The increased traffic volumes in the Malacca Straits transit and how ‘smart ships’ offering operating efficiencies could save up to $1m per vessel per year.

Malacca Straits transits hits all time high – The Malacca waterway is a key passage for the Asian and European trade as well as a barometer for the health of world trade. According to Seatrade, last year saw a huge increase in traffic volumes in the Straits, surpassing the 2008 peak. According to data from the Marine Department of Malaysia’s STRAITREP reporting system, there were 77,973 transits of the Malacca Strait last year by vessels of 300 gross tonnes or more, passing the previous high of 76,381 in 2008. Traffic volumes in the Straits grew 22% during the so-called super-cycle that shipping

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