Marine Freight Industry to Reach $210 Bln by 2021 -Report
The global marine freight industry has struggled in recent years, suffering from a negative compound annual growth rate (CAGR) of 3.3 percent between 2012 and 2016 amid an increasing oversupply and a collapse of global demand, according to research firm MarketLine. The company’s latest report states that economic growth slowed across most of the world over this period, particularly in China, which has recently been the source of much consumer demand. This resulted in a fall in demand for transportation services in general…
Kohler Power Systems Announces Promotions
Kohler Power Systems has announced two promotions within its marine segment. Patrick Kline has been promoted to Global Marine, Americas, KPS; and Frank Formas has been appointed to MGR – Field Service, Global Marine, KPS. In his new role, Kline has overall responsibility for all Global Marine sales efforts in the Americas. While at Kohler, he has established a rapport with the North American Global Marine distribution channel and has introduced Global Marine into unexplored markets.
Ports & Services Industry to Grow Moderately
Moderate growth over next five years in the global marine ports & services market is forecast in a new market report. The global marine ports and services industry depicted a certain amount of resilience during the 2009 economic slump to stand at an estimated $57.3 billion by 2011 with a 4.9% CAGR during 2006-2011. The global marine ports and services market is forecast to approach $66billion in revenue by 2017 with a 3.3% CAGR during 2012-2017, according to market research by Luncintel.
Forum to Provide Offshore Trenching System to Global Marine
Forum Energy Technologies contracts with Global Marine Systems to supply a PerryTM XT 600 Trenching System. The XT 600 Trenching System is scheduled for delivery in 2013. It will be installed in the Global Marine vessel the Cable Retriever, based in the Philippines, and will replace the T205 trencher that was previously supplied by Forum/Perry in 2000. The XT 600 Trenching System will be used to support Global Marine's subsea cable maintenance contracts in South East Asia and the Indian Ocean. The trenching system is to come complete with Launch & Recovery System and special tooling.
IMarEST Partners with Matchtech Recruitment
The Institute of Marine Engineering, Science and Technology (IMarEST) has partnered with Matchtech to offer an online recruitment service. Developed to offer a key benefit to the institutes 15,000 global membership, Matchtech will run an online job board on the IMarEST website. David Loosley, IMarEST CEO, welcomes Matchtech as IMarEST’s new recruitment partner stating; “We’re delighted to announce that the IMarEST is partnering with Matchtech to offer our international members an online recruitment service.
Global Marine Port and Service Industry to Grow at a CAGR of 4.7%
According to a new industry report published by Lucintel, the future of the global marine port and service industry looks good, with opportunities in the marine freight transportation industry. As per a Lucintel study, the global marine port and service industry is forecast to grow at a CAGR of 4.7% from 2015 to 2020. The major drivers of growth for this industry are high growth of the marine freight transportation industry and surging demand of containerized and bulk cargo. Increasing global exports…
Braemar Launches New Salvage Support Operation
Incident response and environmental clean-up specialist Braemar Howells and its sister company Braemar (Incorporating The Salvage Association) are to work together to provide a 24-hour global response capability to the world’s shipping and marine insurance sectors. In what is being seen as a key development in the expansion of Braemar’s Technical Services (BTS) division, both companies have formed Braemar Marine Salvage Support Services which will provide on-site distressed cargo management and salvage support services to salvors…
McDermott Appoints Houser Senior VP Ops
McDermott International, Inc. said that Dan Houser was appointed to Senior Vice President, Operations. In this role, Houser is responsible for leading the Atlantic region and Global Marine organization at McDermott, which includes setting the strategic direction, as well as business acquisition and execution for these groups. In addition, he will be responsible for expanding the company’s activities for the region into Brazil, West Africa and the North Sea. McDermott’s Atlantic region includes fabrication facilities and marine bases in Morgan City…
Tikka to Lead ABS Global Marine Activities
ABS reports that it has centralized its global Marine strategic planning, client development, and product and service offerings to deliver enhanced classification services and joint technical projects. Effective Feb. 15, 2016, Dr. Kirsi Tikka is promoted to the new role of Executive Vice President – Global Marine. She will continue to be based in London. “An industry-recognized and respected expert, Kirsi brings tremendous experience and insight to deliver improved coordination, consistency and responsiveness to our members and clients,” sadi ABS Chairman, President and CEO Christopher J.
