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Dutch maritime technology sector reports cautious progress

Activity in the Dutch maritime technology sector, increased slightly in 2018. Total turnover rose to €7.3 billion, about €400 million more than 2017. The total employment was 29,072 FTEs, which marks an expansion of about 4% compared to 2017. Bas Ort, chair of the trade association Netherlands Maritime Technology (NMT), noted that many new orders were received and ships completed in the Netherlands during 2018.

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First door for the new sea lock arrived in IJmuiden

On January 20, the first out of three doors of the new sea lock arrived in IJmuiden, as Port of Amsterdam stated in its press release. The door was transmitted to its final destination by a tugboat across the North Sea. With a stopover on the Second Maasvlakte, the door has covered more than 26,000 km between South Korea and IJmuiden. The transport over the last 80 km took 30 hours and went smoothly.

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WoodMac: North Sea exploration returns to increase in 2019

According to Wood Mackenzie, five themes will dominate the market in 2019, including the comeback of North Sea exploration and, although the deal spend will slow, it will remain the seller’s market. WoodMac also sees an increase in development expenditure in 2019 but production will remain flat. In the end, companies with the lowest-cost projects will be the winners this year.

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