the impact of information technology on organisations that provide services to the maritime sector is also brought under review with the aim of identifying the criticality of it as a strategic. Technology, in different walks of life has revolutionized and made a herculean task within the human capability. Publisher. The Effects of Globalization on Freight Transportation Lauren Jennings Office for Economic Development University of Alabama Huntsville Huntsville, AL 35899 USA Abstract Globalization integrates production, distribution and consumption across borders creating one market. Whilst this focus will continue, the maritime industry is having to respond to a very challenging business environment. In fact, an article published by the World Bank reports that shipping accounts for 80% of all world trade's total volume.. As more of the shipping industry's processes become digital and/or linked to the Cloud, the potential risk of systems being hacked or tampered with increases. The Impact of Digital Innovation and Blockchain on the Music Industry Ignacio De Leon Ravi Gupta Institutions for Development Sector Competitiveness, Technology, and Innovation Division DISCUSSION PAPER Nº IDB-DP-549 November 2017 Because of the nature of the shipping industry, transport and logistics companies have widely distributed networks and rely on rapid information about them to make effective decisions. Increasing automation causes the loss of situation awareness,. The Internet of Things is embedded into every industry, and it is revolutionizing the way that we collect data and process information—two integral factors for the shipping industry. The industry is largely affected by globalization today. From the original wider selection of papers (outcome of step 1), subsequent refinements (i.e. Shipping and maritime industry are going to witness one of the biggest transformation and revolution with the implementation of Blockchain technology. Around 80% of global trade by volume and over 70% by value is carried by sea, as per the UNCTAD estimate. However, like other lucrative industries, it doesn't only deal with accommodating a high demand for services, but also constantly faces numerous environmental issues. It has increased the well-being of the students. It is more contagious than the 2002 SARS outbreak, its cousin, but not as lethal. October 25, 2016 by maxgroup in Industry, . 2017. Huge capital is required to support the global shipping sector. Global maritime trade grew at a slower pace in 2018 compared to previous years due to global economic uncertainty, the ongoing tariff tensions between the US and China and stricter climate change regulation, the United Nations Conference on Trade and Development (UNCTAD) has revealed. Like other transport infrastructures, several economic impacts of port infrastructure investments result in economic benefits.Economic theory often refers to ports as important economic development factors, particularly from a historical standpoint where they acted as promoters of . 2017. use of the filter "Maritime" [step 2]; assessment of the scope of the research and potential impact on the overall maritime industry, and the exclusion of researches that deals only with historical or educational elements and [Step 3]) led to the final paper selection that has been discussed in . For the first time, the report lists pandemics as one of the 19 global issues. Arun Sharma: The maritime industry has entered the era of digital transformation later than other sectors, but with cautious optimism towards a better shipping ecosystem. What are the benefits of adopting autonomy technology for the maritime industry? THE PHILIPPINE MARITIME INDUSTRY: PROSPECTS AND CHALLENGES IN 2013 AND BEYOND I. As more of the shipping industry's processes become digital and/or linked to the Cloud, the potential risk of systems being hacked or tampered with increases. We expect that over the coming decades, the maritime industry is likely to transform again in response to a globalized understanding of environmental and energy issues. The industry also relies on a vast workforce and technology innovation. For the sake of comparing effects from introducing IoT technology, it is necessary to determine the criteria and to develop a calculation method for the evaluation. ASSESSMENT OF CABOTAGE ACT IMPLEMENTATION NIGERIA. Autonomous ships are good for business, for the environment and improves safety both at sea and on land. 2019 ; Lambrou et al . 