{"id":11604,"date":"2022-03-21T17:24:09","date_gmt":"2022-03-21T09:24:09","guid":{"rendered":"https:\/\/osgcontainers.com\/en-sg\/?p=11604"},"modified":"2022-03-21T17:25:16","modified_gmt":"2022-03-21T09:25:16","slug":"the-future-of-the-cargo-container-and-shipping-industry","status":"publish","type":"post","link":"https:\/\/www.osgcontainers.com\/en-sg\/blog\/the-future-of-the-cargo-container-and-shipping-industry\/","title":{"rendered":"The Future of the Cargo Container and Shipping Industry"},"content":{"rendered":"<h2 class=\"p1\" style=\"text-align: center;\"><strong>The Future of the <a href=\"https:\/\/osgcontainers.com\/en-sg\/shipping-container\/\">Cargo Container<\/a> and Shipping Industry<\/strong><\/h2>\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_2016144538\">\r\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\r\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"765\" src=\"https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/05\/OSG_Containers-1067x800.jpg\" class=\"attachment-large size-large\" alt=\"shipping container, shop container, caf\u00e9 container, restaurant container, kiosk container, coffee shop, custom shipping container, shipping container store, shipping container conversions, event container, container concepts, pop-up container, cargo container\" srcset=\"https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/05\/OSG_Containers-1067x800.jpg 1067w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/05\/OSG_Containers-scaled-510x383.jpg 510w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/05\/OSG_Containers-533x400.jpg 533w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/05\/OSG_Containers-768x576.jpg 768w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/05\/OSG_Containers-1536x1152.jpg 1536w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/05\/OSG_Containers-2048x1536.jpg 2048w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\n<style scope=\"scope\">\n\n#image_2016144538 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\r\n\t\n<p class=\"p4\"><span class=\"s1\">The ongoing cargo container crisis shows little signs of easing but perhaps it is a signal to the industry that innovation is sorely needed. The supply shortages all around the world may be a blessing in disguise, as it is forcing companies to re-evaluate old ways of management. In these difficult times, it is now time for reinvention.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p class=\"p4\"><span class=\"s1\">Here are three ways the cargo container industry is embracing innovation for the better.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<h3 class=\"p5\"><span class=\"s1\"><b>Blockchain Shipping<\/b><\/span><\/h3>\n<p class=\"p4\"><span class=\"s1\">According to <a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/blockchain-technology-market?utm_source=prnewswire&amp;utm_medium=referral&amp;utm_campaign=ict_9-february-22&amp;utm_term=blockchain_technology_market&amp;utm_content=rd\"><span class=\"s3\">Grand View Research<\/span><\/a>, the blockchain technology market is expected to enjoy a significant compound annual growth rate of 86% from 2022 to 2030. Undoubtedly, the blockchain industry is making waves across various sectors, and the cargo container and shipping industry is no exception.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1655342480\">\r\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\r\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"572\" src=\"https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog2.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog2.png 1112w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog2-510x286.png 510w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog2-713x400.png 713w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog2-768x431.png 768w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\n<style scope=\"scope\">\n\n#image_1655342480 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\r\n\t\n<p class=\"p1\"><span class=\"s1\">A.P. Moller-Maersk (AMKBF) recently co-developed its own <a href=\"https:\/\/www.tradelens.com\/\"><span class=\"s2\">TradeLens<\/span><\/a> blockchain with IBM to better optimise cargo logistics. The cutting-edge technology ensures better control over the containers and there are now 250 ports and 20 ocean carriers using this technology. In 2021 alone, it handled <a href=\"https:\/\/www.nasdaq.com\/articles\/blockchain-technology-for-supply-chains%253A-who-is-using-it-and-how\"><span class=\"s2\">1 billion shipments and around 30 million containers<\/span><\/a>.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<h3 class=\"p3\"><span class=\"s1\"><b>Artificial Intelligence and Smart Technology<\/b><\/span><\/h3>\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_181345821\">\r\n\t\t\t\t\t\t\t\t<div class=\"img-inner image-cover dark\" style=\"padding-top:75%;\">\r\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"679\" src=\"https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog3.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog3.png 1114w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog3-510x340.png 510w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog3-601x400.png 601w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog3-768x512.png 768w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\n<style scope=\"scope\">\n\n#image_181345821 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\r\n\t\n<p class=\"p3\"><span class=\"s3\">Increasing automation through the employment of artificial intelligence can play a major role in easing the shipping crisis. The use of sensors and cameras installed on board a ship can <a href=\"https:\/\/www.ship-technology.com\/analysis\/artificial-intelligence-to-the-rescue-assisting-the-shipping-container-crisis\/\"><span class=\"s2\">generate data and open up communication between fleets and ports<\/span><\/a>. The sensors provide live updates to the ports, allowing them to advise ships to slow their approach and delay their arrival, thereby reducing the incidences of idling ships waiting to enter ports. Over time, the collected data can also be used to predict and prevent future incidents.<\/span><\/p>\n<p class=\"p4\"><span class=\"s3\">Trials have already been rolled out for automated cranes and vessels, such as the <a href=\"https:\/\/www.ship-technology.com\/news\/cosco-shipping-5g-automated-vehicle-trial-china\/\"><span class=\"s2\">pilot of the automated driverless container trucks by Cosco Shipping Ports Limited<\/span><\/a>. Recently, PSA Singapore and the Agency for Science, Technology and Research (A*STAR) signed a research collaboration agreement to jointly develop a \u2018large-scale fleet management solution\u2019 for <a href=\"https:\/\/www.channelnewsasia.com\/singapore\/psa-singapore-astar-develop-large-scale-fleet-management-solution-agvs-tuas-port-2531431\"><span class=\"s2\">automated guided vehicles (AGVs) at Tuas mega port<\/span><\/a>. This port will be the largest fully automated container terminal in a single location with an annual handling capacity of 65 million twenty-foot equivalent units (TEUs).