Press Releases
CargoSmart Spearheads Development of Innovative Solutions and Talent Recruitment
One of the world’s leading shipment management software solutions providers develops industry-leading shipping solutions and nurtures data science talent to facilitate re-industrialization in Hong Kong

September 15, 2015 — CargoSmart held a “Big Data, Big Opportunities Conference cum Technology Talent Recruitment Day” on September 12 at Hong Kong Science Park that attracted more than 500 participants. The conference showcased cloud-based big data analytics capabilities and encouraged the younger generation to collaboratively transform the shipping industry. In addition to featuring industry experts who shared their insights on big data analytics and the latest market developments, CargoSmart also held an onsite career exhibition to recruit data science professionals.

As a leading provider of global shipment management software solutions, CargoSmart moved its headquarters to Hong Kong Science Park in 2008 and has since leveraged Hong Kong’s competitive advantages such as its comprehensive infrastructure and deep industry experience to capture global business opportunities. The company has developed innovative shipment management and vessel operations solutions, while monitoring over 90% of the world’s container capacity to increase overall operational efficiency for the industry.

Hong Kong Science and Technology Parks Corporation (HKSTP), as an event co-organizer, has bridged CargoSmart with potential partners within its ecosystem of innovation and technology. CargoSmart has thus far established connections with R&D institutions to elevate its cloud computing and data mining technology.

“We are pleased to partner with CargoSmart to facilitate the development of innovative technology in the shipping industry by tapping into our ecosystem and nurturing young talent,” said Peter Yeung, Head of Information & Communications Technology cluster, HKSTP. “We are also honored by CargoSmart’s decision to establish its Global Vessel Voyage Monitoring Center (GVVMC) at Hong Kong Science Park. The center monitors complex sea traffic data round-the-clock, a major breakthrough in Hong Kong that once again exemplifies HKSTP’s commitment to promoting ‘re-industrialization’, driving the development of a knowledge-based economy and strengthening Hong Kong’s value as an innovation hub by introducing new technology to traditional industries.”

Professional data analysts and experienced vessel captains operate the GVVMC. The GVVMC monitors vessel data 24/7 and provides predictive analytics. CargoSmart also collaborates with overseas partners and clients to develop customized shipping solutions that best meet their business needs by leveraging the monitoring center’s big data analytics platform.

“Transshipment trade and container logistics play an important role in Hong Kong’s economic development. Although we have seen increasing challenges to the shipping industry in Hong Kong in recent years, Hong Kong remains competitive,” said Lionel Louie, chief commercial officer of CargoSmart. “We analyze complex shipping data and use machine-learning to understand and predict shipping route patterns, enabling us to create more innovative solutions. We are also committed to attracting and nurturing technology talent that can bring our technological innovations to the next level.”

With an eye on Hong Kong’s eight universities and the technology talent nurtured by them, CargoSmart plans to recruit more than 50 data analysts this year, covering data warehousing, data mining, data integration and analytics, data visualization and more.

About CargoSmart
CargoSmart Limited provides global shipment management software solutions that enable shippers, consignees, logistics service providers, NVOCCs, and ocean carriers to improve planning and on-time deliveries. Connected to over 30 ocean carriers, CargoSmart leverages big data sources and a cloud-based platform to offer award-winning sailing schedules, visibility, documentation, contract management, compliance, and benchmarking solutions. Launched in 2000, CargoSmart helps over 130,000 transportation and logistics professionals to increase delivery reliability, lower transportation costs, and streamline operations. For more information, please visit www.cargosmart.com.

About Hong Kong Science and Technology Parks Corporation
Comprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talent, facilitate collaboration, and catalyze innovations to deliver social and economic benefits to Hong Kong and the region.

Established in May 2001, HKSTP has been driving the development of Hong Kong into a regional hub for innovation and growth in several focused clusters including Electronics, Information Communications Technology, Green Technology, Biomedical Technology, Materials and Precision Engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centers with professional support services. We also offer value added services and comprehensive incubation program for technology start-ups to accelerate their growth.

Technology businesses benefit from our specialized services and infrastructure at Science Park for applied research and product development; enterprises can find creative design support at InnoCentre; while skill-intensive businesses are served by our three industrial estates at Tai Po, Tseung Kwan O and Yuen Long.

More information about HKSTP is available at www.hkstp.org.

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