Fast pace of development challenges DP sectorTaken from: Offshore Support Journal September 2012
Most, but by no means all, work done by vessels in dynamic positioning (DP) mode is oil- related, the driving force in the offshore oil and gas market being the price of crude, which is influenced by many factors. In recent months, the oil price has been high, exploration and production budgets have increased, and demand for DP vessels has risen.
As Joe Farrell-Dillon, marine engineering manager at Global Maritime Consultancy, noted in a presentation at Riviera Maritime Media’s European D....Please login to read the rest of this story
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