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ojaswini cmi3 @go_66a1ea66c061d
The Notchback Market is ripe with opportunities by increased naval modernization programs

The Notchback Market is ripe with opportunities by increased naval modernization programs

The notchback market comprises merchant ships that provide cargo transportation globally. Notchback ships feature compact cargo holds and ability to navigate shallow waters, making them suitable for transporting goods along coastlines and inland waterways. The growing maritime trade facilitated by notchbacks for transporting commodities like oil, coal, grains and machinery parts within and between countries has augmented the demand for these vessels. The global notchback market is estimated to be valued at US$ 160.74 Bn in 2024 and is expected to exhibit a CAGR of 3.6% over the forecast period 2024 To 2031.

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16 days ago

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