According to an article published by The United Nations Conference on Trade and Development (UNCTAD), the digital wave has thrown considerable challenges before the traditional shipping agents who are accustomed to the self-organising ecosystem of the marine industry. However, the experts have also opined that these digital disruptions can create new opportunities for these agents and help them redefine their roles in the global maritime transport chain. So, whether you want to buy fast ferries or invest in RoRo vessels for sale, contacting a shipping agent is still necessary and relevant even in the digital age. Do you want to know more? Keep reading.
The conventional role of shipbrokers –
Ship brokering has been a popular profession since the inception of commercial shipping. Boasting of wide connections and networks, shipbrokers aid in the flow of information within the shipping industry and follow the market trends diligently. Acting as the representative of his clients, such as ship owners, the professional can help them in finding cargo or employment for their ships. In many cases, shipbrokers may also take part in the ship chartering activity wherein the charterers might require ships to transport their cargoes to particular destinations.
Apart from being an advisor to the charterers and owners, a shipbroker can also fulfil the role of being a dispute resolver between two or more parties. Previously, shipbrokers had limited reach and fewer contacts. They would solely rely on paper documents on market reports and government policies but the events have taken a turn with the advent of modern digital communication. With information exchange becoming seamless, shipbrokers now need to tap into the pool of databases and take them on board to improve their consultancy services for high-speed crafts, luxurious cruises, and RoRo vessels for sale.
The drive to adopt digital technologies
– There is no denying that new technologies have somewhat disrupted the traditional role of shipbrokers. That is because the shipowners or charterers can now easily access the market-related information floating on the internet today. But, that does not have to be a bane for shipbrokers provided they know how to take technologies to their stride. Recently, Simpson Spence Young, one of the leading global shipbrokers entered into an agreement with Signal Ocean Ltd, a high-impact technology firm to introduce data-driven solutions into the shipbroking world (rivieramm.com).
Thus, by leveraging the databases and high-end technologies, these professionals are now enhancing their technical expertise, expanding the informational network, and contextualising data to offer dispute resolution and better negotiations for their clients. So, whether one invests in RoPax or RoRo vessels for sale, he/she should trust the skills of shipbrokers that are now capitalising on modern technologies for the betterment of their services.
Conclusion –
The wave of digital transformation has crashed into the shipbroking industry. As a result of this development, brokers are now looking for ways to harness technology for securing their position in the market and providing additional value to all of their clients. As one of the leading players in the shipbroking world, Norwegian Ship Sales is adopting modern technologies including digital trends to meet the expectations of its clients with improved efficiency and dedication.
