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Yacht Charter Market is Expected to be Worth US$25.53 Bn by 2027, Surging at a Healthy CAGR of 22.85% : Fairfield Market Research – Yahoo Finance

Posted on July 8, 2022 by Danzig

Fairfield Consultancy Services OPC Pvt Ltd

London, July 05, 2022 (GLOBE NEWSWIRE) -- Fairfield Market Research states that the global yacht charter market is expected to surge at phenomenal CAGR of 22.85% between the forecast of 2021 and 2027. The idea of revenge travel as vaccines reach the masses is expected to give the market a boost. Analysts anticipate that the global yacht charter market will reach US$25.53 Bn by 2027 as end users look forward to travelling as lockdowns ease.

Key Highlights of Global Yacht Charter Market:

The motor yacht charter segment is expected to lead with a CAGR of 24.89% by 2027

Europe to remain ahead as region has increasing number of high-net-worth individuals (HNWI)

Luxury yachts to trend bigger during the forecast period as the demand for entertainment aboard vessels spikes amongst millennials

Water sports to solidify the demand for yacht charters giving the global market an impetus

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Rising Disposable Incomes and Increased Spending Capacities Drive Global Yacht Charter Market

Prior to the pandemic, the global yacht charter market thrived as ideas of vacations changed drastically amongst the youth. Sailing to private islands or nearby islands to vacation in isolated spots became a sought-after getaway idea amongst the younger demographic before the pandemic. As nations declared lockdowns to prevent spread of coronavirus, yacht charters served those who could afford vacations and getaway to local islands, helping the market retain a steady flow of income throughout the pandemic.

As the pandemic recedes, the global yacht charter market is expected to thrive with revenge travel. Improved savings for the salaried class, vaccine rollouts, ability to work from anywhere, and need to break free from more than a year long lockdown is expected to bode well for the global yacht charter market.

Efficiency of Motor Yachts to Surpass Others

The demand for motorised yachts is expected to surpass sailing yachts. This demand will be driven by the sheer efficiency of motor yachts that allows the end users to achieve a good pace to cover larger distances. It also allows convenient manoeuvres, giving the tourists a better control in choppy conditions. The use of motorised yachts is expected also pick up in sailing boats.

Story continues

Some of the key operating players in the global yacht charter market are Charter Yachts Australia, Dream Yacht Charter, Boatbound Inc., Fraser Yacht, Mertello Fairline Yacht, Thai Charters, and CharterWorld LLP.

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REPORT SCOPE & SEGMENTATION:

REPORT FEATURES

DETAILS

Yacht Type Coverage

Yacht Sub Type Coverage

Yacht Size Coverage

Yacht Usage Coverage

Geographical Coverage

North America

Europe

Asia Pacific

Rest of the World (RoW)

Leading Companies

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, BREXIT Impact Analysis, Electrification, Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain), Key Trends

Table of Contents:

1. Executive Summary 1.1. Global Yacht Charter Market : Snapshot 1.2. Future Projections, 2018 - 2027, (US$ Mn) 1.3. Key Segment Analysis and Competitive Insights 1.4. Premium Insights

2. Yacht Charter Market Outlook 2.1. Market Definitions and Segmentation 2.2. Market Dynamics 2.2.1. Driver 2.2.2. Restraint 2.2.3. Industry Challenges & Opportunities 2.3. Market Forces Analysis 2.3.1. Value Chain Analysis 2.3.2. Porters Five Forces Analysis 2.3.3. SWOT Analysis 2.4. Impact Analysis 2.4.1. Pre and Post Covid-19 Analysis 2.4.2. Economic Indicators (GDP Per Capita, BREXIT Analysis, etc.) 2.4.3. Electrification 2.4.4. Parent Industry Trends

3. Global Yacht Charter Market Outlook, 2017 - 2026 3.1. Global Yacht Charter Market Value Forecast, By Yacht Type, 2018 - 2028, (US$ Mn) 3.1.1. Key Highlights 3.1.1.1. Market Growth & Projections (Y-o-Y) 3.1.1.2. Market Share Analysis, By Yacht Type, 2019 & 2027 3.1.2. Sailing 3.1.3. Motor 3.1.4. Catamaran 3.1.5. Market Attractiveness Analysis, By Yacht Type 3.2. Global Yacht Charter Market Value Forecast, By Yacht Sub - Type, 2018 - 2028, (US$ Mn) 3.2.1. Key Highlights 3.2.1.1. Market Growth & Projections (Y-o-Y) 3.2.1.2. Market Share Analysis, By Yacht Sub - Type, 2019 & 2027 3.2.2. Classic 3.2.3. Open 3.2.4. Large 3.2.5. Market Attractiveness Analysis, By Yacht Sub - Type 3.3. Global Yacht Charter Market Value Forecast, By Yacht Size, 2018 - 2028, (US$ Mn) 3.3.1. Key Highlights 3.3.1.1. Market Growth & Projections (Y-o-Y) 3.3.1.2. Market Share Analysis, By Yacht Size, 2019 & 2027 3.3.2. Small 3.3.3. Medium 3.3.4. Large 3.3.5. Market Attractiveness Analysis, By Yacht Size 3.4. Global Yacht Charter Market Value Forecast, By Usage, 2018 - 2028, (US$ Mn) 3.4.1. Key Highlights 3.4.1.1. Market Growth & Projections (Y-o-Y) 3.4.1.2. Market Share Analysis, By Usage, 2019 & 2027 3.4.2. Corporate 3.4.3. Retail 3.4.4. Others 3.4.5. Market Attractiveness Analysis, by Usage 3.5. Global Yacht Charter Market Outlook, by Region, (US$ Mn), 2017 - 2026 3.5.1. Key Highlights 3.5.1.1. Market Growth & Projections (Y-o-Y) 3.5.1.2. Market Share Analysis, By Region, 2019 & 2027 3.5.1.3. North America 3.5.1.4. Europe 3.5.1.5. Asia Pacific 3.5.1.6. Latin America 3.5.1.7. Middle East & Africa 3.5.2. Global Market Attractiveness Analysis, by Region

TOC Continued!

About UsFairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

ContactFairfield Market Research London, UKUK +44 (0)20 30025888 USA (Toll-free) +1 (844) 3829746Web: https://www.fairfieldmarketresearch.com/ Email: sales@fairfieldmarketresearch.com

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Yacht Charter Market is Expected to be Worth US$25.53 Bn by 2027, Surging at a Healthy CAGR of 22.85% : Fairfield Market Research - Yahoo Finance

Preview of Disney Cruises in 2023 – Cruise Blog

Posted on July 8, 2022 by Danzig

With five ships in service for the first time ever, the Disney Cruise Line has lots of itinerary options for 2023. Bookings are currently open through summer of 2023, and with this schedule, youll find some new itineraries and ports to experience.

Disneys newest ship, the Disney Wish, will have its first full year of service in 2023. The Disney Wish will be sailing out of Port Canaveral, Florida. Like the other Disney Cruises departing a Florida port, these sailings will also stop at Disneys private island in the Caribbean, Castaway Cay.

The Disney Dream recently departed its original home port of Port Canaveral to make room for the brand-new Disney Wish. Its now offering cruises departing out of Miami, and will start out 2023 by offering four and five night cruises to the Bahamas, the Eastern Caribbean and the Western Caribbean.

Stops on these trips will include Nassau, Grand Cayman, Tortola, St. Thomas, Cozumel, Falmouth, and Castaway Cay (varying depending on the specific itinerary). Some of these sailings will be Marvel Day at Sea cruises, a special themed experience offered on select dates.

In the spring, the ship will move to Europe for the first time ever, staying there until early fall. These itineraries will run from four to eleven nights. Home ports in late spring, early summer will include Barcelona and Rome, while destinations on these itineraries will include ports in France, Italy, and Spain. There will also be one seven-night sailing through the Greek Isles.

Later in the summer, the ship will move to Southampton England, where several different itinerary options will be offered. These include a four-night trip to Spain, a seven-night British Isles cruise, a four-night trip to France, and a seven-night Northern Europe and Norwegian Fjords Cruise.

The brand-new Disney Wish will, like the Disney Dream before it, be based out of Port Canaveral, Florida. In 2023, it will offer three and four night itineraries to Nassau, Bahamas, and Castaway Cay, Disneys private island.

These shorter sailings are a great way to experience the new ship without a long commitment, and will also be the perfect option for a Disney Land and Sea trip.

In 2023, the Disney Fantasy will continue to be based out of Port Canaveral, Florida, offering sailings to the Eastern and Western Caribbean. These sailings will range from six to ten days, with stops at various Caribbean ports including Cozumel, Grand Cayman, Costa Maya, Tortola, St. Thomas, St. Maarten, San Juan, Nassau, and Falmouth. Specific ports of call vary by itinerary.

