Nov
25
Dynamic Positioning Market Expected to reach $1.48 Billion
A report released by MarketsandMarkets on November 20, 2015 shows that the dynamic positioning market is expected to reach $1.48 billion, with a 4.36% compound annual growth rate, by 2020. This report will be welcome news to DPOs in the oil industry concerned about job security as the price of crude oil remains depressed. According to the report, deep-sea excavations and increased trade with the Asia-Pacific and African regions are behind the expected growth. The growth also will be driven by an increase in demand for merchant vessels, such as shuttle tankers, container vessels, and bulk carriers, following a 78% expansion of the worldwide merchant fleet between 2004 and 2013, during which time bulk carriers and container ship tonnage multiplied. If you’re interested in reading more, sample pages of the report can be obtained at no cost here: http://www.marketsandmarkets.com/pdfdownload.asp?id=44881766&utm_source=Whatech&utm_medium=Referral&utm_campaign=PaidPR#whatech.com/109155
