To track solutions from Hoopo
The Haifa-based carrier Zim has invested USD 5.5 million in a container-tracking firm. Hoopo Systems is a provider of tracking solutions for unpowered assets like dry shipping containers.
The investment is intended to help Hoopo develop technology for the maritime industry, including the use of solar-powered tracking devices for containers. The need for more visibility into freight movements has grown significantly since the beginning of the Covid-19 pandemic and the subsequent disruptions of supply chains.
The London-based maritime consultancy Drewry forecasts that the fleet of "telematics enabled container equipment" is set to grow eight-fold till 2026 and account for 25% of the global box fleet or about 8.7 million units in five years. At the end of 2021, about 3.6% of the global container fleet was equipped with such devices. (sh)