Moving cargo around the world is a carbon-intensive business, and new guidance launched at Davos will go a long way to getting freight back on track.

As technology advances and industry dynamics evolve, more and more maritime businesses are focusing their time, energy and resources on digitalization. Technological advances are expected to make shipping – and the whole supply chain – much more efficient for the more than 11 billion tonnes of goods that are traded annually by sea across the globe. This move will have numerous benefits for trading, safety, security and the environment, with ISO standards playing a key role in this process.

Over the past few years, the tides of the maritime industry have been changing. There’s a push for safer, smarter, more environment-friendly and energy-efficient sea transport. What no one expected is that these actions are not only bringing economic benefits, they are also leading to the servitization of the shipbuilding industry.