Shipping

The international shipping industry is a booming industry that is responsible for approximately 90% of world trade. Without it, worldwide trade and the bulk transport of raw materials would simply not be possible, while food and other manufactured goods would be unaffordable for the majority of people.

The trade is continuing to expand thanks to competitive freight costs, the growing efficiency of shipping and improved economic liberalisation. It’s safe to say that the future of the shipping industry looks golden!

Looking at the numbers, there are more than 50,000 merchant ships trading internationally, the world fleet is registered in more than 150 nations, and it is manned by more than a million seafarers, comprising of many different nationalities.

Steel has been used for more than 150 years in the shipbuilding industry because of its various mechanical properties and relatively low cost. It goes without saying that it has proved itself to be very useful in what are naturally highly corrosive seawater environments.

There is technically no industry-standard for marine grade stainless but 316 and 316L are traditionally the most common grades found in the shipping industry. This is due to the inclusion of molybdenum in their composition. This alloying element helps to prevent saltwater from causing pitting and crevice corrosion, but it does mean that these grades can be more expensive.

Additionally

Stainless steel in the shipping industry is used for all manner of things, not just piping systems. For instance, new structural steel plates have been developed which has resulted in corrosion resistant plates for double hull tankers. Interestingly, crude oil tankers are now required, by law, to have double hulls to prevent oil spillage.

Another advantage of structural steel is that it is lighter which obviously, very advantageously, reduces weight reduction in the ships, consequently reducing both fuel consumption and CO2 emissions.

Duplex stainless steels are also becoming more common in the shipping industry. The reasons for this are numerous:

The growth of the LNG industry also has a lot to answer for in the increase of steels being used in the shipping industry. This is because the transportation method of choice for KLNG is shipping via giant LNG tankers which are designed specifically to preserve the natural gas in a liquid form.

Nickel steel alloys have been found to be the most effective metals for the production, containment and storage of liquefied natural gas (LNG) and other cryogenic substances. This is due to its unrivaled ability to withstand the impact of very low temperatures.

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