Increase in the range of applications along with the advancement of dynamic positioning (DP) technologies is fueling the growth in the dynamic positioning system market. Dynamic positioning system is a computer controlled system which automatically controls a vessel’s position and heading completely by means of its own thrust, rudders and propellers. Generally, this systems are designed to meet classification rules based on guidelines issued by the international maritime organization. ... Read more

Dynamic Positioning System Market is expected to grow at a CAGR of 4.2% during the next five years, according to a newly added report by Stratview Research. Increase in the number of offshore patrol vessels, technological progressions, and expansion in oil & gas refineries are the major factors expected to underpin the growth of the global dynamic positioning system market during the forecast ... Read more