Fortnightly maritime news for the industry and PortXL community.
How Maersk’s Bad Business Model is Breaking its BlockChain
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.
New Blockchain Shipping Consortium to Rival TradeLens
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.
CargoX’s Blockchain Platform Open for Business
On the other hand, independent Slovenia-based company CargoX has launched the first open, neutral, and accessible blockchain platform for logistics.
Container Shipping Giants to Establish Global Association
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.
Wärtsilä Succeeds in World’s First Fully Autonomous Ferry Voyage and Docking
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.
Digitalisation Could Open Development of ‘Sub-Commercial’ Reserves
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.
NYK Developing its Own Digital Currency to Pay Crew
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
Huge Win for The Big Smile at Logistics Award Zeeland 2018