The prospects of the Maritime Industry for 2023

During 2022, the shipping industry dealt with the fallout of the Covid-19 pandemic and serious geopolitical tensions. Nowadays, topics such as Environment, Energy Efficiency, Decarbonization & alternative fuels, ESG, Cyber Risks, Digitalization, Quality Assurance, DryBMS, TMSA & Rightship, Human Element & Mental Health, Training &Soft Skills, develop a new highly competitive business environment for the maritime community.

There is constant pressure, which will increase into the future, to reduce the carbon footprint of the world’s shipping fleet. The IMO’s goal is to reduce the carbon intensity of all ship by 40% by 2030 and 70% by 2050, has shown the road to all companies, to increase their efforts towards this goal achievement and to comply with the international regulations, that become stricter, every day. Additionally, EU guidelines encourage the use of more sustainable (either renewable or lower carbon) fuels by mitigating market barriers and technological uncertainty. A progressive reduction of greenhouse gas emissions from 2025 onwards, is required.

On the other hand, rapid digital transformation provides a competitive advantage and enables shipping companies to be more efficient. As the business ecosystem expands, a shipping company must shift its efforts to increase its resilience against cyber threats and protect computers, networks, programs, and data against unauthorized access.

These are just some of the trends that are making marine technology such an exciting and challenging field to be working in at present. As the maritime world is getting increasingly complicated and the need for niche, expert consulting in a wide range of issues, is becoming increasingly obvious.

The aim of Margetis Maritime is to provide a more comprehensive, holistic approach of consulting services to maritime institutions, depicting the modern needs of shipping.

George D. Margetis, Naval Architect & Marine EngineerB.Sc., M.Sc., S.M. CEO, Margetis Maritime

“Numerous prospects can be mentioned, related to various aspects of the maritime industry: technological and environmental, economic and financial, managerial and operational. Among them, themes related to Green -and clean- Shipping through the use of alternative energy sources, digitalization and automation, the human element and ESG factors should be highly positioned in the list of prospects”.

Seraphim Kapros