COPENHAGEN, May 28 (Reuters) - The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry leaders. Ports operator DP World said on Thursday it would join shipping company Maersk and other peers in a blockchain platform aimed … [Read more...]
Plug Pulled on Shipping Cryptocurrency
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...]