There is also a ten-day Southern Caribbean trip offered in July 2023. This sailing will include stops at Oranjestad, Aruba, Kralendijk, Bonaire, St. John's, Antigua, St. Thomas, U.S. Virgin Islands, and Disney Castaway Cay.

Two eight-night sailings, in April 2023 and September 2023, will travel from Port Canaveral to Kings Wharf Bermuda. There, it will spend two days so guests can enjoy more time in Bermuda.

The Disney Fantasy will also be offering the brand-new Pixar Day at Sea themed cruises. There are nine date options, all on seven night Eastern and Western Caribbean itineraries. These sailings will include special character encounters, Pixar-themed entertainment, themed dining, and more.

The Disney Magic will be traveling around the southern part of the United States in the first half of 2023. It will start 2023 in Galveston, Texas, for itineraries ranging from four to seven nights. These sailings go to various locations (based on itinerary), including Cozumel, Mexico, Progresso, Mexico, and George Town, Grand Cayman.

Next, in February and March, the ship will move to New Orleans. The itineraries from New Orleans include four, five, and six night sailings to locations such as Cozumel, Progresso, and George Town, depending on the itinerary.

For the summer, the Magic returns to Miami for Bahamian, Eastern Caribbean, and Western Caribbean itineraries. It starts in May with a four-night, one-way repositioning cruise departing from San Juan Puerto Rico, and traveling to St. Thomas and Castaway Cay before ending up in Miami. Ports of call on the Miami Disney Magic itineraries vary and may include Nassau, Cozumel, Grand Cayman, and Castaway Cay.

The Disney Wonder will start 2023 on the West Coast of the United States. In the beginning of the year, it will sail from San Diego on 3, 4, and 5 night Baja cruises, as well as several sailings to the Mexican Riviera. A one-way repositioning cruise in mid-May will go to Victoria, British Columbia before ending up in Vancouver for the summer.

From mid-May through September, the Disney Wonder will be sailing from Vancouver to Alaska. These itineraries range from five to nine nights and visit popular Alaskan ports.

With the addition of the Disney Wish, the Disney Cruise Line will have more options in 2023 than ever before. Regardless of the type of experience guests want to have, there is likely a great option.

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Preview of Disney Cruises in 2023 - Cruise Blog

Forsaking the Ferry: Five Island Destinations for Pilots – FLYING Magazine – FLYING

Posted on July 8, 2022 by Danzig

One of the best things about flying small aircraft is the ease of access they afford to desirable places that are otherwise difficult to reach. Island destinations are a classic example.

Typically they require earthbound travelers to drive their cars onto ferries whose schedules and capacities often are limited. They also tend to be slow and time-consuming compared with other modes of travel. Even if you book faster passage with an air taxi service, you are still beholden to someone elses timetable. Making the trip in ones own airplane gives the sense of control that is lost in most other forms of travel.

Below are some of the islands at the top of our wish lists that have general aviation airports and lots to do once you get there.

Northeasterners know that even if you live in Massachusetts it can take all day to get to Marthas Vineyardunless you fly there. And while the well-known island hopping airline Cape Air and several charter operators can get you to this vacation hotspot quickly, landing on the vineyard in your own airplane feels like the ultimate expression of freedom. The island also offers a diversity of airports including the towered Vineyard Haven (KMVY), Katama Airpark (1B2) in Edgartown, with three turf strips, and Trade Wind (MA44), a private (permission required) grass strip in Oak Bluffs run by the Marthas Vineyard Land Bank Commission.

Maine has a vast collection of interesting airfields, from numerous private turf and gravel strips as short as 1,000 feet to the deactivated Loring Air Force Base with a runway 12,000 feet long and 300 feet wide. You can still land at Loring (ME16) if you get permission in advance. Islesboros modest tree-lined runway does not detract much from the sense of being pleasantly lost in time when visiting the island. In many ways the place seems to have changed little since the 1600s when European traders and explorers traversed the area. Yes, you will see modern cars and boats, but there are miles of quiet, wooded hiking trails that help visitors forget the trappings of civilization.

Beaver Island in Lake Michigan has long been a destination for outdoor enthusiasts. From fishing and hunting to boating, bicycling, hiking, and camping, there is much to take in on this remote spot. Local companies rent bikes, kayaks, and other outdoor gear while guides lead island tours. Visitors can check out the Toy Museum, Marine Museum, and the Mormon Print Shop Museum, which followers of religious leader James Jesse Strang built in 1850 as the communitys print shop. Visitors can also climb the 46-foot Beaver Head Lighthouse, which was built in 1856 and was active until 1962, when it was decommissioned.

This island in the Outer Banks region was long known as a rustic, minimal spot that did not receive telephone service until 1956 or establish a public water system until 1977. But its natural, untouched, and unfussy style is a big part of the appeal. There is plenty to see and do here and lots of history worth noting. One of its most interesting stories involves the Ocracoke Banker Ponies, a herd that descended from Spanish mustangs who survived a shipwreck hundreds of years ago and have occupied the island ever since. For most of that time they ran free but now live in an enclosed 188-acre area under National Park Service care.

There is a lot going on at Friday Harbor, often called the gateway to the San Juan Islands, from farmers markets and film festivals to shops and sightseeing. There are many restaurants serving locally produced food and venues for the arts, including the San Juan Islands Museum of Art, which holds quarterly exhibitions of visual art from around the world. The waterfront is a popular destination for its shops and food, and as the departure point for whale-watching tours. Orcas, Dalls porpoise, humpback whales, minke whales, sea lions, and harbor seals are known to frequent the waters around the island.

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Forsaking the Ferry: Five Island Destinations for Pilots - FLYING Magazine - FLYING

Sui Generis Villa: An Elegant Luxury Retreat on Kefalonia, One of the Most Beautiful Ionian Islands | GTP Headlines – GTP Headlines

Posted on July 8, 2022 by Danzig

For travelers who seek for diversified experiences, magnificent views of the Ionian Sea and the National Park of Mount Aenos, combined with elegance and luxury, Sui Generis Villa on Kefalonia, the largest and one of the most beautiful of Greeces Ionian Islands, is the first destination that comes to mind.

Located on a hill above Pessada cove, Sui Generis Villa, which is inspired by the Latin phrase Sui Generis meaning unique, offers magnificent views of the Ionian Sea. This property, which was recently included in Aria Hotels portfolio, has privacy in a secluded location with uninterrupted sea view in Pessada, a village on the southern side of Kefalonia, just 15 minutes drive from the islands capital, Argostoli, and close to nearby beaches.

For that reason, the property is the ideal choice for those who are willing to enjoy virgin mountains, turquoise and cerulean blue waters lapping up against white pebble beaches, and pine-scented limestone mountains slashed by lush, and green fertile valleys.

The two-level villa, in line with the Aria Hotels philosophy of authentic Greek hospitality, is defined by a first-class quality of design and natural materials, such as stone and wood. The unique design, in combination with the unprecedented luxury of Sui Generis Villa, create the ultimate holiday experience for groups of friends, couples and families up to 6 members. The interior offers three bedrooms with private bathrooms, including a master bedroom with free-standing bathtub and walk-in shower, a steam bath (Turkish bath), kitchen, living and dining area facilities.

The guests of the villa will be able to enjoy the infinity pool with built-in floating lounge and fireplace, which are placed in the extensive garden around the villa, the private parking, as well as the BBQ facilities.

Moreover, for visitors who are willing to execute a private social event, Sui Generis Villa is the ideal choice, as Aria Hotels tailor-made services will meet each expectation.

For those who seek for diversified experiences and have several things to see during their stay, Fiskardo is unquestionably Kefalonias prettiest village and the only settlement to have retained its 18th-century Venetian-style architecture before the earthquake.

Assos village, the lighthouse of Saint Theodoroi, the Monastery of Agios Gerasimos, the monastery of Kipoureon, the Castle of Saint George, Lixouri village, and the Potistis Waterfalls are just a few of the many places you may visit.

Aria Hotels, the family-owned boutique hotel and villas company, has radically expanded its carefully curated portfolio of hotels, villas and residencies and has now approached 50 properties on 13 island and mainland resorts across Greece.

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Sui Generis Villa: An Elegant Luxury Retreat on Kefalonia, One of the Most Beautiful Ionian Islands | GTP Headlines - GTP Headlines

Kate and William ‘itching’ to return to beloved location with George, Charlotte and Louis – Express

Posted on July 8, 2022 by Danzig

The Cambridges visited the Scilly Isles last year and usually head to Balmoral during the summer to spend time with the Queen. Royal expert Ingrid Seward said this year the family will also want to return to a more exotic location.

