Redesigning Ocean Industries and Operational Excellence for a Sustainable Future

In this engaging interview with Delfina Govia, Chief Sustainability Officer of Frockt, we explore the ways to redefine operational excellence for a better future. Delfina highlights Frockt's strong commitment to sustainability and how they leverage efficiency and effectiveness to drive sustainable transformation.

One of the significant aspects of ocean industries is logistics, which includes ocean freight and impacts adjacent fields. Digitalization and collaboration between logistics providers and ocean industries are necessary for sustainable practices. Delfina shares her past experience in the energy and oil and gas industry and how the industry has advanced its use of digital and communication technologies to improve efficiency and effectiveness in operations on the water.

The conversation moves towards sustainability as a driving force for the world of transportation and the need for collaborative development, regulatory force, and industry pull. Industry collaboration and innovation are more prudent solutions than a regulatory force.

Building a Sustainable Future: The Role of ESG and Collaboration

Sustainability and climate change are pressing issues in different parts of the world. In this section, Delfina and Jacqueline discuss the role of collaboration between the private and public sectors to achieve sustainable business and a sustainable world. Industry experts are responsible for educating elected officials and driving policies that can help achieve sustainability goals.

Social responsibility starts with leading companies committing to behaving more socially responsibly. Balancing energy access with sustainability is crucial, and many issues of social inequity need to be addressed. Collaboration is key to finding solutions that work for everyone.

The Complexity of Sustainable Energy Solutions: Unpacking the Challenges

Sustainable energy solutions are complex, and the challenges are enormous. In this section, we unpack some of the challenges in the energy industry, such as emerging technologies like solar and wind power, biofuels, electrification, ammonia, hydrogen, and nuclear energy. We discuss the larger picture to avoid creating more harm than good.

Hydrogen and ammonia are promising but have risks, such as safety, production, and transportation concerns. Governments, financial institutions, and regulatory bodies play an essential role in driving the growth and direction of the energy industry. Introducing digital tools or changing workflows requires thoughtful consideration to avoid displacing jobs or creating accidents.

Collaborative efforts are essential as no one can achieve sustainability alone. Sustainable energy solutions require collaboration, thoughtful consideration, and education to ensure progress toward a sustainable future that benefits everyone.

Conclusion

In conclusion, redefining operational excellence requires collaboration and knowledge sharing to work towards new standards. Sustainability is a driving force for ocean industries; industry collaboration and innovation are necessary to achieve intelligent solutions. The path to sustainability requires collaboration, education, innovation, and redefining operational excellence. Only through working together can we create a sustainable future that benefits everyone.

Yngvil Åsheim - Building One Industry Voice for a Sustainable and Efficient Oceans Industry

Reflections on the Challenges and Opportunities Facing the Oceans Industry

Before we dive into the discussion with Yngvil Åsheim, let's set the stage. The oceans industry faces significant challenges that require collaboration and innovation to overcome. One of the bottlenecks for efficiency and transformation in the Industry is the need for a singular voice. If the Industry is to move towards a more sustainable and efficient future, it must come together with one voice. 

Introduction

The oceans industry is a vast and complex field that plays a crucial role in the global economy, with an estimated 90% of the world's trade transported by sea. However, the Industry is facing significant challenges related to climate change, environmental degradation, and the need for greater sustainability. To address these challenges, Yngvil Åsheim, a prominent figure in the oceans industry, believes that the Industry needs to come together with a singular voice. In this article, we will explore the reflections of Yngvil Åsheim on the challenges and opportunities facing the oceans industry and how the Industry can come together with one voice to move towards a more sustainable and efficient future.

Challenges and Opportunities:

The oceans industry faces numerous sustainability, efficiency, and complexity challenges. One of the challenges facing the Industry is the difficulty in abating its emissions. The Industry comprises numerous sectors and players, including shipping, energy production, fishing, aquaculture, and tourism. While many industry bodies cover some sectors rather than others, there is a need for a singular voice representing the Industry as a whole.

