Five Future Challenges ahead Shipping Industry

What could be 5 Future Challenges for Shipping Industry among the important sector of business, shipping comes as core and accounts for around 90% move of cargo from one place to another. While some nation has their economy directly dependent on shipping, some have infrastructure to keep it moving. So, in these times of modern world, or from the past also, a nation with sea line is always blessed.

Future Challenges ahead Shipping Industry

But in the course of time, there are lot of complications and problems that this industry encountered, and we to some extent were able to steer out from those. For instance, from wooden ships to steel ships, we made journey safer, faster and easier. So let’ see read some of the problems that we can stumble upon.

Fuel for Merchant Ships

The future of today shipping to some extent lies to what we have in future for fuel. With Bunker prices going high, Ship Owners, charterers etc are finding it difficult to manage the cost of running. Plus now there is growing regulation over using the low sulphur fuel oils. Because of this reason, advance research is being carried out on fuels that can replace Heavy Fuel of today’s need. Running ships on duel fuel like gas and oil
etc is one option and currently being used on many ships. We might see, steam ships again coming back, but we still need energy to produce steam.
Challenges ahead Shipping Industry

More Players and Tough Competition

If we compare number of players that are operating now and those earlier, we will find a huge gap in it. Now since so many players are there, competition is tough and thus everybody has to deliver best. In the coming future times, we are expecting the competition to go up
only. You Might Also like to Read: Largest Ports in World by Handling Cargo Capacity

Troubled Economies

Well we all saw what has happened after 2009 economic depression. Lot of Shipping Company lost grounds and many gone shut.
In this volatile economic situation strategies and their implementation is very necessary with changing times. Failing this could result in heavy losses.
Shipbuilding houses also suffered huge losses, because owners either took back the orders or there were fewer orders for ship building.

Obsolete Cargo Types

Think of situation when we will not having certain types of cargo, like No Oil. Ship related to transport of oil will face huge challenges as what to transport in coming times when oil is not there. If Aviation Industry excels in transporting food products easily and cheaply, then we might have to say good bye to reefers on container ships.

Stiff Environment Rules

With environment rules and regulations getting strong, it is not easy to operate in water. The cost that are need in developing technologies and machines that can confer with these environment standards is not always easy. Since in coming times we see more strict norms to come, things won’t be easier as they used to be. If you liked reading ‘Future Challenges for Shipping Industry ‘, share with others.

You Might Like to Read These Posts Too:

Ashish S

Hi there! Well I am not a writer, just writes what can help people-that's it. Interested in listening from you. Loves to talk about gadget, music, nerdy stuff and witty substance in the talks. A Good respect in heart- for web.

Leave a Reply

Your email address will not be published. Required fields are marked *

Special Topics For You

Read these

Largest Shipbuilding Companies in World Shipbuilding is a process of making ships and other auxiliary related to it. Over the years, due to rise in trade through sea, a considerable amount...
5 Reasons Seafarers not Joining Merchant Navy Well how could be forget ‘Popeye the sailor man’, the sailor, that every child dreamt to become one. Over the years, sailing as a profession was h...
Largest Ports in World by Handling Cargo Capacity-... A port is a lot essential part for a country and it contributes significantly for the growth of economy of that country. Over the years, countries a...
Ultra Large Container Ships: All You Need To Know ULCC or Ultra Large Container Carriers are the new breed of ships that has taken the toll on the shipping market in a very short period of time. Let’s...
Offshore Jobs Opportunities for Seafarers after Se... Most of the mariners phase this acute dilemma, that what to do, after their sea career. Yes the anxiousness can be justified from the fact that, whe...
Naval Architecture Terminology and Coefficients of... The ship is defined in terms of its size and the shape. This is required to find out it’s characteristics for stability, resistance, power needed to...
Korea Maritime University Application, Ranking, Sc... Korea Maritime and Ocean University Ranking, Fees, Placements, Training Ships, Address, Sports, Employment Rate, Library and Address. After the Wor...
IMO Sets 2020 For 0.5 % Sulphur Limit In Marine Fu... In a recent move, international maritime organization has put .5% sulphur in the marine fuel oil cap. By 2020, all vessels have to comply with the abo...
error: Content is protected !!