Marseille Port Completes Blockchain Trial
The Port of Marseille Fos (Grand Port Maritime de Marseille; GPMM) has just completed a blockchain pilot scheme to enhanced efficiencies at France’s largest seaport.The focus of the project for freight transportation on the Mediterranean-Rhone-Saone (MeRS) corridor is to run a trial to evaluate the security of the digital transport chain. It will involve applying blockchain technology to supply chain logistics and freight forwarding, particularly where goods are transported in…
Blockchain Container Completes Maiden Voyage
The Port of Rotterdam has announced that the first paperless and fully door-to-door tracked container, based on blockchain technology, has arrived at the warehouse of Samsung SDS in Tilburg.Last year Dutch bank ABN AMRO collaborated with the Port of Rotterdam and Samsung SDS on a blockchain trade initiative, DELIVER. The DELIVER concept fuels process automation and provides value for all actors in the supply chain.Yesterday, they have successfully tracked and instantly financed a shipping container and the Proof of Concept (PoC) phase is complete.
CargoX's Blockchain B/L Test Successful
The new dry bulk shipping company G2 Ocean and emerging markets specialists Manuchar have announced the successful trial of CargoX’s blockchain-based Smart Bill of Lading (B/L) Solution, and in doing said the traditional bill of lading is “ready for retirement."According to a statement form G2 Ocean, a joint venture of two of breakbulk and bulk shipping companies - Gearbulk and Grieg Star, the two companies concluded their test of the blockchain-based B/L system in April.“Paper Bills of Lading are already considered a historic artefact.
ZIM Joins TradeLens Blockchain Platform
The cargo shipping company in Israel, ZIM Integrated Shipping Services announced that it has signed on as a member of TradeLens, a blockchain-enabled digital shipping solution jointly developed by A.P. Moller - Maersk and IBM.TradeLens uses blockchain technology to enable trust between multiple trading partners – from carriers to freight forwarders, customs officials, port authorities and more -- when transacting in a digitized global trade documentation process.TradeLens ecosystem members get a single shared view of a transaction without compromising details…
Maersk Mulls Trade Financing Growth in India
Shipping major AP Moller-Maersk Group's export-import (exim)-focused trade finance arm Maersk Trade Finance is targeting a 33 percent loan disbursal growth at $200 million in 2019 in India.The trade financing solution arm of Danish business conglomerate said that it disbursed a total of USD 0.7 billion globally till date since its inception in 2015, with over 150 million in India in the year 2018, a 53% Y-o-Y increase as compared to 2017.Vipul Sardana, Global Head of Maersk Trade Finance said “Indian SME sector continues to play a significant role in India's economic development.
Oil, Gas Majors Join Blockchain Consortium
A group of seven major oil and gas companies, including ExxonMobil Corp., Chevron Corp. and ConocoPhillips, announced a partnership to establish the first industry blockchain consortium in the United States.With several use cases across the industry value chain, the consortium intends to conduct proofs of concept with this emerging technology in 2019, said a press release from OOC Oil & Gas Blockchain Consortium.The OOC Oil & Gas Blockchain Consortium was founded to advance industry blockchain technology learnings for the purpose of driving industry standards…
Blockchain to Track Sustainable Biofuel
Japanese shipping company NYK, global mining company BHP, green biofuel company GoodFuels and the developer of blockchain applications for the maritime industry Blockchain Labs for Open Collaboration (BLOC) bunkered biofuel in the tanks a BHP vessel in Netherlands.The Netherlands based GoodFuels Marine, a supplier of sustainable low carbon marine fuels, has annouced the successful delivery of sustainable biofuels to the BHP-chartered, NYK-owned bulk carrier Frontier Sky, with CO2 savings verified with BLOC’s blockchain fuels assurance platform.
PIL, IBM Complete Blockchain Project
Singapore-based Pacific International Lines (PIL) has completed a blockchain pilot with IBM for an electronic Bill of Lading (e-BL).PIL has used e-BL built on the IBM Blockchain Platform in a real-time pilot tracking shipment of mandarin oranges from China for the Lunar New Year celebrations.With the use of e-BL, the trial has produced a significant reduction in the administrative process of transferring the title deed from five to seven days to just one second."This is significant because the Bill of Lading is one of the most crucial documents used in international trade…
ZIM Launches Blockchain-based Bills of Lading
Israel’s largest cargo shipping company ZIM Integrated Shipping Services has opened its blockchain platform for electronic bills of lading (eB/Ls) to all clients in selected trades.Over the last year, following ZIM’s November 2017 announcement regarding the first-ever pilot of paperless Bills-of-Lading based on blockchain technology, ZIM and selected leading customers have been testing the new Platform as a solution for trade activities on multiple shipping lanes.Following the successful pilot, accomplished with the cooperation of Wave Ltd.