She said: "They usually go up to Balmoral to spend time with the Queen and the rest of the family for a while and, this year, I think they will also go abroad for a short time, probably to Mustique, because William and Kate will want a change of scenery."

Ms Seward continued: "William and Kate havent been abroad much with the kids in recent years, apart from a trip to Jordan in the autumn, so I think theyll be itching to get back to Mustique this year."

Mustique is a holiday hotspot for members of the Royal Family thanks to its privacy and opulent offering.

Princess Margaret was one of the first family members to fall in love with the Caribbean island with William and Kate having jetted off to the tropical destination since 2008.

The couple last visited the spot, between the islands of St Vincent and the Grenadines, in 2019 for Prince George's sixth birthday.

On that occasion the Cambridges stayed at Villa Antilles, which was developed by Andrew Dunn, a friend of Prince William.

A stay at this luxurious, four bedroom pad with butler, chef, housekeeper and gardener can set guests back as much as 27,000 a week, depending on the time of year.

The villa also boasts a private "powder room" for visitors.

READ MORE ABOUT GRANT SHAPPS BEING TIPPED FOR PM

"The Middletons are pretty helpful with all this and Carole organises the Mustique trips."

Mustique was well known for being Princess Margaret's second home.

The first time she visited the island paradise there was no electricity or running so the Queens sister would shower using a bucket with holes in, hung from a tree.

Her former lady-in-waiting Lady Anne Glenconner said Margaret loved it as it was all an adventure to her.

Margaret's own villa was completed in February 1972. It was named Les Jolies Eaux, which means beautiful waters, in honour of its sea-view.

Her whitewashed island home was a haven from her marriage to Antony Armstrong-Jones, which at that time was falling apart.

He disliked the place and reportedly described it as Margarets 'Mustake'.

It was on Mustique that Margaret carried out her affair with baronets son-turned-landscape gardener Roddy Llewellyn.

When they met in 1973 he was 26 while Margaret was 43.

Margaret's villa Les Jolies Eaux was sold in 1999 after she gifted it to her son David Armstrong-Jones.

The royal link to Mustique continues, however, with Kate and William having fallen in love with the secluded haven.

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Kate and William 'itching' to return to beloved location with George, Charlotte and Louis - Express

Secluded Beaches, a Private Chef, a Fleet of Boats: This New Lizard Island Property Is Off-the-Charts Luxe – Broadsheet

Posted on July 8, 2022 by Danzig

Lizard Island, off the coast of northern Queensland, has stunning beaches, calm turquoise waters and 1000 hectares of national park. Its only an hours flight from Cairns but the luxuriousness of the island makes it one of the most exclusive places to stay in Australia.

Now, after years of planning approvals and engaging top-end architects, the island has a new premium property that comes with a private chef, sommelier, masseuse and a fleet of boats. The House and the Cottage two adjoining properties that can be hired as one have opened their doors for bookings this month, offering private access to three beaches on the estate from $16,000 per night.

The properties are managed by the award-winning Lizard Island Resort, which is nearby (but far enough away) so guests can use its facilities including pools, tennis court, gym, restaurant and bars. Those staying at the House or the Cottage will receive chauffeured transfers between the accommodation and the resort whenever they like. But why would you leave?

The cheapest option is to hire the House for two people, for a minimum of three nights, for $16,000. The big-gun option is to stay at the House and the Cottage, which will set you back $28,000 per night for up to eight guests.

Its a hefty price tag, but that includes a private host wholl attend to your every request including facilitating tailor-made experiences like fishing trips or exploring the nearby islands via one of the propertys private boats. Guests get a private chef and a sommelier for all meals plus a bespoke team of experts, including a naturalist, a facialist, a massage therapist and yoga instructor to help you make the most of your stay. And, to ease you in, youll get return scenic charter flights from Cairns and transfers from Lizard Island Airport to the House by four-wheel drive or boat.

The building itself was designed first by architect Robert Riddel, then realised by architect James Davidson of JDA Co.. Riddel was engaged to draw up the plans in the 80s, but it took owner Steve Wilson 25 years to gain approval to complete the building and so Davidson took over the project after Riddel retired. The properties have been fitted out with artworks by Indigenous artists including Sue Pascoe and Fiona Omeenyo, a custom rug by Tibet Sydney, Bemboka bedding and serving ware by Mud Australia and Dinosaur Designs.

Every single piece chosen for the House has a sense of place, says Wilson in a statement. Much of the furniture was hand-built by a local craftsman, while other renowned international pieces stand as functioning works of art I wanted guests to be captivated but also not feel uncomfortable walking inside with sand on their feet.

Its $16,000 per night to stay at the House, which has a three-night minimum stay for two people. Its $28,000 per night to hire the House and Cottage for up to eight people. Bookings are open now.

thehouseatlizard.com@thehouseatlizard

Secluded Beaches, a Private Chef, a Fleet of Boats: This New Lizard Island Property Is Off-the-Charts Luxe - Broadsheet

Internet of Nano Things Market is Poised to Grow at a CAGR of 24.12% during the Forecast Period of 2022-2031 – Digital Journal

Posted on July 8, 2022 by Danzig

The Internet of Nano Things Market was valued at USD 9.90 billion in 2019 and is expected to reach USD 36.17 billion by 2025, at a CAGR of 24.12% over the forecast period 2022 2031. The internet of nano things is very much similar to the internet of technology in which the devices that are interconnected with IoNT are miniaturized.

The development of nano-machines with communication capabilities and interconnection with micro- and macro-devices will empower IoNT, which is being increasingly seen as the next major innovation in technology. These devices have dimensions ranging from 1 nm to 100 nm, and are interconnected with classical networks leading to new networking paradigms.

The increased government spending in the aerospace and defence sector is expected to drive the IoNT market for the forecast period as IoNT recently has found major applications in the fields of Nano-drones that could be used for monitoring and carrying explosives sufficient enough that penetrates the targeted subject.

The world economic forum in 2016, released the list of top 10 emerging technologies in which nano-sensors and nanotechnology were ranked first. As the integration of the nanotechnology in various industries increases, it would increase the dependence on IoT as a platform for nanodevices which would boost the IoNT market positively.

However huge capital investment required for the development of nanotechnology is a factor that could hinder the growth of the IoNT market.

Scope of the Report

The Interconnection of nanoscale devices with existing communication networks and ultimately the Internet defines a new networking paradigm called Internet of Nano-Things. This report segments the market by Device (Nano Cameras, Nano Phones, Nanosensors, Nano Processors, Nano-Memory Cards, Nano Power Systems, Nano-Antennas, Nano Transceivers), End-user (Healthcare, Logistics, Media & Entertainment, Telecom & IT, Defense & Aerospace, Manufacturing, Energy & Power, Retail), and Geography.

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Key Market Trends

Healthcare Industry is Expected to Hold a Significant Share

The expectations of a better quality of life coupled with the aging population and the changing lifestyles have resulted in an increase in demand for more efficient and affordable and improved healthcare.

For instance, Cambridge University nanotech researchers collaborated with a US insurer and other corporate players to explore the commercial potential of an intelligent lavatory that captures massive amount of key data in users urine which could then be used for the timely and effective delivery of the personalized medicines.

The development of nanomedicine which uses properties of a material developed on a nanoscale offering the potential to cross natural barriers and access new sites of delivery. This nanometric size allows interaction with the DNA or small proteins at different levels in the blood or within organs, tissues, and cells.

With advancements in the fields of nanotechnology has allowed in the detection of diseases in very minute amounts or in the initial stages. For instance, in April 2019, a pair of NJIT inventors Bharath Babu Nunna and Eon Soo Lee has been instrumental in developing nanotechnology enhanced biochip to detect cancers, malaria and viral diseases such as pneumonia early in their progression with a pinprick blood test.

With increased spending on healthcare by emerging and developed economies is expected to boost the investment in the fields of IoNT which would influence the market positively.

North-America is Expected to Hold the Largest Share

Various harmful diseases are proving to be a tremendous challenge for modern medicine. This, coupled with growing consumer health awareness in the region, means for more advanced technology. Nano medicine was introduced in this industry to overcome this hurdle since it offers a number of potential ways to improve medical diagnosis & therapy, even in regenerating tissues and organs.

Nanomaterials have been instrumental in improving a bodys acceptance of transplants, artificial bone materials, and other implanted medical devices. For instance, in 2016, the US Department of Health and Human Services invested USD 500 million for the development of medical devices containing nanomaterials.

