• 2018 April 13 07:53

    CargoX’s blockchain-logistics platform goes live before audiences across Europe

    Blockchain-based logistics platform CargoX successfully held a live demonstration of its Smart B/L Bill of Lading solution, before audiences across Europe, marking the beginning of its beta testing phase and opening the platform to partners in the logistics and shipping industry, the company said in its press release.

    “The fastest, most secure, and cost-efficient platform for the global transfer of digital bills of lading is now available for beta testing with partners. Together, CargoX’s Smart B/L solution is going to reshape the logistics industry!” said Stefan Kukman, CEO and founder of CargoX.

    CargoX’s blockchain-based bill of lading platform is now open for business, allowing logistics companies and shippers to take advantage of its highly secure and efficient alternative to paper Bills of Lading, which collectively cost shippers billions of dollars per year and can take up to a week to transfer.

    After simultaneous live demonstrations in front of hundreds of logistics experts at the 6th International Logistics Congress in Slovenia and members of the French Transport and Logistics Association (TLF) in Paris, France, CargoX’s platform is ready for global trade. The startup has already signed up several logistic companies as partners, including the European logistics leader Milšped Group from Serbia, and is in talks with other major freight organizations. 

    CargoX’s Kukman demonstrated the revolutionary new technology in front of more than 250 managers from logistics companies and representatives from leading national and international associations at the 6th International Logistics Congress in Portorož, Slovenia.

    On the other side of the continent, at the same time, CargoX’s senior fellow and advisor Vjeran Ortynski demonstrated the solution to TLF members in Paris, France. The audience included representatives of the International Federation of Freight Forwarders Associations (FIATA), leading to an invitation to future talks, and - as CargoX says - a possible partnership in the near future. Faster, safer, smarter!

    The CargoX Smart B/L Bill of Lading transfer and processing solution is based on public and open blockchain technology, replacing outdated paper documents. Using CargoX’s Smart B/L, users can state and transfer cargo ownership rights without the hassle of creating paper documents, while avoiding the costs, security vulnerabilities, and delays associated with courier services. Partners are already testing the solution The Smart B/L has now reached the development minimum viable product (MVP) stage, meaning that it is available to partners for internal and pilot testing, for reviewing the service, and for providing feedback to CargoX. One recently announced partner is European logistics giant Milšped.

    Smart B/Ls are only the beginning. CargoX is adding features to its platform such as a smart letters of credit (Smart L/C) and other innovations that will reach customers by the end of Q2 2018. “We could already implement and sell it as it is,” said Kukman. He said that the company is in talks with several major regional and global logistics companies, who have all expressed interest in using the product after the initial pilot testing is finished and full compliance is confirmed on the customers’ side.