Unfortunately, the Industry is characterized by fragmentation and a lack of coordination, with differing opinions on policy and best practices among industry bodies. For example, the International Maritime Organization (IMO), a United Nations agency responsible for regulating shipping, has been criticized for being too slow to act on environmental issues. At the same time, some industry bodies have pushed for more aggressive regulation.

Similarly, there are disagreements among industry bodies on issues such as labor standards, safety regulations, and the use of new technologies. This lack of coordination and consensus can slow progress on important issues and impede the Industry's ability to adapt to new challenges.

Despite these challenges, the development of zero-carbon fuels like hydrogen and ammonia presents opportunities for innovation and growth in the Industry. However, challenges in production and safety remain, requiring collaboration between industry players, policymakers, and researchers.

In addition to sustainability, the Industry must also focus on greater efficiency, collaboration, and regulation. Commercial forces, such as customers and pricing, can also be a hurdle to sustainability goals. The Industry must prioritize sustainability goals while addressing the complexity of the issue.

Building One Industry Voice:

To address the challenges facing the oceans industry, building a singular voice that represents the Industry as a whole is essential. This will require greater collaboration and coordination between industry bodies, policymakers, and other stakeholders.

 It requires creating a joint vision of the Industry and where we are going in the future that can be projected to the world and external stakeholders. It's essential to design this vision together, with all players represented, to ensure that it reflects the Industry's diversity and complexity. This will require a shared understanding of the Industry's challenges, opportunities, and priorities.

Collaboration is crucial to building a singular industry voice. The Industry comprises numerous sectors and players, each with unique challenges and opportunities. To overcome these challenges and seize opportunities, industry players must collaborate, share knowledge, and build on each other's strengths. This collaboration must occur within the Industry and with policymakers, regulators, and other external stakeholders.

To build a joint vision of the Industry, prioritizing sustainability, we can build a common goal that unites all players and helps them work towards common solutions where it matters. i.e., infrastructure, measurements, and digitalization of standard agreements and data.

Fostering a culture of safety and problem-solving is also critical to building a singular industry voice. This includes creating an environment where individuals can discuss difficult issues, solve problems, and learn from mistakes. By prioritizing safety and problem-solving, the Industry can create a more collaborative and cohesive culture that works towards common goals.

Human-centered design is another essential element of building a singular industry voice. By creating easy-to-use and understandable tools, the Industry can prioritize the needs of the individuals using them. Improving efficiency and reducing the likelihood of errors, making it easier to collaborate and coordinate efforts. Especially when the tools and databases are to be used by a wide portion of the Industry, and people rely on them for their day-to-day work and operations.

Conclusion and Call for Action:

The oceans industry faces significant sustainability, efficiency, and complexity challenges. To overcome these challenges and move towards a more sustainable and efficient future, building a singular industry voice is essential. This requires wide collaboration between industry bodies, policymakers, and other stakeholders to design a joint vision of the Industry that reflects its diversity and complexity.

Prioritizing sustainability goals is critical to building a singular industry voice. It can also help with language toward a shared vision. By reducing environmental impact and promoting sustainable practices, the Industry can unite around a common goal and work towards common solutions. Fostering a culture of safety and problem-solving is also crucial, as is focusing on human-centered design to improve efficiency and reduce errors.

Collaboration and regulation practices are also essential to building a singular industry voice. Industry players can develop common standards and practices that promote sustainability and efficiency by working together. Greater regulation can also ensure that the Industry is moving towards a more sustainable and efficient future, but only if it is made collaboratively with the people and companies governed.

In conclusion, the oceans industry must come together with one voice to overcome its challenges and seize its opportunities. By prioritizing sustainability goals, fostering a culture of safety and problem-solving, focusing on human-centered design, and promoting collaboration and regulation practices, the Industry can work towards a sustainable, efficient, and cohesive future. This requires action from industry players, policymakers, and other stakeholders, and we must all work together to build a brighter future for the oceans industry.

