Martin Stopford: Shipping's business model is outdated

Technology has already been squeezed hard by the shipping industry, but it needs to be squeezed further. The business model is outdated, says Martin Stopford of Clarksons Research. Read on to learn of his solutions.

Photo: Carsten Lundager

The shipping industry's business model is obsolete. This is the brief and matter of fact manner in which Martin Stopford, president of Clarksons Research, describes the situation for many carriers in the current market in a speech at the Danish Maritime Technology Conference in Copenhagen on Thursday.

"I have a serious problem with the business model we employ in the shipping industry," he said, adding that things have of course developed over the past 30 years.

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