high growth of the marine freight transportation industry and surging demand of containerized and bulk cargo.    Increasing global exports, rising customer (Shipping companies) demand, and expansion of new regional trade hubs are the additional factors contributing to accelerated growth.   In this industry, container handling services, ship repair and maintenance services, navigation services, supply chain and logistic solution services, and mechanical and electrical engineering services are the operating segments in the global marine port and service industry.    Navigation services are expected to depict above average growth during the forecast period. Lucintel adds that the demand for navigation services is expected to experience the highest growth in the forecast period, supported by an increase in marine freight transportation, which in turn increases the calls of vessels at ports.   


Kanoo to Reveal Latest Developments at Services Show

Kanoo Shipping – an offshore and marine services provider in the Middle East, operating throughout Saudi Arabia, Bahrain, UAE, Oman, Qatar, Yemen, Iraq and Sudan – will be present at the Saudi International Marine Services Show -2013 to demonstrate various services provided by the company including marine operations, shipbuilding, ship and rig repair division, engineering and construction services and sea ports operations.


Tauber Oil Opens West Calcasieu Port Operations

Photo: West Calcasieu Port

Tauber Oil Company of Houston has become the West Calcasieu Port’s newest tenant.    “Tauber Oil is a service-oriented wholesale energy marketing company with a reputation for reliable performance and untarnished character,” said Lynn Hohensee, port director. “The marine vessel operators along the Gulf Intracoastal Waterway and the Calcasieu River Waterway will find they now have a new first class refueling option in Southwest Louisiana.”  


Offshore Services Chooses MarineCFO Software

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MarineCFO Inc., a provider of Marine Software including On-Vessel, Marine Operations, Personnel, Fleet Maintenance and Financial Management Software Solutions to the Marine Transportation Industry, announced that International Offshore Services has chosen to implement the full MarineCFO Enterprise software suite. International Offshore Services, LLC was formed in 2006 by combining International Marine (started in 1996) and International Construction Group


PPL Shipyard Completes Acquisition of Sabine Industries

Further to its announcement dated September 22, 2005, “SembCorp Marine’s PPL Shipyard Acquires Sabine Shipyard in Texas, USA”, SembCorp Marine is pleased to announce that its subsidiary PPL Shipyard has completed the acquisition of a 100 per cent equity interest in Sabine Industries, Inc. (SII) and its subsidiaries Sabine Offshore Services, Inc (SOSI) and Sabine Shipyards, Inc (SSI) and a 25 per cent equity interest in Sabine Vessels, Inc (SVI) for a total consideration of US$6.4 million.


Reid Joins Kvichak

Photo courtesy Kvichak Marine Industries

Carol Reid has joined Kvichak Marine Industries, Inc. as their Marketing Services Manager.  In her position she is responsible for all company related marketing, promotional and advertising functions. Prior to accepting the position she was in sales and marketing at Swiftsure Yachts, a premier full service yacht brokerage in Seattle, Wa.  In addition to a lifelong involvement in boating, Carol brings to Kvichak over eight years of direct experience in the marine industry


Bureau Veritas Diversifies with MatthewsDaniel Acquisition

Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry. Created in Houston, Texas, in 1962, MatthewsDaniel is headquartered in London and has operations in Europe, the Middle East, Asia and the Americas. The company employs more than 150 people and reported revenues of approximately EUR 34M in 2013. MatthewsDaniel primarily provides services for the insurance market


Report: UK Marine Industry has £6.2b Impact

The full economic impact of the U.K. marine industry and spend associated with boating participation was estimated to total £6.2 billion in 2012/13, according to a new report released by the British Marine Federation (BMF). Latest industry trends results also announced by the BMF show encouraging signs of an upward trend for this key contributor to the U.K. economy. The two reports are announced in a week when the U.K


ZF Explores Chinese Offshore Market

ZF Marine Retractable Thruster

Marine Propulsion Systems, a business unit of ZF Friedrichshafen AG, shared at the sidelines of Marintec China 2013 that China continues to be a key focus for the company and shared plans to strengthen its footprint in the market. ZF Marine has been in China since 2006 and currently operates a sales and services office in Shanghai which serves as a competence center for all marine applications in China. With optimism slowly returning to the global offshore market


Litton Integrates Marine Ops In New Company

The consolidation of marine industry assets in the U.S. has taken a rather unique twist, as Litton Industries — with a strategy of becoming the marine industry's full-service leader — announced the formation of a new company, the Litton Ship Systems Full Service Center (LSS FSC). Litton, which for years has been amassing an impressive arsenal of marine equipment builders and suppliers from around the globe, formed LSS FSC to operate as a stand-alone business within the existing Litton Ship


