Innovation

The possibilities and benefits of electrification have multiplied with advances in battery technology. New battery systems can take ships further, reduce emissions, and lower maintenance burdens by optimizing how engines and generators run. The instantaneous energy of electric-powered vessels also boosts ship performance while enhancing safety by the addition of redundancy provided by battery (hybrid) power systems.

More than 1,000 autonomous ships operated worldwide in 2021, with organizations across North America, Europe, and Asia continuing to invest in these advanced technologies. In 2021, experts valued the global autonomous maritime vehicle industry at over $6 billion and predict its value will grow to over $10 billion by 2030.  AI is helping many industries manage operations and implement improvements. In the maritime industry, crew members and vessels can experience many benefits from implementing AI and machine learning into equipment.