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Fairplay Research Report 5-Year Forcasts

The latest Shipbuilding Market Forecast, published by Lloyd’s Register - Fairplay Research, predicts continued modest-but-steady growth for the passenger ship sector over the next five years. The monthly research report provides detailed analysis and forecasts covering all sectors of the passenger ship market, including passenger and cargo ferries, cruise ships and large private yachts. “The projected falloff in newbuildings for passenger ships is relatively small compared to other sectors of the shipping industry,” observed Niklas Bengtsson, report co-author. “This is because the passenger ship sector largely escaped the ordering frenzy of the last few years. The supply-and-demand environment for passenger vessels is different than for other sectors, which are now suffering from severe overcapacity.” The largest sector in this group is ferries, with a total fleet size of 6,316 ships as of May 2009. They are roughly divided 50-50 between passenger-only vessels, and those carrying passengers as well as rolling cargo (generally referred to as “ro-pax” in the maritime industry). The annual growth rate of 0.5 percent over the past five years will slow very slightly to 0.4 percent during the next five years, according to the report. That translates into a total of 518 new ships being delivered by shipyards through 2013, down from 637 in the previous five years.


New Low-Cost Marine Thermal Camera

Image courtesy of SPI

SPI Corp's Marine PTZ Thermal Camera combines multiple sensors into a compact and affordable imaging platform for ocean and freshwater vessels SPI's latest introduction to the market is a low cost Marine PTZ thermal camera for vessels of all sizes. The SPI CORP M1-D Thermal Marine PTZ is said to be the first to combine multiple sensor technologies into a small lightweight all weather system. The M1-D Marine PTZ features a high-resolution thermal camera


Diver Threat Detection Sonar Order for DSIT

DSIT Solutions Ltd gets order for its PointShield™ Portable Diver Detection Sonar (PDDS) system. The PointShield™ PDDS is specifically designed to provide underwater protection for navy ships, private yachts and commercial vessels. (The PointShield™ may also be operated using a fixed installation). The Ministry of Defense of one of the world's largest countries placed the order. The order originated following an evaluation of several competing systems and a tender


Windstar Cruises Completes Fleet Renovation

Photo credit Windstar Cruises

The small-ship luxury cruise line finishes its US$18million refurbishment program on all three of its sailing yachts. With the completion of Wind Spirit's dry dock  Windstar Cruises' $18 million fleet-wide renovation project is now finished. The project, which began in December of 2011, encompassed all three sailing yachts in a stem-to-stern renovation that enhanced public spaces, dining venues, staterooms and suites, as well as new sails.


Maritime Training Academy Announces Diploma in Maritime Security

  The Maritime Training Academy announced the launch of its new diploma in maritime security today.   The Surrey, UK-based distance learning center said the diploma in maritime security will commence April 1st, 2015 and will consist of 11 modules including ISPS code, Passenger Vessel Security, Superyacht and Private Yacht Security.  It will cover preventative measures and security procedures as well as event responses


Maritime Cook Islands Expands Network to India

  Maritime Cook Islands (“MCI”), the leading ship registry, has recently established its presence in India with the appointment of two deputy registrars (“DR”), Mr Faust Pinto Jr and Ms Fereshte D Sethna, to serve the growing yacht owning community in the Indian markets. Mr Faust Pinto Jr and Ms Fereshte D Sethnaare both based in Mumbai and are well-known by their industry peers in the shipping industry


New Vessel Deliveries

Seacraft Shipyard Delivers Private Yacht Seacraft Shipyard Corp., Amelia, La., recently delivered M/V Sea Holly, a 110 ft. live-aboard long range yacht, designed for extended excursions. The entire exterior of the vessel was faired and painted to a yacht-quality finish and the bottom of the vessel was coated with a high-performance anti-fouling paint. On the aft main deck are a flat bottom skiff and a vee bottom runabout, both of which are secured on removable boat cradles


New Vessel AIS Trasceiver by Koden

Photo credit Koden

Koden introduce its new Automatic Identification System (AIS) transceiver, combining AIS transponder unit with hi-contrast LCD display New for 2012, Koden has introduced the KAT-100 Class A Automatic Identification System (AIS) transceiver, combining an AIS transponder unit with a high-contrast LCD display featuring rotary control knobs for quick data selection and entry via the keypad. Koden say its new IMO Wheelmarked KAT-100 Class A AIS is an ideal solution for SOLAS and sub-SOLAS class


New Videoconferencing Kits Offer Medical Lifeline

Image: DigiGone

DigiGone, a communication solution provider specializing in secure video transmission, introduced its new remote telemedicine kits for marine, aviation and land-based applications. Based on DigiGone’s proprietary SecureChat video encryption and compression software, the new DigiMed kits provide real-time teleconferencing with emergency medical service professionals using satellite or terrestrial wireless links, enabling a face-to-face consult between patient and doctor.


