Wah Kwong Maritime Transport

Hong Kong based Wah Kwong Maritime Transport executive chairman Chao Sih Hing made a firm pledge to keep his family company in shipowning. According to Chao Sih Hing, Wah Kwong Maritime Transport is committed to the family tradition of ordering, building, and selling ships. Recently, Chao Sih Hing transitioned into Wah Kwong Maritime Transport chairman’s role after his sister Sabrina Chao stepped back. In the past few years, Wah Kwong Maritime Transport has been increasingly acted as a service provider in technical, newbuilding management and commercial services for new Chinese fleets. However, Asset light activities will be only a small portion of Wah Kwong Maritime Transport’s business.
In the same event, Orient Overseas Container Line’s (OOCL) Chief Information Officer (CIO) Steve Siu made the case for technology’s transformative powers. Furthermore, Dingheng Shipping’s CEO Li Duozhu explained that in near future shipping market will see the shipowners of the world shake down to 10 players and crewless autonomous shipping will be the key to survival for a few players who latch onto the new methods. On the other hand, Sumec Ocean Transportation’s Manager Yang Lei believes that artificial intelligence (AI) depends on volumes of data that are much less relevant to capesize chartering than to the ultra-detailed task of managing global container logistics. According to Yang Lei, we will not have unmanned ships in 20 years, because cost of a crew is nothing compared to the cost of a ship sinking.