News / More vertical integration means fewer 'archaic processes' for shipping

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This year’s freight rate windfall enjoyed by shipping lines will drive technological change within the industry with new, cleaner ships, but also the fundamentals of the business will change as documentation and administrative processes undergo a technological transformation.

Experts at last Thursday’s JOC Global Shipping Outlook conference anticipated that cash-rich shipowners would be empowered to overhaul industry processes and grab more market share over the coming years.

Recent weeks have already seen newly debt-free shipping lines snatch-up air cargo and freight forwarding ...