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Various companies have been instrumental in developing devices that drastically helps the person to improve breathing especially for asthma and allergy sufferers. For instance, Molekuiles Air purifier that was developed by Dr. Goswami, the Director of the University of South Floridas Clean Energy Research Center uses brand new nanotechnology that is far superior to the HEPA air filters.

Competitive Landscape

The internet of nano things market is highly competitive and consists of several key players like Schneider Electric, IBM, Intel and many more. However, the market remains consolidated with many players trying to occupy the share. Their ability to continually innovate their products and services by investing significantly in research and development has allowed them to gain a competitive advantage over other players.

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Internet of Nano Things Market is Poised to Grow at a CAGR of 24.12% during the Forecast Period of 2022-2031 - Digital Journal

Nanomedicine in Central Nervous System Injury and Repair Market Share, Regional Growth Analysis, Upcoming Trends, Growth Factors and Leading…

Posted on July 8, 2022 by Danzig

A reliable Nanomedicine in Central Nervous System Injury and Repair Market report has been organized with the contributions from a group of specialists in view of definite market examination. This market report has bits of knowledge about market definition, orders, applications, and commitment. The business report additionally incorporates notable information, present market patterns, climate, mechanical advancement, impending advances, and the specialized advancement in the connected business. By considering heap of targets of the showcasing research, this report has been produced. A worldwide statistical surveying report displays significant item improvements and tracks late acquisitions, consolidations, and exploration in the business by the top market players.

At the point when a boundless market overview report is there in the image, organizations can accomplish definite market experiences with which acquiring commercial center plainly into the center turns out to be simple. This business report covers central participants methodologies that basically comprise of new item dispatches, extensions, arrangements, joint endeavors, organizations, acquisitions, and others that advance their impressions in the business. It additionally illuminates about the moving development and business approaches. With the top notch report, organizations can find out about how the market will act in the conjecture a long time with justifiable insights regarding market definition, orders, applications, and commitment.

The nanomedicine in central nervous system injury and repair market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 51,419.82 million by 2028 and grow at a CAGR of 9.91% in the above-mentioned forecast period. Increase in the prevalence of central nervous system diseases such as Parkinsons disease, senile dementia, Alzheimer disease, ocular diseases among others drives the nanomedicine in central nervous system injury and repair market.

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Major Players:-

The major players covered in the nanomedicine in central nervous system injury and repair market report are Abbott, Ablynx N.V, California Life Sciences Association, CELGENE CORPORATION, Teva Pharmaceutical Industries Limited, GENERAL ELECTRIC COMPANY, Merck Sharp & Dohme Corp (a subsidiary of Merck & Co., Inc), Pfizer Inc, Nanosphere Inc, Johnson & Johnson Private Limited and BD among other domestic and global players.

Competitive Landscape and Nanomedicine in Central Nervous System Injury and Repair Market Share Analysis

The nanomedicine in central nervous system injury and repair market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to nanomedicine in central nervous system injury and repair market.

Nanomedicine is defined as the nanotechnology which is used for treating, diagnosing, preventing diseases and traumatic injury, and to control of human biological systems using engineered nanodevices and nanostructures at the molecular level. Nanomedicine uses nano-tools that are 1000 times smaller than a cell for treatment of single cell and is also used in polymer therapeutics, regenerative medicine and targeted drug delivery.

Rise in the awareness related to nanomedicine applications is the vital factor escalating the market growth, also rise in thegovernmentfocus in terms of high funding for life science research and technological advancements in manufacturing process of nanomedicine, increase in the use of nanomedicine as probe or contrast agent in medical imaging techniques to extend the application of imaging and to improve the quality of images and rise in the healthcare expenditures are the major factors among others driving the nanomedicine in central nervous system injury and repair market. Moreover, rise in the technological advancements and modernization in the healthcare devices and rise in the risingresearch and developmentactivities in the healthcare sector will further create new opportunities for nanomedicine in central nervous system injury and repair market in the forecasted period of 2021-2028.

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However, high cost associated with nanomedicine based devices, rise in the stringent government regulations and increase in the risk of environment contamination due to release of toxic nanomaterials are the major factors among others which will obstruct the market growth, and will further challenge the growth of nanomedicine in central nervous system injury and repair market in the forecast period mentioned above.

This nanomedicine in central nervous system injury and repair market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nanomedicine in central nervous system injury and repair market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Nanomedicine in Central Nervous System Injury and Repair Market Scope and Market Size

The nanomedicine in central nervous system injury and repair market is segmented on the basis of product and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

The nanomedicine in central nervous system injury and repair market is also segmented on the basis ofapplicationinto clinical oncology, infectious diseases, clinical cardiology, orthopedics and others.

Nanomedicine in Central Nervous System Injury and Repair Market Country Level Analysis

The nanomedicine in central nervous system injury and repair market is analysed and market size insights and trends are provided by product and application as referenced above.

The countries covered in the nanomedicine in central nervous system injury and repair market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the nanomedicine in central nervous system injury and repair market due to rise in the presence of technologically advanced healthcare infrastructure in this region. Asia-Pacific is the expected region in terms of growth in nanomedicine in central nervous system injury and repair market due to rise in the awareness about nanomedicine and high prevalence of chronic diseases in countries in the region.

The country section of the nanomedicine in central nervous system injury and repair market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The nanomedicine in central nervous system injury and repair market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipments, installed base of different kind of products for nanomedicine in central nervous system injury and repair market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nanomedicine in central nervous system injury and repair market. The data is available for historic period 2010 to 2019.

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Nanomedicine in Central Nervous System Injury and Repair Market Share, Regional Growth Analysis, Upcoming Trends, Growth Factors and Leading...

Nanorobots Market to close to USD 19576.43 million with CAGR of 12.23% by 2029| Market Size, Growth, Supply, Demand and Analysis – Digital Journal

Posted on July 8, 2022 by Danzig

Nanorobots Marketare also utilised in the maintenance and assembly of complex systems. Nanorobotics widespread use in the medical field is also propelling market revenue growth. In individuals with sickness or weakened immunity, nanorobots can act as antiviral or antibody agents. In addition to cancer detection and treatment, the technique is also being employed in gene therapy.

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A nano robot is a new technology for designing, programming, and controlling nanoscale robots. Nanorobots are capable of doing specified jobs with components that are on the nanometer size (10-9 meters). Nanorobots are capable of diagnosing certain types of cancer and serve a critical role in human pathogen protection and treatment.Biomedicalinstrumentation, pharmacokinetics, surgical procedures, diabetes monitoring, and other healthcare services can all benefit from nano robots. Data Bridge Market Research analyses that the nanorobots market was valued at USD 7739.19 in 2021 and is further estimated to reach USD 19576.43 million by 2029, and is expected to grow at a CAGR of 12.23% during the forecast period of 2022 to 2029.

Some of the major players operating in the nanorobots market are

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NanorobotsMarket Dynamics

Drivers

In the healthcare industry, advances in molecular robot technology are increasingly being used to execute complex tasks and eliminate human error.

Recent research in DNA nanotechnology supports the use of nanorobots inregenerative medicineon a big scale which is further anticipated to contribute to the market growth.

Nanotechnology will be used in the medical field to aid in the detection and treatment of diseases such as diabetes.

Opportunities

In addition, the growing application areas of microscopes and incorporation of microscopy with spectroscopy are further estimated to provide potential opportunities for the growth of the nanorobots market in the coming years.

GlobalNanorobotsMarket Scope and Market Size

The nanorobots market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

On the basis of type, the nanorobots market is segmented into microbivore nano robots, respirocyte Nano robots, clottocyte Nano robots, cellular repair Nanorobots and others. The others segment is further sub segmented into Nano swimmers and bacteria powered robots.

Application

On the basis application, the nanorobots market is segmented into nano medicine, biomedical, mechanical and other applications.

NanorobotsMarket Regional Analysis/Insights

The nanorobots market is analysed and market size insights and trends are provided by country, type and application as referenced above. The countries covered in the nanorobots market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the nanorobots market due to the rise in the adoption of nano robotics technology. Furthermore, the presence of sophisticated healthcare infrastructure will further boost the growth of the nanorobots market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the nanorobots market due to the rise in the attention of the manufacturers.

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Nanorobots Market to close to USD 19576.43 million with CAGR of 12.23% by 2029| Market Size, Growth, Supply, Demand and Analysis - Digital Journal

Notable Thermal and Mechanical Properties of New Hybrid Nanostructures – AZoM

Posted on July 8, 2022 by Danzig

Carbon-based nanomaterials such as carbon nanotubes (CNTs), fullerenes, and graphene receive a great deal of attention today due to their unique physical properties. A new study explores the potential of hybrid nanostructures and introduces a new porous graphene CNT hybrid structure with remarkable thermal and mechanical properties.

