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Tapping technology to stay afloat

In a challenging environment, shipowners are focusing more on initiatives to reduce operational costs, reports MALMINDERJIT SINGH
Wednesday, March 12, 2014 - 06:00

SHIPOWNERS are likely to continue to face the prospect of a high-cost environment, which is forcing them to turn towards technology and innovation to stay afloat. Several factors have given rise to cost pressures in the sector and made financing more costly and less accessible, industry players

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