30% ports ‘unprepared’ for IMO maritime mandate: study
Kale Logistics Solutions in a readiness survey of 200 ports revealed that 30 per cent are not prepared to adopt International Maritime Organisation (IMO)’s Maritime Single Window mandate, which will become compulsory worldwide from 1 January 2024. It revealed nearly a third of ports worldwide are “unprepared” to adopt IMO’s maritime single window mandate and are not ready to meet impending electronic data exchange regulations despite potential savings of US$50 billion. The study highlighted the urgency of the industry to speed up its digital transformation as it unveiled the survey results, which also cited high implementation costs, long timelines, and varying levels of digital readiness as factors for hindering regulatory compliance. The study involved ports located throughout APAC, Middle East, Europe, Africa, North America, and South America, and emphasized that Port Community Systems embedded with an MSW are integral to achieving a port’s true potential.