Image Credit:Orange Deer studio/Shutterstock.com

The study shows how the remarkable characteristics of novel graphene CNT hybrid structures could be modified by slightly changing the inherent geometric arrangement of CNTs and graphene, plus various filler agents.

The ability to accurately control thermal conductivity and mechanical strength in the graphene CNT hybrid structures make them a potentially suitable candidate for various application areas, especially in advanced aerospace manufacturing where weight and strength are critical.

Carbon nanostructures and hybrids of multiple carbon nanostructures have been examined recently as potential candidates for numerous sensing, photovoltaic, antibacterial, energy storage, fuel cell, and environmental improvement applications.

The most prominent carbon-based nanostructures in the research appear to be CNTs, graphene, and fullerene. These structures exhibit unique thermal, mechanical, electronic, and biological properties due to their extremely small size.

Structures that measure in the sub-nanometer range behave according to the peculiar laws of quantum physics, and so they can be used to exploit nonintuitive phenomena such as quantum tunneling, quantum superposition, and quantum entanglement.

CNTs are tubes made out of carbon and that measure only a few nanometers across in diameter. CNTs display notable electrical conductivity, and some are semiconductor materials.

CNTs also have great tensile strength and thermal conductivity due to their nanostructure, and the strength of covalent bonds formed between carbon atoms.

CNTs are potentially valuable materials for electronics, optics, and composite materials, where they may replace carbon fibers in the next few years. Nanotechnology and materials science also use CNTs in research.

Graphene is a carbon allotrope that is shaped into a single layer of carbon atoms arranged in a two-dimensional lattice structure composed of hexagonal shapes. Graphene was first isolated in a series of groundbreaking experiments byUniversity of Manchester, UK, scientists Andrew Geim and Konstantin Novoselov in 2004, earning them the Nobel Prize for Physics in 2010.

In the few decades since then, graphene has become a useful nanomaterial with exceptionally high tensile strength, transparency, and electrical conductivity leading to numerous and varied applications in electronics, sensing, and other advanced technologies.

A fullerene is another carbon allotrope that has been known for some time. Its molecule consists of carbon atoms that are connected by single and double bonds to form a mesh, which can be closed or partially closed. The mesh is fused with rings of five, six, or seven atoms.

Fullerene molecules can be hollow spheres, ellipsoids, tubes, or a number of other shapes and sizes. Graphene could be considered an extreme member of the fullerene family, although it is considered a member of its own material class.

As well as a great deal of research invested into understanding and characterizing these carbon nanostructures in isolation, scientists are also exploring the properties of hybrid nanostructures that combine two or more nanostructure elements into one material.

For example, foam materials have adjustable properties that make them suitable for practical applications like sandwich structure design, biocompatibility design, and high strength and low weight structure design.

Carbon-based nanofoams have been utilized in medicine as well, examining bone injuries as well as acting as the base for replacement bone tissue.

Carbon-based cellular structures are produced both with chemical vapor deposition (CVD) and solution processing. Spark plasma sintering (SPS) methods are also implemented for using graphene for biological and medical applications.

As a result, scientists have been looking at ways to make three-dimensional carbon foams structurally stable. Research suggests that stable junctions between different types of structures (CNTs, fullerene, and graphene) need to be formed for this material to be stable enough for extensive application.

New research from mechanical engineers at Turkeys Istanbul Technical University introduces a new hybrid nanostructure formed through chemical bonding.

The porous graphene CNT structures were made by organizing graphene around CNTs in nanoribbons. The different geometrical arrangement of graphene nanoribbon layers around CNTs (square, hexagon, and diamond patterns) led to different physical properties being observed in the material, suggesting that this geometric rearrangement could be used to fine-tune the new structure.

The study was published in the journal Physica E: Low-dimensional Systems and Nanostructures in 2022.

Researchers found that the structures with fullerenes inserted, for example, exhibited significant compressive stability and strength without sacrificing tensile strength. The geometric arrangement of carbon nanostructures also had a significant effect on their thermal properties.

Researchers said that these new hybrid nanostructures present important advantages, especially for the aerospace industry. Nanoarchitectures with these hybrid structures may also be utilized in hydrogen storage and nanoelectronics.

Belkin, A., A. Hubler, and A. Bezryadin (2015). Self-Assembled Wiggling Nano-Structures and the Principle of Maximum Entropy Production. Scientific Reports. doi.org/10.1038/srep08323

Degirmenci, U., and M. Kirca (2022). Carbon-based nano lattice hybrid structures: Mechanical and thermal properties. Physica E: Low-dimensional Systems and Nanostructures. doi.org/10.1016/j.physe.2022.115392

Geim, A.K. (2009). Graphene: Status and Prospects. Science. /doi.org/10.1126/science.1158877

Geim, A.K., and K.S. Novoselov (2007). The rise of graphene. Nature Materials. doi.org/10.1038/nmat1849

Monthioux, M., and V.L. Kuznetsov (2006). Who should be given the credit for the discovery of carbon nanotubes? Carbon. doi.org/10.1016/j.carbon.2006.03.019

Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.

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Notable Thermal and Mechanical Properties of New Hybrid Nanostructures - AZoM

Beyond Animal Testing: How AI is Increasing the Odds in Drug Development – BioSpace

Posted on July 8, 2022 by Danzig

Quris Team Members/Courtesy of Quris AI

Quris AI has developed an alternative to testing on animal models, and each one is smaller than the head of a pin.

Mice are Terrible Predictors

The artificial intelligence (AI) and pharma company has created the Bio-AI Clinical Prediction Platform, which is used to determine which drug candidates will work safely in the human body, and for whom theyll work best.

Currently, drugs are developed and then tested in mice in order to determine their suitability for humans. Mice are terrible predictors, Dr. Isaac Bentwich, Quris founder and CEO, told BioSpace. Out of all the drug candidates today that have in vitro and in vivo testing and then enter into clinical trials, 89% fail. Thats quite dramatic when you stop and think about it.

Biotechnology Innovation Organization (BIO) published a second report on Clinical Development Success Rates and Contributing Factors, analyzing 12,728 clinical and regulatory phase transitions from 9,704 development programs between 2011 and 2020. The analyses found the overall likelihood of approval for developmental candidates to be only 7.9%.

Bentwich offered a creative analogy on the issue, imagining a person who wanted to build a skyscraper and thus contacted the best architect and the best engineer available. They would tell you, you've come to the right place. Were the best in the trade. Here's what we'll do: we will plan 10 skyscrapers for you. We will guarantee that nine of them will crumble. We do not know which. As facetious as this may sound, that's actually the economics of the pharma industry today.

Bentwich is a medical doctor by training and described his unique transition from school into the industry. I was just out of medical school and was dabbling with computerized medical records and decision support systems. It became a hobby. It was either that or pottery, actually. And what began as a year off from continuing with my medical career ended up as a ten-year stint developing a computerized medical record which was very successful. He started three other companies related to AI, computing, biology and medicine before founding Quris.

The Quris Platform

The companys platform uses a combination of three pillars: stem cell technology, AI, and what they call Patients-on-a-Chip. There is a technology used to create miniaturized human organs, a miniaturized liver and a miniaturized brain. Each such miniaturized organ is a third of a millimeter in size, which is the size of the tip of a sewing needle.

Quris' Patients-on-a-Chip technology/courtesy of Quris AI

The mini-organs are created from the cells of an individual person. We then use precision robotics and nanosensors to test thousands of known drugs on these miniaturized patients with interconnected human miniaturized tissues. We use nano sensing to see how these miniaturized patients feel and whether they are personally affected by different drugs.

By testing thousands of drugs on Patients-on-a-Chip, the AI has been trained to determine which are safe, and which are toxic. When a new drug is exposed to the technology, the AI can discern whether its more similar to the toxic drugs or the safe drugs. Bentwich highlighted that importantly, this not only gives a readout of the level of safety, but it shows for whom the drug is safe. We can use this to see that drug X may be good for one individual but not for another.

A unique feature of the mini-organs is their interconnectivity. Bentwich described the first version of the platform, which included the liver, the brain and the blood-brain barrier. This allowed the company to collect data not only on how a drug is processed in the liver but what happens when it crosses the blood-brain barrier.

When we test the drug on our system, we actually let the liver metabolize it. It's a tiny, tiny liver in a tiny well, but it still metabolizes the drug. It breaks it down to different chemicals in the same way that the real liver in the human body does, he described. Only then, it goes through the blood-brain barrier, which mimics exactly how it behaves, allowing only certain molecules to go into the brain. Then, it interacts with the miniaturized brain. The data collected on these interactions between the organs are used to train the AI.

