Those who support M&A or the formation of a joint venture, pool or alliance as a means of industry investment is down 9%, from 47% to 38%, reported Norton Rose Fulbright\u2019s 2017 transport survey.<\/p>\n
15% supported the development of new geographical and sectoral markets, while just 9% voted for fleet upgrades and 8% for infrastructure improvements.<\/p>\n
Not including fuel efficient and low carbon technology, which the report acknowledged as significant in helping operators to comply with environmental regulation, 46% of respondents said that big data and predictive analytics would be the most significant driver of change in the shipping industry over the next five years.<\/p>\n
A further 19% said that software supporting Mobility as a Service has the greatest potential to transform the industry.<\/p>\n
37% report that current market conditions are positive for the shipping industry, compared with 15% in 2016, 33% in 2015, and 69% in 2014.<\/p>\n
65% of the 63% who do not consider current conditions to be positive blame overcapacity and 35% of all respondents believe that overcapacity poses the greatest challenge to the operational efficiency of the shipping industry. Another 14% said the greatest challenge was a lack of suitably qualified people, while 13% believed it was emission controls.<\/p>\n
Of the 37% who believe current conditions are positive, 36% cite improved economic conditions, while 19% report that overcapacity issues have been largely resolved. Continued lower oil prices are also assisting the industry, according to 16%.<\/p>\n
43% said increased environmental regulation has had the greatest impact on the shipping industry over the past decade.<\/p>\n
China, India and the US were named as offering the most attractive investment opportunities over the next two to five years.<\/p>\n","protected":false},"excerpt":{"rendered":"
25% of shipping industry professionals favour investment in new technology, up from 14% in 2016, a survey has found.<\/p>\n","protected":false},"author":8,"featured_media":4339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"sponsor":[],"class_list":["post-4338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/4338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/comments?post=4338"}],"version-history":[{"count":1,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/4338\/revisions"}],"predecessor-version":[{"id":4340,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/4338\/revisions\/4340"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media\/4339"}],"wp:attachment":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media?parent=4338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/categories?post=4338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/tags?post=4338"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/sponsor?post=4338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}