The Africa Effect Predicted lower child mortality rates and higher life expectancy in Africa will boost the population by hundreds of millions over the coming decades. The African continent plays a very big part in global GDP and that role is set to become even more prominent. The significant population increase will result in a similarly sharp rise in trade to and from Africa, seeing it become a global trading force akin to the US, China and Europe.
In terms of what this currently means for the logistics industry, we can look to China as an example of a fast- developing relative newcomer that has firmly established itself as one of the world’s largest logistics suppliers. China only joined the WTO (World Trade Organisation) in 2001, and the countries that invested early are now benefiting from interconnected logistics networks between Europe and China.
Harbouring hope for the environment With the amount of goods transported around the world set for significant annual growth, the urgency to tackle climate change is likely to increase. The global transition to a cleaner maritime sector will result in the UK’s resilience to do all that is necessary to meet the commitments set out in the Paris agreement, including our pledge to produce net zero emission shipping by 2050.
Environmental sustainability in the sector will more likely benefit cash flow in the maritime industry, rather than hindering it. Less money spent on energy and fuel means more money spent on improving productivity by investing in digital practices; these digital solutions will not only improve sustainability, they will revolutionise processes, customer service, multi-site management and all the other key aspects of your business.
Similarly, there is a growing desire for access to even more remote locations, such as the Galapagos, Antarctica, and Asia. As a result, the number of explorer vessels and even yachts with ice-breaking hulls is increasing, as are long range vessels allowing for voyages across greater distance. Finally, the number of ancillary craft is rising to accommodate the storage of additional sporting items, like diving equipment, and to provide extra space for guests.
Today’s yachtsman is moving away from traditional structures, those with divided interiors and smaller outdoor spaces. Instead, there is an increased focus on the outdoor areas and creating a direct, intimate experience with the sea. Similarly, lighter and larger open-plan interiors are becoming more popular. This maximizes the space that a yacht’s inhabitants can share, and it enables yacht owners to incorporate the alfresco feel into the interior of the yacht.
Let’s take a look at Australia specifically
• Australians are a coastal people, known worldwide for their leisure and lifestyle, leading what is widely termed a “Mediterranean” lifestyle with alfresco-designed homes and cuisine, and culture influenced by their attachment to the sea.
• An interesting fact is that 10 percent of overnight accommodation stays are booked by people on a boating adventure.
• There are approximately one million boats registered in Australia and 30,000 new boats are registered every year.
• One in five Australians claim to be boaties, with one in 23 having personal access to a boat.
• There are 25 percent of the Australian population (5.8 million) who claim to go boating and in the state of Queensland, 34 percent of the population go boating.
• The marine industry in Australia is estimated to be worth AUS$8 billion, with an export portion of around AUS$1 billion.
• More than 3,500 marine businesses are involved that employ 28,000 people.
• The Gold Coast is the key national centre for manufacturing of marine crafts. The city’s boat building industry is estimated at AUS$330 million and directly involving more than 450 marine companies.
94 | The Report • December 2020 • Issue 94
boating
superyacht
Shipping
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