Maritime Media: A Closer Look at the Industry and Its Impact

I am excited to have Holly Burkett, one of the top 100 women in shipping and an award-winning journalist, to talk with me today - long have we been connected on LinkedIn without having a real-life conversation. Holly is a seasoned reporter for Trade Winds, a publication known for its in-depth coverage of the Ocean Industry, including maritime, people, finance, law, and market trends. In this article, we'll dive into the world of maritime media and its impact on the industry, as well as Holly's experiences and insights as a maritime journalist.

Holly Burkett: A Voice in Maritime Media

Holly is a force to be reckoned with in the maritime media landscape, focusing on writing about dry bulk, shipping law, and ship brokers. She also utilizes social media and investigative techniques to uncover stories and share her work. Her journey to joining Trade Winds was no easy feat, but her persistence paid off, and she has been making significant contributions to the publication for over four years.

The Significance of Trade Winds

Trade Winds holds a prominent position in the maritime media world, providing industry professionals with valuable insights and in-depth coverage of the maritime world. Holly acknowledges that the publication has a high paywall but emphasizes the importance of supporting media outlets like Trade Winds, which rely on subscription revenues to sustain their operations and continue providing valuable content to the maritime community.

Overlapping Parts of the Industry

As a maritime journalist, Holly comes into contact with various aspects of the industry, providing comprehensive coverage and sharing essential insights with her readers. The maritime industry is known for its tight-knit community, where personal connections and relationships play a significant role. Trade Winds acts as a common ground through which people connect, network, and learn about each other, shaping their careers and businesses.

The Role of Trade Winds in the Maritime Industry

Tradewinds has a unique position in the maritime industry, significantly influencing commercial decisions and industry practices. Any critical coverage in Trade Winds can significantly impact the reputation of individuals and companies in the industry. With this influence, the maritime media can push for changes from people and diversity to commercial influence, risk perceptions, corporate governance, sanctions, and bad actors.

Equasis: Verifying Information in the Industry

Equasis is an Electronic Quality Shipping Information System widely used in the maritime industry to verify information about ships, shipping companies, and other industry players. Equasis is a non-profit organization that provides a wealth of information on vessels, including their ownership and management, classification society, and inspection history. Journalists and other industry players use the system to conduct due diligence, education, and knowledge-building.

Equasis has become increasingly important in recent years as the industry seeks to improve transparency and reduce risk. Equasis is used to ensure that companies comply with industry regulations and standards and to identify any potential issues or risks that may impact vessel operations. In short, Equasis provides a valuable tool for industry professionals to make informed decisions and manage risk effectively.

Personal Connections in the Maritime Industry

The maritime industry is known for its tight-knit community, where personal connections and relationships play a significant role. As individuals in the industry travel and meet each other in various settings, such as airports or industry events, these connections are formed and often last for years. Trade Winds is a common ground through which people connect and learn about each other. It serves as a platform for industry professionals to network, share information, and build relationships that can shape their careers and businesses.

Conclusion

In conclusion, the maritime media plays a significant role in shaping the industry, and journalists like Holly Burkett are the ones who keep us informed and connected.

References:

• Trade Winds: https://www.tradewindsnews.com/

• Equasis: https://www.equasis.org/EquasisWeb/public/HomePage

The Ocean Industry: Exploring Segments and Perspectives with Lena Göthberg

The ocean industry is a massive and complex field comprising various segments and perspectives. As such, gaining an understanding of the sector can be a daunting task. However, Lena Göthberg, an expert in the maritime industry and host of the Shipping Podcast, provides valuable insights into the different facets of the ocean industry.

Introducing Lena Göthberg

Lena Göthberg is the host and producer of the Shipping Podcast, which she started in 2015. Lena has a marine insurance and business intelligence background in the maritime industry, giving her a deep understanding of the ocean industry and its various facets.