2016; 27(21): 2579-2581. Table 1: Summary of Key Impact of the Four Technologies on Maritime Trade and Maritime Industry 3D Printing Maritime Trade Maritime Industry 1) 3D printing could potentially lead to reduction in volumes of finished goods trade, with the possibility to manufacture on demand for small quantities. speed deceleration or ship rerouting). A . Though ships have long been equipped with sensors to collect data, technological advancements now allow this data to be processed and sent in real time, further . knowledge and skills in the area of Information Technology - a tool necessary today in the management and working of any shipping company/maritime industry. Today our topic is the positive and negative effects of globalization on industries. In addition, there is a special focus on COVID-19. As the effects of the virus are currently felt around the globe, governments and businesses'primary focus is the safety of their people. How well we, industry and government working together, take advantage of the promise inherent in these new technologies and techniques will, The Information Technology Association of America reports that 92 percent of IT professionals work for non-IT companies". But more often than not, in the short term, the hype outweighs the impact. Investment in quality improvement of port infrastructure and its contribution to economy are often questioned by politicians, investors and general public. One benefit is the reduction of human error that often plays a key role in the cause of accidents at sea. The priority research areas address societal, global, and industrial challenges to deliver a more eco-friendly, safer, and competitive maritime industry, for a sustainable future. The maritime industry has long traditions of continuously adopting and adapting to new technology. As a result, the shipping industry is one of the earliest users of IoT technologies. German-Philippine Chamber of Commerce and Industry, Inc. 8/ F Dรถhle Haus Manila 30-38 Sen. Gil Puyat Avenue . Autonomous surface vessels will be a big part of that and digital is changing port and maritime operations beyond recognition - the Maritime and Port Authority of Singapore (MPA) recently announced a $100 million injection of investment into automated and digital tools for the industry. Autonomy introduces a new competition area for short-sea shipping and opens a larger market for maritime players - on the expense of polluting, congested and . The first positive case of COVID-19 reported in Brazil on 26 th February was the beginning of the latest waves of global infection that infiltrated the Latin American and Caribbean region. Major names like Deloitte have researched well into the thought of establishing true smart ports, as driven by various challenges from the industry. How will COVID-19 affect the maritime industry? Fourth Industrial Revolution Impact on Smart Ports. Published Feb 11, 2022 7:43 PM by The Maritime Executive One of the challenges that the shipping industry will face in the . Autonomous technological advancement is projected to be a major step change in the world of shipping, creating new opportunities and challenges for maritime authorities and all stakeholders in the maritime sector. The increased availability, reliability . In this paper, we aim to explore the influence of automation technology implementation on employment opportunities for women seafarers/operators in the merchant shipping industry. Publisher Full Text HR Magazine: The future of recruitment. In this section, the maritime industry is treated as a sociotechnical system, with stakeholder requirements and functions of the maritime industry. With new technology and ways of doing business, industry experts recognise there is a need for behavioural change in the maritime industry. These are exciting times for observers of technology in . 3D printing, or additive manufacturing, has the potential to transform the maritime industry - radically disrupting existing business models and redefining the entire supply chain. Change is now being embedded at a commendably fast pace where we are witnessing a relatively quick uptake and smooth implementation of modern technologies which are expected . (2005), classified the maritime industry into four main sectors, which are i) marine transportation, ii) harbour, iii) fisheries and marine products, iv) shipbuilding and other marine transportation.In Malaysia, maritime sectors play a vital role in improving the local economy. Kuehne+Nagel and Aker Clean Hydrogen to Build Green Fuel Supply Chain. Extension of Range. according to the global marine technology report 2030, two technology landscapes will shape the future of commercial shipping with a significant impact on ship design and ship operation: the first technology arena originates from within the industry, as intense competition encourages technology sophistication and operational efficiency in order … Digitisation might increase efficiency and safety but also opens players up to a new kind of danger. In the next decade, seaborne trade demand is predicted to grow by 26%, from 62.5 Gt-nm (2019) to 78.7 Gt-nm (2030). Sensor technology, if calibrated correctly, can guarantee the most efficient operation on ships. Moreover, blockchain technology can contribute to resolving the problems of the maritime industry related to information asymmetry, lack of trust, and undesirable delays (Filom and Van Hassel 2020). The maritime