The year 2008 has been another productive year for CeSOS in developing fundamental knowledge about how ships and other structures behave in the ocean environment. Using analytical, numerical and experimental studies, emphasis has been on basic research in hydrodynamics, structural mechanics and automatic control, and in the synergy between them. The number of papers in quality journals remains at a high level and we have graduated ten PhD candidates. The main applications of the new knowledge that we have generated are in the assessment of structures and operations relating to sustainable sea transport and oil and gas exploitation. However, it relates increasingly also to facilities and operations associated with exploitation of renewable energy from the oceans. Our research projects have also proved a valuable basis for innovative design of structures, risers and automatic control systems; we expect this trend to continue. CeSOS researchers have been recognised by our peers, as evidenced for example by awards received, invitations to deliver keynote addresses or to serve on international committees, and membership of prestigious academies.