Abstract
The maritime industry has been slow in adapting to the web and e-commerce to effectively integrate and improve multi-modal logistics operations. With cost and operational efficiency being key drivers, shipping and port operations have turned to the web and the Internet for assistance. With the global ocean freight market sized at USD 150 billion, the potential savings introduced by the effective use of web-based systems is in the range of 33- 50%. To achieve these savings, the shipping and port industry will have to rapidly adopt the latest developments in information, computing and communications technology, and assure effective closer integration of their customers into the decision chain in logistics management.

This white paper describes in brief the trends, issues and the potential of web-based technology for reducing cost and increasing process efficiencies within the maritime industry and oil tanker industry at large.

Author Ramasubramanian D

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