sector is a major global industry. In a general sense unique in relation to the third one, the fourth Industrial Revolution or Industry 4.0, carries exponential changes to the manner in which we live, work and identify with each other because of the selection of digital physical frameworks. DNV GL is ready to help the industry navigate the way ahead, seize the potential, and mitigate risk, on a journey into the future. The Impact of the Maritime Industry on the Philippine Economy. Growth Opportunities of Emerging Technologies for Autonomous Ships Technology will have a critical role in addressing some of the key challenges facing the maritime sector, from COVID-19 to climate. Effects and Solutions o f Marine Pollution from Ships in Nigerian Waterways Umo Iduk, Nitonye Samson . The pandemic has sent shockwaves through supply chains, shipping networks and . Imprint. In addition, the consumption of energy and natural resources, health and environmental effects from unloading cargo, the land taken up by ports and sea lanes and their barrier effect, and erosion. 8. In the shipping industry, robots are gradually being used to aid all the tasks. Due to incredibly advancing technology and reduced manning levels in the maritime industry there is now a cultural shift in the maritime industry toward increased levels of automation in tasks, particularly with regard to navigation systems. Digitisation might increase efficiency and safety but also opens players up to a new kind of danger. In order to address the . Global maritime trade will plunge by 4.1% in 2020 due to the unprecedented disruption caused by COVID-19, UNCTAD estimates in its Review of Maritime Transport 2020, released on 12 November. The analysis considers the availability of ship finance, a segment of the maritime industry which is currently experiencing economic and disruptive challenges, and examines the impact of the associated premium of the purchase price of ships of innovative technology in the financial life cycle assessment of the asset. Kwak et al. While export markets offer U.S. companies tremendous opportunities, these same markets pose potential challenges to the protection and enforcement of valuable intellectual property (IP). Impact on maritime. over the maritime industry (1). 4000, Oyo State, Nigeria ABSTRACT: The application and development of Information and Communication Technologies (ICT) have already had significant effects on many industries, especially in the field of freight distribution. This paper examines the impact of ICT on the performance of freight distribution in Based on a survey of maritime industry leaders and bolstered by expert commentary, the report presents a look into the top global issues for the sector . But technological innovation alone cannot change the game. No Ballast System decreases negative impact on aqua biology. Holland P, Bardoel A: The impact of technology on work in the twenty-fist century: exploring the smart and dark side. The Maritime Industry and COVID-19. These are our predictions for the tech trends to watch this year. Introduction. The Act was enacted to empower domestic shipping operators to take control of the coastal shipping trade and from it, develop the Nigerian maritime Industry to be a force to reckon with in the world maritime trade. Because of the free flow of people, technology, culture, capital, and code of conduct, one nation is automatically affected by others. Undoubtedly, globalization has a great impact on industries. at ports across the world, which is a great threat to maritime security of all the nations. Ports and Economic Location Factors; 2. The Impact of Technology on Maritime Management Decision makers in the shipping industry need better, faster, more accurate data upon which to base their decisions. Based on a survey of maritime industry leaders and bolstered by expert commentary, the report looks at key risks in the sector in terms of likelihood, impact, and preparedness. With the help of this technology, we can expect the shipping and maritime industry to have a completely different mode of operations in the times . The impact of virtual reality is increasing exponentially in maritime, mainly in the field of engineering, training, and inspection because it can offer major improvement. The report warns that new waves of the pandemic that further disrupt supply chains and economies might cause a steeper decline. The impact of advances in technology on the conduct of warfare can be characterised into a number of dominant trends, namely, quest for extension of range of weapons, volume and accuracy of fire, system integration, concentration of maximum fire power in smaller units and increasing transparency in the battlefield. Piri Reis University has been established to support the maritime industry, to cover all aspects of the MET, and offers a range of maritime study programmes - graduate to postgraduate . However, the advances in ICT systems enable more data to