By Sam Whelan, Asia correspondent (The Loadstar) - Hong Kong-based start-up 300cubits will suspend its container shipping cryptocurrency tomorrow, as the industry enters “crunch time” for freight-tech. In 2017, the firm set out to solve container shipping’s “booking shortfall”, a $23bn problem created by five million teu of ‘no show’ and ‘rolled’ cargo every year. By … [Read more...]
Hapag-Lloyd and ONE Join Maersk’s Blockchain-Based TradeLens Platform
Maersk has signed up container shipping rivals Hapag-Lloyd and Ocean Networks Express (ONE) for its blockchain-based TradeLens digital shipping platform. Hapag-Lloyd and ONE, the world’s fifth and sixth largest carriers by capacity, respectively, will join CMA CGM and MSC Mediterranean Shipping Company, the world's second and fourth largest carriers, who recently … [Read more...]
Digital Standards for Container Shipping on the Starting Blocks
By Gavin van Marle in Rotterdam (The Loadstar) - The first common digital standards for the container shipping industry are expected to be proposed this year, according to the newly appointed chief executive of the Digital Container Shipping Association. Speaking at this week’s TOC Container Supply Chain event in Rotterdam, Thomas Bagge (pictured ) told delegates that … [Read more...]
Maersk to Trial TradeLens Platform in Russia
A.P. Moller - Maersk has reached deal with the Russian Ministry of Transport to launch its blockchain-based TradeLens platform in Russia. The agreement, signed by Maersk CEO Søren Skou and Yuriy Tsvetkov, Deputy Transport Minister and Head of Federal Maritime and River transport Agency, will allow Maersk to implement TradeLens to the Russian market with the aim of digitizing … [Read more...]
Shipping Giants Join Maersk’s Blockchain Platform
By Jacob Gronholt-Pedersen COPENHAGEN, May 28 (Reuters) - Mediterranean Shipping Co (MSC) and CMA CGM, two of the world's biggest container shipping groups, are to join market leader Maersk in a blockchain platform aimed at limiting a costly paper trail in the industry. With MSC and French-based CMA CGM, the second- and fourth-largest container shipping companies, joining … [Read more...]