Equipment gives backbone

Article Abstract:

Norway's marine equipment industry is experiencing phenomenal growth. The country's marine equipment companies are building new facilities and forging strategic alliances that enable them to increase their competitiveness and expand their overseas markets. These companies, which include Ulstein Propeller AS and Kvaerner Ships Equipment, have established business ties with Norway's telecommunication industry to provide their customers with better navigational assistance.

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Demand increases for floating production

Article Abstract:

The sharp increase in the number of offshore oil and gas exploration activities is expected to fuel the growth of companies involved in the construction of mobile production units (MPUs). Although MPUs account for only three percent of global offshore production, analysts believe that the demand for such equipment will continue to rise as oil and gas companies step up their production. They also forecast the same trend for floating storage units.

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Bigger and more sophisticated

Article Abstract:

The new generation of dredgers are larger and have a new level of technical sophistication. Thes e technical innovations include dynamic postioning and tracking systems and dredge track presentation systems.

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