Andy Brett

584 days ago

What Maersk Line does in digitisation is likely to be followed by the rest of the industry in fairly short order. As an executive at one of Maersk Line’s rivals admits: “We just watch what Maersk does and copy it.” And although few shipping outfits have the resources to build ever bigger ships, even the smallest of them can learn to use data better. Data crunching alone will not save the industry from the current storm; that will require ships to be scrapped. But it may prepare it better for the next one.

Profits overboard

THE collapse of Hanjin Shipping, a South Korean container line, on August 31st brought home the extent of the storm in shipping. The firm’s bankruptcy filing left 66 ships, carrying goods worth $14.5 billion, stranded at sea.