The maritime transport industry experienced notable advancements in 2024, particularly in the ferry and cruise sectors. Incat Tasmania, an Australian shipyard, emerged as a pioneer in electric ferries by undertaking the construction of the world's largest all-electric ferry. The chairman, Robert Clifford, expressed optimism about battery technology, positioning it as the future of the ferry industry. Additionally, the introduction of the world's first hydrofoil ferry in Stockholm by Candela showcased a breakthrough in fast ferry technology, offering a swift and efficient solution for urban waterways. Noteworthy insights from an exclusive interview with MSC Group executive vice president highlighted the importance of hydrogen as a critical fuel stock for synthetic fuels, indicating a shift toward sustainable practices in the cruise industry. Further innovation was observed with T Mariotti's venture into building the first methanol-powered cruise ship, addressing challenges related to bunkering procedures. China's growing influence in cruise shipbuilding was underscored by the delivery of the first large domestic cruise ship, signaling a significant market shift in the Chinese cruise industry.