Digitalization in Maritime Industry: Prospects and Pitfalls

Digital Transformation as a Stimulator for Maritime Competitiveness: A Suez Canal Case Study

“…The DT is described as the deep and accelerating transformation in business in particular and society in general to achieve the full use of changes in digital technologies in addition to the associated changes in the communication of organizations, individuals and objects to improve performance by improving existing business processes, exploring new sources of revenue and ensuring sustainable value creation (Babica et al, 2020;Gartner, 2016;Gimpel et al, 2017;Wade, 2015). Bloomberg (2014) defined a DT as any form of new investment or realignment of technology and business models to further stimulate digital customers more efficiently at every point of contact in the customer experience lifecycle.…”

“…The main technological transformation is divided into (Accenture, 2017;Adams et al, 2017;Babica et al, 2020;Kent et al, 2015):…”

“…The quality of maritime transport is essential for trade facilitation as over 90 percent of the volume of world merchandise trade is carried by a maritime transport. Hence, improving the quality of a maritime transport can help reducing transportation costs and the complexity of maritime operations (Babica et al, 2020). Additionally, it can support the safety and security of operations.…”

“…About 50% of the shipping costs in the global container shipping industry can be traced back to the time spent on the paperwork (Babica et al, 2020). Hence, with its high degree of maritime connectivity and its large number of interfaces, improving the quality of maritime services and competitiveness requires a broad range of applications for digital technologies.…”

Cybersecurity in the European Union port sector in light of the digital transformation and the COVID-19 pandemic

“…An effective digital transformation strategy involves not only the implementation of the technology itself, but also a specific management approach based on the port needs and particularities, the involvement of the stakeholders, and support through public policies. The benefits brought by automation and digitalization in this sector are manifold and include, inter alia, decline of accidents in ports and at sea, the reduction of pollution and polluting gas emissions, the optimization of port operations, and the improvement of the flow of incoming and outgoing ships (Babica et al 2020).…”