The Bio-AI approach is unique in that its not just sorting through randomized available medical data, but is trained directly in response to known drugs being tested on Patients-on-a-Chip. By utilizing more specific data, the platform generates informed predictions on drug safety and individualized patient suitability.

A Potential Cure for Fragile X Syndrome

The company is developing its first drug for the treatment of Fragile X syndrome, a genetic disorder that causes symptoms related to developmental delays and learning disabilities.

Bentwich said Quris chose to focus on the syndrome because it cannot be mimicked in an animal model, which makes drug development difficult. The company combined its Bio-AI platform with a discovery made by Professor Eyal Benvenisti of The Hebrew University of Jerusalem to begin developing the drug.

The cool thing about the drug that we're developing is that if its successful, it will be the first time that a drug will be attempting to cure the disease. From our initial results, it actually seems to treat the root cause of the disease, not just treat it symptomatically, he said. The drug hopes to address the disruption of fragile-X mental retardation protein(FMRP) production caused by a faulty FMR1 gene in Fragile X syndrome.

Initial studies showed that it seemed to indeed undo the inhibition of this faulty gene, Bentwich shared. If this is successful, we may be onto something that will impact the lives of many patients. He said clinical testing will begin within the next 12 months.

Redefining Nonclinical Testing

Earlier this month, the United States House of Representatives passed a bill to amend the Federal Food, Drug, and Cosmetic Act. Alternatives to animal testing are now allowed in assessing the efficacy of a drug. Such nonclinical tests can include computer modeling, cell-based assays, organ chips and other biology-based test methods.

Bentwich said that a revolution is happening, and Quris is at the center of it. We believe that using novel combinations of Patients-on-a-Chip together with powerful AI, we can replace outdated and ineffective mice experiments, or at least reduce them.

He pointed out that technology can be used as a tool to speed the drug development timeline. A vaccine which usually takes 10 to 15 years to develop was developed within a year using cutting edge technologies like Modernas with its COVID vaccine, and like Quris is now using in drug development.

Bentwich sees a future of drugs that are fitted to individuals rather than to the masses. We shrink the time that it takes to develop a drug. Were hoping that it sparks a revolution in drug development, by developing drugs much faster, much cheaper and that are more personalized.

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Beyond Animal Testing: How AI is Increasing the Odds in Drug Development - BioSpace

Port of Tallinn and Sunly agreed on cooperation in offshore wind – Baltic Times

Posted on July 8, 2022 by Danzig

Port of Tallinn and Sunly have signed a Memorandum of Understanding with the goal of realizing offshore wind energy in the Baltic States and creating maximum local knowledge and business opportunities during the development, installation as well as operation and maintenance of Sunlys offshore wind farms.

Sunly is developing offshore projects at West of Saaremaa and North of Hiiumaa island in Estonia and has ambition to develop offshore wind energy also in Latvia and Lithuania.

Port of Tallinn recently decided to invest up to EUR 53 million to build a new 310-meter quay with a 10-hectare area beyond the quay in Paldiski South Harbour.The quay and hinterland area will be completed in summer 2025.

Ports are playing an important role in the installation and maintenance of offshore wind farms. So, we are very happy to have opportunities to produce concrete gravity foundations for wind turbines in Paldiski and use the port for installation works, said Erkki Kallas, the Head of Development & Production and Member of Sunlys Management Board.

Kallas added that Sunly also considers Saaremaa Harbour as its maintenance base and vessel MPSV Botnica for its surveys - both belonging to the Port of Tallinn.

Valdo Kalm, the CEO of the Port of Tallinn has said previously that due to the favorable location of Paldiski South Harbour, the construction of the new quay will create preconditions for Port of Tallinn to become an important partner in the construction and subsequent maintenance of offshore wind farms in the Baltic Sea region. The new quay will ensure the capacity of the port to receive high-draft special-purpose vessels for the construction of offshore wind farms and the transport of wind turbine components. commented Kalm.

The large rear area beyond the new quay allows various preparations for the manufacture and storage of generators and wind turbine blades before being loaded on a ship. In addition, the new quay can be used to service ro-ro vessels if required.

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Port of Tallinn and Sunly agreed on cooperation in offshore wind - Baltic Times

SALTWATER: Good catches of gag grouper reported offshore and inshore – The Ledger

Posted on July 8, 2022 by Danzig

Michael Wilson| Correspondent

Gag Grouper: Good catches of gag grouper are being reported both offshore and inshore along the channel, on the bay reefs and around structure.

Strike Zone, 2, 4, 5, 7,

1: At Big Pier 60 in Clearwater, Spanish mackerel have been caught nearly every day again this week. Regular anglers are still catching some tarpon. Mangrove snapper, speckled trout, sheepshead and whiting are also steady catches. A keeper size redfish was caught over the weekend, reports Big Pier 60 Bait & Tackle (727-462-6466).

2: At Madeira Beach, nearshore theres plenty of mangrove and lane snapper and all the grunts and porgies you could want. Theres still some hog snapper around the 50 to 60-foot mark. Bigger mangrove snapper are biting a little deeper around 80 to 100 foot. Deeper offshore, big grouper including gags, reds and scamp are biting and the American red snapper bite is excellent. Some peanut mahi have also been caught, reports Andrew Schleissing at Gulf Coast Bait and Tackle (727-343-4181).

3: At John's Pass, mangrove snapper are biting good in the inlet, around the bridge, the jetties, and most structure. Good numbers of snook are in the pass. The bite is best in the morning and at night on free lined, live shrimp. Snook are also out on the beaches during the day along with some whiting. Spanish mackerel are biting early in the morning from the jetty. Decent numbers of redfish are biting in the back bays and around Veterans Park. The trout bite is good at night inside around the lights, reports Schleissing.

4: At Fort De Soto Park, a lot of snook, bigger mangrove snapper around 14 to 15 inches and sheepshead are biting around the bridge and marina. A few tarpon are still around, but not many. Theres still plenty of crabs though. Decent size trout, around 15-17 inches, are biting on the flats around Tarpon and Bird keys. The redfish bite is good around Jackass Key. A few keeper size mangrove snapper are biting around the boat ramp in the park. Anglers targeting grouper are catching gags along the channel from the Skyway to Egmont Key. The Gulf Pier is good for mackerel in the mornings. Snapper and sheepshead are biting on the pilings. Snook are biting around the rocks and along the beach on shrimp, pinfish and topwater bait imitations. A few tarpon are rolling along the beach. Bunces Pass is producing snook, whiting and some flounder, reports Capt. Claude Hinson at Tierra Verde Bait and Tackle (727-864-2108).

5: Around the Sunshine Skyway and lower Tampa Bay, despite the high water temps, the gag grouper bite remains good inside the bay. Trolling is best early in the morning and live bait is producing on any tide throughout the day. Mangrove snapper are biting on just about any structure and the bridges. Some good size redfish are being caught on the high tides around the mangroves in both Terra Ceia and Miguel bays. Snook are all over the flats and feeding on the small hatch bait that can be found everywhere right now. Larger size scaled sardine bait is at both Skyway piers, reports Capt. John Gunter of Palmetto (863-838-5096).

6: At Anna Maria, theres good numbers of snook around Bean Point and Longboat Pass. Theres also a few snook on the beach, especially around any of the passes. Redfish are biting around some of the docks inside the sound and up against the mangroves on the high tides. Some trout are biting inside the pass on the deeper grass flats and channel ledges. Mangrove snapper can be found on structure around the pass, some of the docks and the area bridges. Nearshore, mangrove snapper are biting on all the reefs and hard bottom, reports Crawford.

7: At St. Petersburg, the gag grouper and mangrove snapper bite remains good on the reefs, hard bottom, the edge of the channel and most structure. Theres still plenty of snook in the passes and on the beaches. A lot of good size trout have been caught on the grass flats and cut just north of Tarpon Key. Trout action is also good on the deeper grass flats off Pinellas Point. A few tarpon are still around the Skyway. The oyster bars from Pinellas Point to the Misner Bridge are still producing decent catches of redfish, reports Larry Mastry at Mastrys Tackle (727-896-8889).

8: In the north end of Tampa Bay, theres still tarpon around the bridge at night. The mangrove snapper bite is steady at the bridges and around most structure. A few pompano are also at the bridges. Mangrove shorelines from Weedon Island to Double Branch and Rocky Creek are good for redfish. Snook are biting around the bridge approaches and areas with sandy beach and grass. Snook are also biting at Weedon Island. Tripletail can be caught on the markers and buoys with shrimp, reports Gandy Bait.

