What To Expect From The Shipping Industry In 2018

The shipping industry has grown globally by leaps and bounds. This is attributed to the constant improvements in Technology, which in turn improves productivity. There is still a way to go to achieve efficiency in the use of water as a mode of transport, but considering the steps made over time, the future is bright for the shipping industry.

Below are some expected improvements in the industry in 2018.

  • Bigger water vessels

Every year, sea vessel manufacturers aim to come up with the mega-ships, and the trend is expected to continue. The current longest ships (oil tankers) measure between 400 – 450 meters, which is expected to be broken by the year 2018. These bigger ships will have a bigger carrying capacity, which will ease congestion in the ports.

  • Quicker Port operations

A lot of time is wasted in Ports during loading and Offloading processes, saving a lot of revenue for Governments and clients as well. The longer the time it takes to load and offload a ship, the more congested the port looks. By the year 2018, port authorities are expected to strive to acquire bigger and faster cranes which should take an estimated 20% less of the time the current cranes use in loading and offloading a single ship.

  • Having off-shore holding warehouses

Ports have been suffering from congestion for a long time, where clients take a long time to collect their cargo, leaving an accumulation. Port authorities and companies such as www.hmsbroker.com are expected to acquire parcels of land away from the port where the unclaimed shipment is stored and charged holding fees.

  • Less pollution

Ships pose a threat to the environment, especially marine life. This is as a result of the huge emissions, especially from the large cargo ships. It’s a paradox that shipping has the ability to be the most energy-efficient way to move volumes of cargo, but ships still emit dangerous substances to the environment such as sulfur oxides and carbon dioxide.

The shipping industry is expected to purpose to embrace green shipping methods such as emission control, ship scrapping and efficient port control in the coming year. This will be achieved first by enforcing rules which ensure a reduction in the Sulphur content in the fuel.

  • Better vessel space utilization

A vessel’s ability to carry cargo to its full capacity is dependent largely on how the cargo is arranged on board. Port management is expected to ensure improved methods are put in place for improved planning. This is expected to improve the cargo capacity of vessels, thereby reducing the growing port congestion.

  • Improved data analytics

Due to the growing amount of cargo being transported via sea, there is a large growth in the amount of data to be processed each day from cargo information to travel statistics from various vessels. The shipping industry is expected to embrace systems whose algorithms enable processing of more data in a shorter time.

The above expectations will have taken the industry big strides ahead, and whether they will have been achieved fully or partially will remain to be seen.