South Korea's Hanjin Shipping Co., which roiled global trade and temporarily marooned more than half a million cargo containers when it filed for bankruptcy, says it has raised only a fraction of what it needs to repay creditors, whose claims total about $10.5bn.
Hong Kong-based company 300cubits is aiming to partially replace U.S. dollars in the container shipping industry with tokens soon to be launched on Ethereum - an open-source, public, blockchain-based platform.
The G20's Global Infrastructure Hub and Oxford Economics have released a report that finds that the world will need nearly $100tr in infrastructure investment by 2040. This equates to nearly $4tr every year - about the same amount as the GDP of Germany.
Two Norwegian companies are taking the lead in the race to build the world's first crewless, autonomously operated ship, an advance that could mark a turning point in seaborne trade.
In an update last week, Maersk Line gave more information into the causes and effects of the Petya cyberattack, which struck its core business IT systems on June 27. Its damage took Maersk weeks to fully repair.
The general public is well aware of the continuing development of autonomous vehicles - the media constantly provides stories on the advances of these self-driving cars, trucks and cabs. While not receiving the same media amount of coverage, the technology for autonomous ships is also rapidly developing.
The Coalition for America's Gateways and Trade Corridors (CAGTC) has released its second in a series of whitepapers that explores why national freight infrastructure must be improved.
By design, blockchain resists regulatory oversight, but maritime regulators still need to understand the technological potential of a trail of records that payment and other applications can be built upon and keep an eye on how the industry adopts this, shipping and tech experts argue.
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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