Singapore: Container shipping consolidation is inevitable, according to a top name in the sector.
Speaking at an industry insights briefing today PIL managing director SS Teo said: “We will see further consolidation. It is a matter of bringing people together to realise the challenges and the opportunities, and look at how we can overcome them together.”
He added that it’s not all about size and scale.
“We are seeing ships continuing to get bigger and bigger and a lot of focus on scale. However we need to remain equally focused on the ‘softer side’ of shipping such as customer service and information technology,” he said. [07/04/14]