<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1016543732\">\r\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\r\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"765\" src=\"https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/03\/Used_Shipping_Container_OSG_Containers-1067x800.jpg\" class=\"attachment-large size-large\" alt=\"shipping container, shipping container crisis, cargo container\" srcset=\"https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/03\/Used_Shipping_Container_OSG_Containers-1067x800.jpg 1067w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/03\/Used_Shipping_Container_OSG_Containers-scaled-510x383.jpg 510w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/03\/Used_Shipping_Container_OSG_Containers-533x400.jpg 533w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/03\/Used_Shipping_Container_OSG_Containers-768x576.jpg 768w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/03\/Used_Shipping_Container_OSG_Containers-1536x1152.jpg 1536w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2021\/03\/Used_Shipping_Container_OSG_Containers-2048x1536.jpg 2048w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\n<style scope=\"scope\">\n\n#image_1016543732 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\r\n\t\n<p class=\"p2\"><span class=\"s3\">Smart containers &#8211; containers equipped with sensors to collect real-time data &#8211; is another way technology is making a difference. Collecting data through smart containers provides us with highly accurate information that optimises fleet management, reducing excessive wastage of fuel through less repositioning. Often, energy is wasted through the shipping and repositioning of empty containers, where<a href=\"https:\/\/www.bcg.com\/publications\/2015\/transportation-travel-logistics-think-outside-your-boxes-solving-global-container-repositioning-puzzle\"><span class=\"s2\"> estimates suggest up to $20 billion a year is wasted on this unnecessary fuel consumption<\/span><\/a>.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p class=\"p2\"><span class=\"s3\">While smart containers are not the norm yet, many are recognising its value and are preparing to enter this arena. In April 2020, <a href=\"https:\/\/tech.eu\/2020\/04\/28\/skycell-funding\/#:~:text=SkyCell%252C%2520the%2520Z%25C3%25BCrich%252Dbased%2520manufacturer,an%2520unnamed%2520Swiss%2520insurance%2520company.\"><span class=\"s2\">Swiss startup SkyCell raised $62 million<\/span><\/a> to build temperature-controlled smart containers specifically for pharmaceutical goods.<\/span><\/p>\n<h3 class=\"p1\"><span class=\"s1\"><b>Foldable Shipping Containers<span class=\"Apple-converted-space\">\u00a0<\/span><\/b><\/span><\/h3>\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1811591145\">\r\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\r\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"670\" src=\"https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog6.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog6.png 1154w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog6-510x335.png 510w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog6-609x400.png 609w, https:\/\/www.osgcontainers.com\/en-sg\/wp-content\/uploads\/sites\/2\/2022\/03\/the-future-of-the-cargo-container-and-shipping-industry-blog6-768x504.png 768w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\n<style scope=\"scope\">\n\n#image_1811591145 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\r\n\t\n<p class=\"p2\"><span class=\"s1\">According to Drewry estimates, almost <a href=\"https:\/\/www.straitstimes.com\/business\/companies-markets\/shipping-containers-get-foldable-design-as-logjam-cure\"><span class=\"s2\">27 per cent of the 862 million crates measured in 20-foot equivalent units that pass through the world\u2019s ports in 2021 are empty<\/span><\/a>. This incurs costs of close to $20 billion, according to Boston Consulting Group, with many empty containers taking up unnecessary space in already crowded holding areas, adding to delays along supply chains.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">To combat this problem, many are introducing the concept of foldable shipping containers. In 2013, <a href=\"https:\/\/4foldcontainers.com\/\"><span class=\"s2\">4Fold\u2019s 40-foot metal boxes<\/span><\/a> became the first foldable units to be certified as having met the standards required by shipping lines, terminals and rail companies. To date, more than 15 carriers and shippers are testing these containers which can be folded into a quarter of their volume, greatly reducing shipping container sizes.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">With the increased flexibility in controlling shipping container sizes, the possibilities for its application are endless. No longer will one have to use small shipping containers to conserve space; instead, foldable shipping containers will be the trail-blazer in more versatile and flexible management of shipping fleets.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<h3 class=\"p2\"><span class=\"s1\"><b>Embracing the Future<span class=\"Apple-converted-space\">\u00a0<\/span><\/b><\/span><\/h3>\n<p class=\"p2\"><span class=\"s1\">Change is necessary to thrive; to remain stagnant is to become entrenched in outdated modes of thinking and problems. The shipping container industry is gradually embracing change to overcome its current crises, and the possibilities for innovation and enhancements are endless.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Future of the Cargo Container and Shipping Industry The ongoing cargo container crisis shows little signs of easing but perhaps it is a signal to the industry that innovation is sorely needed. The supply shortages all around the world may be a blessing in disguise, as it is forcing companies to re-evaluate old ways [&hellip;]\n","protected":false},"author":10,"featured_media":11610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-writeups"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Future of the Cargo Container and Shipping Industry<\/title>\n<meta name=\"description\" content=\"Learn more about the three ways the cargo container industry is embracing innovation for the better of the shipping container 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