In my previous article, I dedicated some thoughts to ship management. Now, I want to look into the options for shipowners according to their fleet size. Therefore, I have titled this write-up Digital Technology Guideline for Shipowners, where I intend to provide a clear framework for leaders in shipowners companies as a source of inspiration. It goes without saying that the company's leaders' appetite and ambition (or lack thereof) are not limited by the fleet size, nevertheless, as a framework, it helps to focus energy and resources.

NB: The above table shows different scenarios which are irrespective of whether the vessels are managed internally or through third ship management companies. Shipowners companies need to define their internal and external scope, according to their needs and/or preferences.

At this moment, it's normal that many companies are not at the right level in each category (technology strategy, innovation strategy, cybersecurity strategy, technology use, and financial benefits), but definitely, something that has to change in the short term if they want to keep pace with the industry. Clearly enough, some companies will continue behaving not according to their fleet size level but to a lower size level standard, which are the companies that will certainly struggle to survive in the mid-term..

This article was originally published on LinkedIn and has been republished with permission of the author. Click here to view the LinkedIn post.