Digital Marine news

Driving Innovation in Maritime Logistics

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The coastline of the Baltic is lined with some of the most efficient and profitable ports in the world. They play a crucial role in advancing national trade interests by facilitating a crucial link between sea and land transport. However, many of these ports find it challenging to keep pace with the rapid globalization and modernization. They face several inefficiencies, including unpredictable cargo flow, weight measurement errors, inadequate employee KPI control, cargo loss, and so on. Identifying the problems faced by these port terminals on the Baltic coastline, Ivan Ladan, a motivated entrepreneur, decided to build Marine Digital Systems—a Latvia-based technology startup dedicated to assisting seaports, cargo terminals, and logistics companies.Fuelled by its vision of fostering robust connectivity in the maritime industry, Marine Digital has come a long way since its inception last year. It has developed robust technology to automate key processes of cargo terminals in ports such as accounting, planning, warehouse management, queue management, and trade finance handling. The company’s skilled IT developers and experienced industry professionals are driven to build turnkey solutions in a short period and at a reasonable cost. As a result, it is enabling clients in the maritime sector to streamline cargo turnover and improve overall workflow.Speaking of the challenges in the current maritime landscape, Ivan Ladan, the co-founder and CEO of Marine Digital, says, “Although a myriad of advanced technologies has been integrated within the industry, the solutions still lack a degree of cohesiveness in data transfer between the various stakeholders of the supply chain.” Marine Digital helps its clients streamline this by enabling them to get data from their collaborators faster while also ensuring minimum errors. The warehouse management system by Marine Digital is designed to minimize temporary and financial losses during warehouse operations. It also allows the clients to maintain a unified reporting that can be customized to meet individual customer requirements. At the same time, Marine Digital’s system can be integrated with accounting systems and databases, as well as third-party software.

Marine Digital begins the automation of its processes with simple but effective solutions for terminals and warehouses, ranging from cloud-based electronic queuing of trucks for 49 Euros per month to customized yard management systems (YMS) and terminal operating systems (TOS). The company also offers integration through an API to automate the processes of additional participants in the supply chain. The API solution is capable of exchanging data with various platforms, including accounting and CRM systems, as well as services for tracking cargo and filling out customs declarations. Thus, Marine Digital optimizes the work with its simple, inexpensive, and efficient solutions. By automating the complex logistics processes, the company enables its clients to gradually increase their functionality and seamlessly solve individual local customer problems.

What makes Marine Digital so effective in the maritime and logistics landscape is its team, technology, and business approach. Every member of Marine Digital is an experienced professional in IT, logistics, and finance. Rather than building typical hardcoded operations templates with ML algorithms, Marine Digital develops robust solutions augmented with cryptography, business process model and notation (BPMN), and other industry-standard integrations to provide a basic digital layer to its clients. The company seeks to consolidate various aspects of the industry, including insurance and general logistics into its solutions.

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Among Marine Digital’s notable contributions is the one where the company helped its partner organization in augmenting their operations. The client specialized in bulk and general cargo. However, it leveraged manual processes and communication systems for global operations, which caused several inefficiencies. Furthermore, the data silos made it difficult for the company to enhance their accounting and documentation process. Marine Digital assessed their overall process and developed a robust warehouse management solution. As a result, the organization not only streamlined its operations but also eliminated much of its manual processes and paperwork.Illuminated and inspired by its success in the maritime industry, Marine Digital is currently investing in its future, with a focus on robust SaaS products, along with cloud and bot technology. As the company has already established a strong presence in the Baltic region, the next step for Marine Digital is to expand across the rest of the European market. This will not be difficult for Marine Digital, as it is already getting requests from the Middle East and the African Market. With the intention of delivering a sustainable supply chain for the entire world, Marine Digital’s future course of action is focused on ushering in a significant transformation across the maritime industry.

Source: https://startups-europe.logisticstechoutlook.com/vendor/marine-digital-systems-driving-innovation-in-maritime-logistics-cid-439-mid-55.html