Next-generation wind turbines go beyond legacy lifting capabilities

Growth in size of offshore wind turbines drives need for larger lifting capacities. Using data produced by MSI, forecasting the total number of offshore wind projects to be installed per year, for both fixed and floating foundation windfarms, UK-based HLP believes project developers will struggle to meet demand, based on current logistics practices and equipment provision. Read more at Riviera

Shipyard capacity expected to expand amid push for dual-fuel orders

Demand for alternative fuel newbuildings will spur expansion of shipbuilding capacity, including bringing some of the collapsed yards back to life. But the boom seen in the 2000s, which later led to severe overcapacity problems, is unlikely to be repeated. The bounceback will mainly be led by demand for fresh tonnage using alternative marine fuels, especially those in the dry bulker and tanker sectors, said MSI managing director Adam Kent during a Sea Asia shipbuilding outlook seminar. Read more at Lloydslist

Shipyards build up to the challenge of launching a zero-emission fleet

A huge part of the world fleet will have to be replaced with zero-emission vessels in little more than two decades if regulators set a goal of decarbonising shipping by 2050. “Based on the evidence to date, it seems likely that most shipyards will make the step up in capability to meet demand for new green technologies, especially as the technology matures and becomes commodified,” says MSI director Stuart Nicoll. Read more at TradeWinds

Slow steaming can partially offset newbuilding surge, says consultant

Any recovery in the container shipping market will be overwhelmed by the flood of new vessels entering the market, according to maritime consultancy MSI. “On average larger vessels have seen average speeds drop by around 1 knot between mid-2022 and Q1 23, which if maintained would represent a meaningful reduction in effective vessel supply,” said MSI. Read more at The Loadstar