Albatross Drydocking Consultants Research the GCC Dry Docking Market
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Forecasters expect global demand for oil to steadily increase throughout 2010. Furthermore, forecasters predict continued increases in oil production throughout this year and beyond. Additionally, production is forecasted to increase within the nations of the Cooperation Council for the Arab States of the Gulf, also known as the Gulf Cooperation Council (GCC), the world’s wealthiest oil producing region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Strategically located within the Persian Gulf, these countries play a critical role in the distribution of oil and other internationally shipped products. Given the increase in demand and oil prices, there has been a sharp increase in tankers, ships and vessels serving the GCC region. These factors have directly contributed to the increased need for new dry docks with the ability to offer high quality ship repair services throughout the region.
Albatross Drydocking Consultants, a multinational firm headquartered within Hong Kong with clients in both the United States and Asia, is conducting deep market research within the GCC region through their regional office in Bahrain. This research is focused on ascertaining possible dry docking opportunities throughout the GCC region. Feasibility studies are being conducted on behalf of various American and Asian companies interested in penetrating and investing in the emerging GCC dry docking market. While the increased presence of oil shipments will be a major focus of dry docking services, increased international shipping and trade vessels in the region provide more opportunities for dry docking and ship repair services.
With this market research and various feasibility studies, Albatross Drydocking Consultants has strategically enhanced their current position within the region. Their highly qualified superintendents have a vast knowledge of the local marine market to provide their clients with efficient dry docking and vessel repair services.
Albatross Drydocking Consultants manages multiple facets of the dry docking process including: selecting the correct dry dock to meet a vessels unique requirements, developing a dry docking plan that efficiently meets the vessel’s needs, coordinating with manufacturers or suppliers to procure required parts for the vessel repair, negotiating and coordinating quotes for vessel repair with outside contractors and service providers, coordinating and advising all facets of the repair process, updating the vessel superintendent or head office of progress and procure required repair approvals as necessary, monitoring the repair process to ensure quality and safety measures are met, arranging class surveyors attendance to obtain proper certifications and approvals as required, and providing liability advice in the unlikely event of human errors.
As the global demand for oil increases and the countries within the GCC region produce and distribute oil to meet the increased demand, Albatross Drydocking Consultants expects an increase in the dry docking market within the countries of the GCC for the foreseeable future. Given these expectations, Albatross Drydocking Consultants has positioned themselves within the region to meet the increased demand for dry docking specialists within the region.
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