Lasse Kristoffersen, president and ceo of Scandinavian line Torvald Klaveness, has warned his peers that the opaque nature of shipping will change very soon thanks to technological change. Speaking at the Sea Asia conference in Singapore today, Kristoffersen said that shipping’s previous business model had been all about hiding information whereas coming up soon it will be all about sharing information.
“We believe that digital is not going to change the peripherals, but the very fundamentals of shipping,” Kristoffersen said, suggesting that very little has changed in the way ships are run in the past decades.
“We spend too much time talking about the automation of vessels, and too little about how it is changing the ship as a system,” Kristoffersen said, adding, “We tend to overestimate how fast things will change and tend to underestimate exactly how things will change.”
He reckoned that the IMO would have to adapt to all this technology change but the revolution fast approaching would not be driven by regulation.
Kristoffersen was also speaking at yesterday’s all star cast gathering of the second annual Maritime CEO gathering – a report on what he had to say will appear on this site tomorrow.