Cargo Carriers Accounted for 5 in 10 Marine Shaft Power Meters Sold in 2018, finds Fact.MR
Verfasser: ashwani_kailiya on Monday, 21 January 2019According to a recent Fact.MR study, over 1,900 units of marine shaft power meter are likely to be sold in 2019. Growth of the marine shaft power meter market can be attributed to various factors including
Growing seaborne trade that relies heavily on cargo carriers
Development of technically advanced and cost-effective solution and increasing demand for new marine shaft power meter to optimize fuel saving
Imposition of new regulations on the shipping industry to reduce greenhouse gas emission
The study opines that cargo carriers hold relatively larger share of the marine shaft power meter market, than passenger vessels. More than 50% volume sales of the marine shaft power meter were held by cargo carriers in 2018. This can be attributed to efforts of ship owners in Germany, China, and Canada, toward strengthening their hold in the container space, in line with the upward trend of container-based shipping services in sea-borne trade.
Seaborne trade will continue to expand worldwide on the back of competitive freight cost, as carriers increasingly invest in large container vessels for realizing the supply and demand balance. Freight carriers are also making significant investments in green technologies, to comply with new regulations, and meet logistics demands of companies that seek sustainable transport solution.