At Homosassa, redfish are on the outside islands anywhere from Homosassa to Crystal River. Look for the mullet schools and youll find the redfish. Live shrimp or a mud minnow on a jig head have been the best baits. Some snook have been caught, but theyre not feeding aggressively because of the spawn. Scallop numbers are pretty good this year and theyre also shallow. Good numbers are being found in about 3 to 4 feet of water, reports Capt. Marrio Castello of Tall Tales Charters (352-454-7719).

At Fort Pierce, offshore theres still a decent sailfish bite to the south on the troll and with freelined live baits. The mahi bite is steady at the 80 to 100-foot mark. Most of the mahi are 8 to 12 pounds, but a 25 pounder was caught this week. The bottom bite is good for mangrove snapper at 80 foot. A few large muttons, some vermilions, triggerfish and the occasional cobia are also in the mix. At the inlet, some whiting are in the surf, but theres a lot of weeds. The jetty and inside the inlet is good for snook, mangrove snapper and sheepshead. The bridges and the Melody Lane Pier are producing mangrove snapper and sand perch, reports Clint Walker at the Fishing Center of St. Lucie (772-465-7637).

Compiled By Michael Wilson / Ledger Correspondent

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SALTWATER: Good catches of gag grouper reported offshore and inshore - The Ledger

Tekmar Nets Offshore Wind Gig in Japan – Offshore Engineer

Posted on July 8, 2022 by Danzig

July 8, 2022

Credit: Ian Dyball/AdobeStock

Tekmar Group has secured a contract to provide an integrated engineering solution, including Cable Protection Systems ("CPS") and Cable Hang-Off Clamps, for an offshore wind farm project in Japan. The contract is expected to be delivered in 2023.

The company did not say who the client was. The financial details were not shared either.

Alasdair MacDonald, CEO of Tekmar Group, said: "We are pleased to be announcing this significant contract award, which represents an important strategic milestone as we extend our geographical reach into the Japanese offshore wind market. This contract builds on the encouraging contract momentum we have established, highlighted by the record order book of 20.1m we announced with our first-half results, and demonstrates how our CPS solution offers superior technical capability and value in de-risking complex subsea engineering projects for the market.

MacDonald said"We also see this recent contract momentum as an important indicator that the level of market activity is improving and are also pleased to update that we had a strong cash collection towards the end of our June quarter. This supports our confidence in the stability of the business as the market environment improves.

"The company has launched a formal sale process and further communication with shareholders on this process will be made as and when appropriate to do so. In the meantime, it is business as usual for Tekmar as we remain focused on delivering on our plans and we look forward to keeping shareholders updated with our continued progress."

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Tekmar Nets Offshore Wind Gig in Japan - Offshore Engineer

Conversation About Offshore Wind Litigation Podcast – The National Law Review

Posted on July 8, 2022 by Danzig

On this episode of the Bracewell Environmental Law Monitor, hostDaniel Popetalks withTyler JohnsonandTaylor Stuartabout offshore wind litigation over the energy transition, and more specifically over litigation regarding some of the challenges to new projects in the offshore wind space which are under development off the East Coast.

Tyler is senior counsel in Bracewells Seattle office and has a broad background advising international energy clients across a wide array of regulatory issues. Taylor is an associate in the environment, lands and resources group in Washington, DC.

Can you give us a snapshot of what's going on today in the offshore wind industry?

A better way to phrase it is what is not going on in offshore wind because there's so much happening right now. Since Biden's inauguration, the federal government has been pushing hard to push offshore wind forward and make up for some lost time during the Trump administration. There's been a lot of leasing efforts on the part of the Bureau of Ocean Energy Management (BOEM) which is the sub-agency within the Department of the Interior that's tasked with leasing parcels of the outer continental shelf to developers for both oil and gas and renewable energy development.

In the past two years, BOEM has really been pushing forward on its East Coast leasing. Right now there are 25 active leases off the East Coast, and this includes the most recent New York Bight leases and the Carolina Long Bay leases that were recently auctioned off. But BOEM is also pushing forward on other coasts as well. Theyre planning lease auctions offshore California, both in Northern and Central California, and that will likely happen later this year.

Can you give an overview on what the prices for these leases go for, or what's the trend line on these leases?

They have been ranging over the years. In the very early stages of offshore wind development, they were as low as $5 million in 2016. They popped up to around $40 million. They're really getting up there and people were really shocked at those numbers. Over time, they went up to $100 million or so off the coast of Massachusetts, and then in this most recent New York Bight auction, they jumped up as high as we've seen them before, anywhere from $200 million to the highest lease area went for $1.1 billion, and collectively that New York Bight lease auction garnered $4.37 billion that went to the Treasury. A huge amount of money that's going toward just these leases alone, and that's only the right to submit plans for the project development. That's not any right to actually develop the project or anything like that. It's just to submit plans to the federal government to eventually develop the project years later.

What precedent is out there for offshore wind?

One surrounds the ill-fated Cape Wind project, which was proposed off the coast of Cape Cod in the sound between Martha's Vineyard and Nantucket. This project garnered a lot of media attention and ultimately, of course, was never constructed. It was mired in litigation, various suits filed at the district court and ultimately the appeal to the DC circuit. The litigation involved a host of violations of National Environmental Policy Act (NEPA) and the Outer Continental Shelf Lands Act (OCSLA). The ultimate outcome here was that the DC circuits ultimately criticized how BOEM complied with NEPA, basically deferring on geophysical and geotechnical surveys.

What can you tell us about the challenges that are pending in court today?

There are about half a dozen cases that are pending today, and most of them are from fishing industry, resident groups, environmental NGOs, or in one case, an onshore solar developer. That's a little bit of an outlier. But those are the typical groups that we've seen in the past and that we're seeing now, and we're seeing a few cases that are challenging the project at different stages. The Fisheries Survival Fund case in the DC circuit was challenging the lease issuance. But right now, we're seeing cases that are challenging the first COP approvals that we've seen from BOEM.

What are some of the significant challenges for the offshore wind industry itself? Is this garden variety administrative litigation, or is there something else going on that the industry is really going to have to grapple with?

Some of the litigation is focused on trying to invalidate BOEM's leasing process, and its stage development process for offshore wind projects. One of the fundamental concerns that we hear from is that they don't feel like they got an adequate say in where an offshore wind project is located. And so, one project or one piece of litigation, the Save Long Beach Island case, which is a group based in New Jersey, looking to challenge BOEM's offshore wind leasing program, that regulatory paradigm that was established in 2009. If successful, there could be ramifications to the agency, and the entirety of its leasing process. Many of those same issues were successfully resolved in BOEM's favor, regarding Equinor's lease for the Empire Wind project, that DC circuit case that was mentioned, and the decision was issued just last year. So, there's some helpful precedent in defending the leasing program there. But nonetheless, I think we'll continue to see challenges to that leasing process.

Dustin Varnell joins IMCA U.S. offshore wind team – Marine Log

Posted on July 8, 2022 by Danzig

Written by NickBlenkey

Dustin Varnell

The International Marine Contractors Association (IMCA) has appointed Dustin Varnell to its business development team. Based in Rhode Island, Varnell will focus on the U.S. offshore wind energy market, complementing the work of Bruce Gresham, IMCAs director of client engagement in the U.S.

As a master mariner on dynamically positioned (DP) vessels, Dustin is very familiar with IMCAs work in the field, which is very beneficial in representing the association to existing and new member companies in the U.S. wind industry, said IMCA CEO Allen Leatt. We look forward to closely engaging with industry in the northeast U.S. and helping to support the production goal of 30GW by 2030 in a safe and efficient way.

A Massachusetts Maritime Academy graduate, Varnell has 20 years experience in offshore energy and marine operations. He spent over 15 years offshore as a ships officer working internationally on large-scale projects in Asia, the Gulf of Mexico, and Brazil. He is a master mariner, an experienced DP operator and has shipyard and vessel construction experience that includes projects in the U.S., Japan and Singapore.

He has spent the last four years in construction and operational planning in the developing U.S. offshore renewable energy industry.

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Dustin Varnell joins IMCA U.S. offshore wind team - Marine Log

Norwegian Government Steps In to End Offshore Workers’ Strike – The Maritime Executive

Posted on July 8, 2022 by Danzig

Oseberg South was among the platforms affected (Equinor file image)

PublishedJul 5, 2022 4:34 PM by The Maritime Executive

A labor dispute nearly derailed up to half of Norway's gas production this week, just as the nation's oil firms were ramping up output to meet urgent European demand. Norway's government stepped in Tuesday to halt the strike and order the union back to work, citing the extreme impact that the shutdown would have on the energy market.

