Former Maersk execs' Blockshipping venture gives up on ICO

Blockshipping gives up on plans to raise more money through cryptocurrency. The desired funding has not been raised, and the company will now pursue other investors and optimize in order to bring down capital requirements, CEO Peter Ludvigsen tells ShippingWatch.

Photo: Blockshipping

Things have not gone as expected for Blockshipping since the company was launched in February last year.

The act of raising money as well as the way Blockshipping, headed by former Maersk executive Peter Ludvigsen, planned to do so, turned out to be more difficult than initially expected.

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