Louisiana OKs Use of Grants for DP Assessments

Aaron Smith (Photo: OSVDPA)

Companies can use IWTP state grants to cover costs of OSVDPA assessments   The Louisiana Workforce Commission (LWC) has approved use of Incumbent Worker Training Program (IWTP) grants to cover the cost of Offshore Service Vessel Dynamic Positioning Authority, Inc


Cox Takes over as Matson Board Chairman

Matthew Cox (Photo: Matson)

Matson, Inc. president and chief executive officer Matthew J. Cox will succeed retiring chairman of the board Walter A. Dods, the company announced today.   The appointment becomes effective at the end of the company's annual shareholders’ meeting today


Wilhelmsen Acquires Drew Marine Technical Solutions

Thomas Wilhelmsen (Photo: Wilhelmsen)

The Wilhelmsen group has signed an agreement to acquire the technical solutions business from Drew Marine.   “This acquisition offers a unique opportunity to enhance the scale and geographic reach of our marine products division,” said Wilhelmsen group CEO, Thomas Wilhelmsen.


Apply Now for the MN100

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The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.


ABS Leads Ballast Water Management Workshop

Photo courtesy of ABS

ABS, a provider of classification and technical services to the marine and offshore industries, hosted a Ballast Water Management (BWM) Workshop for ship owners with BWM systems installed onboard their vessels. The full-day session covered a range of issues, including installation


Becker Marine Systems Eyes Growth in Asia

Photo courtesy of Becker Marine Systems

Becker Marine Systems says it is continuing its successful entry into Asian countries such as China, Japan and South Korea, despite an ongoing crisis in the shipbuilding industry. Now the Hamburg-based company is opening a branch office in Kobe, Japan


MPA Honors ABS

Singapore’s Senior Minister of State for Transport Josephine Teo presented the Offshore & Marine Engineering Award to ABS Regional Vice President Thomas Tan. Photo: ABS

 ABS has been awarded the Offshore & Marine Engineering Award by the Maritime and Port Authority of Singapore (MPA).    This award recognizes organizations that have made significant contributions toward the development of Singapore’s offshore and marine engineering


CMA CGM Otello Largest Box Ship to Call Indonesia

CMA CGM Otello. Photo: CMA CGM

 CMA CGM Otello has arrived Indonesia as the largest container vessel to call the country at the Jakarta International Container Terminal.    The occasion also celebrated her impending maiden voyage for the industry’s first direct service from Indonesia to the United States


ABS Facilitates Polar Code Operational Assessment

The assessment, which identifies operational risks and limitations, was performed with TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology, on its cable-laying vessel, Responder. Image courtesy of TE SubCom, ABS

 ABS facilitated a Polar Code Operational Assessment, a milestone in the implementation of the IMO Polar Code.   The assessment, which identifies operational risks and limitations, was performed with TE SubCom, a TE Connectivity Ltd


AWO, ACC Renew Chemical Shipping Agreement

The American Waterways Operators (AWO) and The American Chemistry Council (ACC) have renewed for three years a Memorandum of Agreement to promote environmental, health, safety and security performance through ACC's Responsible Care and AWO's Responsible Carrier Program


DP Conference: Call for Papers

© Hadafee / Adobe Stock

As the offshore oil and gas industry continues to rebound, so will the demand for dynamic positioning technology and services. The annual Dynamic Positioning Conference provides an annual forum for discussion and for exchange of knowledge, experience


White Paper Addresses Bilge Water Noncompliance

Photo: Alfa Laval

A new white paper from Alfa Laval addresses ship owner concerns to ensure vessel compliance with bilge water regulations worldwide. Even if a traditional system with type approval is operating on board, the paper states, there are still risks of violating applicable laws and damaging the marine


AEGIR-Marine Adds Stabilizer Repair Services

AEGIR-Marine, full service provider for stern tube seals and propulsion systems for the maritime industry, said it has added stabilizer and steering gear repair services to its portfolio of maritime services. In February 2017 the company reinforced its team with Alan


Op/Ed: CBP’S Lawful Jones Act Revocation

© currahee_shutter / Adobe Stock

In 2009, the U.S. offshore marine sector received a long over-due indication that the U.S. Customs and Border Patrol (CBP) was preparing to close loopholes and enforce U.S. law in accordance with the Jones Act. This happened when the agency unhesitatingly issued its first revocation of more than


World Record Lifeboat Boarding

Photo courtesy of Palfinger Marine

The first full scale boarding test of the world’s largest lifeboat, Palfinger Marine's new flagship for the cruise industry, landed the company a new world record.   In 2015 Palfinger Marine won the impressive contract for delivery of 24 tenders, 12 lifeboats






 
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