Shipping industry is one of the oldest industries which is vital for the transportation of goods across the nations. The significance of this industry in the business domain can be gauged from the fact that more than 90% of the world trade is carried out by the international shipping industry alone. Moreover, 50,000 merchant ships from 150 nations transport almost every type of cargo with the assistance of over a million seafarers coming from virtually every nationality.
Experts believe that low freight costs and economic liberalization among other factors will propel the growth of the shipping industry in the near future as well. However, there is a need to overhaul the marine industry in order to match its pace with the ongoing tech revolution. There is a need for one solution that can help naval architects to design, develop and support naval operations in order to achieve efficiency and improved fleet performance at reduced cost. Siemens marine software can help naval architects to meet such objectives. Moreover, this solution has the potential to increase shipbuilding innovation and build better and more affordable ships and maximize your share of future fleets.