“Smart” technologies transforming shipping industry and ports by improving quality, increasing productivity and lowering costs

Shipping is the lynchpin of a global economy between exporters and importers. Today, about 90% of the world’s goods are transported by water connecting with various land transfer systems, such as rail, truck, and air.” Globalization has fueled huge growth in the shipping industry. Low-cost shipping is the means that enables countries to import consumer goods inexpensively and export their products in a cost-effective way.