This document discusses how digital technologies can transform the shipping industry by increasing efficiency. It outlines four key areas of transformation: 1) enhancing human experience with data analytics for improved voyage planning, 2) enabling continuous monitoring and optimization of vessel operations, 3) developing a connected ecosystem for coordinated navigation, and 4) generating insights from voyage data to benchmark performance. Case studies show potential savings of 12% in fuel consumption and emissions on a sample voyage through optimizing trim, speed, route and just-in-time port arrival coordination across an ecosystem. The challenges of industry fragmentation and conflicting priorities are addressed through bundled solutions, partnerships and a focus on shared benefits across stakeholders.