Geopolitics is having a great effect on ocean shipping today. Trade is where wars are fought now. It may have been true in the past as well, but the means and methods are changing rapidly.
I listened to this podcast featuring Jon Thompson, co-founder and commercial director of Ambrey, an international risk management company. He made several interesting points.
What’s become possible only recently is to combine, using digital infrastructure, information about many factors into an overview of the risk attendant on any voyage. Ambrey has been working on displaying info about piracy, missile attacks, weather, environmental zones, conflict zones, fuel availability and usage, and others, so it can be incorporated into contracts and insurance provisions, as well as used by captains and ship managers to plan voyages to reduce risk and increase profit.
Ambrey started out supplying onboard security to ships, intending to prevent piracy. But their vision has now expanded to all the hazards commercial ships face; assessing, rating, and providing insurance against them.
Another point he made is that the oceans, 70% of the earth, are becoming better understood and measured. Ocean shipping needs to take advantage of this increasing knowledge about who’s using them where and what conditions they are facing.
John Thompson’s view of the data, analytics, and AI involved, and the business aspects it affects, is most interesting. Take a listen.
John also has interesting views on what he and others look for in hiring new people.
Marcus Hand | Aug 08, 2024
https://www.seatrade-maritime.com/ship-operations/geopolitics-and-shipping-john-thompson-ambrey
Supply Chain and Logistics 