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How Industrial IoT will Disrupt the Shipping Industry
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.
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