Digitalisation faces an uphill task replacing sale-and-purchase brokers, according to Sterling Shipping Services’ chairman Quentin Soanes.

“How is a Greek owner going to sell his ship to a Chinese buyer [who doesn’t speak English],” says Soanes.

“I don’t see digitalisation has any role in that.”

Soanes doubts whether digitalisation in S&P will reach the point where “you start worrying about it”.