Page 6: of Maritime Reporter Magazine (July 2020)

Editorial

MARITIME

REPORTER

AND

ENGINEERING NEWS

M A R I N E l I N K . C o M

HQ 118 E. 25th St., 2nd Floor

New York, NY 10010 USA

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Publisher @ShipNews John C. o’Malley [email protected]

Associate Publisher/Editorial Director

Greg Trauthwein [email protected]

This month Eric Haun reports on a new

As we enter the dog days of summer, this is a period in maritime when things slow study from World Energy Reports’ (WER),

Vice President, Sales

Rob Howard down as people traditionally take summer the Outlook for Offshore Wind Power: The [email protected] vacations in July and August. Without

Frontier of Future Energy released last

Editorial Contributors

Tom Mulligan - UK overstating the obvious, though, this is an month. Haun’s report starts on page 42, and

Claudio Paschoa - Brazil

William Stoichevski - Scandinavia odd year. Don’t get me wrong, ‘slow’ is while I don’t want to steal his thunder, the the operative term across many sectors of

Production fndings are impressive:

Irina Vasilets maritime, as the disruption in business – the • WER expects 16 GW of additional [email protected] disruption in life – has left far more ques- offshore capacity to be added in 2020-

Nicole Ventimiglia [email protected] tions than answers. Case in point is the rec- 2021, driven by mature markets in Northern

Corporate Staff reational boat market. Just as the world was

Europe and fast-emerging markets in China;

Mark o’Malley, Marketing Manager

Esther Rothenberger, Accounting sliding to a halt in early March, I sold my • WER identifes some 500 GW of boat with the aim of upgrading to something

Information Technology projects and development zones in the

Vladimir Bibik a bit larger to accommodate longer trips planning and development stages, mainly

Web Contributor and longer stays out and about on the east coming from Europe, Asia and the U.S.

Michelle Howard; [email protected] coast. Then, some boats we were eyeing • WER identifes foating offshore wind

Subscriptions

Kathleen Hickey [email protected] in Connecticut and Rhode Island became turbines as the future, as foating solu-

Sales inaccessible due to travel restrictions, so I tions will enable wind farm construction in lucia Annunziata [email protected] decided to put the search on hold fguring deeper waters that hold some 80% of the the boat market would soften with economic world’s wind capacity potential. A pipeline

Terry Breese [email protected]; +1 561 732 1185 uncertainty. I was dead wrong!

of more than 50 GW of foating capacity

John Cagni

The recreational boat market is booming, requiring $93 billion to $148 billion of [email protected]; +1 631-472-2715 as people put travel plans on hold, reverting capex investment has been identifed.

Frank Covella [email protected]; +1 561 732 1659 to the ‘stay-cation.’ At the same time, from • Everyone likes a big number, and WER

Mike Kozlowski what I hear, boat builders are not ramping delivers, projecting offshore wind projects [email protected]; +1 561 733 2477 up production, lest they get burned when the will require between $1 trillion and $1.5 market inevitably softens. Predicting market

International Sales trillion of capex over the next two de-

Scandinavia & Germany direction in the best of times is fraught with cades.

Roland Persson orn Marketing AB, Box 184 , S-271 24 risk; predicting market direction in today’s

If even a fraction of the projections come

Ystad, Sweden [email protected]; +46 411-184 00 time is a roll of the dice without solid re- to fruition, advances in the offshore wind

Germany, Austria & Switzerland search behind it.

sector, particularly off the east coast U.S.,

Tony Stein [email protected]

That said, one emerging opportunity could effectively energize the offshore en- +44 1892 512777 that has kept some momentum is Offshore ergy, maritime, port and logistics market for

United Kingdom

Wind Energy. Traditional offshore oil and a generation to come.

Paul Barrett

Hallmark House, 25 Downham Road, Ramsden gas markets remain in the doldrums, and

Health, Essex CM11 1PU UK [email protected]; +44 7778 357722 the rapidity with which offshore renewable energy is picking up speed is notable.

Classifed Sales +1 212 477 6700

Gregory R. Trauthwein

Founder:

Cover Image:

Editor & Associate Publisher

John J. o’Malley [1905 - 1980]

Charles P. o’Malley [1928 - 2000]

Photo: Jan De Nul [email protected]

John E. o’Malley [1930 - 2019] 6 Maritime Reporter & Engineering News • July 2020