The shipping market in 2013 may hardly see a fundamental rollover of its current downturn, but the industry will definitely experience a transition that will feature a reshuffling of shipping companies and innovations in their operation and management. A noticeable event is Maersk Line’s attempt to employ Triple E containerships capable of carrying 18,000 TEUs. We believe this may usher in a new configuration in global container liner shipping market.
As for ports, industry interests have been keen on striking a harmony between port development and its surrounding environment. A low-energy-consuming port development model that is resource-saving and environmentally friendly will be increasingly sought after. The “Next Generation Container Port Challenge” launched by port industry and academia in Singapore echoes the trend.