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Asian shipping leaders call for increased consolidation

Facing increasing challenges from factors such as overcapacity, environmental sustainability, and talent shortages, leading figures from the Asian shipping community are now calling for more consolidation and greater collaboration.

The Asian shipping community faces significant growth opportunities in the years to come, but the maritime industry in the region will have to navigate a series of challenges in order to benefit from the fast-paced Asian growth. Challenges that include environmental sustainability, overcapacity, and serious talent shortages.

At an industry briefing held before the launch of Sea Asia 2015, a group of leading figures from the Asian shipping cluster called for increased consolidation and greater collaboration among players in the shipping industry in order to navigate and overcome these challenges, so as to benefit from the massive potential in the fast-growing region.

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