THE FORECAST
$
1
B
ADDRESSABLE MARKET SIZE BY 2027
1
SHIPS CURRENTLY IN THE WORLD MERCHANT FLEET
>
1
%
ORDERS OF LUBRICATION SYSTEMS HAVE INCREASED IN THE LAST 18 MONTHS
1
%
SHIPS CURRENTLY IN THE WORLD MERCHANT FLEET
Maritime transport is essential for the world’s economy with over 90% of global trade being carried by sea. Shipping is a complex system, made up of various actors and fragile interdependencies. Pressure is mounting for shipping to decarbonise and transition to more sustainable operating practises. Armada’s commercially attractive technology will help vessel operators meet the often-competing objectives of regulatory compliance, reduced operating cost, and enhance environmental stewardship.
Incoming environmental regulation such as EEXI and CII require ships to become ever more energy efficient and reduce environmental impact. A ‘need being the mother of invention’ ethos has meant that the supply of innovative technological solutions has lagged behind industry demand. Stakeholders across the maritime ecosystem now demand a clean transport network and to stay competitive owners now seek high performance, commercially viable and readily deployable efficiency solutions.
ADDRESSABLE MARKET SIZE BY 2027
SHIPS CURRENTLY IN THE WORLD MERCHANT FLEET
ORDERS OF LUBRICATION SYSTEMS HAVE INCREASED IN THE LAST 18 MONTHS
SHIPS CURRENTLY IN THE WORLD MERCHANT FLEET
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