Halifax Port Authority is pleased to announce it has been invited to join a blockchain-focused digital global shipping platform developed by Maersk and IBM, known as TradeLens.
The goal is to develop a highly secure digital ledger system that promotes the sharing of information across the global shipping industry which can reduce costs, improve productivity, increase the speed of the delivery of goods, and provide transparency. The Maersk-IBM Blockchain platform will enable the required safety and security. (more…)
By Alexander Whiteman
Efforts to migrate logistics companies towards blockchain systems are increasing, with Maersk and IBM’s collaborative effort having recruited 94 organizations. The joint-venture was given its first public airing on August 9, when the shipping and IT giants formally launched TradeLens.
Tradelens leader for Maersk Mike White said: “Ensuring TradeLens interoperability and data protection among Maersk, IBM and all ecosystem participants, we strongly believe will maximize industry adoption.” (more…)
By Ian Putzger
Companies that are moving cargo through the Canadian gateway of Halifax can now check via the port’s website how containers pass through the terminals. The Port Authority displays real-time turnaround times at its two container facilities, South End Terminal and Fairview Cove Terminal. “We were working with the terminals and our rail provider, CN. Gathering the information and putting it live on the web was a big step for us,” said Lane Farguson, the port’s communication adviser. This is part of a drive by the Port Authority to achieve greater transparency on shipments and performance on its patch.
Since February, its website has harboured information about the percentage of containers that leave the port within three or four days – the declared objective is to eliminate dwell times of more than four days. The port aims to get 90 per cent of containers off the dock within three days and 100 per cent in four days. (more…)
By Mike Wackett
Hapag-Lloyd lost $80 million in the second quarter, taking its net loss after six months to $122 million. It blamed what it called a “disappointing” result on “intense competition” and “higher operational costs”. However, the company, which issued a profit warning in June, said there was evidence of a recovery in freight rates in the third quarter. (more…)
By Gavin van Marle
“Cautious investor sentiment towards greenfield container terminal projects” could lead to steeply increasing box terminal utilization and a possible decline in port productivity.
According to Drewry’s latest five-year container port demand forecast, volumes are set to increase on average by just under 6 per cent a year. This would add 240 million TEUs to global container port throughput by 2022 – 45 million TEUs a year – “broadly equivalent to the size of the world’s largest container port, Shanghai”. However, at the same time, global capacity is set to increase by 2 per cent annually for a total 125 million TEUs, increasing the pressure on a port network already suffering from periodic bouts of severe congestion. (more…)