Lloyd's List: The Shipping Podcast

Lloyd's List
Lloyd's List: The Shipping Podcast

Lloyd’s List is the world’s leading source of insight, analysis and data for shipping businesses and professionals

  1. What happened to shipping’s innovation boom?

    -5 J

    What happened to shipping’s innovation boom?

    This episode of the Lloyd's List podcast is brought to you by Lloyd's Register and Columbia Shipmanagement Sign up for the Lloyd's List Outlook Forum here: https://info.lloydslistintelligence.com/lloyds-list-outlook-forum-rsvp The wave of techno-optimism that began to spread in the wake of pandemic-related breakthroughs should be visible by now. Forced to embrace digitisation out of remote working necessity, firms outlined juicy research-and-development plans and governments promised to spend big on science. While it would be a stretch to say that the pandemic fuelled optimism, it certainly catalysed investment in technology research across sectors, and crucially coincided with an innovation arms race that was already escalating between China and the US. The principal project of the era, decarbonisation, spawned hundreds of funded technology projects, with as many again in the pipeline. And then of course there is AI. If some in the sector were to be believed, AI should have revolutionised shipping and everything else by now. All things considered, we should be living through a golden age of innovation. And yet it is often hard to see the evidence for that in shipping. Where are the breakthroughs? What do the great leap forwards looks like? There is no single unifying answer here and that’s part of the problem, but it’s also a huge opportunity. Joining Richard on the podcast this week are: Alexander Saverys, chief executive CMB.Tech Søren Meyer, chief executive of ZeroNorth Richard Buckley, chief executive of Ninety Percent of Everything Eman Abdalla, global operations director at Cargill Ocean Transportation Saskia Mureau, digital director at the Port of Rotterdam Authority Chakib Abi-Saab, chief technology officer at Lloyd's Register

    26 min
  2. How worried should we really be about cybersecurity?

    15 NOV.

    How worried should we really be about cybersecurity?

    This episode of the Lloyd’s List Podcast was brought to you by Veson. Visit veson.com/decision-advantage for more information. Ten years or so ago, when the University of Plymouth ran their first cybersecurity symposium, the number attendees barely made double figures. This week, held in the main hall of the International Maritime Organization on London’s Albert Embankment, the same event attracted more than 300, from shipping companies in almost every sector. Clearly, the topic has gained attention and traction, partly down to the repeated warnings of horror stories the industry continues to receive, right the way up to hackers being able to remotely control very large crude carriers. There have been several high-profile cyber incidents in shipping since the devastating NotPetya attack which cost Maersk more than $250m in 2017. The Port of Seattle, the Port of Lisbon and class society DNV can all count themselves of cyber attacks in the last two years. But the apocalyptic vision that has been painted for the industry time and time again hasn’t materialised yet. So, how worried should we really be about cybersecurity in shipping? Joining Joshua on the podcast this week are: Kevin Jones, professor of computer science and director of the Maritime Cyber Threats Research Group, University of Plymouth Daniel Ng, chief executive of Cyberowl Svante Einarsson, head of cybersecurity maritime for EMEA and APAC, DNV Knut Ørbeck-Nilssen, maritime chief executive, DNV

    22 min
  3. Has shipping really moved from laggard to leader?

    1 NOV.

    Has shipping really moved from laggard to leader?

