Deep-Sea Towage, Salvage And Heavy-Lift Markets
The role of towage, salvage and heavy-lift within the shipping industry is not large, but its importance far outweighs its size and it embraces an impressive and diverse range of expertise. The individual markets have undergone major upheavals over the past ten years and are set for further change during the 1990s. All companies within the market sector have had to face up to painful rationalization in changing market conditions.
In a climate of rising operational costs and increasing economic discrimination each player is having to find new methods to secure a market position. Towage, for example, has lost part of its deep-sea market to heavy-lift vessels in some operational areas only to make gains elsewhere. New methods of handling heavy-lifts are proving more profitable, despite harsh trading conditions. Salvage, for its part, declared by some operators to be in crisis, continues to reward those bold enough to take an innovative approach.
Within a new report the technical aspects of tugs and heavy-lift vessels are concisely described and fleets analyzed by flag, age, and capability. The various market sectors of salvage, ship delivery, offshore cargoes and industrial cargoes are described, with the relationship between market sectors and vessels examined. An important section of the report details the trading positions occupied by more than 20 major companies.
The most political aspect of the industry relates to salvage, which has been subject to rising operational costs, fierce and growing competition, and static revenues.
Salvage is becoming more difficult, both technically and legally, and the whole topic of salvage is the subject of enquiries within the industry, both by representatives of the industry and by official organizations.
Public demand is for less maritime pollution (which appears to be more readily identified than landside pollution). Maritime pollution is now within the political arena and as a consequence a number of unilateral and international laws are encroaching on the industry without taking into account how the demands on the salvage companies are to be funded. Can local and offshore facilities be effectively organized and used for salvage purposes?
These and other problems of the industry are addressed with the report. The whole salvage industry seems to be bedevilled with such questions while it is often forgotten that good and effective work is done every day in saving ships and cargo by both large and small organizations. The outlook for the individual market sectors within the industry are examined.
Obviously, for the deepsea towage sector the inevitable upturn in scrapping will provide more work, but ship owners will strive to minimize the length of towage passages and in some instances may have to use semi-submersible vessels (SSHLVs) where there is danger of pollution. But despite better prospects for employment, there will continue to exist an oversupply of tugs, which is bad news for newbuilding, but tugs will be upgraded and modified for new roles.
Operators of heavy-lift vessels (HLVs) who are able to fit ships into liner or quasi-liner services will stand to prosper, and will build ships suitable for the services in question.
Salvage operators are awaiting the outcome of the enquiry into the whole state of the market instituted by the International Salvage Union (ISU). They are also looking towards decisions that might be forthcoming from IMO, the U.S.A.
and EC. While jealous of their independence, larger salvage operators are looking towards some form of financial help to assist with the high costs they face. Without such help it seems likely that there will be a continuation of the fall in investment that large salvage operators are prepared to make except where they see a good chance of a profitable return. It also seems inevitable that there will be an increase in official intervention and even of bureaucratic control in the light of the close connection of salvage with marine pollution control.
To order "Deep-Sea Tbwage, Salvage, And Heavy-Lift Markets" please contact: Drewry Shipping Consultants Ltd., 11 Heron Quay, London E14 4JF, England.
Read Deep-Sea Towage, Salvage And Heavy-Lift Markets in Pdf, Flash or Html5 edition of May 1992 Maritime Reporter
Other stories from May 1992 issue
Content
- New Quality Assurance And Environmental/Safety Directors At IMC page: 4
- White House Promises New Merchant Marine Policy page: 4
- Major Changes Predicted For World Shipping Industry page: 6
- MHI Introduces New Bridge Operation Support System page: 6
- Comsat Develops Lightweight Satellite Battery page: 7
- Underwriters Told To Oppose Foreign Insurance Protectionism page: 7
- Fore River Yard Site Of $ 1.6-Billion Boston Project page: 7
- Overlay Finish For Fiber Ropes Improves Marine Performance page: 8
- MagneTek's PCB Testing Ensures EPA Compliance page: 9
- MagneTek's PCB Testing Ensures EPA Compliance page: 11
- NAVIONICS Introduces New Micro Chart Module page: 13
- Government And Oil Industry Begin Battle Over Oil Spill Assessments page: 13
- Inland Port Opened By Philadelphia page: 15
