ShippingWatch

Blockshipping looking for new investors after ICO flop

Blockshipping, a digital platform to register 27 million containers, and the brainchild of several former Maersk executives, was unable to raise the necessarry funding through an ICO. CEO Peter Ludvigsen talks to ShippingWatch about the next steps for the venture.

CEO Peter Ludvigsen, Blockshipping. | Photo: Blockshipping

It turned out to be tougher than expected to raise the necessary money for digital shipping company Blockshipping, which was launched on Feb. 28 of this year.

The company has several former Maersk executives in its management team. The company aims to create a blockchain platform which registers the world's 27 million containers and which the market can then bid on. The potential annual savings to the shipping industry generated by the platform are estimated to be USD 6 billion.

Read the whole article

Get 14 days free access.
No credit card required.

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

Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.

CMA CGM hit by new cyberattack

CMA CGM has been hit by another cyberattack, resulting in a "data leak of limited customer information", informs the French carrier. A year ago, hackers brought down CMA CGM's website.

Stena Line to deploy electric ferries

By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.

Related articles

Trial banner

Latest news

See all jobs