The offshore market is serving different type of major trade area of the world such as oil, construction industry, electricity of cities, and raw materials for world extended commerce markets. That’s why global trade changes, financial situations, world’s trends generally affect offshore market directly. The closest example is the continuously reduced oil prices and that causes tough times in offshore industry.
While the oil crisis was tried to dampen its impact on the entire world, the world also was worrying about global warming and trying to ensure a sustainable outcome. Global companies stepped up to have clean energy investments especially in wind area. Offshore wind segment which started in Vindeby, Denmark in 1991 was growing at the same time.
The turbine numbers according to WindEurope which are the association of wind energy in Europe and U.S The Department of Energy (DOE) tell us how the market is growing fast in the last times. Momentum may not same every year but growth is going on and this growing provided new business opportunities as chartering and vessel newbuilding.
With expanded offshore windfarm market, required vessels for installation & construction, service, and maintenance are having the growing market as well. These parts need different type of marine vessels; jack-up, heavy lift vessel, W2W vessel, windfarm service and support vessel for turbines and sub-stations, cable layer, crew supply vessel, multipurpose vessel and accommodation/crane vessel, etc. in order to build new windfarms, service & support current areas or re-install the old ones.
The required vessels are combining with new trend technologies of energy saving, reduced emission and safer working area onboard solutions. Everyday electricity unit price is reducing thanks to expanded windfarms, but also this price reduction forces the companies and builders to try to reduce operational costs continuously additional to clean energy effort as global. Reducing the operation cost and NOX emission means that technology has to evolve for lessen fuel consumption with maximum efficiency and energy recovery solutions which provide to need minimum power requirement.
According to end-user’s demands, the vessels can be newbuilding based on tailor-made solutions with new rules, requirements and technologies or conversion into wind turbine service / supply vessels with minor or major modifications. Researches and future windfarm power goals show us these newbuilding or modified vessels to be required at least in further 10 years which is the common number in chartering segments. The direction of increases in new vessels operated in offshore windfarms also may change initial costs and starting time of the huge projects with a positive impact as well. In other words, the increase in the construction of offshore vessels may increase wind activities as a win-win situation.
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