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It’s probably no surprise that deepwater drilling expenditures are expected to be less than anticipated during the period 2016-2020, due to falling oil prices, according to Douglas-Westwood energy consultants. While current projects will likely...

 

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The ice-classed AHTS Magne Viking, owned by Viking Supply Ships, has become the first vessel to be found in compliance with the new IMO Polar Code by a recent DNV GL survey. The IMO Polar Code comes into effect on January 1, 2017, and is mandatory fo... Full story

 

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The Cruise Lines International Association predicts that 24 million people will embark on cruises this year with their member lines. Not only will the large ocean-going vessels be seeing more business, but many of the river and specialty adventure... Full story

 

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In early January, BIMCO released a 32-page document entitled The Guidelines On Cyber Security Onboard Ships , to be used as a complementary guide to existing International Safety Management (ISM) Code and the International Ship and Port Facility... Full story

 

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A new guide is available for tanker operators to inform and prepare them for piracy attacks in Asia, in particular, oil cargo theft activities. Avoiding and deterring would-be thieves and kidnappers is the ultimate goal, and preventative measures... Full story

 

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The University of Alaska Anchorage was the setting for the launch of the new Arctic Domain Awareness Center (ADAC). Set up by the Department of Homeland Security (DHS) and the Science and Technology Directorate, the organization is expected to help... Full story

 

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New mega cruise ship building is riding a high wave. According to Clarksons Research analysts, the current order book is at 41 vessels. While North American and European passengers dominated the market last year, the Asian sector, which has only... Full story

 
 By K    Above Board    October 1, 2015

Above Board

Have questions about news, trends, basic industry terms, ‘how-it’s-done’ or something you’re observing in your own industry sector? Send them to maritimewriter@gmail.com and I’ll do my best to answer them, either by email or in one of my up... Full story

 

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According to Douglas-Westwood energy consultants, the FLNG (Floating Liquefied Natural Gas facility) market is expected to grow to $58.3 billion in capital investments throughout the next seven years. Liquefaction infrastructure is projected to make... Full story

 

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Despite the decline in the price of crude oil over the past year, the subsea hardware market is expected to grow by 27 percent to 2019. Subsea tree installations (a subsea tree monitors and controls the production of a subsea well) numbered 350 last... Full story

 

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The Wärtsilä 31 engine has been recognized as the most efficient 4-stroke diesel engine in the world by Guinness World Records. The recently-launched product boasts diesel consumption as low as 165 gallons per kWh. The Wärtsilä 31 engine can be... Full story

 

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The marine propulsion market is expected to grow substantially as demand for financially-sound and dependable engines increases. Grand View Research, a US-based forecaster, estimates expenditures will top $10.95 billion by 2020. Deadly Disasters and... Full story

 

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Africa is expected to dominate deepwater capital expenditure growth over the next five-year period. Along with North America and Latin America, the top frontrunners are projected to spend $173 billion, according to energy market analysts Douglas-West... Full story

 

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The jury is still out on the use of LNG, at least as far as the European Commission is concerned, although the outlook is more positive than negative. A preliminary study carried out by the Commission’s Directorate-General for Mobility and... Full story

 

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In an effort to mitigate mis-declared and unsafe container exports, new IMO container weight verification requirements will become mandatory next year. After the adoption in late 2014 by the IMO’s Maritime Safety Committee on new SOLAS... Full story

 

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Mega alliances are part of the reason the container shipping sector could see a rise in profitability in 2015 according to Drewry Shipping Consultants Ltd. Slow steaming and the continuation of relatively low fuel costs could also provide smoother... Full story

 

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Energy analysts Douglas-Westwood are predicting capital expenditures globally for LNG facilities will be approximately $228 billion during the period 2013-2017, a huge uptick of close to 110 percent compared to the previous five-year span. This is... Full story

 

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The IMO’s Marine Protection and Environment Committee (MEPC) recently approved a draft Polar Code that applies to ships plying Arctic and Antarctic waters. The Code includes aspects such as design, construction, search-and-rescue and environmental... Full story

 

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According to Clarksons, over the next decade, LNG tankers, cruise ships (together at 20 percent) and offshore vessels and mobile assets (estimated at 30 percent) will drive capital investments in the shipping industry to the tune of $1.4 trillion.... Full story

 

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New IMO requirements are in the offing for those who work aboard ships in enclosed spaces. As of January 1, 2015, SOLAS Chapter III, regulation 19 will come into force; at an interval of at least once every two months, crew will be required to run... Full story

 

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LNG shipbuilding activities in China are expected to jump between now and 2020. In fact, the country is looking to obtain shipbuilding contracts over the next five to six years in this sector to the tune of about $10 billion, a move which, it is...

 

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A new collaborative study in Europe is underway with DNV GL and LNG market stakeholders working on behalf of E&P exploration and production companies to research and assess the risks of an accidental LNG release in regard to small-scale LNG bunkering... Full story

 

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NATO has decided to continue with the Ocean Shield counter-piracy initiative for at least two more years in the Horn of Africa and across the Indian Ocean. The collective might of NATO and international naval forces has helped deter piracy and... Full story

 

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Over the next four years, the demand for offshore maintenance, modifications and operations services is forecast to increase 30 percent due to surging oil prices, increasing offshore development and declining infrastructure. Deadly Disasters and... Full story

 

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Virtual video medical assistance for seafarers is now a reality. Globecomm Maritime, a communications company based in New Jersey, has partnered with Future Care, Inc, to offer a virtual ER set up which also integrates with Globecomm’s Access Chat... Full story

 

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