Analyst: Shipping must let go of trade secrets

In the next decade, carriers will either be forced to sacrifice their trade secrets or stand by and watch the rates slide, says Lars Jensen of SeaIntel Consulting at one of the first events of the Danish Maritime Days.

Photo: Wärtsila

Which factors will characterize the shipping industry by the year 2025? Around 300 individuals in the shipping industry have answered this question in a survey performed by Matthew Spaniol, PhD, Danish Maritime. This resulted in approximately 300 different answers, which form the basis of one of the first events at Danish Maritime Days 2015 at Aalborg University in Copenhagen, under the header "Shipping in year 2025."

Judging by the first presentations, there is one common denominator in the contributed responses. Namely that the technological developments in communication that the shipping industry has been historically quick to embrace - look for instance at the telegraph, fax and mail - continues to evolve, and this has led to increased price transparency in many other sectors. For example in aviation, where customers can now compare ticket prices online.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Price of Maersk's new methanol ships drops

Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.

Esvagt pursues Taiwanese offshore wind

The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.

Further reading

Related articles

Latest news

See all jobs