Tag: trends

The COVID-19 pandemic has brought an overhaul to our everyday lives, including our jobs. In fact, companies and employees had to adopt to a new reality, which brought new behaviors that are likely to stay, establishing new trends in the workplace.

Automation is slowly but steadily entering the maritime industry, offering new possibilities. New projects are emerging more and more often, showcasing that autonomous operations are starting to become a new reality for shipping.

In its latest report, Allianz reports that the shipping industry has shown great resilience through the pandemic but the crew change crisis, volatile trade volumes and constraints on capacity continue to have significant implications. 

Allianz published its Shipping and Safety review for 2021, identifying loss trends and a number of risk challenges for the maritime sector. According to the report, 49 total losses took place in 2020, which represent a 50% decline over a decade.

In 2020, the execution of remote surveys increased exponentially, not only for activities on board vessels but also for inspection at workshops and other inspection and certification applications.

Floating wind, green hydrogen production, Carbon Capture and Storage and new battery technology will be among the top ten technologies that will drive the energy transition in the next five years, according to a new report by DNV.

As more experience is gained through hydrogen pilot projects, the marine industry is expected to adopt hydrogen as an environmentally friendly fuel of choice, according to a new whitepaper by ABS. 

China is expected to primarily drive the LNG regasification capacity additions globally by 2025, with Europe and Middle East being the second and third highest contributors respectively, according to analytics company GlobalData.

A trio of Covid-19 related risks, inlcuding Business interruption (#1 with 41% responses), Pandemic outbreak (#2 with 40%), and Cyber incidents (#3 with 40%), makes the top three global business risks awaited this year, according to the 10th Allianz Risk Barometer 2021. 

The shipping industry will be facing the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, due to a diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth, said global shipping consultancy Drewry.