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.
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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.
greatly reduces downtime and minimizes interruption to ship operations. Enhanced manoeuvrability is also particularly important for cruise ships. GE’s Marine Solutions is currently partnering with shipbuilders to design the next generation of marine propulsion ”pods,” targeting improved fuel efficiency and
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largest garbage depot, as inadequate or nonexistent waste management systems – particularly in coastal and island communities – enable massive patches of marine debris to form around the globe. In an effort to end this process ashore and in the seas, German entrepreneur and shipbuilder Dirk Lindeau, backed
;s Fleet One Service. And, satellite communications integrator Network Innovations was the conduit that made it happen.Case StudyDunlap Towing Company, a marine transportation services provider for almost a century, offers towing and assist services throughout the Puget Sound, along the Pacific Coast into Canada
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
Trite as it may be, time is money, especially in the high-end cruise market that depends on millions of tourists spending ample sums of cash onboard today's floating cities. A cruise ship out of action can quickly translate to millions in lost revenue, not to mention the public relations black eye.
the ship’s bow, measures wind, water temperature, temperature and relative humidity, barometric pressure,takes reading from the GPS receiver and then sends marine weather from wherever the vessel goes. Paul Hill, Sales Manager for JouBeh Technologies, told MarineNews, “JouBeh supports AXYS Technologies as their
Breaking new ground: the all-electric, zero-emissions Future of The FjordsNorwegian cruise vessel offers amazing tourist experience while protecting fragile UNESCO World Heritage environmentFuture of the Fjords, the world’s first all-electric and completely emissions-free ship, launched in April this year
The Company: Master Marine has provided excellent marine repair and new construction services for over 55 years to all marine sectors. Equipment includes one 750-ton floating dry-dock (152’ x 46’) inside the wing walls and one 220-ton Marine Travel lift for servicing inland and offshore commercial companies
respiratory and hearing protection, as well as ergonomic and other safety products for years, introduces the 3M Health and Safety Services Program. 3M Marine is introducing a series of new health and safety programs that offer medical testing and training to the marine industry. These programs help increase
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)
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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
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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
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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
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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
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
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