Words matter. These are the best Soren Skou Quotes, and they’re great for sharing with your friends.
Predicting oil prices is anyone’s guess.
Port investments entail a lot of money, and having a partner who can share the risk makes a lot of sense. Often, it makes sense to have a local partner.
Our priority has always been to have the lowest cost so we can be comfortable with weak freight rates. A big part of having the lowest cost is maintaining the largest network, and this means growing market share.
It’s easy to talk about digitalising things; it’s quite difficult to do in a B2B environment. It’s hard to digitalise that complexity.
By using big data, it will also be possible to predict adverse weather conditions, rerouting ships to avoid delays, and monitor fuel data, thereby allowing companies to optimize their supply chains and the way they drive their business.
What drives the attractiveness of a trans-shipment hub are really three things. Location, location, location is very helpful. But so is productivity – a stable labor force and getting ships in and out as quickly as possible. And then, getting costs as low as possible will drive carrier behavior.
We need to digitize from the inside of our business, but at the same time, finding the best solutions will require our industry to partner with companies across a wide range of industries.
Investing in ports with partners is a very common model for us.
Even if the technology advances, I don’t expect we will be allowed to sail around with 400-meter long container ships weighing 200,000 tonnes without any human beings on board. I don’t think it will be a driver of efficiency – not in my time.
The investments and costs you have to put into digitalising means there will be an incentive for companies to merge.
We believe infrastructure is key to economic growth, and we will do what we can to develop infrastructure in India.
If we drive cost down, we will be able to live with low freight rates.
