AP Moller-Maersk pulls the plug on TradeLens blockchain venture
Digital platform deemed ‘commercially unviable’ will be taken down next year
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November 2022
Riser issue for FPSO operating in North Sea sorted out a year after it arose
A production riser, which malfunctioned a year ago on an FPSO operating in the North Sea, has now been replaced.
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Maersk, IBM Discontinue Shipping Blockchain Platform
Shipping company Maersk said on Tuesday it would discontinue a blockchain platform announced in 2018 in partnership with IBM with the aim of limiting the industry’s costly paper trail.The platform called TradeLens will be phased out by the end of March…
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Long-term Ocean Container Rates Suffer Sharp Decline – Xeneta
Long-term ocean freight rates suffered a steep month-on-month decline in November as subdued spot prices, weak demand, and ongoing economic uncertainty caught up with contracted container agreements. The latest data from the Xeneta Shipping Index (XSI)…
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Celsius Tankers behind order for ‘ultra-eco’ LNG carrier at SHI
Danish shipowner Celsius Tankers has ordered a liquefied natural gas (LNG) carrier from South Korean shipbuilding company Samsung Heavy Industries (SHI).
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