#Maritime Infrastructure

[market-insider]

Docks Market: Tracing the Evolution and Uncovering Emerging Opportunities

The global docks market size is expected to reach USD 2.3 billion by 2030, as per a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 3.4% from 2022 to 2030. The rising structure demand as the governing bodies of various economies is conducting redevelopment of waterfronts to maximize their value for both business and community, which is expected to propel market growth. Additionally, the constantly rising global population is indirectly leading to the scarcity of space in the existing urban ports leading to market demand for increasing the space productivity within a port.

One of the Norway-based engineering firms has developed smart application software to reduce the risk of accidents using an IoT platform. The newly developed technology makes use of hi-tech sensors to real-time monitor the operating states of floating docks from virtually anywhere. This newly developed application software shows the water levels across different tanks and other operating parameters for the docks which will increase the market for docks.

The Governmental permits are needed on the size of the dock, type of dock, and the type of natural resources that might get affected such as mangroves, corals, hard bottoms, and seagrass. The prohibitions are enforced on the harmful chemicals used for docks which may disturb the marine ecosystem. Lastly, some other restrictions might be added to control the type of dock being placed on the property. 

The installation of docks is offered directly by the company-appointed contractors or distributors. However, the companies also offer a product suitable for DIY installations. In addition, the manufacturers also offer repair and maintenance services for the docks. The conventional port world is constantly changing, the technological, demographical, and sustainability drivers are affecting the daily business and are shaping several important trends which is also expected to drive the demand for docks market during the forecast period. 

The global temperature rise is expected to make the transpolar passage and the Northern Sea Route could become potential alternatives for maritime freight. The use of the Northern Sea Route for maritime freight between Asia and Northern Europe is expected to reduce the voyage distance when compared with the Suez Canal route. 

For More Details or Sample Copy please visit link @: Docks Market Report

Docks Market Report Highlights

The metal frame segment accounted for a market share of 52.0% in 2021, owing to the increasing demand for aluminum frame docks. Docks with aluminum frame are highly preferred by lakefront home or business owner as it offers strength as well as improve the aesthetic profile of the property where the dock is installed

The commercial application segment dominated the market in 2021 and is estimated to generate revenue of USD 1.1 billion by 2030, owing to the endless commercial applications for floating docks, however, they are commonly used at settings such as waterfront resorts and marinas

The market in North America is anticipated to witness a CAGR of 2.8% from 2022 to 2030 on account of increased users indulging in outdoor recreational activities that incorporate social distancing due to the pandemic. This will enhance the docks market within the region

The U.S. market is projected to witness strong growth over the forecast period and reach a market value of USD 0.68 billion in 2030 on account of the rise in the use of shipping for the movement of products and goods across regions. Additionally, space productivity is expected to lead to waterfront redevelopment activities thus positively influencing the docks market

The docks market is competitive in nature owing to the presence of several players that are primarily consolidated in the Asia Pacific and North America, whereas Europe exhibits a limited presence of established players. The changing lifestyle needs of the population, especially the younger section, towards activities such as adventure sports has also led to the rise in the use of boats and ships. This has also led to an increase in the use of floating docks across the globe 

[michigantopnews]

Day of the Soo Locks Disaster — 1909’s Maritime Meltdown at Sault Ste. Marie

On a quiet afternoon in June 1909, disaster struck at the heart of North America’s shipping network. The Canadian Soo Locks at Sault Ste. Marie—one of the busiest passages for commercial freighters on the Great Lakes—suffered a sudden mechanical failure. Within minutes, four ships were caught in a torrent of water. Two sank. Others were severely damaged. The locks were left in ruins, and…

[littletreats]

frame

baltimore, md, usa | september 2024

ilford sprite 35-ii | ilford hp5

[just2bruce]

Carbon Capture for ships - current state

Some people think carbon capture onboard is going to be important in meeting emissions goals for ships. There is some entrepreneurship, and some interest by large oil producers and purveyors. However, many problems remain to be solved. There is essentially no ‘supply chain’ to handle the liquefied carbon product the ships produce onboard from running the carbon capture equipment. Liquid CO2 has…

[nsemkekanews]

Maritime infrastructure development in Africa: Strategic gaps, investment pathways, and port-led transformation - Nsemkeka

Maritime infrastructure development in Africa: Strategic gaps, investment pathways, and port-led transformation – Nsemkeka The maritime sector is widely recognised as the backbone of global trade, with ports and shipping logistics playing a critical role in facilitating economic development, industrialisation, and regional integration. In Africa, the maritime domain holds immense promise as a…