2018 July 16

18:31 APL adds port calls to West Asia Express Service
18:16 Diana Shipping announces signing and drawdown of a US$75M Term Loan Facility with BNP Paribas
17:55 Director Kopczynska addresses WMU students and faculty on maritime Europe
17:40 Great Lakes announces receipt of $70 million San Jacinto award
17:33 Bollinger Shipyards commits USCG icebreaker program to Florida
17:31 New vehicle terminal announced at the Port of Southampton
17:18 Hapag-Lloyd hikes rates for East Asia-Arabian Gulf trade
17:08 ING Bank signed a USD 80 million syndicated loan agreement with NIBULON
16:43 Minimum training standards for fishers under review
16:25 USCG rescues 7 people from capsized boat near Horn Island
16:20 Port of Antwerp sets new records with best half year ever
15:56 Freeport of Riga showed good growth in the first half of 2018
15:32 Maersk Drilling secures two contract extensions in the North Sea
15:19 Container throughput of port Hong Kong (China) down 3.6% to 9.88 million TEUs in Jan-June’18
15:03 Van Oord will acquire MPI Offshore
14:44 Average wholesale prices for М-100 HFO down to RUB 17,589 in RF spot market
14:35 Wärtsilä to assist Transocean with thruster maintenance optimisation and dry-docking cost reductions
14:25 Jan De Nul Group acquires part of MPI’s offshore business unit
14:11 Fednav accepts delivery of MV Federal Dee, its 60th owned vessel
13:46 Eastern Shipbuilding inks contract with Bisso Offshore for RApport 2400 Ship Handling Tug duo
13:27 Azerbaijan Caspian Shipping Company’s fleet is involved in a new international project
13:07 Court dismisses EUR 9 million claim against Armada Seismic Invest II AS
13:06 Hong Kong will host ShipTek Ship Owning & Ship Management Conference & Awards on 30 August 2018
12:48 Marine Recruiting Agency takes on a project of training crane specialists in Estonia
12:23 SEACOR Holdings announced that it favors a business combination of Dorian LPG LTD. and BW LPG Limited
12:02 IMO head highlights key maritime issues during trip to China
11:46 Rosmorport appoints Igor Glukhov as Deputy Director for Navigation Safety of its Far East Basin Branch
11:25 Fincantieri contracted to build LNG-fueled pair for TUI Cruises
11:01 Baltic Dry Index up to 1,666 points
10:44 Brent Crude futures price down 0.5% to $74.96, Light Sweet Crude – down 0.64% to $69.5
10:25 Mexico benefits from IMO training on port security
10:02 IMO held port emissions training for Argentina
09:52 CMA CGM's FAK rates for Asia to Red Sea trades
09:40 Bunker sales at the port of Singapore in HI’18 up 1.7% Y-o-Y to 25.35 million tonnes
09:18 Port of Singapore throughput in HI’18 grew by 0.8% Y-o-Y to 312.79 million tonnes

2018 July 15

11:24 MAN Energy Solutions ready for SMM 2018
10:43 CMA CGM informs of FAK rates from the Indian Subcontinent to North Europe and the Mediterranean

2018 July 14

12:40 CMA CGM announces GRR for Far East to East Africa trade
11:41 ABP: Container terminal operation expansion to meet growing demand
10:14 Navtek selects Corvus Energy to provide battery for the world's first all-electric tug

2018 July 13

18:50 YILPORT Holding submits offer for Taranto Container Terminal concession
18:12 Metal Shark and ASV Global introduce “Sharktech” Autonomous Vessels
17:48 ABP: £2.7 million lock gate project secures future of Newport docks
17:16 Golar LNG Partners completed acquisition of equity interest in Golar Hilli, owner of FLNG Hilli Episeyo
16:48 Total closes acquisition of Engie’s upstream LNG business and becomes world No2 LNG player
16:36 Norwegian Cruise Line confirms options for two more Leonardo-class cruise ships
16:25 Russian Minister of Natural Resources and Environment Dmitry Kobylkin visited SCF headquarters
15:59 Upgraded vessels of Project 14200 started navigation on passenger routes in Ob-Irtysh basin
15:33 Draft law on closed zones for dry bulk cargo transshipment submitted to State Duma (document)
15:12 Wärtsilä signs a EUR 170 million scrubber deal
14:37 Draft law on development of cruise tourism in Russia’s Arctic and Far East submitted to State Duma
14:24 Weatherdock AG offers fishing sector a solution to support the fight against IUU
13:49 Damen supporting European shipbuilding with NAVAIS coordination
13:11 USCG postpones underwater assessment of WWII tanker Coimbra
12:40 A £2.7 million lock gate project secures future of Newport Docks
12:11 Hapag-Lloyd to apply season surcharge for NEC to WCSA trade
11:49 London will host 9th Maritime Salvage & Casualty Response Conference on 12-13 September 2018
11:27 Hapag-Lloyd's PSS for North Europe - Caribbean, Central America trade
11:03 Throughput of port Kaliningrad in 6M’18 up 9% Y-o-Y to 7.20 million tonnes
10:38 Brent Crude futures price down 0.24% to $74.27, Light Sweet Crude – up 0.07% to $70.38