{"id":5510,"date":"2022-08-26T09:58:44","date_gmt":"2022-08-26T06:58:44","guid":{"rendered":"https:\/\/bg.ttlog.eu\/?p=5510"},"modified":"2022-09-07T16:51:29","modified_gmt":"2022-09-07T13:51:29","slug":"technology-zim-invests-in-tracking-system-loadstar","status":"publish","type":"post","link":"https:\/\/bg.ttlog.eu\/bg\/news\/technology-zim-invests-in-tracking-system-loadstar\/","title":{"rendered":"Technology – Zim invests in tracking system for its container fleet"},"content":{"rendered":"

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Ahead of its interim results on Wednesday, Zim today announced a $5.5m investment in a dry container tracking system it claims has \u201cthe potential to revolutionise\u201d the industry.<\/p>\n

The backing by the Israeli ocean carrier in the financing first round of compatriot Hoopo Systems takes its funding in supply chain management systems since June to a significant $16.5m, as it looks at positioning itself as a leading carrier of choice after freight rates are more normalised.<\/p>\n

Zim\u2019s support is intended to assist Hoopo to develop more technology for the maritime industry, \u201cspecifically for dry containers, including the use of solar energy to power tracking devices\u201d.<\/p>\n

The need to replace dead batteries on tracking devices attached to containers, which could be out of the maintenance and repair depot loop for months at a time, has been a concern for carriers that have considered tracking systems on their standard box fleets.<\/p>\n

Hoopo says its tracking and monitoring solution is specifically designed for use on \u201cunpowered assets\u201d, using \u201cpower-efficient tracking technology suitable for any fleet size\u201d.<\/p>\n

CEO Ittay Hayut said:\u00a0\u201cThis huge vote of confidence from new and existing investors, Hoopo\u2019s technology and Zim\u2019s experience and knowledge will allow us to transform dry containers into smart and digital fleets.\u201d<\/p>\n

Zim CEO Eli Glickman said the ability to improve supply chains had proved to be a critical competency. He added:\u00a0\u201cThere are approximately 26 million dry containers worldwide and Hoopo\u2019s cutting-edge tracking technology has the potential to revolutionise the way industry players track their movement, enabling further optimisation of container fleets.\u201d<\/p>\n

Hitherto, the barrier to the development of sustainable track and trace systems for the global dry container fleet was the cost, given the sometimes sub-economic FAK rates charged in the industry.<\/p>\n

Demand from pharmaceutical, time-sensitive and high-value cargo was always there, but carriers were reluctant to roll out tracking systems across their entire fleets.<\/p>\n

Hapag-Lloyd was the first to officially announce it was installing real-time tracking across its dry box fleet, at a cost of some $250m for its 1.6m boxes, and said this month the live product would become available to its customers early next year.<\/p>\n

Nexxiot, which is providing tracking devices for Hapag-Lloyd, told The Loadstar<\/em>\u00a0 it expected the German carrier\u2019s move to \u201cstart a race between shipping lines\u201d for the \u201cmass adoption\u201d of tracking hardware.<\/p>\n

However, some industry observers are more skeptical. One carrier executive told The Loadstar<\/em> recently:\u00a0\u201cFirstly, the carriers are gambling that rates will stay high to fund the systems, and secondly, many of the lines have a high percentage of their container fleets on lease, so the industry will need the big leasing companies to get on board, otherwise I can\u2019t see it working.\u201d<\/p>\n

Source : Loadstar<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":5548,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[90,47],"class_list":["post-5510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ttl-bulgaria-global-shipping-update","tag-container-technology","tag-global-container-market"],"_links":{"self":[{"href":"https:\/\/bg.ttlog.eu\/bg\/wp-json\/wp\/v2\/posts\/5510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bg.ttlog.eu\/bg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bg.ttlog.eu\/bg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bg.ttlog.eu\/bg\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bg.ttlog.eu\/bg\/wp-json\/wp\/v2\/comments?post=5510"}],"version-history":[{"count":3,"href":"https:\/\/bg.ttlog.eu\/bg\/wp-json\/wp\/v2\/posts\/5510\/revisions"}],"predecessor-version":[{"id":5514,"href":"https:\/\/bg.ttlog.eu\/bg\/wp-json\/wp\/v2\/posts\/5510\/revisions\/5514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bg.ttlog.eu\/bg\/wp-json\/wp\/v2\/media\/5548"}],"wp:attachment":[{"href":"https:\/\/bg.ttlog.eu\/bg\/wp-json\/wp\/v2\/media?parent=5510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bg.ttlog.eu\/bg\/wp-json\/wp\/v2\/categories?post=5510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bg.ttlog.eu\/bg\/wp-json\/wp\/v2\/tags?post=5510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}