Our industry is one that faces constant change. We must continually adapt to meet the needs of our customers, ensuring that their products arrive safely and in proper condition. Adjusting to the growth of the pharmaceutical industry and the growth of technology are two of the most significant challenges our industry faced over the past few years. What does the future of the shipping industry look like moving forward?
Bigger Ships
Companies are beginning to realize that ocean freight is a more efficient way to ship goods. Although airline freight is quick, it is considerably more expensive, more harmful to the environment, and less reliable at protecting against temperature excursions. This year, we saw the finishing touches put on the construction of the world’s largest container ship.
The MOL Triumph measures 400m long and can transport 20,150 TEU containers. Our industry will have to work on maximizing container space on these mega-ships, which are only expected to get bigger. We will also have to work on the logistics of shipping a broad product line with different temperature requirements.
A Focus On The Environment
Whether it’s because of a desire to be socially responsible or requirements enacted by governments around the world, companies will have to become more environmentally-conscious when shipping. Many in our industry have already begun researching ways they can reduce their carbon footprint, including ways to streamline the design of ocean carriers to minimize the amount of fuel used.
Companies should also expect to begin using liquified natural gas as fuel. This is a greener alternative to traditional fuel methods, with the potential to reduce carbon emissions by as much as 25%. Liquified natural gas can also be competitive on price. While currently only available in specialist vessels, it could become more widely used in the coming decades.
