A Greek maritime environmental engineering company has merged with a well known local shipping IT firm with the pair vowing to develop green digital solutions for the industry. Erma First, best known for its ballast water treatment systems, has bought out METIS Cyberspace Technology from the Germanos–led Olympia Group. Established in 2016, METIS is specialised in electronic engineering, IoT, cloud computing and artificial intelligence, offering a platform that enables shipping companies to acquire and analyse data to improve performance over a wide range of operational aspects. "With technology playing an increasingly critical role in every aspect of the industry, both companies recognize that they need to accelerate the development of green digital solutions to ensure they remain in the competitive vanguard," the companies said in a statement. Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world's oldest newspaper, Lloyd's List.
South Korea's Hyundai Merchant Marine (HMM) has become the latest containerline to highlight its foray into blockchain. The company revealed today it has completed its first blockchain adopted pilot voyage with the technology specifically used to focus on reefer shipments. A ship went from Busan to Qingdao at the end of August with blockchain technology deployed for reefer shipment bookings to cargo delivery. Combining the blockchain technology with the Internet of Things (IoT) technology was also tested and reviewed through real-time monitoring and managing of the reefer containers on the vessel. "Adopting blockchain technology in shipping & logistics industry will enable all involved parties to securely share all the information such as Certificate of Origin and customs clearance information, and will also reduce a tremendous amount of paperwork – such as inputting booking information and Bill of Lading – hence will improve work efficiency.
Hong Kong company 300cubits has announced the completion of the first trial shipment in its smart contract deployed on the Ethereum blockchain, a landmark moment for liner shipping. Last Thursday, TEU tokens – a digital currency developed by 300cubits – held as a booking deposit on blockchain were returned to the users upon receipt of a port EDI message on a textile shipment. The shipment consists of two feu going from Malaysia to Brazil. A liner company, Malaysia's Westports and LPR, a Brazilian textile importer, participated in the trial. The shipment booking was confirmed on March 8, booking deposits in TEU tokens were placed by both the shipper and the liner on the following day and returned on March 15 upon successful completion of the shipment loading.
METIS CyberTechnology, an information intelligence solutions provider, helps clients improve ton performance, optimise fuel oil consumption and reduce emissions. Participating at Posidonia for the first time this June, METIS will demonstrate its artificial intelligence BOT software for the maritime industry, a solution that provides Virtual Assistants who communicate with customers in a natural-language simply with text transcriptions, hence artificial intelligence in action. "Posidonia 2018 is an excellent opportunity for METIS, since we have the unique opportunity to meet a vast variety of forward-thinking maritime executives from all over the world. Our innovative, state-of-the-art solution based on artificial intelligence, will be present at the global forum to explore its potential via live demonstration and fruitful meetings," said Mike Konstantinidis, CEO at METIS CyberTechnology.
Transport and logistics businesses are investing in Internet of Things (IoT)-based smart technologies to help them take advantage of the wealth of opportunities that the Fourth Industrial Revolution offers. This is according to research data collected by Inmarsat, the mobile satellite communications provider, which reveals that the sector is prioritising IoT, machine learning and robotics to increase efficiencies across the supply chain. Inmarsat's The Future of IoT in Enterprise report, featuring responses from 100 large global transportation companies, found that respondents see IoT as the top priority in their approach to digital transformation, with 36% having already deployed IoT-based solutions, and a further 45% expecting to roll the technology out by 2019. The research further revealed that transport companies are rapidly exploring a wide range of other next generation technologies in the pursuit of digital transformation. The most popular are machine learning (37%), robotics (37%) and 3D printing (29%).