SINGAPORE, Mar 16 (GCTL) - The shipping downturn is forcing a 'reorientation' of the market that will have benefits for all players, according to Noburu Ueda, chairman of the largest classification society ClassNK.
Speaking at shipping conference Asia Pacific Maritime as keynote speaker, Ueda said that more cooperation and links between rival companies have come about of late to solve common problems that they face, such as reducing carbon emissions and figuring out how to increase vessel cargo loads.
For instance, vessel- sharing agreements have sprung up in the tanker, bulk carrier and container sectors that require competitors to cooperate. And in Japan, he said, shipbuilders, owners and equipment makers have come together to fund and brainstorm about climate change projects. 'This was unthinkable years ago,' Ueda said.
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