EVERGREEN

Maersk, IBM face problems with blockchain project

Maersk and IBM are reportedly struggling with their blockchain platform, TradeLens, as besides them, only one other carrier has joined in, Pacific International Lines (PIL). This comes at a time when, Maersk’s competitors such as CMA CGM, Cosco, Evergreen, OOCL and Yang Ming have also established a similar platform.

Maersk and IBM announced the blockchain platform in the beginning of the year, aiming to address issues such as inconsistent data; complex peer-to-peer messaging; and inefficient...

https://safety4sea.com/maersk-ibm-face-problems-with-blockchain-project/

Wan Hai orders 20 new box ships to meet market ambitions

Taiwan niche ocean carrier Wan Hai has confirmed an order for 20 new box ships as part of its fleet renewal plan and market development ambitions.
The profitable container line is continuing its successful strategy of operating smaller containerships on its services.
Eight 3,036 teu vessels will be built by Yokohama-headquartered Japan Marine United Corporation (JMU) and 12 2,038 teu ships at the Chinese yards of Guangzhou Wenchong Shipyard (GWS) and China …

The post Wan Hai orders 20 new box...

https://theloadstar.co.uk/wan-hai-orders-20-new-box-ships-meet-market-ambitions/

Industry questions new box ship blockchain network

Yesterday’s announcement that five shipping lines and four terminal operators are to form a consortium to develop a Global Shipping Business Network (GSBN) has raised more questions than it answered.
GSBN will be a blockchain-enabled platform that will help digitise the industry, set standards and transform documentation flows, the companies said.
The participants comprise Ocean Alliance members CMA CGM, Cosco/ OOCL and Evergreen – but also, interestingly ONE partner Yang Ming, as …

The post Indu...

https://theloadstar.co.uk/shipping-lines-terminals-unveil-digital-global-shipping-business-network/

Ship Finance enters into $400m lease financing agreements

Ship Finance International Limited (NYSE: SFL) (“Ship Finance” or the “Company”) announces that it has entered into lease financing agreements (each, a “Lease Financing”) totaling $400 million with an Asian-based institution to finance four 14,000 TEU container vessels acquired in May 2018. The vessels are employed under long term time charters to Evergreen Marine Corporation (Taiwan) Ltd. (“Evergreen”) until 2024, with options to extend the charters by 18 additional months.

Each Lease Financing...

http://container-news.com/sfl-lease-financing-agreements/

Mega carriers and terminal operators initiate blockchain consortium

Nine leading ocean carriers and terminal operators on November 6 signed a formal statement of intent for a Memorandum of Understanding (MOU) to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology. The participants include ocean carriers CMA CGM, COSCO SHIPPING Lines, Evergreen Marine, OOCL, and Yang Ming; terminal operators DP World, Hutchison Ports, PSA International Pte Ltd, and Shanghai International Port;...

http://container-news.com/mega-carriers-terminal-operators-blockchain-consortium/

Port of Tacoma ready to handle mega vessels

Evergreen’s Thalassa Axia, 1,200 feet long and with a 13,800 TEU capacity, arrived Thursday (Nov. 01) and is believed to be the largest ship to call at the port of Tacoma, according to port communications representatives.

It’s an example of the larger ships the port expects to see as they become more common for shipping lines on trans-Pacific routes.

Congress recently signed off on a channel deepening study to accommodate bigger ships at the port.

While this ship’s capacity is substantial, Katie...

http://container-news.com/port-tacoma-handle-mega-vessels/

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