Wallem’s CEO, Frank Coles, announced the company’s new strategy; the new CEO aims to harness the latest technology in order to enhance asset management transparency and efficiency in a program intended to transform the relationship between owners and their ships.
Specifically, in light of supporting the industry, the company decided to change its structure.
The refreshed strategy is built on three fundamental values:
- Supporting quality through safety;
- Transparency through technology;
- Service through support.
Wallem CEO Frank Coles supports that a lack of transparency is inhibiting collaboration and preventing owners from making the most of their vessels.
The new business model with technology also means that transparency is also needed in the new model in terms of business ethics and transactions for gaining business. This is not only about clarity of the operations but how you get the business in the first place!
… Wallem stated.
Moreover, the CEO talked about clarity being the key to make better decisions and improve the company’s performance. Additionally, clarity will help at a fleet-level by maximizing asset utilization, at a vessel-level by helping individual ships run at peak operational capacity, and at an owner-level by helping them address ever more stringent regulatory requirements and get to grips with emerging trends such as digitalization.
With Wallem also positioning itself for growth, the combination of transparency and technology is conducive to delivering a consistently high level of customer service around the globe, he emphasises.
There is no industry inherently more global in nature than shipping. In today’s interconnected world – both technologically and economically – there is no justification for regional variations in how owners are supported.
