The Shipping and ports industries are under pressure and undergoing structural changes. Pressure on revenue and costs, such as price volatility, increasing operational costs, and coupled that with increasing complexity of global trade flows and technology, drive the need for innovation to find solutions.
For ports and the maritime supply chain to remain competitive in the new era of the IoT, they must make use of connected technologies. Digital port technologies streamline and connect data between ships at sea, and at port, with terminal operators and port authorities, and even inland for inter-modal traffic . Digital sea ports are part of Industry 4.0, to modernize ports for automation and real time
Digitizing operations provide access to the equipment in real time. The equipment can be analyzed and alerts can be acted upon immediately. Every 10% increase in the utilization of critical equipment, such as QC or RTG, can result in up to a 3-5% increase in revenue.