Ship Technology

Continuous engine monitoring helps reduce operating costs. Credit: Shutterstock With the global marine freight industry growing by 3.4% in 2024 to reach a value of $2,098.2 billion, according to GlobalData, it is evident that this is an industry that continues to thrive. However, the degree of rivalry in the global marine freight industry is strong, driven by fierce competition among the major players and the existence of shipping alliances[i].

Fresh off its Innovation Award win in the 2025 Ship Technology Excellence Awards, SecureLoad Systems lays out a clear diagnosis of why cargo operations still lag other parts of shipping’s digital transformation.

The Ship Technology Excellence Awards winners have been announced! Download our full 70+ page report to find out more The Ship Technology Excellence Awards Winners have been announced! To see the full list, you can download the full 70+ page report from the following link: Search to find out if your company is a winner Search winners Download Awards Report The Ship Technology Excellence Awards celebrate the greatest achievements and innovations in the shipping industry.

DEME’s WTIV Norse Wind on the day of delivery in 2025. Credit: © DEME/ABB. ABB has completed sea trials of its new Dynamic Positioning Class 2 (DP2) technology onboard Belgium group DEME’s new wind turbine installation vessel Norse Wind. A DP system help keep a vessel steady by counteracting movement caused by waves, wind, and other environmental factors. The system enables the vessel to remain at a specific location for extended periods.

In this interview, Bahri Chemicals President Faisal Al-Husseini details how the company is advancing the maritime industry’s next wave—following Bahri’s win of the Innovation Award for Advanced Immersive Maritime Training in the 2025 Ship Technology Excellence Awards.

India’s first hydrogen fuel cell powered vessel reaches Varanasi in Uttar Pradesh for deployment. Credit: Inland Waterways Authority of India via X.com. India’s Ports, Shipping and Waterways (MoPSW) Minister Sarbananda Sonowal has launched the commercial operations of the country’s first hydrogen fuel cell-powered passenger vessel at Namo Ghat in Varanasi.

SecureLoad Systems, a joint venture by Admaren Tech and Hoppe Marine, has won the Innovation Award in the Loading & Stability category in the 2025 Ship Technology Excellence Awards for its SecureLoad platform. SecureLoad is a web-based loading computer and stowage planner that addresses long-standing limitations of traditional, desktop-era vessel loading systems.

For many mariners, propulsion options haven’t changed much in the last century: you either use an inboard engine connected to a propellor shaft, or an outboard engine mounted on the rear. Both come with some considerable trade-offs, writes  James Edwards, Marine Chief Engineer at Helix. For an outboard, the trade-off is the deck space sacrificed to accommodate the engine itself – often some of the most valuable ‘real estate’ of a vessel.

The industrial sector is under intense pressure from a confluence of geopolitical, economic and technological forces. A long era of hyper-optimized, globe-spanning supply chains is giving way to more regional, risk-aware models as military tensions, tariff regimes and export-control rules reshape the calculus of where and how to produce. Friendshoring, reshoring and nearshoring are no longer slogans in policy papers – they are reshaping plant footprints and supplier rosters.

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has formalised a shipbuilding contract worth $1.456bn with global shipping company HMM. The contract covers the construction of eight container vessels, each with a capacity of 13,400 twenty-foot equivalent unit (TEU). Discover B2B Marketing That Performs Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.