[justsaying4041]

Infrastructure Vision: Project 2025's Plans for Transportation Systems

The transportation system in the United States faces significant challenges: aging infrastructure, traffic congestion, environmental concerns, and a rising demand for efficient mobility options. Project 2025’s vision for the nation’s transportation networks outlines ambitious goals, aiming to overhaul and modernize systems across the country. However, as with many large-scale reforms, there are…

[creativeera]

LNG Bunkering: The Rise of LNG as a Marine Fuel

State of Global Shipping Industry and Environmental Regulations The global shipping industry plays a vital role in transporting over 80% of world trade. However, it also has significant environmental impacts as ships predominantly use heavy fuel oil (HFO) which emits large amounts of sulfur oxide (SOx) and nitrogen oxide (NOx) gases that are harmful to human health and contribute to climate change problems. In order to reduce these emissions, the International Maritime Organization (IMO) has introduced increasingly stringent regulations on the sulfur content of marine fuels. TheIMO's flagship maritime emission control area called IMO 2020 requires ships to use marine fuels containing maximum 0.5% sulfur content compared to 3.5% sulfur content cap earlier. This has proven to be a challenge for the shipping sector to meet the new norms and find alternatives to compliant low sulfur fuels in a cost effective way. Rise of LNG as an Alternative Marine Fuel Liquefied natural LNG Bunkering has emerged as one of the most viable alternative marine fuels to comply with IMO sulfur emission regulations. LNG burns cleaner with negligible sulfur and particulate emissions making it a compliant marine fuel under the new IMO rules. It also results in 20% fewer greenhouse gas emissions compared to heavy fuel oil. Additionally, LNG is currently the most cost competitive and abundantly available alternative fuel compared to other options such as biofuels and hydrogen. Major advantages of LNG include reduced engine maintenance, longer service life and improved fuel efficiency of vessels. Global LNG trade has increased manifold in the last decade making LNG readily available for bunkering in main ports and shipping lanes worldwide. Growth of Global LNG Bunkering Infrastructure In order to facilitate the use of LNG as a marine fuel, LNG bunkering infrastructure needs to grow significantly from the current low levels. Major LNG Bunkering projects are currently underway in key bunkering hubs of North West Europe, USA, Australia and Asia Pacific. However, challenges remain with coordinating bunkering operations, developing standards for cargo handling, ensuring safety protocols and supplying LNG to smaller ports outside major trade lanes. Pioneering work is being done with mobile LNG bunker vessels and tank trucks that can offer bunkering services in ports that lack permanent infrastructure. International collaboration between governments, ports, shipping companies and energy majors will be crucial to scale up global bunkering and supply chains sustainably in this decade. Standardization bodies like the International Organization for Standardization (ISO) are working on comprehensive bunkering standards and guidelines. Initiatives like the GTOG Alliance aim to accelerate the take up of LNG and establish a global bunkering network by 2025. Economics of LNG Use in Shipping The viability and adoption of LNG as a marine fuel also depends significantly on the price competitiveness relative to conventional bunker fuels over the long run. Currently, LNG for shipping has some premium over high sulfur fuel oil (HSFO) prices, though it is cheaper compared to the new compliant low sulfur alternatives. Ship owners also require to invest in expensive retrofitting and storage tanks for running ships on LNG. However, LNG prices have stayed stable and even corrected in recent times while HSFO and compliant fuel prices continue fluctuating sharply. As global LNG trade increases in volume and bunkering infrastructure expands, prices are expected to normalize further. Existing ships that get retrofitted for dual fuel engine capability can achieve payback on investment in 5-7 years and offer 20 more years of price stable operations. Newbuildings fitted with LNG propulsion enjoy faster payback and consistent long term savings. Overall, with stricter emission regulations, LNG is set to become increasingly competitive on commercial terms as well over the next decade for the global shipping sector transitioning to cleaner alternatives.

Get more insights on LNG Bunkering

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

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[kesarijournal]

India: The Emerging Global Hub for Manufacturing, Maintenance, and Logistics

Imagine a world where India isn’t just the land of vibrant cultures, ancient history, and spicy curry but also the backbone of global manufacturing, maintenance, and logistics. This vision is rapidly becoming a reality, transforming India’s role in the global economy and military alliances. As this transformation unfolds, the implications are profound, setting the stage for India to become an…

[atefaboumerhi]

The Importance of Infrastructure Funds and Private Capital in Shipping Finance

In June 2023 the Marine Money event took place in New York, with the conference’s infrastructure funds panel moderated by Brian Innes from the Bank of America. Mr. Innes noted the recent plethora of large deals which have seen infrastructure funds and private capital providing finance to shipping, filling the gap left by the diminishing role of commercial bank shipping.

