“I have witnessed significant changes in the industry”

In the fourth part of our interview series, Karin Orsel shares her view on shipping and the future of the maritime industry. She is – amongst other roles within the maritime industry – co-owner and CEO of MF Shipping Group based in the Netherlands.

Can you tell us a little about your background and about your role today?

Yes, of course. Almost 30 years ago, at the age of 23, I was working in the financial administration of a shipping company when I was given an unexpected opportunity: Together with two partners, we were able to take over the bankrupt company I was working for. We started modestly, with just six vessels and a team of 50 crew and three office staff. Today, MF Shipping Group has grown into a global ship manager with a fleet of 55 vessels and around 1,000 crew members on board, as well as another 80 employees at our office in Farmsum, near Delfzijl. I am co-owner and CEO, and since 2007 I have also been managing director of Thun Tankers BV, a wholly owned subsidiary of Erik Thun AB. I also hold a number of board positions, including a position on the board of the KVNR (Dutch Shipowners’ Association). I have been a member of the Board of the International Chamber of Shipping, ICS, for 14 years and have been appointed President of the European Community Shipowners’ Association, ECSA, since January 2024. I am also chair of ISWAN, an international seafarers’ charity dedicated to improving the lives of seafarers and their families through services, resources, policies and advocacy.

What is the single biggest challenge that the shipping industry is facing now?

The shipping industry is currently facing its biggest challenge ever: the pursuit of sustainability and zero emissions by 2050. The pressure to reduce greenhouse gas emissions and minimise environmental impact is forcing the industry to invest in new technologies and operational practices. This includes the development of cleaner fuels, the use of energy-efficient vessels and the exploration of alternative propulsion systems.

MF Shipping Group manages part of the Erik Thun Group’s fleet and together we are exploring various alternatives. For example, the latest tanker, the Thun Resource, is already equipped with advanced features such as adaptive propulsion to minimise energy consumption, readiness for shore connection, UPS battery pack and the latest resource-efficient machinery. Seven more R-Class tankers are currently under construction. For another part of the Thun fleet, e-methane is being investigated as a replacement for fossil LNG fuel, allowing the existing LNG fleet to continue operating without the need to replace propulsion systems.

A crucial aspect of this transition to sustainability is the need to adapt the entire logistics chain, from source to emissions. This means that, in addition to offering a range of clean fuels, ports themselves must be equipped with the necessary infrastructure. Only in this way can the shipping industry make a significant contribution to reducing its environmental impact while meeting the growing demands of sustainability.

What are the most important questions for the shipping industry in the future?

The shipping industry faces many important challenges, both now and in the near future. One pressing issue is compliance with international laws and regulations and ensuring fair competition between all stakeholders. Equally important is attracting and retaining a well-trained workforce, with a strong emphasis on promoting diversity and equal opportunities, including improving the representation of women in the industry.

Another important question is how the sector can continue to innovate to become greener, especially in the face of increasing pressure to reduce environmental impact. This includes the development of new technologies and processes, even though the future of clean fuels is still uncertain. We also need to focus more on the conservation and protection of our oceans, with particular emphasis on marine life and ecosystems.

In adapting to changing trade patterns and the forces of globalisation, shipping companies must demonstrate adaptability to respond effectively to changing market dynamics and trade routes. For example, efforts are currently focused on ensuring the safety and welfare of seafarers in the Red Sea, while addressing the challenges of cyber and digital security. The industry faces a wide range of challenges, all of which require concerted efforts and innovative solutions.

What opportunities do you see for the shipping industry moving forward?

Looking to the future of the shipping industry, I see many opportunities to make a positive impact. Sustainability stands out as one of the biggest opportunities. Not only does it enhance our image, but it also opens up to new business opportunities, by meeting the growing demand for cleaner transport. With shipping accounting for 90 percent of global transports, we have an advantage that we can use to stay at the forefront of promoting greener transport, unlike, for example, aviation.

In addition, technological innovation is an opportunity. By investing in smart, sustainable solutions, we can reduce our operating costs and strengthen our competitive position. By continuing to innovate, we can prepare our industry for the future and achieve sustainable shipping.

How has the industry changed since you started your career in shipping?

Since I began my career in shipping, I have witnessed significant changes in the industry. Over the years, there has been an increase in increasingly complex international regulations, initially focused primarily on safety. However, in recent years, the focus has shifted towards people and the environment. This is a very positive development because all technological advancements, digitalisation, and reducing ship emissions cannot be achieved without involving our crew.

Another major change is the growth of women and diversity in the sector, both at sea and on land. Fortunately, there is also greater global attention to the welfare of seafarers and living conditions on board. I am pleased to see that we are moving towards a more diverse and inclusive industry.

Lastly, I want to mention the covid-19 pandemic, which has led to improved international cooperation within the industry and has shown that we are better equipped to handle challenges together.

In your opinion, what is the best thing with working in shipping?

The best thing about working in the maritime industry is that no day is the same. As soon as you step into the sector, you see people working with passion, and that is truly infectious. The dynamics of the international context in which we operate constantly bring new challenges and opportunities. The idea that we contribute to the transportation of about 90 percent of all goods across the seas really gives a sense of purpose. What truly enriches this sector is that you learn to appreciate different perspectives. We collaborate with people from all over the world, which broadens your horisons and enhances your cultural intelligence. I am also genuinely excited about the focus on sustainability within the maritime industry. It is inspiring to be part of initiatives striving for a cleaner and greener future for our oceans and planet. And let’s be honest, working in the maritime industry is just fun!

Publicerad: 2024-07-09