According to the International Maritime Organization, over 90% of the world’s trade is still carried by sea and this has contributed to a cautious approach on global port capacity expansion, even though the outlook for container demand is now at an optimistic 4% per annum for the next five years.

Kicking off the event, was Mr Jason Hyeon, Executive Vice-President, CyberLogitec. Appreciating every customer in attendance, he shared that this event inks the promises we adopt over our technologies and our brand values over the past 20 years. CyberLogitec have been positioning ourselves as positive contributors to the market by developing innovations and technologies to help businesses stay ahead in the market. With all these in mind, businesses need to remain nimble by taking time to review and realign business processes to stay afloat.

At the event, guests were able to gain a deeper understanding of the market trends and the importance of embracing innovation that is designed to provide greater operational efficiency.

Dr Tae-II Kim, from the Korean Maritime Institute, shared with the audience KMI’s insights on the 4thIndustrial Revolution and its impact on the maritime industry. Citing examples from CMA-CGM and Maersk, who have been positioning themselves to embrace blockchain technologies, many other companies preferred to observe by the sidelines.  One of the digital trends he identified for the maritime industry, was the move of automation and technology. As businesses place priority in the investment of technologies, they can then begin to appreciate how big data and smart algorithms do well to provide key information to facilitate decision making.  Also importantly highlighted was the increasing trend for M&As, collaboration and the need for e-platforms.

Head of Business Consulting, CyberLogitec, Mr Wai Mung Low, shared that seaborne trade is still on a slow, upward trajectory. With the acceleration in globalization and the increase in the volume of trade brought on by mega-sized vessels, businesses must therefore harness technologies and solutions that can power the daily operations and cooperate efficiently through a collaborative ecosystem platform in order to optimize their informational exchanges between partnering carriers.

With the influx of mega-sized vessels on long-haul trade lanes, the cascading effect to smaller ports brings forth the need for regional and domestic terminals to recognize the need to put in place well-automated, cost-effective and versatile terminal solutions that can tailors to multi-terminals management & mixed-cargo handling of containerized & non-containerized general breakbulk readily. The necessity for an advanced multi-purpose TOS is thus inevitable.

A classic illustration of automation and digitalization, is where large IT infrastructures of ONE engages with high performance platforms to manage massive data exchanges conducted onboard ships and in office. As shared by Mr Kosuke Wade, Senior Vice-President of Ocean Network Express (ONE), it was determined early on that ONE would adopt one of CyberLogitec’s flagship products, OPUS Container, covering key containership operations. Selected also for its scalability and ability to integrate with other key platforms for greater optimization, he shared that it was a necessity for ONE to change and ride with the current business trend in order for them to survive in the constantly evolving business landscape.

As the industry arrives at the inflection point, the value of information is far greater than before. Inbuilt intelligent algorithms help personnel plan, schedule and forecast operational requirements of vessels, yard and container equipment in a smart and optimized way. This is where delivering service excellence becomes a key differentiator for the maritime business.

Advancing innovation has always been one of CyberLogitec’s core values, leveraging on our extensive industry experience and strategic market presence to meet the dynamic needs of the market. The only way to progress is to move forward and the inaugural event inks the commitment we have in delivering strong products and quality service to our customers.