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More dry bulk disruption coming from digitisation

More dry bulk disruption coming from digitisation

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The Singapore Exchange (SGX) has sent a note to clients on key takeaways from last month’s Singapore Iron Ore Week in which disruptive technology was very much to the fore.

“The shipping industry is riding high seas of disruption from digitalization and automation,” SGX noted.

Anglo American amongst others saw a huge opportunity for automated dry bulk ships, as experienced in mining with automated trucks. Fellow miner BHP shared the early success of its innovative e-procurement platform for capesize vessels chartered for carrying iron ore.

“Some industry observers saw this as a herald of disruption to spot pricing and e-trading of other traditional phone-broked vessel routes which are less standardised than capesizes,” SGX reported.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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