Efficiency

To survive in the maritime industry, companies must continually improve their efficiency of operations. But highly efficient maritime companies are not enough to optimize efficiency of the maritime logistics chain, since many issues cannot be dealt with by any company acting on its own.

The multitude and magnitude of reporting requirements, the lack of common standards, and the inefficiencies of port call operations are all examples of issues with room for improvement. The Global Maritime Forum is investigating opportunities to develop pre-competitive ways of collaborating which can improve the efficiency of the maritime logistics chain, reduce waste and resource use, and stimulate global trade to the benefit of the maritime industry and the world it serves.

Collaboration and efficiency at the Global Maritime Forum's Annual Summit 2019 in Singapore