Fortnightly maritime news for the industry and PortXL community.
Maersk and IBM may be left high and dry after sinking good money into the development of TradeLens, a blockchain platform built to unite and transform the shipping industry. The reason why not everyone is getting on board? Ownership of intellectual property in this joint venture.
Stiff competition for Maersk and IBM arrives in the form of the Global Shipping Business Network (GSBN), a consortium of nine top ocean carriers and terminal operators around the world. With a new blockchain platform scheduled to go live as soon as next month, the blockchain battle begins.
On the other hand, independent Slovenia-based company CargoX has launched the first open, neutral, and accessible blockchain platform for logistics.
MSC, A.P. Moller–Maersk, CMA CGM, Hapag-Lloyd, and Ocean Network Express intend to create a non-profit and neutral association with the purpose of paving the way for digitalisation, standardisation and interoperability in the container shipping industry.
The ferry Folgefonn completed an autonomous operation for the entire route, in what is believed to be the first-ever attempt at a fully automated dock-to-dock operation, in complete hands-off mode, for a vessel of that size.
A new report from Wood Mackenzie suggests that digitalisation could save the upstream sector $75 billion annually by 2023, with the key benefit of uncovering of new resources in exploration.
Japan’s Nippon Yusen Kaisha (NYK) will soon introduce its own digital currency to pay its crew, which will be pegged to the US dollar.
PORTXL ALUMNI NEWS