Talk by Dr Martin Stopford

 

Dr Martin Stopford, President, Clarkson Research Services Limited, delivered a talk on the “Five Challenges Facing the Shipping Industry Today” on 23rd October 2013. The talk was held in the Ngee Ann Kongsi Auditorium at the Singapore Management University.

 

More than 130 polytechnic and university students as well as MaritimeONE partners attended this talk to understand the major challenges facing the shipping industry: (i) The Shipping Cycle, (ii) Geopolitical Evolution, (iii) The Regulatory Challenge, (iv) Factor Cost Revolution, (v) People & Information.

 

Some key takeaways from Dr Stopford’s talk:

  • Shipping is one of the top five industries of the world
  • The shipping cycle controls investment in shipping
  • Advanced technology should be harvested to improve the efficiency in shipping
  • Companies should consider fuel usage and vessel speed capacity as important factors to optimise earnings.

 

His talk was followed by a Question and Answer session chaired by Mr Lam Yi Young, Chief Executive, Maritime & Port Authority of Singapore (MPA). During the session, Dr Stopford provided interesting insights and perspectives on his views of the maritime industry. When asked what excites him about the maritime industry till today, he replied with three reasons. First, he liked that the maritime industry is a community where a common culture is shared. Second, it has a historical value which gives a great sense of purpose. Third, it is a profitable business.

 

Students had an opportunity to interact with Dr Stopford during the reception at the end of the talk.

 

Attendees appreciated that the informative talk gave them an excellent overview of shipping. Some also found it useful that Dr Stopford made use of relevant market data to illustrate his points and trends.

 

The talk is organised by the Maritime and Port Authority of Singapore (MPA). If you wish to receive information about such talks in future, do sign up for a user account with the Maritime Careers Portal and be updated on future events.

 

 

Dr Martin Stopford and Mr Lam Yi Young, Chief Executive, Maritime and Port Authority of Singapore

Students at the talk

Dr Martin Stopford presenting on the Five Challenges Facing the Shipping Industry Today.

More than 130 polytechnic and university students as well as MaritimeONE partners attended this talk

Dr Martin Stopford mingling with the students

Dr Martin Stopford and his biggest fan

Dr Martin Stopford with some of the attendees