The latest Shipbuilding Market Forecast, published by Lloyd’s Register - Fairplay Research, predicts continued modest-but-steady growth for the passenger ship sector over the next five years. The monthly research report provides detailed analysis and forecasts covering all sectors of the passenger ship market, including passenger and cargo ferries, cruise ships and large private yachts. “The projected falloff in newbuildings for passenger ships is relatively small compared to other sectors of the shipping industry,” observed Niklas Bengtsson, report co-author. “This is because the passenger ship sector largely escaped the ordering frenzy of the last few years. The supply-and-demand environment for passenger vessels is different than for other sectors, which are now suffering from severe overcapacity.” The largest sector in this group is ferries, with a total fleet size of 6,316 ships as of May 2009. They are roughly divided 50-50 between passenger-only vessels, and those carrying passengers as well as rolling cargo (generally referred to as “ro-pax” in the maritime industry). The annual growth rate of 0.5 percent over the past five years will slow very slightly to 0.4 percent during the next five years, according to the report. That translates into a total of 518 new ships being delivered by shipyards through 2013, down from 637 in the previous five years.
SPI Corp's Marine PTZ Thermal Camera combines multiple sensors into a compact and affordable imaging platform for ocean and freshwater vessels SPI's latest introduction to the market is a low cost Marine PTZ thermal camera for vessels of all sizes. The SPI CORP M1-D Thermal Marine PTZ is said to be the first to combine multiple sensor technologies into a small lightweight all weather system. The M1-D Marine PTZ features a high-resolution thermal camera
The Maritime Training Academy announced the launch of its new diploma in maritime security today. The Surrey, UK-based distance learning center said the diploma in maritime security will commence April 1st, 2015 and will consist of 11 modules including ISPS code, Passenger Vessel Security, Superyacht and Private Yacht Security. It will cover preventative measures and security procedures as well as event responses
The small-ship luxury cruise line finishes its US$18million refurbishment program on all three of its sailing yachts. With the completion of Wind Spirit's dry dock Windstar Cruises' $18 million fleet-wide renovation project is now finished. The project, which began in December of 2011, encompassed all three sailing yachts in a stem-to-stern renovation that enhanced public spaces, dining venues, staterooms and suites, as well as new sails.
Maritime Cook Islands (“MCI”), the leading ship registry, has recently established its presence in India with the appointment of two deputy registrars (“DR”), Mr Faust Pinto Jr and Ms Fereshte D Sethna, to serve the growing yacht owning community in the Indian markets. Mr Faust Pinto Jr and Ms Fereshte D Sethnaare both based in Mumbai and are well-known by their industry peers in the shipping industry
Koden introduce its new Automatic Identification System (AIS) transceiver, combining AIS transponder unit with hi-contrast LCD display New for 2012, Koden has introduced the KAT-100 Class A Automatic Identification System (AIS) transceiver, combining an AIS transponder unit with a high-contrast LCD display featuring rotary control knobs for quick data selection and entry via the keypad. Koden say its new IMO Wheelmarked KAT-100 Class A AIS is an ideal solution for SOLAS and sub-SOLAS class
DSIT Solutions Ltd gets order for its PointShield™ Portable Diver Detection Sonar (PDDS) system. The PointShield™ PDDS is specifically designed to provide underwater protection for navy ships, private yachts and commercial vessels. (The PointShield™ may also be operated using a fixed installation). The Ministry of Defense of one of the world's largest countries placed the order. The order originated following an evaluation of several competing systems and a tender
DigiGone, a communication solution provider specializing in secure video transmission, introduced its new remote telemedicine kits for marine, aviation and land-based applications. Based on DigiGone’s proprietary SecureChat video encryption and compression software, the new DigiMed kits provide real-time teleconferencing with emergency medical service professionals using satellite or terrestrial wireless links, enabling a face-to-face consult between patient and doctor.