be collected, analysed and integrated into the decision making process at all levels. The use of robots in every sector has become quite common in the past few years. introspection of the industry and finds that the industry is vulnerable to the maritime crime of which piracy and armed robbery against ships and maritime terrorism poses maximum threats that can maim maritime security. Potential Benefits Autonomous shipping holds the potential for providing numerous benefits to the maritime industry. Technological development including digitalization, artificial intelligence, autonomous shipping, big data and its manifestation and effects in the maritime industry e.g. 1. What technologies will have the biggest impact on the maritime industry through 2020 and beyond? Unfortunately, its impact on the maritime community seems to already be greater than that of SARS. Maritime transport is responsible for approximately 90% of global trade and is considered the least environmentally damaging mode of transportation. 3. Effects of information technology in our daily activities 1. Marine Technology Highlights Protect Your Marine Technology IP International markets support a broad range of exports in the marine technology sector. With an increase in digital technology comes an increase in cyber security risks. This report focuses on four disruptive technologies: 3D printing, blockchain, e-Commerce and battery technology. Int J Hum Resour Man. For the maritime sector, this will mean an even greater emphasis on supply chain visibility and collaboration. maritime shipping may proceed to contribute to globalized markets in a manner that limits adverse environmental impacts. Cost-effective software and hardware solutions for Virtual Reality have already helped maritime industry to adapt its options and bring them to beneficial use. Why technology is a game changer for the shipping industry. new technology offers Today, as throughout history, perceptions of risk and opportunity in the maritime world are creating demands for innovative solutions and new technologies. A trend to look for is the Smart Port. Maritime industry. The information analysis and synthesis are based on the CIMO logic, referring to the context (C), intervention (I), mechanism (M) and outcome (O) of the implementation of future advanced ICTs in maritime transport.,The review identifies the contextual factors and components of the mechanism that lead to the disruptive impact of different types . Abstract— The effects of marine pollution are enormous, ranging from impairment of surface water quality, disruption of aquatic growth, and reduction of amenities, affecting the health of man, etc. The Economic Benefits of Ports: Direct, Indirect and Induced Effects. Introduction Maritime transport is the backbone of international trade and a key engine driving globalization and competitiveness. The paperwork has always dominated by paperwork. 2. The impact of technology on the shipping industry will grow in 2020, as companies increasingly introduce cloud-based software and apps in their businesses. It is set apart by developing Effects on education. Global economic growth fuelling global trade is the main factor affecting the shipping industry. 6.1 Impact of COVID-19 on the Global Shipping Industry and Advancements in Autonomous Shipping 7. in autonomous vessels, in sustainable energy generation, in education and training etc. University of Technology, Ogbomoso P.M.B. • Estimation of the direct and indirect economic impact on the shipping industry and the effects of potential port call dislocation for the implementation of the proposed management options (e.g. However, the maritime industry is continuously making significant advancements in reducing our environmental impact on the planet. This research assesses the implementation of Cabotage Act in Nigeria. Big data and artificial intelligence in the maritime industry: a bibliometric review and future research directions Ziaul Haque Munim a, Mariia Dushenko , Veronica Jaramillo Jimeneza, Mohammad Hassan Shakilb and Marius Imseta aFaculty of Technology, Natural and Maritime Sciences, University South-Eastern Norway, Horten, Norway; ECMAR's technology outlook for 2030 is for a more eco-friendly, smarter and a safer maritime industry. Reference Source Independent: Electronic leash: How the office email is taking over our lives. IUCN Maritime traffic effects on biodiversity in the Mediterranean Sea_ Volume 1- Review of impacts, The information analysis and synthesis are based on the CIMO logic, referring to the context (C), intervention (I), mechanism (M) and outcome (O) of the implementation of future advanced ICTs in maritime transport.,The review identifies the contextual factors and components of the mechanism that lead to the disruptive impact of different types . These are true, ever-evolving technologies of the future and they are being used to train cadets and crew members to allow them to practice their