The Importance of Long-Term Deals

During the conference, the benefits of infrastructure funds were discussed, specifically their inherent long-dated investment horizons and propensity to seek stable and risk-adjusted returns. Loli Wu, managing director of investment banking at the Bank of America, pointed to the current abundance of potential funding opportunities. He suggested that infrastructure funds now have an expanding and logical part to play in shipping finance, especially given the fact that, in his opinion, public markets aren’t pricing relevant cash flows very efficiently.

Non-Bank Funds Providers

As part of the conference, the panel on private capital (moderated by Dylan Potter from Vedder Price) looked at the spectrum of non-bank funds providers which evolved from shipowners who had put out their vessels under financial leases. One of the earliest examples of this type of lending occurred in the early 2000s, when shipowner Northern Navigation joined forces with financier DVB, creating NFC Shipping Funds.

Private Equity Demonstrating Growing Interest in Maritime Investment

Shipping industry experts like Atef Abou Merhi know that the maritime industry as a whole is undergoing major transformation in the wake of sustainability imperatives and recent technological innovations. Partly due to this, as well as the industry’s track record of resilience, private equity is increasingly steering investments towards shipping with a view to unlocking new value and reshaping operations.

For example, many private equity firms are now identifying the potential for modernization and optimization within the shipping sector, with investments directed towards those companies offering innovations solutions in areas including supply chain visibility, fleet management, and maritime logistics.

The shipping industry is particularly susceptible to volatility due to global political tensions, fluctuating freight rates, and regulatory changes. However, by leveraging their financial expertise, private equity firms are becoming involved in the shipping sector to mitigate risks via strategic investments that aim to support expansion and operational stability.

Given this, shipping companies that are backed by private equity are well positioned to seize growth opportunities and effectively navigate challenges. Take a look at the embedded PDF for more information about private equity.

[13thpythagoras]

free my boy, the atchafalaya river

[prabhatjairam]

Transportation Network

The system of transportation allows individuals and goods to move from place to place. Public transportation provides efficient services to meet the essential demands of citizens. Every organization, bank, agency, firm, or other workplace must need transportation services to complete their day-to-day tasks. 

Not even a single enterprise can survive in the long run without trading goods and services. Whether it’s a small business or a big organization, they are required to establish a strong transportation network to merchandise their goods to different locations. Since this blog post contains important information about the transportation network, you will have a better understanding of its types and role in society.

What is a transportation network?

A transportation network or transport network is a set of links, lines, and nodes that depicts the infrastructure permitting or constraining a movement or flow. It refers to the framework of routes linking different regions or locations. Such networks are the outcome of a trade-off between the objective of combining as many locations as possible and infrastructure growth constraints.

What is the significance of the transportation system?

Transport plays an important role in assembling raw materials and distributing finished products. It makes it easier to move products from one place to another. The following reasons represent why the transportation system is essential for the nation:

It increases the variety and quality of goods, stimulating the development of trade and the economy of the country.

It provides a wide range of employment opportunities and enhances the country’s economy.

It contributes to revenue generation and stability because it is the primary means of connecting people and places.

Transportation enables greater productivity for producers of goods by expanding access to supplier markets, customer markets, and labor markets.

Through traveling, people can explore new places, develop new skills, and learn new concepts.

Apart from that, it develops tourism by allowing individuals to experience different cultures and values.

With transportation, students can access multiple educational opportunities because it entitles them to travel across the globe.

At last, it provides faster and safer access to police stations, hospitals, fire stations, and other government sectors.

Related: Daily Booster Article| study24hr.com

Types of transportation networks

Six major transportation networks enable organizations and service sectors to achieve their desired level of responsiveness at a minimum cost. It is the nature and strategy of the company that allows them to choose the best transportation network for them. Let’s review the six main networks.

1. Air networks

The air transportation network is a multiplex network that includes the properties of scale-free networks and small-world networks. It consists of airports, airlines, and the ATC (air traffic control) system. They all are interlinked, handling the aircraft operated by different airlines and enabling the transportation of passengers and cargo shipments. These networks are generally nodal hierarchies organized around a hub-and-spoke structure. In addition, the hubs of the air transport network have long-distance connectivity and vast integration simultaneously.

