Little more than 12 months ago newbuilding prices had been drifting down steadily for more than a year and some industry analysts were warning that soft ship prices could be here for some time.
Simultaneously, the closure of some yards were more than offset by the opening of new ones, particularly in China, while improvements in productivity were constantly adding capacity.
Some brokers and industry analysts were warning of surplus capacity, not just in containerships. but in the Aframax, Suezmax and 45.000 dwt products carrier range.
What a difference a year makes.
Today the picture is radically different.
The container, tanker and bulk carrier markets are all buzzing, with certain sectors of the dry bulk market reaching record levels, beyond most owners' wildest dreams. The world's shipyards Contact us for your custom marine travel solution.
1.888.841.5577 w w w . t s u - n e t . c om Visit us at the Seatrade Cruise Shipping Convention Miami, FL - March 15-18,2004 Booth #1636 200 Golden Oak Court Suite 120 Virginia Beach, VA 23452 email@example.com 1.888.841.5577 Rachel Pitt Sales Representative Travel Services Unlimited is a leader in innovation and expertise in the marine and offshore travel industry. Last year alone, we moved over 50,000 crew members and marine personnel around the globe - where they were needed - when they were needed.
Our unique global marine rates give us the leading edge to serve cities from Mumbai to Dubai.
Johannesburg to Djibouti Savannah to San Francisco and all around the globe.
We currently serve one of the largest global shipping companies in the world by moving their personnel throughout the world.
We offer great rates, greater service.
Let us tell you about it.
are full, almost without exception, for the next three years and some builders are now taking orders for 2007 delivery.
New ship prices are rising dramatically (see table) and the markets are so buoyant that there are few re-sales available.
Secondhand vessel values are spiralling, with some buyers prepared to offer over the odds just to secure the tonnage they want.
There are significant new ship price rises in both the dry and liquid sectors.
But it is the increase in the cost of Capesize units that is the most dramatic.
Fuelled largely by Chinese demand for iron ore and coal, Capesize charter rates have climbed to unprecedented levels, pushing up both new and secondhand prices too. Newbuilding brokers believe it is only a matter of time before the price tag for a new Capesize will start with an almost incredible five.
However, shipbuilders may not have it all their own way. Iron ore prices are climbing, which could soon manifest into rising steel prices.
40 percent of ATPI’s business is in oil and gas. (As published in the October 2015 edition of Maritime Reporter & Engineering News - http://magazines.marinelink.com/Magazines/MaritimeReporter)
the existing terminal on the southern end of Ocracoke Island to the Hyde County mainland. The vessel was designed by the Ferry Division of the State's Marine Engineering Section under the direction of Ray A. Dossett, marine engineer. With a length of 161 feet, the vessel is 48 feet at maximum beam and
Bulkfleet, Inc., the Texas-based marine company that introduced heavy fuel-burning deep-notched vessels to the United States, has consolidated its interests, including a first-class passenger cruise line, under the name Signet Corporation, J. Barry Snyder, president and chief executive officer
and improve outreach to travel agents. Wertanzl will lead Celebrity's Fleet Operations, assigning him responsibility for the brand's hotel and marine operations. Named senior vice president of Fleet Operations, Wertanzl joins Celebrity from Crystal Cruises, where he was senior vice president
With nearly 3 million people taking a cruise during 1988 (4 million, including one-day cruises), the cruise industry is one of the fastest growing sectors of the travel industry. With Cruise Lines International Association (CLIA) reporting excellent bookings for its member cruise lines, 1989 should
414 feet 61 L> inches long. The Sam Noble was built to ABS classification and U.S. Coast Guard certification. The Sam Noble is one of a series of marine rigs recently put into service by Noble Drilling which features a standardized arrangement of drilling equipment. Noble Drilling Corporation, one of
Since inception of the industry over 30 years ago, Tidewater Inc.'s marine subsidiary, Tidewater Ma- rine Service, Inc., has consistently been a leader in the development of oil and gas support vessel design and operating improvements—hull design, superior machinery and in- novative equipment.
hurricane Elaina's passage last year. Newport News purchased its cranes and puller system as part of the expansion program for a nuclear submarine assembly facility. And Placid Oil's puller system is for mooring a large offshore production platform. Ingalls ordered three 300-ton revolver cranes
*Editor's Note: A veteran of more than 25 years' experience in sales, marketing and general management in both the consumer packaged goods and transportation industries, Mr. Godsman has been president of CLIA since October 1985. He has been instrumental in increasing the visibility of both CLIA and
Formation of a new repair division was announced by Marine Concrete Structures, Inc. Operations were scheduled to begin last month, with the facility concentrating on hull repairs and alterations for barges, tugs and workboats. "As the search for oil and gas intensifies in the Gulf of Mexico, there
At a recent joint dinner meeting of the New England Section of the Marine Technology Society (MTS), and the Northern New England Section of the American Society of Naval Engineers (ASNE), Prof. Eugene Allmendinger spoke on "Submersibles, Past, Present and Future," at the New England Center at the
. . . . . . . . . . . . . . . . . . . . . .www.sbg-systems.com . . . . . . . . . . . . . . . . . . . . . . . . . . .Please visit us online C4 . . . . .Shark Marine Technologies, Inc. . . . . . . . . . . .www.sharkmarine.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(905) 687-6672 33 . . . . .Sidus
