Tag: disruption

In a report published earlier in 2018, TT Club and McKinsey look at the future of containerised trade though 2043, how value can be created and who the ‘winners’ could be within the industry. The report examines two potential future digital scenarios, one of which is termed 'Digital reinvention'.

Moving further from the “disruptive” impact of blockchain in the finance sector, UNCTAD and the UN Centre for Trade Facilitation and Electronic Business expect the impact of blockchain technology to be just as profound in the areas of trade and transport.

The concept of “intelligent port” has emerged in the last decade, with many ports deploying Internet of Things, cloud-computing technologies, geographic information systems and computer simulation technologies, to optimise various aspects of port operations and enhance production efficiency.

During Posidonia 2018, SAFETY4SEA team met with Mr. Pantelis Skinitis, Business Development at ABS, to discuss about industry’s response to cyber risks. Mr. Skinitis noted that shipping industry needs specific guidance on how to implement any cyber security regulatory framework and advised to follow the example from other industries;

In the 2018 Business-IT Excellence Awards ceremony that took place on June 13, Propulsion Analytics and Euronav received the Gold Award in the category "Specialized solutions for companies in the Maritime Industry". The joint nomination except from the Gold Award, was also granted a top distinction.

During Posidonia 2018, SAFETY4SEA team met with Mr. Panos Yannoulis, President of OceanKing, for an exclusive interview regarding the key challenges that industry is currently facing.  Among many issues for consideration by industry stakeholders, Mr. Yannoulis noted that disrupting changes are on the way and therefore industry needs to be proactive and do its best to balance associated risks

The shipping industry’s operating context will alter significantly over the next 15 years. Cargos and markets are changing, and there are new challenges in global ocean governance. Fuel costs will become less predictable, although technological advances offer the potential for radical improvements in efficiency. The industry is coming under increased pressure to address sustainability concerns throughout their supply chains.

During his presentation at the SAFETY4SEA Cyprus conference, Sotiris Kambanellas, President, YoungShip Cyprus presented key issues with regards to crewing in the 21st century, considering how new technologies are impacting the global shipping industry.  In a constantly evolving world, even a more “traditional” industry like shipping is already changing.

Speaking at Shipping 2018, the Connecticut Maritime Association’s annual conference, Knut Ørbeck-Nilssen, IACS Chairman and CEO of DNV GL – Maritime, looked at some of the initiatives taken at the International Association of Classification Societies that were changing the organisation.

Shipping industry needs to abandon old-fashioned structures and adapt to the realities of the modern world and the demands of the next generation, argued Frank Coles, CEO, Transas during Transas Global Conference in Vancouver last week. A significant progress in maritime technology was noted in the last 12 months, but real change is yet to come, he added.