What are the profitable shipping companies
IMO2020: Regulation for more sustainable shipping
The IMO2020 has been in effect since January 1, 2020. With this regulation by the International Maritime Organization (IMO), the environmental requirements for the maritime industry are increasing considerably. The aim is to make shipping more sustainable and environmentally friendly.
The consequences for shipping companies are grave, as we state in our English-language white paper "IMO2020 - the call for sustainable supply chains". In addition to sustainability, regulation should also increase transparency. In doing so, she is addressing two sore points in the shipping industry. At the same time, the IMO2020 takes up what customers are increasingly demanding anyway.
The maritime industry is therefore forced to make its logistics chain more transparent and more efficient. That means fundamental adjustments to the business model.
In order to implement the IMO regulations, shipping companies need additional financing. For example, the change in fuel is essential. Low-sulfur LSFO is considerably more expensive than the previously common heavy fuel oil.
This increases the value of data. When is how much fuel used where? How can the routes be optimized? Anyone who knows how to collect the data inexpensively and draw the right conclusions from it will have a competitive advantage. Because this data can also convince customers for whom the environmental balance of their goods is important.
The attempts to increase the low freight rates through higher market shares through consolidations and acquisitions have not proven to be effective in the long term. In order to be profitable in the long term, one solution could be to use platform models. For this, the shipping companies would have to work more closely - which in turn requires greater transparency.
How exactly this could work, how small and medium-sized companies keep pace and how shipping companies can counter the financing pressure, you can read in our English-language white paper.
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