PRODUCT, PROFESSIONAL, VESSELS, MTR BARGES & REAL ESTATE FOR SALE Marketplace For over 30 years, All American Marine has been at the forefront of aluminum vessel design and manufacturing. From our award-winning hybrid-electric passenger ferry or a high-speed catamaran with dynamic hydrofoil technology
delivers long service life in extreme environments. www.balmoraloffshore.com Photo: MacArtney The Balmoral range of buoyancy products and systems. www.marinetechnologynews.com Marine Technology Reporter 61 MTR #3 (50-63).indd 61 4/15/2019 9:50:12 A
allows it to drop ballast years old and is known throughout the a custom product. when it is time for recovery. Once the world and in all offshore marine mar- Pictured is a Deepwater Benthic Land- ballast is dropped, the system is posi- kets. DeepWater Buoyancy also has a er, a complete system which
ployment and retrieval. Its portfolio of ers in the marine, construction, indus- Hawboldt Industries Hawboldt is a designer and manufac- rental equipment includes winches with trial and oil and gas industries. Based turer of custom-built Launch and Recov- a variety of cables, mobile A-frames in in New
vehicles. MacArtney also designs and tation and a wide range of other types integrated A-frame solutions. manufactures CEMAC offshore cable of marine equipment. MERMAC A10 Applications include work class ROV handling equipment intended for pipe- systems are easy to control and provide systems
the New LED lamp options are avail- Hunter system (AUV Imaging and La- able for a range of BIRNS high per- ser), the Scout system (Observation formance marine lighting systems. Class ROV Imaging and Laser Pro? l- The company has introduced new ing), the Path? nder system (Work Class lamps for an array
Products Imaging SubC Imaging Remote Ocean Systems SIDUS Solutions, LLC ROS is an ISO-9001-2008 certi? ed company with a 28,000 sq. ft. research and manufacturing facility dedicated to producing products. Its product line includes underwater video cameras, lights, rugged pan and tilt positioning
1,700-kilometer mission autonomously collecting ? sheries thus increasing mission ef? ciency. acoustics and physical properties of the sea surface. As part Looking back 20 years, we celebrate the progress and ad- of this multi-vehicle mission under the U.K. NERC/Defra vancements made in ocean observatio
and adap- tive sampling possible. Scientists led by Dr. David Pearce, Head of Profession, Ma- rine Observations Systems, in 2018 completed a six-week, www.marinetechnologynews.com Marine Technology Reporter 53 MTR #3 (50-63).indd 53 4/11/2019 2:26:42 P
activity with precision resolution, down to a centimeter. as climate change, dwindling ? sh/food populations, and the declining health of the ocean and marine life, we need infor- mation that today is too costly, too risky and too remote to continuously collect. There’s an opportunity before us to address
Changing the Equation for Ocean Observation By Ryan Carlon www.marinetechnologynews.com Marine Technology Reporter 51 MTR #3 (50-63).indd 51 4/11/2019 2:25:52 PM
Navigation GNSS MEMS Fiber Optic Cables, Connectors & Unmanned Vehicle Propulsion White Paper Electronic Edition Slip Rings Publication Date: Marine Drones Event Distribution February 2019 Oceanology Intl North America Hydrographic Sonar & Sofware Feb 25- 27, San Diego, CA Underwater Defense
and Waagen’s Test Center attracts A place to grow Along with the 1,100-square-meter testing and training cen- wind power entrepreneurs, ? oating or marine wind power con- ter backed by The Switch — plus researchers, equipment and tinues to grow. Since Equinor’s launch of a HyWind pilot at infrastructure
by Unitech, The Switch, a local power utility to be part of the Sustainable Energy Test Center. and a host of other agencies dedicated to evolving the marine- wind supply chain. Waagen assures applicants, “We will not Wind-energy start-ups own any technology.” Other Norwegian tech incubators of re- Meanwhile
cable factory) are the incubator program aimed at making offshore — and especial- same technology developed and patented by Cabletanker. We ly ? oating marine wind installations — as ef? cient as surface have tested a prototype and are now building a pilot with ca- and subsea operations in offshore oil
innovation, people say, lags other industries. By William Stoichevski Retro? t: new work in wind for an anchor-handling vessel. Photo: Unitech www.marinetechnologynews.com Marine Technology Reporter 43 MTR #3 (34-49).indd 43 4/11/2019 11:36:59 A
Offshore wind: Photo: Equinor April 2019 42 MTR MTR #3 (34-49).indd 42 4/10/2019 4:31:31 PM
industry. “It is a relatively small industry sector at the moment, but with potential to grow,” says Richard Mills, Kongsberg Mari- time’s director of Marine Robotics sales. While its clear that Kongsberg’s payload-rich, torpedo-shaped AUVs will be valuable as pre- and post-exploitation survey vehicles
over 180 MM t of REEs and Deepsea mining techniques are being polished in the wake Sc. Not surprisingly, and in light of its recent REE discoveries, www.marinetechnologynews.com Marine Technology Reporter 39 MTR #3 (34-49).indd 39 4/10/2019 4:30:57 P
in 2018, Swire Seabed had begun the Norwegian UX-1 (prototype) or UX-1b, a spherical vehicle equipped with government’s ? rst commercial cruise to map marine mineral lasers to help mining vehicles navigate and mining companies resources of copper, lead and silver on the Norwegian conti- understand the
and control of the (mining) system.” ics and Autonomous Systems. “This information is fed into In general, AUVs, ROVs — together, are seen doing sam- www.marinetechnologynews.com Marine Technology Reporter 37 MTR #3 (34-49).indd 37 4/10/2019 4:25:31 P
months, in addition to welcoming our second autonomous developments will be very exciting. In the near HAUV to the ? eet in a few months’ time.” www.marinetechnologynews.com Marine Technology Reporter 35 MTR #3 (34-49).indd 35 4/10/2019 4:23:17 P
survey, producing stunning images, as well as point cloud data, says Ward. “The CathX Laser system provides a very high- of both the pipeline and passing marine life (see inset with de- resolution point cloud of the pipeline and adjacent seabed. The tail of the shark’s teeth, taken at 2 knots) using a Cathx