NE England Shipyard Completes Cableship Conversion Work
Global Marine Systems Energy contracted A&P North East to ready 'Cable Enterprise' for offshore wind farm operations. The project took 110 days work to make the vessel ready for a contract on the Gwynt y Mor offshore wind farm, situated off the coast of Wales. Works carried out by A&P North East on the project included; fitting of a carousel to the main deck and under deck stiffening along with fabrication and installation of a number of items including a forward cow catcher, bulwalk sections, A-Frame seats and plough carriage.
Divers Find Caribbean Island Pewter Treasure
Shipwreck reveals precious coins, rare pewter artifacts to salvors at Punta Cana, Dominican Republic. The most important shipwreck of its kind dating from the 1500s was recently discovered by Anchor Research & Salvage SRL. According to noted pewter expert Martin Roberts "Pewter finds from the 2012 diving season continue to support present hypotheses on date and origin while also surprising collectors and challenging orthodox knowledge of the mid-16th Century pewter trade. Recovery and preservation efforts are ongoing, according to Robert H.
Global Marine Technology Trends 2030 report released
Global Marine Technology Trends 2030, released today, is the culmination of a collaborative project between Lloyd’s Register, QinetiQ and the University of Southampton looking at the future for: commercial shipping – without which world trade would cease; for navies – so vital for security; and the health of the oceans – the vital resource that defines the future wellbeing of the planet. In asking ‘what’s next’ GMTT 2030 is an aid to business, policy makers and society in trying to understand the future for the maritime industries and the oceans.
Keel Laying Ceremony for Global Marine Three Aluminum Crew Boats
On November 1, 2012, Grandweld Shipyards has celebrated the keel laying of the three new 42M Aluminum Crew Boats for the repeat client Global Marine. The contract was signed in August 2012 following the successful delivery of the three sister crew boats in 2011. The series is a heavily modified version of the 41M, and is designed to reach a speed in excess of 25 knots and incorporates luxury seating, accommodation for VIP guests, larger deck space and enhanced comfort for the crew.
Hella Marine Names Bartley Project Manager
Hella marine has appointed Paul Bartley to the position of product manager, marine. Based at Hella New Zealand, Bartley is responsible for the global marine program, including all new product development, management, pricing, inquiries and OEM custom requirements. Bartley brings over 25 years of experience in the boating industry. He recently served as electrical product manager for Lusty & Blundell, a marine distributor in New Zealand that sells Raymarine, Blue Sea, CTEK and Hella marine brands.
Fairline Appoints Sales & Marketing Director
Fairline has announced Douglas Culverwell as its new Sales and Marketing Director. Douglas will be responsible for Fairline's global sales and marketing operations, leading Fairline’s international sales team and managing its worldwide dealer network. Douglas brings a wealth of global marine industry knowledge and experience acquired over the last 17 years. Douglas joined Fairline a year ago as Regional Director for Europe, the Middle East and Africa. Prior to joining Fairline, Douglas worked for boat distributors and manufacturers across the world.
Ramsden Joins Hella Marine
Hella marine appointed Adam Ramsden to the position of sales manager for Europe, focusing primarily on Belgium, Denmark, France, Holland, Norway, Portugal, Spain, Sweden and the UK. An experienced sales and marketing professional, Ramsden specializes in international business development and client management. Until recently, Ramsden was sales director for global marine electronics manufacturer Scanstrut, focusing on its world-wide retail distribution and OEM client base. Prior to this…
Global Marine Crew Payroll Card Launched
Cardplatforms and i2c are collaborating to launch a global marine payroll program through MultiBank in Panama. Cardplatforms, a global prepaid services company, has chosen i2c, Inc. as one of its payment processing providers, and will use i2c’s MCP global payment processing platform to launch and manage several diversified card-based and virtual prepaid products. The initial collaboration will be CrewCashCard, a global marine payroll program launching through MultiBank in Panama.
Braemar Shipping Launches Technical Service
Braemar Shipping Services plc's penetration of the global marine and offshore services sectors continues to develop with the bringing together of its business units under the umbrella control of the Braemar Technical Services (BTS) division. As was set in train with the results’ announcement in May 2011, BTS will bring a broader service as well as operating efficiency benefits to customers of its technical services businesses - Braemar Casbarian, Braemar Falconer, Braemar Steege, Braemar (incorporating The Salvage Association) and Braemar Wavespec/Wavespec.
Container Terminal Industry Market Research Published
Global Marine & Container Terminal Operation Industry market research report available. Over the long term, IBISWorld projects that trends towards globalization, complex international supply chains and growing world GDP will see the volume of seaborne trade continue to grow strongly. Marine port operators worldwide are literally and figuratively in the middle of growth in international trade. "The main factors that have assisted the industry's growth in the past 15 years have been trade liberalization…