A few decades ago or even a few years ago, no one would have believed that a simple rectangular steel box with 6 sides (well most of the time) would be termed “smart”.. Well, the “smart container” as it is termed now is here to stay..
Nothing displays the seriousness of this innovation better than when someone announces the setting up of the world’s first smart container innovation lab..
Digitalisation is the buzzword making the rounds currently, especially in the shipping and freight industry..
IT boffins are creating it, VCs are funding it, Entrepreneurs are finding new uses for it, Freight Forwarders, Shipping lines, Banks and Ports are adopting it, riding the wave of digitalisation..
There are many use cases relating to technology in the shipping and freight industry, but nothing screams “we are serious about digitalisation” more than a company running a competition for container operators, in which the winner gets to convert their entire container fleet into Smart Containers..
Yes, you heard right.. An entire container fleet..
We caught up with Shachar Tal, the Co-Founder of Loginno, the company that ran this competition..
Smart Containers are continuing with its growth trajectory and well on its way to becoming a part of our daily lives it seems.. As I wrote in my previous article, Smart containers are containers which are equipped with sensors designed to provide real-time tracking of its location and movements..
Using this technology, whether you are a shipping line, customer or security agency, you can track the progress of your containers anywhere in the world, plan your equipment and stock inventory which could possibly lead to reduced costs..
CMA-CGM, Maersk Line, MSC, ZIM Lines, are some of the lines who are already offering smart containers in the market..
Hamburg Süd (now part of Maersk Line stables) became the latest line to announce its future use of Remote Container Management (RCM), which was announced at the Fruit Logistica 2019 in Berlin..
Smart containers are dubbed as one of the innovations that is set to change the way in which we carry out traditional container shipping services..
This innovative technology is said to transform a standard ISO container into a smart, connected object which collects and communicates real-time data on its position and movements throughout its journey..
MSC’s is partnering with TRAXENS to convert 50,000 of its dry cargo containers to smart containers..
Innovation, creativity and digitalisation is in full flow within the shipping and freight industry.. The ubiquitous freight container has remained the same in terms of its design and structure and has not undergone much significant change in the last 50 odd years.. But in the recent past, it is being transformed quite dramatically.. Whether as a smart container or as … Read more here..
The world of shipping and freight is getting bigger and bigger but thanks to all the technological advances and digitalisation it is also bring all players in the industry closer than ever before..
However, meeting people face to face, sharing issues of mutual interest and benefit and thrashing out common problems and finding solutions has a special flavour and charm to it.. Not to mention the experience you gain out of meeting experienced people..
Intermodal Europe 2019 to be held between the 5th and 7th of November at Hamburg Messe promises to bring out the best in terms of its offering to the industry..
Some of the interesting topics presented include………………………….
Climate change has been and is at the heart of many initiatives within the shipping and freight industry.. Whether it is IMO’s proposed implementation of IMO 2020 regulations 98 days down the road, or the use of bio fuels to run ships or the use of scrubbers or LNG powered ships, there are several initiatives being followed by the industry..
In line with this, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group announced in 2017 that the group would be ordering a series of 23,000-TEU containerships that would be the world’s first ever to be powered by LNG (liquefied natural gas)..
This decision became a reality when the group announced the launch of the world’s largest LNG powered containership..
Smart Computers, Smart Phones, Smart Cars and now Smart Bill of lading..!!!!
Shipping documentation in its current form has been around for many decades and has been working quite well..
There are several factors that are involved in the preparation, checking, transmission, hand over, payment and many of the intrinsic activities involved in the process of a bill of lading..
When I first heard of the Blockchain based Smart Bill of Lading by CargoX, I was a bit unsure as to how this new technology will replace all of the above as there are several such products trying to break into the shipping and freight industry in the name of innovation, digitisation, IoT, SaaS etc..
So, when CargoX asked me to have a look at how this blockchain based bill of lading system and process actually works, I proceeded to have a look with a tad bit of skepticism..
But before I share the details of my review, experience, impression and opinion, let’s take a quick look at what is a bill of lading, what is a blockchain and how these work together and fit in the process of a shipment..