Latest Shipping News

  • Global shipping leaders join IBM and Maersk blockchain platform
    Global shipping leaders join IBM and Maersk blockchain platform
    Two leading global container carriers have joined the TradeLens platform to digitize their supply chain. Two of the world’s largest container carriers announced a full integration onto IBM and Maersk’s TradeLens blockchain platform.
  • Atari's VCS reboot promises standard blockchain gaming features
    Atari's VCS reboot promises standard blockchain gaming features
    The hybrid console/PC will come with the Ultra blockchain-enabled gaming platform integrated into the system. Atari is the latest big name in gaming to get into the blockchain space with new functionalities on its forthcoming console. The Atari VCS was first released in 1977 to bring classics like Space Invaders and Pac Man into the home. While it can’t compete with the major consoles of the gaming world, Atari’s rebooted VCS console/PC hybrid will have the Ultra blockchain-enabled gaming platform installed as standard. This means that when the user tires of playing the included retro games from the original VCS, they can use the Ultra app to download PC games to play through the service. Gamers will also be able to take advantage of the platform's blockchain-enabled features, including in-game NFT trading, esports tournaments, and the recently announced game streaming feature, all whilst earning tokenized rewards. Hardware will also be available to purchase through the Ultra platform, using UOS or Atari tokens. The VCS has experienced several delays due to hardware redesigns and the coronavirus pandemic. While stopping short of announcing the actual launch date, Atari told Cointelegraph that the initial batch of consoles and accessories are currently in transit to the fulfilment warehouse in the United States. The company expects to have everything under one roof and ready for sorting and shipping by the end of October. Atari has been making waves in the blockchain and crypto world since first investing in the space back in 2018.
  • Major Turkish Terminals Join IBM and Maersk's Blockchain Shipping Platform
    Major Turkish Terminals Join IBM and Maersk's Blockchain Shipping Platform
    IBM and Maersk’s global blockchain shipping platform continues to onboard major new global partners. TradeLens — the blockchain shipping platform created by IBM and Danish logistics giant Maersk — has signed on a major Turkish-owned international terminals operator. TradeLens is a global supply chain management platform designed for containerized freight and logistics, which was first launched by IBM and Maersk back in April 2018.  It works by providing standards-based open APIs that allow supply chain data to be immutably and securely tracked and shared using a permissioned blockchain. Turkish-owned YILPORT Holding — which operates 22 terminals and 6 inland terminals across 11 countries — reportedly began integrating data from its Gebze and Gemport terminals in Turkey with Tradelens in July 2020.  Now that integration is complete, the terminals operator will be able to access data flows to help with the more efficient management of assets and containerized cargo. Six main messages will reportedly be operational in the API-supported data exchanges between Yilport and the platform: "gate in, gate out, vessel load, vessel discharge, actual load date list and actual discharge date list.” Via TradeLens, this container shipping-related data is accessible on the permissioned blockchain for a range of different stakeholders across the supply chain, such as shippers, agencies, port operators, customs authorities or financial service providers. IBM and Maersk’s pioneering initiative has been engaged in coordinating various government agencies and customs authorities from across the globe, attracting participants from Indonesia, Thailand, Azerbaijan, the United States and Canada, among others. As recently reported, blockchain technology is being advocated as a key tool for enterprises, organizations and even governments to develop more resilient value chains going forward after the COVID-19 crisis.  The World Economic Forum recently publ
  • Binance Confirms Crypto Debit Cards Shipping to Europe
    Binance Confirms Crypto Debit Cards Shipping to Europe
    Binance indicates crypto debit cards are on their way to Europe. Binance has confirmed the shipping of its crypto debit cards to Europe following a tweet from Binance CEO Changpeng Zhao, or CZ, several days ago. “We began shipping a limited quantity of Binance Cards on July 24,” a Binance representative told Cointelegraph in a July 27 email.
  • Binance Now Sending Out Its Debit Cards
    Binance Now Sending Out Its Debit Cards
    Binance’s move into the payment card space takes flight as cards go out for delivery. After months of waiting, planning and testing, Binance has begun delivering its debit cards to customers. “This started shipping in limited quantities as of yesterday, I heard,” Binance CEO Changpeng Zhao, also known as CZ, said in a July 25 tweet, responding to a community member interested in the product. Previous reporting shows an August launch for the card in European regions, so, it can be inferred, CZ means shipping to European customers at this time. Cointelegraph reached out to Binance for additional details but received no response as of press time.
  • Sri Lankan Container Terminal Joins TradeLens Blockchain Platform
    Sri Lankan Container Terminal Joins TradeLens Blockchain Platform
    South Asia Gateway Terminals becomes first Sri Lankan container terminal joined TradeLens platform. The first private Sri Lankan container terminal, South Asia Gateway Terminals, or SAGT, recently joined IBM and Maersk’s blockchain trade platform TradeLens.  It is the first terminal in the country to adopt blockchain technology to digitize its trade processes.  In an announcement  on July 16, Maersk said the collaboration will help SAGT grow past sluggish manual paper-based documentation processes.  Digitization for operational efficiency SAGT is an important link in conducting global trade and it annually processes more than two million twenty-foot containers.
  • Shipping Giants Piloting Blockchain to Improve Efficiency
    Shipping Giants Piloting Blockchain to Improve Efficiency
    The Port of Rotterdam, along with global shipping giants, launches blockchain pilot to improve container handling’s safety and efficiency.   The Port of Rotterdam in the Netherlands has launched a blockchain-based pilot with some of the world's leading shipping companies to improve the safety and efficiency of millions of containers that are unloaded in the port every year, according to a release from the port on July 9. Secure Container Release, the new blockchain application is reportedly to replace the traditional PIN code with a digital signal.
  • Smart Contracts ‘Have Limited Potential’ Without IoT Sensors
    Smart Contracts ‘Have Limited Potential’ Without IoT Sensors
    Smart contracts in the trade sector will need to rely on IoT sensors to live up to their full potential new research suggests. Smart contracts have limited efficiency in certain industries if not implemented in conjunction with IoT sensors according to experts in blockchain and business from NYU.  Stern School of Business Associate Professors Hanna Halaburda and Yannis Bakos presented their research at the Unitize conference July 10 on the interaction between smart contracts and Internet of Things (IoT) sensors in improving business efficiencies. Smart contracts make business more democratic The study looked at how “smart contracts will make the business landscape more democratic” — that is, beneficial for all parties involved — however it found shortcomings in the current implementation of the technology when used alone. Halaburda explained that IoT is critical for maximising the benefits of smart contracts within the trade sector: “It turns out they solve a problem, but only partially,” she said, “but what doesn’t happen, if we just add smart contracts, is the higher quality of delivery [of goods].” Citing a contract between a fruit shipping company and the retailer, she explained that the smart contract solves the problem of automated execution, but does not incentivize the shipping company to ensure the quality of the fruit. However, when adding IoT sensors into the process, a smart contract can have increased detail  or adjusted payments based on the quality of the fruit delivered, such as the temperature of storage.
  • Chinese firm Cosco to implement Alibaba’s Ant blockchain
    Chinese firm Cosco to implement Alibaba’s Ant blockchain
    Another major container shipping firm embraces blockchain, and this time it’s a Chinese state-run company.
  • Global Shipping Giant Cosco to Trial Alibaba’s Ant Blockchain
    Global Shipping Giant Cosco to Trial Alibaba’s Ant Blockchain
    Ant Financial claims its enterprise blockchain can handle a billion transaction a day and save costs in global shipping.