Trends to Consider When Scouting New Engines for Sale

Posted by Jack Barry on Mon, Feb 10, 2014

Considering new engines for sale to power your commercial and offshore operations requires exhaustive due diligence, that if done right, truly pays off at the end.

Critical to building an effective business case includes weighing the engine brand, size, features, warranty, and even number of units to purchase. But it also requires looking at the global trends impacting your industry. From new policies to fresh innovations, these factors require careful research so that you make the right buying decision.

Here is a look at two trends to keep in mind for 2014 and beyond.

1. The Evolution of Weather Forecasting Innovation

Natural disasters and even inclement weather may not seem to directly impact your decision-making around purchasing new engines for sale. But the fact is that severe weather plays a large role in several key features of commercial engines. For example, if your peak season or prime regions are predicted to experience a high frequency of hurricanes or squalls, you may want to consider investing more into a warranty than you normally would. Additionally, if you plan to mobilize operations, but harsh weather prevents you from doing so quickly, you may need to purchase additional engines. And finally, harsh weather predictions may force you to consider back-up power generation equipment.

The good news is that weather forecasting technology is quickly evolving. Today’s top outfits are poring over multiple reports when making short- and long-term decisions involving potential inclement weather situations. And these reports aren’t just specific to their region, but their industry. In other words, forecasts are becoming tailored toward the typical equipment setups that, for example, an offshore drilling company uses vs. a large commercial fishing fleet.

2. Policy-Driven Considerations to Keep in Mind When Reviewing New Engines for Sale

Making decisions around equipment purchases is often driven by determining your true market size. In conducting this exercise, it’s imperative to gauge how welcoming your nations of operation will be of your commercial activity of choice. Offshore drilling is an interesting case. While an increasing number of environmental and nonprofit organizations may unite against an increase in production, nations such as the United States and China are jockeying for more aggressive activity. In his recent State of the Union Address, President Barack Obama opened U.S. waters to more than 75 percent of its potential offshore oil and gas resources. Similarly, China has made overtures at upping its global deep water production from its current volume that’s equal to 12 percent of the worldwide total. Both of these nations will need more commercial bandwidth to hit their aggressive goals.

Reviewing new engines for sale takes more than examining price and specs. Making the most informed buying decisions for such a costly piece of equipment requires a global consideration and understanding of all the trends impact your operation.

For more tips on sourcing new or used engines check out our Buying Guide:

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