The global maritime market has undergone significant change in the last few years due to the introduction of stricter emission regulations. The increasing demand for sophisticated warships from several countries is likely to be crucial for the global maritime market, though the rising volume of marine trade could also benefit the sector.
The increasing attention being paid to sulfur emissions from ships is a key factor in the changing dynamics of the global maritime sector. Ultra-low-sulfur fuels are likely to become the norm in marine design in the coming years, requiring large-scale changes in existing ships. The retrofitting of old ships as well as the rising demand for new ships makes these regulations, which have had a strong impact in Europe, vital for the maritime market’s future.
The maritime market intelligence repository of QYResearchReports.com features reports illustrating every aspect of the sector. Reports focusing on key product and regional segments of the global maritime sector are also available on QYResearchReports.com.