The ICSO, which provides a container status and tracking service that helps exporters to ensure traceability of their goods, is like the Swift bank transactions service that enables cheap, fast and reliable banking.
New global maritime security codes help businesses like exporters to better ensure the safety of their cargo, prevent tampering and pilferage as well as provide traceability.
While present security measures cover factories and port container terminals, exporters and port authorities are usually unaware of what happens to containers in transit, either on the high seas or overland, Vermeire said at a seminar last week to discuss Colombo port's future.
It was organised by the Company of Master Mariners, an organisation of shipping