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Investors advised to look to shipping tech

Investing in shipping assets is not wise and potential new entrants to the market would be better off putting their money into technology after finding out what the industry really needs

There is a dire need for committed funds for technology to improve shipping, TCC Group chairman and chief executive officer Kenneth Koo told the online audience at the 13th Marine Money Virtual Hong Kong Ship Finance Forum. While commenting that the last thing the industry needs is more asset players, he added that with so much free capital available, this was unlikely to happen

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