Digitizing Maritime Compliance Reducing Risk Through Better Insight Connect transport and trade stakeholders using international standards. The group will work over the coming year to identify existing and emerging technologies, standards and methodologies that can support maritime digitalization, while ensuring alignment across imo’s various committees.
Digitizing Global Maritime Trade Project Launched Un Trade And As of 1 january 2024, under imo’s convention on facilitation of international maritime traffic (fal), governments are required to use a single digital platform, known as the maritime single window, to share and exchange information with ships during their port calls. The group will work over the coming year to identify existing and emerging technologies, standards and methodologies that can support maritime digitalization, while ensuring alignment across the imo’s various committees. To achieve this, the international community needs to harmonize and standardize the digitalization of all segments in multimodal transport and supply chains. there is an inherent problem in the current efforts to digitalize segments of the supply chain and trade and transport corridors. Over the next year, the group will work to identify existing and emerging technologies, standards, and methodologies that can support maritime digitalization while ensuring alignment across different imo committees.
Standards Harmonization Digitizing Global Maritime Trade To achieve this, the international community needs to harmonize and standardize the digitalization of all segments in multimodal transport and supply chains. there is an inherent problem in the current efforts to digitalize segments of the supply chain and trade and transport corridors. Over the next year, the group will work to identify existing and emerging technologies, standards, and methodologies that can support maritime digitalization while ensuring alignment across different imo committees. We create a novel database on cross country standards and show that harmonized standards have contributed up to 13% of the growth in global trade. we build a heterogeneous firm model where harmonized standards generate scale effects and induce firms to adopt the standard. The imo plans to adopt a maritime digitalization strategy by the end of 2027. a correspondence group will identify technologies and standards to support this strategy. Devising a new ecosystem of standards and technology enablers where data from the global supply chain can be seamlessly exchanged end to end to enhance commercial, shipping, insurance, trade finance and border processes.
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