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How To Innovate In Shipping

The global pandemic has catalysed the digital revolution; decarbonisation is demanding immediate innovation; global venture capital funding is at an all-time high; and bigger funds featuring dedicated teams with industry experience have created a more mature environment for smart ideas to meet smart money.

The conditions are ripe for change.

The question is whether a conservative, fragmented industry, where corporates have rarely been rewarded for experimenting and failing, is finally ready to take full advantage of this groundswell of innovation.

Our panel of industry experts answer:

  • Will the start-ups looking for scale succeed?
  • Can we move away from just focusing on the asset to really considering business model innovation and create incentives to make positive change, rather than lowest common denominator regulatory enforcement?
  • Can we break down the siloed development of systems and ideas to create a standardised basis for digitalized efficiencies and re-think the industry’s approach to the circular economy and life-cycle management?
  • And how do we find a model that pays for all this in a more collaborative system where there is a premium available for quality, efficiency, and safety rather than a race to the bottom in terms of price?
        
 
Richard Meade

Richard Meade (Moderator)

Editor
Lloyd's List

Andy McKeran

Andy McKeran

Director
Maritime Performance Services, Lloyd’s Register

Andre Simha

Andre Simha

Global Chief Digital & Information Officer
Mediterranean Shipping Company

Claus Nehmzow

Claus Nehmzow

Chief Innovation Officer
Eastern Pacific Shipping

Angela Noronha

Angela Noronha

Director for Open Innovation
Rainmaking

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