Photo Courtesy of Crowley/Titan U.S. and Italian Specialists Team Up to Right Sunken Cruise ShipWith the parbuckling of the largest passenger ship ever conducted, U.S.-based Titan Salvage Co. and Italian underwater specialty contractor Micoperi in mid-September successfully righted the Costa Concordia cruise ship from its capsized position off the Italian island of Giglio, where it had run aground in 2012. According to the project's website, the contractors used a system of strand jacks and cables to rotate the stricken vessel an estimated 65° and place it onto a series of six undersea platforms, built upon 2-meter-dia pile foundations. After its
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.