GLOBAL SALVAGE TUG MARKET

INTRODUCTION

 A salvage tug, also referred to historically as a wrecking tug, is a special kind of tugboat used to rescue ships that are in trouble or in danger of sinking, as well as to salvage ships that have already sunk or run aground.

 Small numbers of tugs equipped for salvage are present all over the world, with concentrations being greater in areas with both significant shipping traffic and hazardous weather. By trained personnel with expertise in salvage operations, salvage tugs are used. (salvors).

GLOBAL SALVAGE TUG MARKET SIZE AND FORECAST

 The Global Salvage Tug Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Okskaya Sudoverf, a salvage tug built to NE 025 specifications for Marine Rescue Service, was launched. The Plan for the Development of the Northern Sea Route and the federal project "Northern Sea Route" anticipated by the Comprehensive Plan for Modernization and Expansion of Core Infrastructure both foresee the building of the series. (CPMI).

The NE025 tug was created for a variety of tasks, including towing non-self-propelled craft, installing and removing navigational aids, handling anchors, transporting cargo on deck, assisting with dredging fleet operations and hydraulic engineering projects, responding to oil spills by deploying equipment for clean-up operations without entering an oil slick, and taking part in firefighting.

The NE025 series' comparatively low cost, which was made possible by the best design choices, is one of its benefits. More than half of the equipment needed for the endeavour is American-made.

The Arctic region's shipping channels along the Northern Sea Route will be used by the NE025 salvage tugs. (NSR). The design of the tug is adaptable because it is simple to modify with various capabilities to carry out a broad range of tasks, and this class of ship is necessary for the Russian flagged tug fleet.

 The design complies with Russian Maritime Register of Shipping requirements and is intended to ensure safe ship mooring, provide assistance to ships 201-220 metres in length, conduct towing and canting operations, firefighting, supply operations, oil spill response operations, hydraulic engineering, and other operations.

COMPANY PROFILE

• Donjon Marine
• Teichman Group
• Force Technology
• Baird Maritime
• Ship Technology

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Salvage Tugs are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Salvage Tug and key vendor selection criteria
3. Where is the Salvage Tug manufactured? What is the average margin per unit?
4. Market share of Global Salvage Tug market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Salvage Tug in-house
6. key predictions for next 5 years in Global Salvage Tug market
7. Average B-2-B Salvage Tug market price in all segments
8. Latest trends in Salvage Tug market, by every market segment
9. The market size (both volume and value) of the Salvage Tug market in 2023-2030 and every year in between?
10. Production breakup of Salvage Tug market, by suppliers and their OEM relationship