By Captain John Konrad (gCaptain) According to the World Bank, no other industry has pulled more people out of poverty worldwide. And if the world’s ships - responsible for moving $9 trillion of goods around the oceans every year - were to suddenly stop, billions of people would go hungry. Likewise, one new algorithm or design tweak that makes sea-bound vessels just … [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...]
Business of Shipping: Maritime Industry Technology Accelerators
By Ira Breskin - The staid maritime industry now boasts several technology accelerators, with more likely to follow. The accelerator name is self-effacing. These technology “hot houses” are designed to force feed promising start-up firms that offer the promise of highly-sought, cutting-edge, industry-specific software and hardware. Ironically, some of this technology may … [Read more...]
Norway’s Aker Bets On Software Engineers for Its Oil Business
By Shadia Nasralla and Gwladys Fouche STAVANGER, Norway, Sept 19 (Reuters) - When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one. So instead they set up their own, Cognite https://www.cognite.com, to create digital maps of Aker BP's … [Read more...]
Blockchain Technology: Friend or Foe?
MTS Logistics is a C-TPAT and ISO9001:2008 certified NVOCC specializing in LCL, FCL, and project sea freight shipments. With the help of their global agency network, they are able to provide import and export services to and from a wide range of international destinations including, but not limited to, South America, the Mediterranean, Europe, the Middle East, Oceania, and … [Read more...]