Maersk Line and IBM are completing their so-called blockchain solution aimed at reducing the shipping sector's reliance on documents. The industry as a whole can save billions of euros, says IBM's head of global trade digitalization, Norbert Kouwenhoven, in an interview with ShippingWatch. Read on to learn how the many billions of euros will be saved.
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Another Maersk vessel was hit by a fire in a container Thursday night. The fire is under control and all crew members are safe. At this point there are no signs that the latest fire is in any way related to the fatal Maersk Honam fire.
In the first court case of its kind, Dutch reefer specialist Seatrade and two of its executives have been sentenced for illegally sending four vessels to be scrapped in Asia and Turkey. "It is very likely" that the company will appeal, says Seatrade.
After less than a year as CEO of Dan-Bunkering, Christoffer Berg Lassen is now entering the executive board of parent company Bunker Holding. Going forward, Group CEO Keld R. Demant will focus on the company's acquisition strategy, he tells ShippingWatch.
With USD billions lent to shipping, financial institutions play a central role in the work to lower the industry's emissions of CO2. "We're in the middle of a paradigm shift," says James Mitchell, Maritime Finance Lead at the NGO Carbon War Room, in an interview with ShippingWatch.