Internet of Things – Why IoT also matters at sea

Following the COVID-19 pandemic, propelled by soaring demand, the (container) shipping industry has seen income and profitability skyrocket to unprecedented record-breaking levels. Being a cyclical industry, a downturn was however inevitable. Freight levels have dropped drastically over the previous months, with shipping lines meanwhile warning of fallen profitability for 2023 and beyond. In other words,…