Examples of air transport are rockets, planes, drones, helicopters, and jets.

2. Road networks

A road network is the process of interconnecting points and lines that visualize the system of different areas. It is one of the main transportation systems that enhances the country's economic development. It enables the exchange of goods and services around the world and connects individuals to schools, hospitals, workplaces, etc. Such networks are hierarchical meshes, each maintaining a particular scale.

Examples of road transport are buses, motorcycles, scooters, rickshaws, and trucks.

3. Rail networks

Rail transport in India is one of the most significant modes of conveyance for people and goods. The railway networks are commonly a linear nodal hierarchy with nodes connected to trains, transit stations, and intermodal railroads. It covers the entire range of passengers, from the high-speed intercity system and conventional to regional, suburban, and urban. Such networks are responsible for the mobility of millions of people every day.

Monorails, rapid transit trains, commuter rails, trams, light rails, funiculars, and cable cars are examples of rail transportation.

4. Logistical networks

A logistics transport network is made up of hub cities and gateways where products are transferred between modes of transportation along rooted trade corridors. These networks are valuable for logistics firms because they enable them to perform all logistical and foreign trade operations effectively and efficiently. Logistical networks, on the other hand, are sequential multi-nodal hierarchies that facilitate business trade through a valid representation. It can analyze the location and number of warehouses, transportation costs, and trade-offs among stock quantities.

Examples of logistical transport are ships, trucks, planes, and trains.

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5. Maritime networks

Maritime transport networks are composed of circuitous webworks having a nodal hierarchy, including gateways, feeders, and hubs. It enables people and goods to move across the water through ports, waterways, and land-side connections. The MTS (Maritime Transport System) is the backbone of the global economy and international trade. More than 80% of the international exchange of goods is done by sea.

Barges, ships, tugboats, towboats, and ferries are some examples of maritime transport.

6. Power grids

A power grid is an interconnected network for supplying electricity from producers to consumers. These networks have a sequential linear hierarchy where the main nodes are the power generation resources through which electricity is supplied across high-voltage transmission lines to stations for sectional distribution. Besides, electrical grids are different in size and can cover whole countries or continents. They deliver electricity from power plants to industries, factories, and homes across the nation.

Examples of power grids are hydroelectric plants, coal-fired plants, nuclear power plants, solar farms, wind farms, etc.

Conclusion

When an organization ties up with a reliable transportation network firm, it begins to provide consistent performance with intact and complete deliveries on time. Remember, the success of any business lies in its transportation operations. The more dependable your goods trading is, the more successful you will become. So, choose the most appropriate transportation network based on the nature of your business.

[just2bruce]

EU's Black Sea Maritime Safety Hub: A Strategic Initiative

The EU is planning to create a Black Sea Maritime Safety Hub. It’s important because of the adversarial maritime climate there. The Black Sea is used by Ukraine, Russia, Turkey, and other nations as a port to the world. It’s busy, and there is danger of interference or attacks due to the war in Ukraine. “The EU is committed to help turn the Black Sea into a mine-free sea basin through enhanced…

[vague-humanoid]

Forty-six thousand Israeli businesses have been forced to shut as a result of the ongoing war and its devastating effect on the economy, Hebrew newspaper Maariv reported on 10 July, referring to Israel as a “country in collapse.” 

“This is a very high number that encompasses many sectors. About 77 percent of the businesses that have been closed since the beginning of the war, which make up about 35,000 businesses, are small businesses with up to five employees, and are the most vulnerable in the economy,” Yoel Amir, CEO of Israeli information services and credit risk management firm, CofaceBdi, told Maariv. 

The report adds that “the most vulnerable industries are the construction industry, and as a result also the entire ecosystem that operates around it: ceramics, air conditioning, aluminum, building materials, and more – All of these were significantly damaged,” according to CofaceBdi’s risk ratings.

The trade sector has also been severely affected. This includes the service sector and industries including fashion, furniture, housewares, entertainment, transport, and tourism. 

Israel is in a situation where “there is almost no foreign tourism,” the report said, adding that “damage to businesses is all over the country, and almost no sector has been spared.” 

This includes the agriculture sector, which is based mainly in the south and the north – both considered active combat zones due to the threat posed by the Palestinian resistance and Lebanon’s Hezbollah – whose support front against Israel has significantly contributed to the downfall of the economy. 