    Once a year, an industry alliance of first-movers and green investors gather in a room for shipping’s answer to Davos, the annual Global Maritime Forum. And it’s always an interesting conversation. These are shipping’s optimists. The progressive cohort of industry leaders who have collectively invested billions of dollars in decarbonisation projects and spawned voluntary projects advancing everything from transparent green finance and insurance to diversity programmes and climate-aligned chartering. But it’s not easy being an optimist in shipping right now. There are the obvious geopolitical headwinds blowing in of course, but there is also a growing sense that the industry in wait and see mode. Shipping’s green first-movers are increasingly unlikely to move further without a sufficiently robust regulatory framework from the International Maritime Organization next year. Scratch below the surface of the conversations about progress and innovation, and it’s apparent that we’re not yet at a stage where, even without the regulation, the industry is yet aligned on who ends up footing the bill for what is going to be a very expensive transition to green fuels and even basic efficiency investments. And yet, despite all that, when the GMF gathered in Tokyo earlier this month there was a palpable sense of optimism in the room and genuine evidence that progress is not just possible, it is now inevitable. So, has the shipping industry really moved from laggard to leader in the race to decarbonise? Joining Richard on this week's episode are: Eman Abdalla, global operations director ocean transportation division, Cargill Laure Baratgin, head of commercial operations, Rio Tinto Matthieu de Tugny, head of marine and offshore, Bureau Veritas Nick Brown, chief executive, Lloyd’s Register Arsenio Dominguez, secretary-general, IMO Johanna Christensen, chief executive, Global Maritime Forum

    22 min
  4. Shipping corporate governance: The good, the bad and the ugly

    25 OCT.

    Shipping corporate governance: The good, the bad and the ugly

    There have been shipowners listed on Wall Street going back to the 1980s, but it was only in the mid-2000s – with the China trade boom – that the shipping industry really came to the US public markets in a major way. In the two decades since then, there have been some controversies with these listed shipowners. These controversies have involved conflicts of interest: self-dealing by private sponsors and management to the detriment of common shareholders. There have been cases of public owners buying ships from their private sponsors at prices that are – shall we say – advantageous to the related-party sponsors. There have been fees paid by the public companies to their own sponsors for technical and commercial management at levels that have unduly enriched those sponsors. There have been public company managements that have conducted highly dilutive equity sales, wiping out over 90% of their own share value to raise money to buy ships from their own private companies. And there have been insiders that have had attractive offers to buy the public company – offers that would have enriched the common shareholders – but offers that were blocked because it was not in the interest of the insiders. When it comes to corporate governance – the good, the bad and the ugly – there is one person who is considered the expert on this subject, equity analyst Michael Webber. He started his own firm, Webber Research, in 2019 and before that was the shipping analyst at Wells Fargo. Every year, Webber puts out a scorecard that ranks shipping companies based upon their corporate governance and ESG practices. It is very closely watched – and this year’s rankings have just been released. Webber joins Lloyd’s List senior reporter Greg Miller on this week’s episode to talk about the scorecard and what it tells us about shipping industry behaviour.

    25 min
  5. How bad is the crewing crisis and can shipping solve it?

    18 OCT.

    How bad is the crewing crisis and can shipping solve it?

    This episode of the Lloyd’s List Podcast was brought to you by Veson. Visit https://veson.com/decision-advantage for more information. Some shipowners warn that crew supply is only set to get worse due to a lack of young people wanting a career at sea. Others are concerned about the need to upskill existing crews to handle increasing digitalisation and multiple fuel types. This comes during a period of growth in the merchant vessel fleet due to a new shipbuilding cycle and limited vessel recycling. Most industry insiders agree that the talent shortage is already becoming a serious problem for the industry. Meanwhile, the switch to recruiting shipboard personnel chiefly from the Indian sub-continent and East Asia since the 1980s means there are fewer people able to fill numerous western shore-based roles requiring previous seafaring experience. As competition for crew has increased, more shipowners are taking action to increase the attractiveness of a seafaring career. These include improved crew accommodation, better internet connectivity and more flexible, or shorter working contracts. All of these can be effective ways to reduce attrition. So what more needs to be done to ensure a continued supply of skilled seafarers and attract young people to the industry to operate the global vessel fleet? Joining Rob Wilmington on this week’s episode are: Julia Anastasiou, chief crew management officer at OSM Thome Raal Harris, chief creative officer, Ocean Technologies

    29 min
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16 notes

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Lloyd’s List is the world’s leading source of insight, analysis and data for shipping businesses and professionals

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