The strike affected senior employees, managers and technical staff represented by the union Lederne. Last week, these critical offshore workersvoted down a pay raise package of 4-4.5 percent - a deal which other offshore unions had already accepted - and opted to go on strike.

The labor action started Monday at three fields, Gudrun, Oseberg South and Oseberg East. On Wednesday, it would have expand to cover Aasta Hansteen, Heidrun, Kristin and Tyrihans. By the end of the week, the strike would have rolled out to Gullfaks C, Gullfaks A and Sleipner, which will also force closure at Kvitebjoern, Utgard, Sigyn, Gugne and Gina Krog.By Wednesday, the nation's gas output would have dropped by nearly 300,000 boepd - about 13 percent, according to industry association Norwegian Oil and Gas. Oil output would have fallen by about 130,000 bpd the same day, restricting supply in an ultra-tight global market. If the planned rollout had been fully carried out through the end of the week, it would have taken out more than half of Norwegian gas production, NOG said. Europe gets about 25 percent of its gas from Norway's offshore sector, and with Russia cutting down its gas exports ahead of the winter heating season, European customers aremore dependent on the Norwegian supply than ever.

Norway's labor ministry stepped in Tuesday to put an end to the strike, and Lederne agreed to return to work.

"The announced escalation is critical in today's situation, both with regards to the energy crisis and the geopolitical situation we are in with a war in Europe," Labour Minister Marte Mjos Persen said. "It is unjustifiable to allow gas production to stop to such an extent that this strike in the next few days is estimated to lead to."

It is the second time in weeks that Persen has been forced to step in and end a labor dispute. An aircraft technician strike in Norway grounded hundreds of flights in June, and Persen ultimately ordered a return to work, citing the hazard to healthcare patients who need air transport.

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Norwegian Government Steps In to End Offshore Workers' Strike - The Maritime Executive

Offshore Wind Presentation To Be Held In Lacey – Patch

Posted on July 8, 2022 by Danzig

LACEY, NJ Interested in learning more about offshore wind? New Jersey Resource Project, a community non-profit organization, is hosting a presentation to educate residents about offshore wind in Lacey on July 13.

The presentation will explain both concerns and benefits of offshore wind, according to the event's description.

"Our goal it to make sure offshore wind works for us and help sustain our communities for generations," NJRP wrote.

Two offshore wind projects are planned in the area. Atlantic Shores Offshore Wind would be off the shore of Long Beach Island, while Ocean Wind 1 is planned for Ocean City.

Residents of Ocean City have voiced concerns about Ocean Wind 1, which would involve installing a substation in Lacey at the former Oyster Creek power plant. Read More: Wind Farm Substation To Be Built In Lacey

Critics of Ocean Wind 1 say that the project would harm the local environment and hurt tourism.

The presentation will be held on July 13 at 7 p.m., at 15 E Lacey Rd in Forked River. To RSVP or learn more, contact Jody at 732-575-0609 or jody@newjerseyop.org.

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Offshore Wind Presentation To Be Held In Lacey - Patch

New Economic Substance Requirements and Nexus Approach Regarding Tax Exemption for Offshore Passive Income in Hong Kong – Lexology

Posted on July 8, 2022 by Danzig

Hong Kong was placed on Annex II of the EUs list of non-cooperative jurisdictions for tax purposes, commonly known as the EU watchlist last year. In response, the Hong Kong government pledged to make changes to its foreign source income exemption (FSIE) regime in relation to certain types of passive income by the end of 2022. After several rounds of discussions, the Hong Kong government and the EU agreed on the required changes to the FSIE regime in June this year. Upon implementation of the new FSIE regime (the target date being 1 January 2023), it is generally expected that Hong Kong will be removed from the EU watchlist upon the next review. Under the new FSIE regime, only the following types of offshore passive income, interest income, dividends, disposal gains and IP income (In-scope Offshore Passive Income), will be affected, and active income will not be affected. For the In-scope Offshore Passive Income, new economic substance rules and a nexus approach have been introduced for non-IP income and IP income respectively.

Under the new FSIE regime, the In-scope Offshore Passive Income will be deemed to be sourced from Hong Kong and chargeable to profits tax if:

Economic Substance Requirements for Offshore non-IP Income

A taxpayer will need to satisfy the following economic substance requirements in order to claim income tax exemption for its offshore interest income, dividends and disposal gains:

Participation Exemption for Dividends and Disposal gains

If a taxpayer does not meet the above economic substance requirements, it may still claim participation exemption in respect of its offshore dividends and disposal gains, provided that the following conditions are satisfied:

Note that the availability of above participation exemption is subject to the following anti-abuse rules:

Nexus Approach for Offshore IP Income

Under the new FSIE regime, the extent of exemption from profits tax for offshore IP income depends on the nexus between the income receiving benefits and the expenditures contributing to that income, which is in line with the nexus approach adopted by the OECD. Under the nexus approach, only income from a qualifying IP asset (see note 1 below) can qualify for preferential tax treatment based on a nexus ratio as follows:

Note that:

a. activities undertaken by the taxpayer in Hong Kong; b. activities outsourced to unrelated parties to take place inside or outside Hong Kong; and c. activities outsourced to related parties in Hong Kong to take place inside Hong Kong.

Unilateral tax credit

As a new double taxation relief, unilateral tax credit in respect of the In-scope Offshore Passive Income will be provided to taxpayers who have paid taxes in jurisdictions which have not entered into double taxation agreements with Hong Kong.

Next Steps for the Hong Kong Government

The Hong Kong government is currently seeking comments on the details of implementation of the above changes. It is aiming to have the amendment bill passed by the end of this year, such that above changes will be effective from 1 January 2023.

It is also expected that the Hong Kong Inland Revenue Department will issue further guidance on the implementation of the changes, including factors for determining the compliance with the economic substance requirements, and application of the nexus approach, participation exemption and unilateral tax credit.

Our recommendations

While Hong Kong will continue to adopt the territorial source principle of taxation, the new FSIE regime will undoubtedly present some challenges to companies that have been claiming offshore profits in respect of their passive income received in Hong Kong. In light of the upcoming new FSIE regime, we would recommend that companies consult their tax advisors to see if the income received in Hong Kong will fall within the ambit of the new regime, and structure their business operations accordingly. We will provide further information and analysis when the draft bill is available.

Taxpayers are also reminded to actively track the developments on Pillar Two of the framework for international tax reform on base erosion and profit shifting (BEPS 2.0) and ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) by Hong Kong. More on this in due course.

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New Economic Substance Requirements and Nexus Approach Regarding Tax Exemption for Offshore Passive Income in Hong Kong - Lexology

Arup to Perform Feasibility Study for BlueFloat’s Offshore Wind Farm in Colombia – Offshore WIND

Posted on July 8, 2022 by Danzig

Arup will be working on the feasibility study forVientos Alisios, an offshore wind project in Colombia developed by BlueFloat Energy, for which the company says is the most advanced offshore wind project in Colombia.

Arup says it has mobilised its industry specialists for the study and that it is supported by the international marine, offshore, and engineering consultancy Global Maritime.

Vientos Alisios was the first Colombian offshore wind project to be granted pre-feasibility status from the Colombian Maritime Authority (DIMAR). The project achieved this in January 2021 and alsosecured an offer for the 200 MW grid connection from Mining and Energy Planning Unit (UPME), for which the guarantee was presented on the 28 April of this year, the developer said in May.

Located some 32 kilometres off the coast of Barranquilla, the Vientos Alisios offshore wind farm will include 28 bottom-fixed turbines that could generate enough energy to power 100,000 homes per year.

Although offshore wind is a relatively new industry in the Americas, Colombia is at the forefront of this energy transition, and developments like Vientos Alisios can serve as a case study for future developments in the region, Arup said in a press release.

Earlier this year, the Colombian Government launched an Offshore Wind Roadmap, according to which the country has the potential of installing almost 50 GW of offshore wind capacity with around 27 GW of this said to be best suited for bottom-fixed and 21 GW for floating foundations.

In terms of economic benefits, offshore wind can bring Colombia more than USD 27 billion in investments and create 26,000 jobs by 2050, according to the roadmap.

While offshore wind is a burgeoning sector in the renewable energy industry, purpose-driven roadmaps and policies are essential in this nascent industry. The roadmap presented by the Colombian government sends a positive signal to the global supply chain community and will further attract interest from investors and suppliers alike. There are still many hurdles to overcome, but Colombia is officially the next frontier for offshore wind, said Mauricio Acevedo, Arups Colombia Energy Leader.

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Arup to Perform Feasibility Study for BlueFloat's Offshore Wind Farm in Colombia - Offshore WIND

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