Not in shipping. See "Slow Steaming".[1] Most container ships could go much faster than they normally do.
Sadly, the S.S. United States, the fastest transatlantic liner ever, is about to be disposed of by sinking.[2] 35 knot top speed. Southampton to New York in 3.5 days. No market for that once air travel crossed the Atlantic.
[1] https://en.wikipedia.org/wiki/Slow_steaming
[2] https://6abc.com/post/what-are-doing-ss-united-states-histor...
The difference is for short distance passenger transport, I.e. commuting.
A route that used to take 1 hour suddenly becomes 30 minutes and suddenly your daily commute becomes bearable.
Good point. The SF bay has some hydrofoil ferries. Trip length is about right for that.