The worldwide shipping sector
As maritime is a vast, intricate and global industry, the factors that can affect trade are seen through a very wide lens and cannot be narrowed down to societal or political national influences. Global population, economy, trade and environment are shaping the way ports and vessels will operate in the next thirty years; these are the colours that paint a picture of what the maritime future will look like.
Read on to find the future trends that will affect the maritime industry.
Historically, we have only ever seen an upwards trend in seaborn trade and we will certainly continue to do so. Experts imply that pitting this trend alongside the constant growth of global GDP will see triple the current amount of goods being transported at sea in the coming decades.
We are yet to see a more practical way of delivering large volumes of cargo over long distances than shipping containers on trade vessels. The opportunity to capitalise on marine trade growth by expanding business and improving operational development in ports has never been better.
Trends in the Superyacht sector (including Megayachts and Gigayachts)
Taking into consideration the current state of the worldwide superyacht industry, here some trends that are expected over the next decade.
A superyacht is the ultimate platform for luxury. Superyachts have always been prized for their ability to offer supreme privacy. However, a new trend in secluded areas within the yacht itself is causing a different breed of yacht to take the world of luxury cruising by storm. As superyachts continue to grow in size, so do the possibilities for palatial private spaces, spas, balconies, cinemas, and gymnasiums. With high-tech office, yoga studios, and reading rooms in demand, impressive personal zones will continue to push limits. From snow rooms to private pool decks that transform into sports courts, nothing, it seems, is impossible when it comes to the latest trends in yachting.
Increasingly, individuals want to contrast the experience of five-star luxury with that of adventure. Since yachting provides freedom of the seas, they can decide where to go and when. Within Europe, newer yachting destinations such as the Eastern Mediterranean are becoming increasingly appealing.
Some boating stats – let’s start with those specific to the US
• In 2019, the Coast Guard counted 4,168 accidents that involved 613 deaths, 2,559 injuries and approximately $55 million dollars of damage to property as a result of recreational boating accidents.
• The fatality rate was 5.2 deaths per 100,000 registered recreational vessels. • Where cause of death was known, 79% of fatal boating accident victims drowned. Of those drowning victims with reported life jacket usage, 86% were not wearing a life jacket.
• Where length was known, eight out of every ten boaters who drowned were using vessels less than 21 feet. • Alcohol use is the leading known contributing factor in fatal boating accidents; where the primary cause was known, it was listed as the leading factor in 23% of deaths.
• Where instruction was known, 70% of deaths occurred on boats where the operator did not receive boating safety instruction. Only 20% percent of deaths occurred on vessels where the operator had received a nationally-approved boating safety education certificate.
• There were 171 accidents in which at least one person was struck by a propeller. Collectively, these accidents resulted in 35 deaths and 155 injuries.
• The 11,878,542 recreational vessels registered by the states in 2019 represent a 0.22% increase from previous year when 11,852,969 craft were registered.
The Report • December 2020 • Issue 94 | 93
boating
superyacht
Shipping
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