- IMC Announces New Board Of Directors, Corporate Officers page: 15
- AESA Appoints Gonzalez-Sama General Commercial Manager page: 17
- Ship Repair Revival Plan Outlined By San Francis page: 18
- Service Marine To Build HarrahVHammons Casino Boat For Illinois Operation page: 18
- Schichau Seebeckwerft Launches First Of Two Great White Fleet Reefers page: 19
- Del Norte Introduces Model 2006 GPS Receiver page: 19
- New Report Offers Detailed Study Of World Reefer Shipping page: 20
- R.H. Wager Opens New Mobile Office And Product Lines page: 20
- Double Christening Held For Avondale-Built National Marine Towboats page: 21
- DOUBLE HULL UPDATE page: 23
- New American Underpressure System —An Interim Solution page: 24
- 14 New Generation Double-Skin Tankers Being Built By Fincantieri page: 25
- Double-Hulled 'Patriot' Delivered By Samsung For Conoco Shipping page: 25
- HDW's Design For Double-Hull Tanker To Be European Standard page: 26
- Coast Guard Urges Unified Federal Spill Response Regulations page: 28
- Oil Pollution Act Spurs World Oil Industry To Drop Substandard Tankers page: 28
- Worldwide Tanker Order Book Hits 15-Year High page: 28
- Cruise Ship Zenith Delivered To Chandris Celebrity Cruises By Meyer Werft page: 29
- Diamond M-Odeco Teams With VODL To Enter Floating Production Market page: 29
- Newport News Markets Frigate Design To World page: 29
- Keel Layed For Cruise Ship Maasdam At Fincantieri Shipyard page: 29
- BOOM TIMES FOR KOREAN SHIPBUILDING page: 30
- MTlTs 595 Diesel Series Design Concept Proven Aboard Ferry 'Deutschland' page: 34
- Trinity Marine Awarded $31.2 Million Contract By U.S. Army To Build Two LSVs For Philippines Navy page: 36
- POSIDONIA 92 page: 37
- Tokimec's Marine Systems Division Offers Wide Range Of Navigation Equipment page: 38
- Port Of South Louisiana Plans To Turn Riverplex Into Intermodal Facility page: 39
- North Sea Operators Evaluating New Rig Concept For Long-Term Programs page: 39
- Boat Workers Rally For Luxury Tax Repeal page: 39
- EUROPEAN WORKBOAT SHOW page: 40
- Largest Cruise Liner Ever Built At Finnyards Delivered To Sally Line page: 41
- Bender Inc. Introduces New Portable Ground Fault Current Instrument page: 43
- NEI Syncrolift Receives Three Orders For Shiplifts And Transfer Systems page: 44
- Alden Electronics Introduces New Navtex AE-900 Receiver And Faxmate II Weather Chart Recorder page: 44
- 40th Annual Ft. Schuyler Forum Focuses On Marine Refrigeration And Diesel Engine Performance page: 44
- Glass Beads Demonstrated As Quick, Low-Cost Tool For Oil-Spill Cleanups page: 46
- Cruise Vessels To Be Built In Agreement Between McDermott/Swathtech page: 51
- Amclean Develops Multi-Nozzle Waterjet —Free Video Offered page: 51
- C. Plath Offers Free Color Brochure On Navipilot V page: 52
- New MSI-Operated Rotterdam Research, Training Center page: 52
- Guam Set To Become Key U.S. Military Outpost In Pacific page: 53
- CG Proposes New Rules For Unmanned Tanker Enginerooms page: 53
- Deep-Sea Towage, Salvage And Heavy-Lift Markets page: 54
- The Navy, MarAd, And RRF Deactivations page: 55
- Kranco Develops Automatic Synchronization Of Hoists Controls page: 56
- ABB Set To Get Power Supply System Job For Carnival's 'Imagination' page: 56
- Corps Of Engineers Asked To Fund More Renovations On Inland Waterways page: 57
- CD Based Government Logistics Data Available From USA Info Systems page: 57
- Major Conference On Oil Spill Laws & Response In Seattle, October '92 page: 58
- Open Committee On CG Oil Spill Legislation Completes 1 st Phase page: 58
- RORO 92 page: 60
- McQuay Chiller's QEII Experience Proves Reliability page: 61
- New Study Examines Under-Priced Ship Resale Market page: 62
- Raytheon Announces New Handheld VHF Radiotelephone page: 62
- Siemens To Supply Full Electrical System For New Research Vessel page: 62
- Propulsion System Demonstrator Powered By GE Gas Turbine page: 62
- Portland Box Volumes Up 25 Percent In February page: 62
- Washburn & Doughty Delivers Passenger/Auto Ferry Captain Henry Lee page: 64
- Crowley Maritime Celebrates 100 Years Of Service page: 64
- International Tug & Salvage Expo 1992 page: 66
- Capabilities Of Trinity Marine's New Beaumont Yard Highlighted page: 66
- NRC, Coastal And Phibro To Support Second National Response Network page: 67
- Mende Honored For Accomplishments In Marine Field page: 67
- U.S. NAVY FY 1993 page: 68
- Navy Expects To Award First Contracts From Sealift Fund In Early '93 page: 70
- MarAd Awards Yards Layberthing Contracts Worth $18 Million page: 71
- FY 1993 Budget For Coast Guard Shows Increase Over FY 1992 page: 71
- Appropriations Of $312 Million Requested For MarAd In FY 1993 page: 71
- Intermarine USA Launches Second Navy Minehunter page: 72
- DECK MACHINERY & CARGO-HAN DUNG EQUIPMENT page: 73
- USS Anzio, Ingall's 15th Aegis Cruiser Completed page: 81
- Wartsila's Vasa 32 Gas Diesel Now Ready For Global Sales page: 81
- Nichols Brothers Delivers 1,600-Passenger Dinner Boat For Hawaiian Service page: 83
- ABB Supplies Systems For New Icebreaker Being Built By Finnyards page: 84
- First Commercial Icebreaking Research Ship Delivered By North American page: 84