MBL's Fuels Assurance Platform now being tested
Maritime Blockchain Labs has announced the real-world testing phase for technology solution that enhances traceability and trust in bunker fuel supply chain. Maritime Blockchain Labs (MBL), a partnership set up between Lloyd’s Register Foundation and BLOC to explore the use of blockchain for the assurance and safety of critical infrastructure and drive new business models for the global maritime industry, announced today that its first demonstrator project, a fuel provenance register for the maritime sector that aims to provide trusted information about fuel origin…
Abu Dhabi Ports, MSC Join with Silsal for Blockchain Solution
Abu Dhabi Ports subsidiary Maqta Gateway said that it is to carry out its first testing of international blockchain solution Silsal with a maritime operator in partnership with MSC Mediterranean Shipping Company, a global leader in shipping and logistics.Silsal provides a seamless and secure link between stakeholders across the trade community using the electronic ledger system.As a major carrier, MSC will provide vital information and feedback on the international pilot project…
Container Logistics Blockchain Pilot Launched in Rotterdam
The Port of Rotterdam Authority, Samsung SDS and ABN AMRO are preparing to launch a container logistics blockchain pilot.The pilot will seek to use blockchain technology to build a platform for efficient and paperless administration processes for the international finance and logistics surrounding container transport. The result should make it just as easy to transport, track and finance goods and services as it is to order a book online.Currently payments, administration and…
Singapore Pact for 3D Printing in Maritime Sector
The Maritime and Port Authority of Singapore (MPA) signed two Memoranda of Understanding (MoU) for Additive Manufacturing (AM), also known as 3D printing.The two MoUs are: a) An MoU with PSA Corporation Limited (PSA), the National Additive Manufacturing Innovation Cluster (NAMIC) and 3D MetalForge Pte Ltd (3D MetalForge) to establish the world’s first on-site AM production facility for port applications; and b) An MoU with NAMIC and the Singapore Shipping Association (SSA) to…
BLOC Bags MIT Award for Shipping Emissions MRV Solution
Blockchain Labs for Open Collaboration (BLOC), has won Massachusetts Institute of Technology (MIT) Solve’s Coastal Communities Challenge, for its work in developing shipping Emissions Monitoring Reporting (MRV) solutions.The Blockchain technology and governance specialist said in a press release that it was selected from 33 teams participating in the Solve Challenge Finals, which included a live pitch event at the UN General Assembly week in New York City.The Solver teams were…
PIL, IBM to Implement Electronic Bill of Lading
Singapore’s containership operator Pacific International Lines (PIL) collaborates with IBM Singapore in another blockchain trial to design and create an electronic bill of lading which will significantly enhance the documentation process in supply chain management.The PIL-IBM collaboration was supported by Maritime and Port Authority of Singapore, Singapore Shipping Association, Infocomm Media Development Authority, Singapore Customs (National Trade Platform), and Bank of China…
Global Blockchain Technology Market in Logistics to Grow 82.86% by 2022
The global blockchain technology market in transportation and logistics industry to grow at a CAGR of 82.86% during the period 2018-2022.Blockchain technology is a cryptographically managed, distributed ledger system offered by vendors such as IBM, Microsoft, Oracle, SAP, and Tata Consultancy Services.The latest trend gaining momentum in the market is the advent of blockchain as a service (BaaS) which will lead to the growth of the market, according to Global Blockchain Technology…
Blockchain Benefits Still Murky for Most Commodities Trading
Commodity firms and banks have been diving into blockchain pilot schemes over the last two years but the new technology's application for most trading has likely been over-hyped, a report by Boston Consulting Group (BCG) said.Blockchain, originally the platform behind cryptocurrency Bitcoin, is viewed by some as a solution to inefficiencies, improving transparency and reducing to the risk of fraud. But BCG believes its potential has been exaggerated.A high-tech ledger, blockchain…
Maersk, IBM Say 94 Organizations have Joined Blockchain Platform
Shipping group Maersk said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.The industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still leaves an enormous trail of paperwork and bureaucracy.Under its new strategy, which includes the creation of an industry-wide blockchain-based trading platform, Maersk aims to expand its transport and logistics business in areas such as freight forwarding an
Imperial Logistics Encourages Digital Collaboration
Imperial Logistics is joining a new industrial initiative as one of its founding members. The consortium is called +D (plusdecentral) and aims to build a cross-company transaction protocol bringing automation and new business models to the Supply Chain.With this new decentralised infrastructure, it will be possible to digitize and automatically manage tasks such as transport contracts, insurance policies, tracking consignments, editing documents, settling damage claims and payment…
Riding Shipping's Digital Wave
A smart shipping survey conducted in January 2018 found that, while the majority of maritime industry executives believe digitalization and big data will transform the sector, only 8.7 percent currently see it as a major part of their operations. Unpredictability and disruption have made the past decade anything but smooth sailing for the global shipping industry. Volatile trade patterns and policies, low freight rates, fluctuations in commodity prices and within global demand have all contributed to a highly competitive environment which requires careful navigation by shipowners.
Consortium: Blockchain Solution to Improve Ocean Shipping
A consortium comprising AB InBev, Accenture, APL, Kuehne + Nagel and a European customs organization has successfully tested a blockchain solution that can eliminate the need for printed shipping documents and save the freight and logistics industry hundreds of millions of dollars annually. The consortium tested a solution where documents are no longer exchanged physically or digitally but instead, the relevant data is shared and distributed using blockchain technology under single ownership principles determined by the type of information.
Maersk, Statoil and OECD to Discuss Future Ocean Development
Key figures from Maersk Group, Statoil and the Organization for Economic Co-operation and Development have signed up to discuss future ocean business opportunities, demands and strategies at Opening Oceans Conference 2018 (OOC). The event, Nor-Shipping’s first outside its Norwegian home, will see c-level executives gather in Copenhagen on May 2nd and 3rd to examine how to responsibly realise the huge potential of the ocean, gaining the understanding, partners and tools to equip businesses for the way ahead.
HMM Rolls Out ‘-60ºC Ultra-Freezer’ Service
South Korea's Hyundai Merchant Marine (HMM) announced that it started its first ‘Ultra-Freezer’ service from Busan, Korea to Barcelona, Spain, based on its rich experience in the high-tech reefer container service. Ultra-freezer service refers to transportation of goods in – 60ºC, which are above the limit of regular reefer containers (– 35ºC to -40ºC). High technology and skilled personnel are also needed in the ultra-freezer service, as ultra-freezer containers need to maintain the very low temperature during shifting, loading, and discharging process.