Energy in the Maritime Industry - Stepping away from tradition

Tuesday, March 19, 2013

Energy in the Maritime Industry

For the second year in succession, ESCP Europe Business School, had invited KNUD E. HANSEN A/S as a contributor to the EMEM 2013 course in the London Campus February 2013

By Mr. Giuseppe Tringali, General Manager of KNUD E. HANSEN A/S Greek office.

The Executive Master in Energy Management (EMEM) course is aimed to executives in the energy industry. The sector has long been segmented into upstream versus downstream, oil and gas versus utilities, resulting in a high degree of specialisation. Today’s managers need to have a broader perspective with an integrated view of the various issues in order to cope with complexity; to have a clear understanding of antagonisms across actors; and to eventually be able to anticipate and design proper sets of actions and strategies.

The current approach to evaluation and execution of large engineering projects in the Maritime Industry mostly focusing on the Energy implications.

Giuseppe Tringali stated that: “The rising cost of fuel and geopolitical distribution of the remaining reserves of fossil fuel and natural gas are driving the Maritime Industry through substantial changes. These changes, together with stricter requirements dictated by governing bodies and the need to keep the business profitable, are adding complexity to the realisation of these projects.”

This contribution has given the chance to the attendants, who are executives from different industries, to gather an overview on an industry with strong traditional approach which has slowly started to react to these changes.

This year the staged approach developed by KNUD E. HANSEN A/S to offer a Decision Support Tool (DST) to key players in the Marine Industry has also been presented to the attendants as well. The tool is still under development but the reaction in the industry is very encouraging because it gives a chance to decision makers to bridge the gap between the technical requirements and the commercial implication of their choices of investments.

Dr. Kostas Andriosopoulos, co-director of the EMEM course and Executive Director of the Research Centre for Energy Management @ ESCP Europe, said that: “the four hours seminar, which was complemented by a role play scenario in decision making, was widely welcomed by the attendants again and KNUD E. HANSEN A/S and ESCP Europe will continue this cooperation in the future.”

Giuseppe Tringali says: "Shipping will always be a fundamental part of the transportation Matrix, therefore those who want to succeed have a chance but they need to step out of their usual way of doing things."

About ESCP EUROPE

ESCP Europe is both a high-level school of management with international scope and a large-scale European institution. It was founded in Paris in 1819 and, since then, it has educated generations of leaders, contributing to the fine reputation it enjoys today. ESCP Europe’s ambition is to contribute actively to the development of a European economic culture. With five campuses in Paris, Berlin, London, Madrid and Turin, ESCP Europe is the School of Management for Europe.

Each year ESCP Europe welcomes 4,000 students and a similar number of top-level executives. It is at the cutting edge of a knowledge and immaterial economy; fosters innovation and accompanies business organisations in their change process; sustains a wide international partnership network reflecting its global ambitions; is actively involved in economic and societal debate on European issues. Students and executives come from around the world. The school offers them a model of management which prepares them for the future in the respect of such humanist European values as creativity, history, culture, transversely and diversity.