Perspectives on the Ocean Industry

When asked about her perceptions of the ocean industry, Lena reflects on her biases and experiences. She acknowledges that her operational bias leads her to think about the industry's financing, insurance, and risk aspects. Lena highlights the significance of finance and insurance in the ocean industry, as they play a crucial role in supporting other industries.

Finance and Insurance in the Ocean Industry

Lena emphasizes that finance and insurance are vital components of the ocean industry, as they provide the necessary capital and manage risks associated with maritime operations. She points out that large companies have easy access to capital through banks and other financial institutions. However, smaller companies may face challenges in obtaining financing, and they may need to rely on alternative sources such as personal mortgages. Lena also notes that finance and insurance are closely linked to regulations and governance, as lenders often require companies to adhere to environmental, social, and governance (ESG) standards.

Risk Management in the Ocean Industry

In addition to finance, Lena stresses the importance of risk management in the ocean industry. Insurance plays a crucial role in mitigating risks that companies may want to avoid carrying on their balance sheets. Lena explains that companies need to analyze the risks associated with their operations and make informed decisions on which risks to insure. The insurance market has its way of assessing risks in the maritime industry, considering factors such as ships, transport, and cargo.

Understanding the Maritime Industry Ecosystem: A Triple Helix Approach

The maritime industry is a complex ecosystem with various stakeholders, including ship owners, authorities, universities, and customers. However, there is often a need for more understanding and collaboration among these stakeholders, which can hinder the industry's progress and growth.

Challenges in Understanding the Maritime Industry

As key players in the maritime industry, ship owners are often focused on their own businesses and ensuring their success. They may only sometimes have the time or inclination to understand the perspectives of other stakeholders, such as authorities, universities, or customers. This lack of understanding can lead to miscommunication, misalignment, and missed opportunities for collaboration and innovation.

Moreover, the maritime industry is diverse and multifaceted, with various subsectors, including shipping, logistics, multimodal transportation, production, construction, and naval operations. Each subsector has its unique challenges, regulations, and stakeholders, making it challenging to have a holistic view of the industry as a whole. This lack of clarity can lead to confusion and misunderstandings among stakeholders, hindering effective collaboration and progress.

The Triple Helix Approach

 The maritime industry can adopt a triple helix approach to overcome the challenges of understanding the industry's current siloed shape. Be it due to the tradition embedded in maritime culture and the viewpoints the industries sectors have of other areas and sectors. The triple helix model, first introduced by Etzkowitz and Leydesdorff in the 1990s, emphasizes the collaboration among three key stakeholders: academia, industry, and government. In the context of the maritime industry, this approach involves ship owners, authorities, and universities working together to foster mutual understanding, collaboration, and innovation.

The Importance of Training and Education

Training and education are crucial components of the maritime industry, providing the necessary skills and knowledge for the industry's workforce. Lena stresses the significance of investing in training and education to ensure the sustainability of the maritime industry. She emphasizes the need for continuous learning and upskilling as the industry constantly evolves and new technologies and regulations emerge.

In addition, Lena highlights the importance of diversity and inclusion in the maritime industry. She points out that the industry has traditionally been male-dominated, and there is a need to promote diversity and inclusivity to ensure the industry's growth and progress.

Conclusion

The ocean industry is a vast and complex field encompassing various segments and perspectives. Lena Göthberg's insights provide a valuable perspective on the different facets of the maritime industry, including finance, insurance, risk management, understanding the industry's ecosystem, and training and education.

The triple helix approach, which involves ship owners, authorities, and universities working together, can promote mutual understanding, collaboration, and innovation in the maritime industry. Furthermore, investing in training and education and promoting diversity and inclusivity are crucial for the industry's sustainability and growth.

In conclusion, the ocean industry is critical in supporting global trade, transportation, and the economy. Understanding the different segments and perspectives of the maritime industry is essential to foster collaboration and innovation, promoting sustainable practices, and ensuring the industry's continued growth and success.