President of InterManager, Gerardo Borromeo has announced a number of ways in which the shipping industry can navigate the challenges it currently faces.
In a speech given at the 2015 CMA Conference in Connecticut, USA, Borromeo said that the route to a solution is to work on continuous professional development, higher levels of efficiency, engagement of all shipping stakeholders and awareness of how the industry works.
Borromeo told delegates at the event: “In an environment challenged by cost constraints and uneven cycles of boom and bust, InterManager’s mantra is driving enhanced operating efficiencies through focused outsourced management services."
With world tonnage expected to double over the next 15 years, shipownership increasingly driven by private equity, complex changes in regulatory regimes impacting on operating costs, and evolving technologies becoming increasingly important to the next generation of vessels, Borromeo explained that ship managers must find solutions to address today’s changing seascape and shape future industry.
This approach is encapsulated by what he calls the "Triple C” approach: Consolidation, Collaboration and Co-operation. “The Triple C approach fosters scale in operations and serves as an effective way to diversify operating risk which should be the name of the game,” Borromeo said.
“If we are to ensure the sustainability of our businesses and of shipping as the industry that ‘moves the world’, the ability of ship managers and crew managers to deliver a significantly more complete platform of support services is an important strategic consideration,” he concluded.