ShippingWatch

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.

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