What Digitalization Mean for the Maritime Shipping Industry

1. What Digitalization Mean for the Maritime Shipping Industry Digitalization has changed diverse industries all over the world a long time ago, but many processes in the maritime shipping industry are still carried out manually. The processes of shipping containers are inefficient, thereby increasing costs. Digitalization is moving into traditional structures of the maritime industry, as ship owners and operators have now understood the fact that customers look for better user experience. Digitalization of shipping operations is essential to lower costs, improve competitiveness and enhance efficiency. Digitalization in Shipping and Logistics The International Maritime Organization (IMO) is now focusing on the implementation of digitalization and automated systems to manage and control ships and off shore facilities to increase efficiency, safety and security. These days, modern ships come equipped with highly automated software-based control systems and simulation software to manage shipping processes. Increased automation and availability of software-controlled systems allow for greater control over shipping operations, and can help to keep rates lower while improving individual competitiveness. Ships that have GPS navigation and maritime Internet communication systems can provide real- time data feeds to operators, allowing for better planning and transfer of goods. Mobile satellite services provide operators with reliable, private and secure communication capabilities and better connectivity. Every year, shipping companies spend number of hours and about USD 200 million on physical inspections of its containers. Shipping containers equipped with sensors and radio- frequency

2. identification transponders, making tracking of containers easier for optimized transport and distribution. Individual sensors on ships can provide valuable insight about engine’s performance and fuel consumption. Digitalization has also entered into the shipping maintenance processes. Ship machinery and equipment can be fitted with transmitters that report performance and early signs of malfunction via mobile satellite services to the ship’s central control center. With digitalization and use of Automatic Identification System (AIS) and Electronic Chart Display and Information System (ECDIS), modern ships are vulnerable to cyber attacks. That’s why ships and commercial vessels should integrate data security with cyber policies to prevent cyber crime. Definitely, the maritime industry is benefiting from latest technologies such as maritime Internet, mobile satellite services, tracking devices, sensors and GPS navigation. The next generation of technology for the shipping industry could be in full operation by the year 2030. In future, shipping companies may adopt Big Data and Internet of Things (IoT) technologies in order to boost the capabilities of their ships. However, in the current scenario, the latest technological developments have increased efficiency, decreased maintenance costs, and improved shipping operations.