Huge Yacht Carrier Headed for South Pacific

DYT Yacht Transport’s largest semi-submersible ship, Yacht Express, will make its first trip to Sydney, Australia. (Photo credit: Onne van der Wal)

New policies making it easier for foreign-flagged vessels to explore the coastlines of Australia have lead DYT Yacht Transport (DYT) to schedule its largest semi-submersible yacht carrier, the 686-foot (209-metre) Yacht Express, to deliver yachts to the South Pacific. The trip coordinates with the end of the Mediterranean charter season, starting in Genoa (Italy) in November to accommodate private luxury yachts and charter vessels departing from the Mediterranean Sea


Royal Navy's HMS Dragon Rescues Yacht Crew

The sea boats from HMS Dragon went to help the 14 sailors in the Atlantic ocean. Photo: Royal Navy, UK

 Type 45 destroyer HMS Dragon rescues 14 stricken sailors from damaged British racing yacht.   "The crew of Dragon have rescued 14 sailors in treacherous weather conditions today after a racing yacht suffered damage in the Atlantic ocean," says a statement from Royal Navy.


Maritime Cook Islands Technical Department Reconstituted

Rachele Andreani Photo MCI

Maritime Cook Islands Reconstitutes Its Technical Department –FourNew Senior Appointments to ProvideEnhanced Technical Expertise to Ship Owners Maritime Cook Islands (“MCI”), the international ship registry, hassignificantly enhanced its technical department with a series of


Marine Professionals commemorates 20th anniversary

MPI 20th Anniversary Logo

Marine Professionals Inc. (MPI) is marking its 20th year in business, kicking off a year-long commemoration with a new celebratory logo and a secondary, complementary visual.  The anniversary logo symbolizes MPI’s success over the past 20 years


You know you've arrived when ...

(Image: Damen)

You order your new 227-ft. Yacht Support vessel with its own helicopter hangar. Damen, an innovator in various marine sectors, has launched Game Changer, its latest 227-ft. (70 m) Damen, Yacht Support vessel with helicopter hangar. Available for the 2017 summer season


Post-Brexit, Lawmakers Call for Royal Yacht's Return

(Photo: The Royal Yacht Britannia Trust)

As Britain sets sail in uncharted waters on the lookout for post-Brexit trade deals, lawmakers and a former diplomat have earmarked two key weapons: the Duchess of Cambridge and a new royal yacht.   Following the vote in June for Britain to leave the European Union


Mega Yacht Shipped from Lavrion to Dubai

(Photo: Rickmers-Linie)

In early October, cargo vessel MV Rickmers Dalian made a stop-over at the anchorage off Lavrion in Greece to load a mega yacht for shipment to Dubai, where she was discharged on October 19.   The shipment of the 50-meter-long, 340-metric-ton yacht was coordinated and booked by


“Ottantacinque” Wins German Design Award

Render-Courtesy Fincantieri Yachts

“Ottantacinque”, the concept of the latest-generation luxury mega yacht developed in partnership between Fincantieri Yachts and Pininfarina, introduced last year at the Monaco Yacht Show, won the prestigious annual award of the German Design Council in the category


Fair Trade Commission Approves Blohm+Voss Acquisition

Photo: Blohm+Voss

The German Fair Trade Commission has approved the acquisition of Hamburg shipyard Blohm+Voss GmbH by the Bremen-based, family-owned company Luerssen Maritime Beteiligungen GmbH & Co. KG, a specialty designer, manufacturer and repairer of yachts over 60 meters and military ships.  


Ulstein Enters the Yacht Market

Photo: Ulstein Verft

The Ulstein Group has secured an order to build its first vessel within the yacht segment: Ulstein Verft has signed a contract to build a yacht for a private owner, one of the world’s biggest ship owners.    "The customer wants the characteristic X-BOW from ULSTEIN


Yacht Sinks after Crash with a Lobster Boat

U.S. Coast Guard photo

A yacht and a commercial fishing vessel collided Tuesday about 10 miles east of Block Island, Rhode Island. No injuries have been reported.   The 40-foot lobster boat, Squeeze Play, manned by a two-man crew, was struck by the yacht Lucia, which had four people aboard


DNV GL to Class Endeavor Expedition Yachts

Image: MV WERFTEN

MV WERFTEN said it has contracted DNV GL for the classification of the Endeavor-class vessels.   The contract includes three 20,000 GT mega yachts, which will be three of the first passenger ships to be classified according to the new DNV GL rules.  


Vancouver Shipyards Appoints Tinto as VP

Tony Tinto (Photo: Seaspan Vancouver Shipyards)

Seaspan’s Vancouver Shipyards has announced the appointment of Tony Tinto to Vice President, Planning & Estimating.   Tinto joined Vancouver Shipyards (VSY) in 2006 as a Project Manager, before moving over to affiliate company Vancouver Drydock in 2007 in a similar


DMA Makes Pleasure Boat Rental Easier

Pic: Danish Maritime Authority

 Now, it becomes easier for private persons to hire out or share their pleasure boats.    The Danish Maritime Authority (DMA) has revised its regulations on pleasure boats so that they are now simpler if you want to hire out or share your pleasure boat with others


Yacht Charter Market to Cross USD 50bln by 2020

Image: RYA - Royal Yachting Association

 Yacht charter market is set to grow at a compound annual growth rate (CAGR) of 6.5% through 2020, says Future Market Insights in its research report.   Yacht charter market revenues were estimated at US$ 37 billion in 2015, and by 2020


Yacht Industry to Reach $51bln by 2020

Image: Sanlorenzo SPA

 In 2014, the global yacht charter market was valued at USD 35 billion and is projected to reach USD 51 billion by 2020, growing at a CAGR of 6.5% during the forecast period, according to Market Report.   Region wise, Eastern Europe is expected to see the largest growth of 7






 
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