The Marine & Shipping industry contains an "Other Marine Services" segment which encompasses multiple diverse activities that do not belong to
shipbuilding & MRO (maintenance, repair, and overhaul) or marine logistics operations. The category includes specialized support services that help maintain maritime operations through safety, efficiency and sustainability.
The segment provides marine insurance, port & harbor management support & consulting, waste management, vessel chartering booking & marketing, bunkering and fuel management and marine consulting and compliance advisory services. The
maritime ecosystem depends on these services to connect its various components which enable shipping companies, port operators and vessel owners to operate efficiently across international waters.
The segment has gained strategic importance because of new global maritime challenges that have emerged. The implementation of IMO 2020 sulfur cap and upcoming carbon intensity targets creates market demand for marine compliance services, fuel efficiency consulting and carbon offsetting solutions. The rising threats of piracy, cyberattacks and severe weather events have made marine insurance and risk management solutions more vital than ever. The development of Asia-Pacific, African and Middle Eastern ports through modernization initiatives leads to increased requirements for dredging services, pilotage support and tug boat operations.
The sector undergoes transformation because of technological advancements and sustainability initiatives. Digital
port management systems together with AI-based route optimization and blockchain-based marine insurance solutions enhance operational transparency and efficiency. Companies are developing green bunkering solutions that use biofuels and LNG and hydrogen-based fuels while establishing circular marine waste management systems to fulfill worldwide decarbonization targets.
The "Other Marine Services" segment functions as a vital operational support system for all stakeholders within the maritime value chain. The fragmented sector delivers vital recurring services which protect operations and help companies meet regulations and advance sustainable marine practices. The future competitiveness of global shipping depends heavily on investors and service providers who succeed in digitalization and risk management and green marine solution development.