The coronavirus pandemic will speed up the transformation of shipping with technological changes that might otherwise have taken a decade to happen.

Investment banker Paul Cuatrecasas, the founder and chief executive of ‘techquisition’ firm Aquaa Partners with clients in the transport sector, believes shipping — particularly big container lines and bulker owners — will become all the more ripe for disruption as a result of the Covid-19 outbreak.

'Severe' disruption'

“It is an industry sector that is going to be severely disrupted over the next 10 years — but now I think with the coronavirus that may accelerate dramatically, and I would say that is looking more like five to seven years,” he said in a conference call briefing, which was originally going to be a face-to-face meeting prior to virus restrictions.