Tim Schweikert, GE Marine Solutions

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Technology Can Turn Around Shipping's Prospects

By Tim Schweikert, GE Marine Solutions 2017-01-30 13:50:49

The start of every year calls for time to reflect on the last. The offshore and marine industry can look back on 2016 as one of the most bruising in recent memory. The downturn has been tough and drawn out, with increased divestment, more stringent environmental regulations and a prolonged shipbuilding cycle that has resulted in overcapacity. However, challenges can be harnessed as a force for progress. The downcycle has pushed the industry to reshape its competitive landscape, probably a...

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