Technology Shouldn't be Squeezed
Clarkson's Dr Martin Stopford has upbraided the shipping industry, stating that economies of scale and savings from technology are diminishing giving what Stopford warned were "dwindling returns". He also lashed out at Chinese built ships. "The harder you squeeze technology, the less you get out of it," the well-known analyst said. Similarly economies of scale, especially for the liner trades, were now minimal. While costs dropped dramatically as liners expanded ship capacity from 5,000 to 10,000 teu, the rise from 10,000 to 20,000 teu has seen "diminishing scales of return", he said.Posted On:14-Oct-2015
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