maritime skills from the safety of the land. Some of the most talked about green ship technology is the No Ballast System that aims to minimise ship ballast's negative environmental impact on aqua organisms. It seems that everyone in the industry is working on cutting edge technologies these days. To survive and stay competitive in the current economic climate shipping companies must find innovative ways of working by embracing modern technology. This, obviously, removes risk and is a lot more financially viable than training at sea. This steady growth will coincide with a decade of significant steps towards decarbonization and investment in digitalization. It aims to generate new insights by quantifying the impact of these technologies on. For the maritime industry, the pandemic has exacerbated some risks and had relatively little effect on others, which are two points brought into focus by the Global Maritime Issues Monitor 2020. Some estimates have placed human error as the cause of marine accidents at 75 to 96 percent of cases. On September 24, 2018, news broke of an attack on the motor vessel Glarus 45 nautical miles southwest of Bonny Island en route to Port Harcourt in Nigeria. Greener Future of Maritime & Shipping Industry: Green Ship. Trend analyses of technology and its impact on the maritime industry and society Many of these areas will embrace the application of new . In the maritime industry, blockchain can be used, among other things, to track the movement of goods and ensure visibility of the supply chain at all stages; to register information about ships, including global risks and their impact on transportation; for interactive contracts and marine insurance policies; to move to digital technology and . Malaysia's oceans serves as host shipping routes, providing a medium for potential . But there are two sides to the automation advances. The contagious nature of the virus forced government leaders to act swiftly and decisively in implementing strict measures to curb the spread of infection among populations. To curb this, ports have undertaken a technology-driven approach, automating as many processes as possible to reduce human intervention. Robotic Automation. Information technology has made the education process more effective and productive. In recent times, there has been a persistent increase in the illegal movement of individuals, weapons, drugs, etc. Across the globe, technology is driving the most significant changes to business processes and ways of working. Probably the most feared crime at sea, piracy can be the result of illegal or unregulated fishing displacing fisherman who turn to maritime robbery and extortion. To realize the full potential of technology, government and transport leaders need to create the right conditions, provide adequate incentives, and support . The COVID-19 epidemic, which was first called the novel Coronavirus and then the 2019-nCoV, is spreading fast around the world. According to Koncept Analytics, the maritime industry is the leading transport sector in terms of size. "Smart ports are the only ports that will survive," said Dr. Olaf Merk, Administrator Ports, and . With an increase in digital technology comes an increase in cyber security risks. This naturally has its challenges but is needed if the digital, technical and autonomous elements of the industry are to be integrated successfully argues Inge Sandvik, Chief Digital Officer at Wilhelmsen. In the 21st century when the world is witnessing digitalization at a rapid rate and use of technology even in the remotest corners of the globe, when the use of Artificial Intelligence is increasing exponentially in almost every sector, we can't undermine the need of digitalization, use of latest technology and automation onboard ships to ensure the relevance of maritime sector in coming few . UNCTAD analyses impact of US-China trade war on shipping. Despite the current difficult times, a vast majority of ports have succeeded to stay open to cargo operations. Other environmental effects are waste, water pollution, noise and the risk of spreading foreign organisms to vulnerable ecosystems. As mentioned above, it will have a profound effect on the supply chain, and therefore ports as well. The effects of the pandemic and the subsequent recovery will be wide-reaching. Making decarbonization count. The maritime industry is playing an essential role in the short-term emergency response to the COVID-19, by facilitating transport of vital commodities and products. Global business has grown tremendously since WWII. It is imperative that managers have access to data about markets, customers, and processes which are hard for competitors to duplicate and can lead to a competitive advantage. Additionally, blockchain technology promises to support synergy among stakeholders in the shipping industry (Calvaresi et al.
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effects of technology on the maritime industry