The Future of Maritime Shipping
Class: Fall 2023 Munich
Abstract
The maritime shipping industry is of paramount importance as it serves as the lifeblood of the global economy, facilitating the movement of approximately 80% of the world’s trade by volume and 70% by value. Its cost-efficient and vast network of sea routes connects producers, consumers, and nations, ensuring the availability of goods, raw materials, and energy resources worldwide. Beyond economic significance, it creates millions of jobs, supports energy security, and plays a pivotal role in sustainability efforts, making it an indispensable driver of both prosperity and environmental responsibility on a global scale.
Trends
Technology Trends
- Alternative Fuels
- Wind-Assisted Propulsion
- Marine Drag Reduction
- Digital Twins
- On Board Geoengineering
Societal & Environmental Trends
- Rising Environmental Awareness
- Workforce Fluctuations
- Extreme Weather Disruptions
- Arctic Routes Navigating
- Social Responsibility
Legal & Political Trends
- Green Maritime Laws
- Sustainable Ship Lifecycle Management
- Enforcing Cybersecurity
- Increased Fragmentation
- Lower Margin for Errors
Economic Trends
- Reshaping Global Trade Routes
- Supply Chain Resilience
- Surge in Alternative Energies
- Rising Political Tensions
- Shifting Financial Landscape
Business Models Trends
- Digital Platforms and Services
- Emission-based Pricing
- Data Monetization
- Vertical Integration
- Deep Sea Mining
Business Models
- Workforce Empowerment: Overcoming Workforce Challenges in the Maritime Industry
- Multifuel Future: Navigating the Complexity of Coexisting Fuels in Decarbonized Shipping
- Vessel Design & Lifecycle: Optimizing Resource Efficiency in Vessel Manufacturing and Management
- Port Innovation: Transforming Ports Through Digitalization and Automation
- Data-Driven Operations: Leveraging Data to Unlock Maritime Productivity
Partners
Forto advances the vision to deliver a highly transparent, frictionless, and sustainable digital supply chain. Forto’s platform technologies address the entire process stream, from offer, booking, document administration, tracking and tracing to proactive exemption processing and analysis, supporting our customers with greater visibility, insight, and control. Leading manufacturers and e-commerce brands are among the 2.500 customers using Forto’s digitally-focused offerings as part of their supply chain delivery. Headquartered in Berlin, Germany, the company currently has around 900 employees with 8 countries and21 locations across Europe (Germany, Italy, Poland, Spain, The Netherlands) and Asia (China, Singapore, Vietnam).
