ShippingWatch

Chinese port joins CMA CGM and Cosco in blockchain partnership

State-owned Chinese port Qingdao is joining a blockchain platform partnership, which include players such as Cosco and CMA CGM.

Photo: AP / CHINATOPIX/Ritzau Scanpix

The port operator behind the Port of Qingdao is becoming a member of of the blockchain partnership, Global Shipping Business Network (GSBN), writes Lloyd's List.

The state-owned port is hereby the most recent member of the digitalization consortium, established in November last year by CMA CGM and seven other large carriers along with the similarly Chinese state-owned Cosco Shipping, which, according to the media, owns roughly 20 percent of the port operator.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

OECD downgrades growth forecast for global economy

The global economy is still growing, though it's losing momentum, according to the latest growth estimate of the OECD's Economic Outlook. Bottlenecks in the shipping sector and elsewhere as well as pressure on supply chains have contributed to rising inflation.

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs