Ports and shipping are vital for a well-functioning global economy. According to the World Bank, in 2019, trade represented more than 60 percent of the global gross domestic product (GDP). Data from The International Chamber of Shipping reveals that shipping plays by far the largest part in this, facilitating roughly 90 percent of the world’s trading. The ports of the world literally keep its goods flowing.
The comprehensive report, Connected Ports: A guide to making ports smarter with private cellular technology, outlines how challenges of equipment downtime, congested port yards for loading and unloading, worker safety, and environmental impact could be resolved with private cellular networks.
5G-ready private cellular networks provide fast, reliable, and secure connectivity required by a smart port’s network infrastructure to handle the large amounts of data generated by cranes, vehicles, equipment, and workers.
In the maritime report findings, Ericsson collaborated with sensor technology provider, ifm electronic, as well as researchers from management consultancy Arthur D. Little, to examine and quantify five use cases with the most beneficial applications for smart port technologies:
The report projects that if all of the five use cases are deployed together, complete payback can be achieved in less than two years. By year five, the report projects that the ROI would be 178 percent for our standard baseline port.
One port that is already deploying these types of smart technologies is Italy’s Port of Livorno – for example, by leveraging 5G technologies to enhance the exchange of real-time information among actors in the port’s terminal process. These applications have the potential to reduce CO2 emissions by 8.2 percent for one terminal operation.
Learn more by reading the full report, Connected Ports: A guide to making ports smarter with private cellular technology, and try the Smart Ports Value Calculator to figure out the ROI for ports deploying different use cases.