A.P. Moller-Maersk and IBM have announced their intent to establish a joint venture to offer blockchain technology to the global shipping industry. The jointly developed platform will be built on open standards and will address the need to provide more transparency and simplicity in the movement of goods across borders and trading zones.
Overall, 2017 was a good year for the ocean shipping industry. Operating margins for most carriers improved, driven by robust demand, positive inventory developments and higher rate levels.
A massive Iranian oil tanker was ablaze and leaking fuel in the East China Sea on Sunday after colliding with a large Chinese cargo ship, Iranian and Chinese officials said.
DNV GL has published the Maritime Forecast to 2050 which analyses the impact of the changing global energy system on the shipping industry through to 2050.
Penetration testing experts Pen Test Partners, have highlighted how hackers could sink a bulk carrier by manipulating the loading data of its hull stress monitoring systems (HSMS) to deliberately cause an imbalance of cargo on the vessel without the crew being aware.
To stay ahead of competing ports and technological developments, automation has been heralded as inevitable. Major transshipment hubs and aspiring ports bet their future on automation, which raises the impact cyber risks could have in the long-run.
Shanghai Yangshan Deep-Water Port's Phase IV container terminal started its trial operations last week. The 550-acre, $1.8bn facility is the latest expansion of the Port of Shanghai's complex on Yangshan Island, which has deeper water than the port operator’s mainland terminals.
There were no piracy incidents reported to ReCAAP ISC this month, and the period from January to October was the lowest over the last 10 years, reports the agency.
In Australia's live export trade, the animals' journey from the farm gate can sometimes start with a journey by truck of over 2,000 kilometers (1,200 miles).
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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