Compared to what it was a few years ago, the business dynamics of the ferry industry has changed immensely. Being an integral part of the transportation sector, the ferry industry is constantly driven by two factors –the kind of measures taken by the transportation department to reduce heavy traffic on road and how the road-based conveyance is fulfilling the increasing passenger demands. Overall, passenger ferries enjoy a stable market for being a vital part of the ferry network and transportation system. In comparison to other modes of public transportation, a passenger ferry’s cost of maintenance is much less. Hence, if you have been considering buying passenger ferries for sale, it is indeed a worthwhile decision. According to the current scenario, the demand for passenger ferries is stated to increase in the forthcoming years. Besides, there are going to be more number of passenger ferries with advanced designs and an improved degree of efficiency.
Let us first understand the factors that make the market of passenger ferries stable and promising
Although a different mode of transportation, the road system creates a high impact on the ferry market. It is interesting to point out that during the mid-20th century passenger ferry network witnessed a slowdown given the development of road network and terrestrial transportation at that time. However, dynamics changed once again when people turned towards ferries to escape traffic congestion and a high level of pollution on roads (citylab.com).
In the current context, a research report has forecasted that passenger ferries market shall witness a prodigious growth till 2027 (prnewswire.com). Moreover, the market size is expected to swell up even further till 2030 (statista.com). It clearly underlines a boom in the ferry market in years to come. So, if you have been planning to invest in passenger ferries for sale, now is the time to act.
The following section will discuss how to analyse the construction status of a ferry before buying it
Reviewing the current condition of the ship and her class status
If it is well-maintained, procuring an old vessel can be more advantageous than buying a brand new one. This is because an old ship possesses the same parts such as bulwark, stern, porthole, anchor, radar, lifeboats and so on like a new one. Since an old ship has already served for a long time, its parts are well-tested and have operated successfully over the years. Moreover, to determine her class status, the surveyors inspect shipboard parts and systems at every construction stage and ensure that its design complies with standard regulations.
If you are having a hard time finding a well-maintained second-hand passenger ferry, get in touch with experienced brokers who are well-versed with the market. Being experts in the field, they can help you get hold of a high-performance passenger ferry.
Fulfilling the present commercial demands and future objectives
The shipping industry is focusing on environment-friendly technologies to ensure sustainable rides for passengers. And as such, ferry companies are now using technologically-advanced engines, propellers, filters, hull coatings, and energy-efficient motors in design and construction of green vessels. Moreover, they are equally emphasising water, solid, and plastic treatment to save energy and limit overall pollution from the shipping industry.
Apart from these factors, the ferry system also needs to have high-quality amenities to serve passengers the best, both on the ships and in the terminals. Be it price, or comfort, everything needs to be top-notch to ensure the maximum satisfaction of passengers. Since you would want your ship to remain serviceable and align with commercial demands, look for these factors and confirm them before making a purchase decision.
Conclusion –
A little research on your part can help you buy passenger ferries for sale without much trouble. However, if you find it overwhelming, leave the task to your trusted shipbroker company. Given its extensive market knowledge, Norwegian Ship Sales can guide and help you make the right choice. For more information, contact @ +47 6754 1925 / +47 9177 6183 or drop a mail at o.jebsen@norshipsale.no / info@norshipsale.no.