Seacraft Shipyard Delivers Private Yacht Seacraft Shipyard Corp., Amelia, La., recently delivered M/V Sea Holly, a 110 ft. live-aboard long range yacht, designed for extended excursions. The entire exterior of the vessel was faired and painted to a yacht-quality finish and the bottom of the vessel was coated with a high-performance anti-fouling paint. On the aft main deck are a flat bottom skiff and a vee bottom runabout, both of which are secured on removable boat cradles
New policies making it easier for foreign-flagged vessels to explore the coastlines of Australia have lead DYT Yacht Transport (DYT) to schedule its largest semi-submersible yacht carrier, the 686-foot (209-metre) Yacht Express, to deliver yachts to the South Pacific. The trip coordinates with the end of the Mediterranean charter season, starting in Genoa (Italy) in November to accommodate private luxury yachts and charter vessels departing from the Mediterranean Sea
Yachtowners, the specialist yacht syndicate of The Shipowners’ P&I Club, today announces that it has entered into a partnership with newly established super yacht specialists Yachtpod Risk Partners (Yachtpod). Yachtowners, the specialist yacht syndicate of The Shipowners’
Australian Navy frigate, HMAS Parramatta has rescued three South African sailors from a stricken yacht approximately 1,300 kilometres southwest of Cape Leeuwin in Western Australia. The three yachtsmen of the 13-metre yacht activated an emergency response beacon late on 17 March
Foreign Direct Investment upto 100% under automatic route is already permitted in the Port Sector. This has resulted in several Public Private Partnership (PPP) projects coming up in the Major Ports. At present, a total of 33 PPP Projects with an investment of INR 17817
Secure and efficient ports support a sustainable maritime sector and underline the interconnection between ships, ports and people. This was one of the themes outlined by International Maritime Organization (IMO) ' Javier Yasnikouski, Head of Maritime Security
Italian yard Rossinavi has launched its new 49.9-metre superyacht Endeavour II during a ceremony attended by 300 guests and shipyard staff. Known as project FR032, the yacht is built entirely out of aluminium to a design by Team 4 Design.
You order your new 227-ft. Yacht Support vessel with its own helicopter hangar. Damen, an innovator in various marine sectors, has launched Game Changer, its latest 227-ft. (70 m) Damen, Yacht Support vessel with helicopter hangar. Available for the 2017 summer season
Marine Professionals Inc. (MPI) is marking its 20th year in business, kicking off a year-long commemoration with a new celebratory logo and a secondary, complementary visual. The anniversary logo symbolizes MPI’s success over the past 20 years
Maritime Cook Islands Reconstitutes Its Technical Department –FourNew Senior Appointments to ProvideEnhanced Technical Expertise to Ship Owners Maritime Cook Islands (“MCI”), the international ship registry, hassignificantly enhanced its technical department with a series of
Type 45 destroyer HMS Dragon rescues 14 stricken sailors from damaged British racing yacht. "The crew of Dragon have rescued 14 sailors in treacherous weather conditions today after a racing yacht suffered damage in the Atlantic ocean," says a statement from Royal Navy.
In 2014, the global yacht charter market was valued at USD 35 billion and is projected to reach USD 51 billion by 2020, growing at a CAGR of 6.5% during the forecast period, according to Market Report. Region wise, Eastern Europe is expected to see the largest growth of 7
Yacht charter market is set to grow at a compound annual growth rate (CAGR) of 6.5% through 2020, says Future Market Insights in its research report. Yacht charter market revenues were estimated at US$ 37 billion in 2015, and by 2020
Now, it becomes easier for private persons to hire out or share their pleasure boats. The Danish Maritime Authority (DMA) has revised its regulations on pleasure boats so that they are now simpler if you want to hire out or share your pleasure boat with others
Seaspan’s Vancouver Shipyards has announced the appointment of Tony Tinto to Vice President, Planning & Estimating. Tinto joined Vancouver Shipyards (VSY) in 2006 as a Project Manager, before moving over to affiliate company Vancouver Drydock in 2007 in a similar
MV WERFTEN said it has contracted DNV GL for the classification of the Endeavor-class vessels. The contract includes three 20,000 GT mega yachts, which will be three of the first passenger ships to be classified according to the new DNV GL rules.
A yacht and a commercial fishing vessel collided Tuesday about 10 miles east of Block Island, Rhode Island. No injuries have been reported. The 40-foot lobster boat, Squeeze Play, manned by a two-man crew, was struck by the yacht Lucia, which had four people aboard