Navigating Efficiency in Maritime & Shipping Logistics: Digitalizing
the First Mile
By Vinita Gera
The global maritime and shipping logistics sector is the backbone
of international commerce, with over 80% of world trade volume
transported by sea.
Current Maritime Market Analysis
2.9 Trillion
Placed global value by 2035 in
Maritime logistics market projections
2.7%
Annual Growth
Forecasting
Over 90%
Of the world’s active fleet still relies
on conventional fuels.
Multi-region sourcing and long lead times: Major shipbuilding parts, marine engines and critical spares are sourced from concentrated manufacturing hubs (e.g., South Korea, Japan, Germany, China) while renewable components may come from Europe, Asia and North America – adding layers of cross-jurisdictional complexity. Average lead time for new bulk carrier orders hit a 7-year peak in 2025, exceeding 2.5 years due to constrained shipyard capacity and prioritization of higher-margin vessel types. Also, Red Sea maritime security issues have forced vessels to reroute around Africa, adding up to two weeks and nearly $1 million in costs per voyage.