Blogs

Two Blockchain-Based Platforms Like CargoX and RoadLaunch Has Been Integrated The revolutionary concept of blockchain technology has given a huge boost to the shipping industry with its avant-garde ideas. Now, two renowned and well-established blockchain-based platforms are being integrated into one to strengthen its impact and reach out to the masses. The CargoX is a platform based on public logistics document transaction built on the foundation of a strong blockchain ideation is now being merged into a private one. The RoadLaunch is a blockchain-based network that focuses on private digital freight management and can prove to be extremely beneficial to the shipping organizations across the globe. RoadLaunch is highly efficient at recording the necessary freight quoting, load matching, capacity management, dispatch, asset tracking and resolving of freight rates. CargoX has come up with a brilliant feature to transfer the ownership of global trade documents through the help of a digital network. The joint venture will go a long way in keeping track of the user’s information on several blockchain-based platforms at the same time. Global Containership Fleet Just Crossed The 23m TEU In Capacity Mark The Alphaliner has recently recorded that the global containership fleet has been successful in reaching the 23m in capacity mark in the month of September 2019 due to the addition of new, ultra-large vessels to the existing number. The delivery of two new buildings (each of 23,000 teu) to the major shipping company like MSC has sparked a hike in the global containership fleet, which has achieved a huge milestone in the maritime arena. The large-sized vessels will be put to good use on the busy Asia-Europe trade route along with the cooperation of the 2M partner, which is popularly known as Maersk Line. It has been deciphered that the surge in the capacity of the global containership fleet has been a direct outcome of a low scrapping rate. Chennai Port Supported The Cleanliness Drive To Diminish The Use Of Plastic Realizing the need to curb out the intense levels of pollution in the oceans, the Chennai Port has taken a firm step to reduce the use of plastic with the help of an active cleanliness drive. This thoughtful campaign is being referred to as ‘ Swachhata Hi Seva ’ that has been launched at the Chennai Port as a genuine attempt to minimize the usage of harmful, non-biodegradable substances that pose a threat to our marine ecosystem. By banning the necessity of single-use plastic, the port authority has taken a bold initiative to contribute to preserving the environment and protect it from further damage. Hughes India Introduces Maritime Mobility Services In The Country Hughes Communications India Ltd (HCIL) falls under the banner of Hughes Network Systems and has carved out a significant niche with its expertise in providing top-notch broadband services and satellite networks. Of recent, it has come into the limelight by launching maritime mobility services in India for the benefit of the shipping sector. HICL also happens to be the first organization to be the recipient of a Flight and Maritime Connectivity (FMC) license that immediately allows it to provide its first-class mobility services within 125km of coastline. Being high incapacity, this broadband service can come in handy while reducing the fuel prices, monitoring weather conditions, ordering the required supplies and filing the regulatory documents. Canada-Based Algoma Purchases A New Equinox Dry-Bulk Carrier Algoma is a Canadian organization that deals with marine transportation services and has been applauded for its steady performance in the field. In fact, Algoma is in charge of the largest fleet of dry and liquid bulk carriers that are deployed on the Great Lakes- St.Lawrence Waterway and includes the services provided by gearless dry-bulk vessels, self-unloading dry-bulk carriers, and product tankers. Now, the company is ready to sign up for a new Croatian-built, Equinox Class 650’ dry-bulk vessel. This carrier belongs to the 3Maj Brodogradiliste from Croatia and will come with the advanced, self-unloading features that will make it easier to operate. Sources: https://splash247.com/public-and-private-blockchains-join-forces/ https://www.seatrade-maritime.com/news/europe/global-container-shipping-fleet-hits-23m-teu-in-capacity-alphaliner/ http://www.maritimegateway.com/cleanliness-campaign-launched-chennai-port/ http://www.eximin.net/NewsDetails.aspx?name=42129 https://www.marinelink.com/news/algoma-acquires-croatianbuilt-vessel-470950