According to VSM (German Shipbuilding and Ocean Industries Association), advances in technology are being driven by the three E’s: emissions, efficiency and energy. Energy efficiency is a key area where marine paints need to improve.
The price of oil has just hit a new low – in the US you can get a barrel for under $40. At first sight, this might seem to be a good thing for the coatings industry, because it lowers the prices of raw materials. In the long term, though, it might not prove so beneficial.