Sea Technology

FEB 2018

The industry's recognized authority for design, engineering and application of equipment and services in the global ocean community

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Page 9 of 52 February 2018 | ST 9 soundings )) US Coast Guard to Launch Arctic Satellites. Two small satellites, scheduled for launch mid-2018, will provide the U.S. Coast Guard with the opportunity to test the effectiveness of satellite communications in supporting Arctic search and rescue missions. These satellites, or cubesats, are capable of detecting transmissions from emergency position in- dicating radio beacons (EPIRBs), which are carried on board vessels to broadcast their position if in distress. The Coast Guard will deploy the cubesats in cooperation with the Department of Homeland Security Science and Technology Directorate's Polar Scout program, the Air Force Operationally Responsive Space Office and NOAA. Each Polar Scout cubesat will pass over the North Pole every 90 to 100 minutes and will be able to detect EPIRB signals from vessels in the Arctic for about 12 minutes on each orbit. The cubesats will circle the Earth 15 or 16 times a day, providing more than three hours of search and rescue coverage in the Arctic daily. )) Marine Cable, Connector Market Highly Competitive, Growing. The global market for marine cables and con- nectors features a largely fragmented vendor landscape, according to a new report by Transparency Market. In 2016, more than half of the market was held collectively by 10 companies. The intensity of competition is likely to remain high owing to the presence of many companies. To grow, companies could benefit from increased focus on strategic collaborations and innovative marketing strategies, with the view of expanding in emerging markets. The global marine cables and connectors market will exhibit a promising CAGR of 5.3 percent from 2017 to 2025 and rise to $14,081.3 million by 2025 from an estimated valuation of $8,869.8 million in 2015. The market was dominated by Europe in 2016 due to the growing demand for energy-efficient and reliable fiber-optic cables with enhanced performance. The rise in investments by government and telecommunication companies to increase connectivity, the growing demand for higher bandwidth for data transmission, and substantial investments by the defense sector are anticipated to drive the growth in the global marine cables and connectors market. )) Coastal City Aims for Marine Leadership in China. The municipal government of Qingdao, a city located along the east coast of China in Shandong province, has issued new criteria for the development of its marine economy, with the goal of becoming the leader in the transformation of the country's maritime economy, as well as serving as a model for other coastal cities and regions. Qingdao proposes to speed up the conversion of the economic model through the launch of 44 demonstration projects that showcase innovation in an ocean-based economy. The city plans to achieve a number of goals by 2020, including attaining an average annual growth rate of gross marine product (GMP) exceeding 10 percent; developing a GMP that accounts for more than 30 percent of the city's GDP; and attaining a production value in emerging strategic marine industries that exceeds approximately $15 billion and grows by 15 percent annually on average. Qingdao plans to aggressively expand the breadth and scope of the city's industrial portfolio with a focus on innovative marine-based drugs, biomedical materials, functional foods and biological products for agricultural use while speeding up construction of an end-to-end emerging marine industry chain and enhancing the industry's competitiveness. Three designated areas in and around Qingdao—China Blue Valley, Qingdao West Coast New Area and Hongdao Economic Zone—will serve as a composite national demon- stration area for marine economic development. )) Financial Institution Joins Marine LNG Coalition. SEA\LNG, the multisector industry coalition aiming to acceler- ate the widespread adoption of liquefied natural gas as a marine fuel, announced the addition of the first financial institution to the coalition: Société Générale, whose commitment to financing alternative solutions that support the development of green maritime transport is demonstrated by its pioneering involvement in the first transaction for the European Union's recently instituted Green Shipping Guarantee program. Société Générale acted as the sole mandated lead arranger, lease investor, facility and security agent, hedge provider and lender in a French lease financing of the first LNG-powered ferry to be commissioned by Brittany Ferries, with a funded guarantee from the European Investment Bank. )) Tech Development for Live 3D Subsea Data. Rovco has secured Innovate UK funding to develop a cutting-edge 3D visualization system as part of a two-part artificial intelligence (AI) demonstrator project. Working in partner- ship with the Offshore Renewable Energy (ORE) Catapult, the first phase of the project will see Rovco develop the equipment and software required to produce live 3D data from challenging and extreme subsea environments. The technology will be trialed and tested at ORE Catapult's renewable energy test facility in Blyth. Phase two will include the development of a complete 3D vision-based survey solution using AI. The technology could reduce offshore inspection costs by up to 80 percent and could revolutionize the way energy companies manage and inspect their subsea assets, potentially saving hundreds of millions of pounds in offshore inspection costs each year. The first phase of the project will be 70 percent supported by Innovate UK, and the remaining 30 percent will be funded by Rovco. Phase two is expected to be further backed by Innovate UK once technical feasibility is proven. ORE Catapult will provide access to its marine energy testing facilities and assist in the delivery of project outputs to end-users. ST

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