With fuel prices soaring, the pressure to reduce costs has never been greater, so there is mounting anticipation of the next wave of cost-saving developments. The shipping industry is preparing to switch to a new generation of marine technologies that will reduce running costs and take operational efficiency to a level unthinkable only a few years ago. No area of ship construction will be unaffected; engine and propulsion systems, hulls and coatings are all about change radically. The innovation wave looks set to have one huge implication; it will make the industry not only more efficient but will help it comply with increasingly onerous environmental regulations.
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