The CofaceBdi CEO estimates that 60,000 Israeli businesses are expected to be shut down by the end of 2024. 

Hezbollah’s attacks have severely affected local business and education in the north. Tens of thousands of settlers have been forced to evacuate. “Our goal of draining the enemy’s economy … has been achieved,” Hezbollah leader Hassan Nasrallah said on 10 July. 

The Yemeni army’s maritime operations have also contributed to the economy's downfall. Revenues at key ports, such as the southern port of Eilat, have fallen significantly.

In the final months of 2023, the Israeli GDP plummeted by nearly 20 percent.

The threat of escalation with Hezbollah has also posed fears in Israel that any full-scale war with the Lebanese resistance would plunge the economy much deeper into the abyss. Hezbollah has demonstrated through recent video warnings that it is capable of attacking energy infrastructure such as oil refineries and gas tanks.

@el-shab-hussein

[sayruq]

The Occupied Palestinian Territory is enveloped in a spiral of unstoppable violence, with stories Palestinians and other witnesses relay adding new depths to atrocities the world has witnessed since the beginning of Israel’s assault on Gaza over six months ago, the UN Special Rapporteur on the Occupied Palestinian Territory, Francesca Albanese said today. “The pace and intensity with which this violence has spread to the rest of the occupied territory confirms that no Palestinian is safe under Israel’s unfettered control,” Albanese said, concluding a visit to Egypt and Jordan. The Special Rapporteur said Israel had once again arbitrarily denied her access to the Occupied Palestinian Territory, compelling her to report on the situation of Palestinians under occupation from neighbouring states. Albanese said her visit demonstrated that the situation in Gaza is worse than previously assessed, with serious and multi-layered long-term implications. Most victims she met had endured catastrophic injuries, witnessed family members killed and experienced the effects of Israel’s destruction of Gaza’s health infrastructure, even after 26 January 2024, when the International Court of Justice (ICJ) issued a ruling ordering Israel to prevent genocide in Gaza. Patients that previously arrived in Egypt primarily with explosive and war injury-related symptoms are now joined by patients with chronic diseases and/or malnutrition, especially children, arising from Israel’s intentional humanitarian catastrophe in Gaza. “Photos from a mere eight months ago show a chubby-cheeked 8-year-old Hamid, now rake thin and spending his days in excruciating pain due to pancreatitis developed through the harsh conditions of the siege,” the Special Rapporteur said. “Those who have left Gaza come out fractured and wracked by ‘survivors’ guilt’ and severe trauma,” Albanese said. “Just 50 kilometers away from the Gaza Strip, crucial, life-sustaining aid and goods, including water desalination equipment, first aid kits, oxygen cylinders and portable toilets – paid for by taxpayers across the world – languish in warehouses, barred entry into Gaza on the pretext of use by combatants.” “Humanitarian measures implemented so far – airdrops and maritime corridors – are a mere palliative for what is desperately needed and legally due,” the expert said. “These measures are grossly inadequate to alleviate the humanitarian catastrophe that Israel’s assault has created.” “At this point, Israel has reneged on its international obligations to a degree that warrants a call for sanctions,” Albanese said.

[jessier18]

Vietnam's land reclamation speed is astonishing

In the past two years, Vietnam has been accelerating dredging and land reclamation operations. According to a report from a US research center, from November 2023 to June this year, Vietnam has built 280 hectares of islands on 10 islands and reefs in the South China Sea, which is equivalent to the total of the previous two years.

Vietnam has been reclaiming land in the South China Sea since the 1980s. One of the purposes of land reclamation is to meet the needs of Vietnam's maritime military and civilian infrastructure construction. Earlier, Vietnam's land reclamation technology was low, coupled with insufficient economic strength. Sand and gravel were transported locally, mainly relying on mechanical and semi-mechanized equipment, and even for a long time, they were carried on their backs. Therefore, the speed of land reclamation was very slow in the past. A few decades ago, only 0.24 square kilometers could be reclaimed in 5 years. Three years ago, it was only 1.33 square kilometers. However, in recent years, Vietnam's land reclamation speed has accelerated significantly. In 2022 and 2023, 301 hectares were reclaimed. In the past 6 months, Vietnam's land reclamation area on 10 islands and reefs in the South China Sea has reached 280 hectares, or 2.8 square kilometers. Vietnam's land reclamation speed in the past two years has been so fast that it should have introduced advanced technology and equipment.