How Industrial IoT will Disrupt the Shipping Industry; COSCO Shipping Lines supports digitalisation of shipping industry

How Industrial IoT will Disrupt the Shipping Industry
Arti Loftus July 16, 2019

According to the World Shipping Council, cargo and liner ships transport more than $4 trillion USD worth of goods annually, representing a material of the gross domestic product (GDP) of just about every country on the globe. To fully understand the scale and scope of ocean shipping, consider this:

Ocean shipping industry transports over 80% of consumer goods.
International shipping industry carries 90% of global trade by tonnage according to the International Chamber of Shipping.
In 2014, containers handled by all ports world-wide (including empties, transshipment and port handling) was more than 680 million TEU (twenty-foot equivalent unit containers), according to the World Shipping Council.
The top 100 ports accounted for 588 million TEU in 2017, according to Lloyd’s List.

more...https://www.iotevolutionworld.com/smart-transport/articles/442702-how-in...

COSCO Shipping Lines supports digitalisation of shipping industry
16 July 2019

Leading global shipment management software solutions provider, CargoSmart, announced the execution of Global Shipping Business Network (GSBN) Services Agreements with maritime industry operators CMA CGM, COSCO Shipping Lines, COSCO SHIPPING Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group. Under these agreements, each signatory commits to provide resources to support preparatory work required to establish the GSBN, a not-for-profit joint venture to accelerate the digital transformation of the shipping industry. That preparatory work includes obtaining all necessary regulatory, competition and antitrust approvals required for the establishment of the GSBN. CargoSmart will provide software solutions and services to the GSBN once it is formed.

more...https://www.drybulkmagazine.com/shipping/16072019/cosco-shipping-lines-s...