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Excellence Rankings 2022

Rankings: Business Expansion

Business Expansion is one of our largest categories and looks at the core functions of business operations within the sector

By Mihail Spasov

Excellence Rankings 2022

The Excellence Rankings celebrate the greatest achievements and innovations in the industry. The programme provides a platform to recognise the people and companies that are driving change.

Our programme is designed to highlight excellence within the sector by looking at a range of corporate activities including deals, business projects and company initiatives, both internal and in the community.

What is Business Expansion?

Business Expansion is one of our largest categories and looks at the core functions of business operations within the sector.

This consists of any projects that have expanded the company’s footprint in the sector, including: contract wins; launching in new territories; launching new product lines; the acquisition and expansion of facilities and real estate; acquisition of new machinery or other assets; improved logistics; partnerships; and significant staff increases.

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Themes

During the research period we have seen the shipping industry face global disruptions and try to keep pace with the changes they have caused. This can be seen specifically when looking at the production of new vessels, especially cargo and tanker vessels.

There has been an industry-wide drive towards modernisation, with vessel refurbishment and port and infrastructure upgrades. This is seen most clearly through the expansion of existing ports and shipbuilding installations and through innovative ship design.

Systems infrastructure has also undergone improvements during the research period, with navigation technology and operational systems being optimised to tackle modern problems.

Ranking Categories

The companies in this category have won contracts related to the manufacture of spare parts, additives and work on supplying modern ships.


Propulsion is an area undergoing constant development and the companies in this category have all acted on projects to create innovative and long-lasting engines, rotor sails, and other propulsion systems.


The companies in this category have won contracts relating to the supply of quality components to vessels and the provision of maintenance services.


Cruise ships require specific docking infrastructure and the companies in this category have been engaged in the construction of luxury terminals able to accommodate the most high-end vessels.


The companies in this category have collaborated on ambitious facilities construction projects to create logistics and a value chain, including for alternative fuels such as liquefied carbon dioxide.


Infrastructure is vital to the shipping industry and the companies in this category have been engaged in the expansion and construction of everything from dry ports, deep-water ports to shipyards and ship-testing sites.


The shipping industry prides itself on having a well-maintained infrastructure of terminals and the companies in this category have been expanding and developing these vital stopping points and improving their capabilities as well as enhancing their functions. Whether it be improving the availability of alternative fuels such as ammonia and hydrogen or optimising terminal operations these companies are pushing their industry forward.


The companies in this category have been expanding their port, ferry and fuels operations with a focus on making these processes more efficient and optimised.


The shipping industry relies on various systems in order to function efficiently. The companies in this category have been optimising production, monitoring, operating as well as navigation, assessment and energy systems in order to better industry targets and quality.


The companies in this category have been hard at work providing training programs and simulations to prepare ships for any scenario.


Autonomous vessels are key to a modern maritime industry. The companies in this category have been developing systems to enhance unmanned vessels, such as obstacle detection, monitoring and self-loading and unloading systems.


Ammonia is one of the exciting new alternative fuel sources for the shipping industry and the companies in this category have been designing, testing and releasing vessels able to operate using this new innovation.


Bulk carriers are a key component in the shipping industry and the companies in this category have been actively acquiring and manufacturing new bulk vessels to help expand their capacity.


The companies in this category have been expanding their bunkering operations and diversifying fuel options including the availability of ammonia as well as methanol and hydrogen bunkering capacity.


The companies in this category have been actively manufacturing carrier vessels for different types of commodities, as well as for different fuel types such as gas, oil and hydrogen.


The companies in this category have been expanding the capacity of their portfolio through the construction and acquisition of new vessels.


The companies in this category have been manufacturing new cruise ships, as well as working on developing and releasing ships that run on alternative fuels such as ammonia.


The companies in this category are innovating in the field with new and intuitive designs such as vessels running on alternative fuels and developing new design tools.


The companies in this category have been active securing contracts for the manufacture and supply of new ferries to help expand operations in passenger and goods transportation.


The companies in this category have been manufacturing ships that run on a hybrid fuel system, striving towards low carbon emissions.


Hydrogen is one of the new alternative fuel sources that are entering the industry and the companies in this category are designing and building ships that operate with this new fuel.


Liquified natural gas (LNG) transportation is a major sector in the shipping industry and the companies in this category have been expanding their transportation capabilities, operations and fleets with bunkering vessels, contracts in new regions and newbuilds.


Methanol is a revolutionary new fuel for the shipping industry and the companies in this category have been hard at work releasing new vessel designs, creating and testing prototypes as well as retrofitting old ships.


Roll-on/Roll-off vessels are key to transporting vehicles around the globe. Whether carrying commercial vehicles or passengers with their cars, the companies in this category know their ships are key to the automotive industry and have been expanding operations with new vessels and new routes.


Service vessels are integral to assisting construction, safety and operations and the companies in this category have been manufacturing a range of vessels such as tug boats, workboats and construction service operators.


The companies in this category have been expanding their fleets and tanker capacity, as well as introducing tankers able to carry alternative fuels.


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