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What is dynamic positioning?

What is dynamic positioning?

Dynamic positioning (“DP”) is a computer-controlled system that enables a vessel to automatically maintain its position and heading by using sophisticated positioning systems and other sensors, as well as its own propellers and thrusters. Because DP facilitates work in deeper waters than vessels using traditional positioning systems such as anchors or jack ups, its use is widespread in the offshore oil and gas, renewable energy, cable-lay, and related industries. It is increasingly being used in the cruise industry and in new-builds throughout the maritime industry. Vessels that rely on DP systems require the skills of specially trained dynamic positioning operators (“DPOs”). Market research predicts that the global DP systems market will reach $1.48 billion by 2020, growing at an annual rate of 4.36%.