South Korea’s Ministry of Oceans and Fisheries (MOF) will offer to install Internet of Things technology on containers to enhance export competitiveness, reports the Loadstar.
IoT for smart containers
The roll-out was announced after the ministry completed a two-year container IoT equipment pilot project, involving distributing 4,160 retrofitted containers to local shipping companies.
IoT technologies track the location and status of containers and, in the case of reefers, temperatures. Subsidies of around $121 for each installation, or 30% of the cost, were provided.
The MoF said when containers were digitised, shipping companies would be able to ascertain the location and status of cargo, creating added value for customers.
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Source: The Loadstar