• 2018 August 25 17:52

    The first ever blockchain-based CargoX Smart B/L™ completes trial shipment from China to Europe

    The container, processed with the revolutionary new blockchain-based CargoX Smart Bill of Lading™, has been released successfully in the Port of Koper, Slovenia (EU), where it arrived on Sunday, 19 August 2018, completing its journey from Shanghai (China) aboard the cargo ship Ever Safety, and was shipped by one of the world’s largest freight forwarders, the company said in its press release.

    The Bill of Lading for this shipment has been issued electronically and transferred with the help of an ultra-secure and reliable public blockchain network in just minutes instead of days or weeks, and the chances of loss, theft or damage to the Bill of Lading have been dramatically reduced to near-zero.

    At $15, the cost of such a safe electronic Bill of Lading was a mere fraction, approximately 15% of the estimated usual price for a paper document to be transferred through courier services across the globe.

    The whole process was completely official, compliant and hassle-free, which has been unanimously confirmed by all the partakers in Asia and Europe.

    The importer was the company Metro d.d., better known for their network of MANA clothing stores throughout the CEE region, with a chain of 200 shops. "We are extremely happy to be able to confirm that all went well with the new blockchain-based electronic Bill of Lading, as this will give us the opportunity to lower the cost of importing goods significantly. We import hundreds of TEU from the Far East, and we are always trying hard to optimize our supply chain. If it raises the safety and reliability of the document transfer, that is an added value for us as well!" said Miloš Košir, logistics manager of Metro d.d..

    The exporter, the Hangzhou Doko Garments Co. Ltd., is one of the 1,000+ manufacturing plants in the Hangzhou region, which represent 50% of China’s roughly 600 ready-to-wear brands focused on the upper-middle class women’s fashion market. Their CEO, Mr. Lin, approves of the CargoX Smart B/L™:”We were glad to comply with the new process, as it was really easy and swift to implement, and the possibility to oversee where the B/L currently is and always have the archive accessible are advantages that we really think could bring a great benefit to us. We are looking into the opportunity and the effect it would have on our company as a whole.”

    CargoX, led by Stefan Kukman, founder, and CEO, is now confirming the availability of the blockchain-based Smart B/L™ to business customers, with many successful trials already underway.

    “Our initial idea was to solve one problem at a time and not to solve all the problems that the shipping industry is facing at once. Looking at the current situation we made a proper decision and sticking to our game plan is paying out. By successfully completing the official test shipment we are concluding our development and testing phase of our CargoX Smart B/L™ solution, which will now be available to all logistics and shipping companies who want to reduce their Bill of Lading issuing and processing costs by up to 85 %, as well as save weeks waiting for the document, and who also want to have complete security and document ownership transfer capabilities,” said Stefan Kukman, CEO and founder of CargoX, a blockchain solution provider for the logistics and shipping industry.

    CargoX plans to be present at major logistics fairs and events, and customer trials of the solution are available from September 2018.
    The shipment of garments was sent on Friday, 27 July 2018.
    The shipment in question was a 20-foot (1 TEU) container, containing 24.8 cbm (cubic meters) of garment cargo, weighing 3752 kg.
    The container was loaded in the port of Shanghai, China, and it was discharged in the port of Koper, Slovenia (European Union).
    The ship carrying it was the Ever Safety, a 299.99 x 42.8 m cargo ship built in 2007.




2019 November 12

18:06 Hapag-Lloyd to increase rates from China to Middle East including Red Sea
17:51 Admiral Makarov SUMIS participates in the international investigative project on oil spill response
17:36 Black Bear Carbon announces Port of Rotterdam as preferred location for new rCB plant in The Netherlands
17:20 Throughput of Russian seaports in 10M'2019 grew by 3.2% to 701.6 million tonnes of cargo (detalization)
17:06 MODEC, Mitsui, MOL and Marubeni to proceed with the deepwater FPSO charter project for Búzios field of Brazilian offshore pre-salt oil field
17:05 Peninsula Petroleum Group says is ready for IMO 2020
16:38 Metrans receives the first of ten new Vectron locomotives
15:59 New Joint Guidelines from ICS and OCIMF to improve safety in polar waters
15:31 Diesel submarine of RF Navy’s Pacific Fleet participates in exercised in the Sea of Japan
15:04 NMDC to complete fleet-wide conversion to Thordon seawater lubricated composite cutter shaft bearings
14:38 Krasnoye Sormovo delivers dry cargo carrier of Project RSD59, Aleksandr Sokolov
14:03 Damen Marine Components receives steering system contract for SunStone’s fifth Infinity-class 200 pax polar expedition cruise ship
13:35 Glavgosexpertiza of Russia approves survey findings under project for port construction on Novaya Zemlya
13:09 The Port of Gdansk connects Poland and Singapore
13:06 Bunker prices go down at the Far East ports of Russia (graph)
12:43 NMDC to complete fleet-wide conversion to Thordon seawater lubricated composite cutter shaft bearings
12:28 Admiral Makarov SUMIS confirmed unique competence in dynamic positioning operators training
11:44 RINA works with the National Technical University of Athens to support the future Young Engineers in Greece
11:19 IMO launches online tool to smooth reporting formalities
10:47 Montreal, Canada to host 16th Arctic Shipping Summit on 11-12 March 2020
10:25 Number of new watercraft registrations increasing in Finland
10:23 MABUX: Bunker market this morning, Nov 12
10:01 Hydrographic surveys in the Vuoksi river system to ensure safe navigation
09:42 Fleet Xpress agreement marks new stage in Bourbon digitalisation strategy for offshore
09:32 Brent Crude futures price is up 0.11% to $62.26, Light Sweet Crude – up 0.11% to $56.92
09:16 Baltic Dry Index is down to 1,345 points

2019 November 11

18:33 Alfa Laval opens new global Innovation & Test center outside Copenhagen
18:03 ABS issues industry-leading guide for firefighting for cargo areas of container carriers
17:54 Yantar shipyard launches lead rescue ship of Project 23700 named Voyevoda
17:48 Massterly and the future of autonomous shipping
17:25 Throughput of Russian seaports in 10M’19 grew by 3.2% to 701.48 million tonnes
17:03 Wärtsilä and PSA Marine achieve breakthrough in IntelliTug project
16:44 University of Rochester create a metallic structure that won't sink
16:39 Petersburg Oil Terminal transshipped 5.9 million tonnes of oil products in 9M’19, up 3.5% YoY
16:27 Throughput of port Riga (Latvia) in 10M’2019 fell by 8.7% Y-o-Y to 27.3 million tonnes
16:15 LuminUltra warns of increased microbial influenced corrosion with IMO 2020 compliant fuels
16:08 USCG responds to aground Panamian-flagged cargo vessel north of Fishers Island
15:50 Average wholesale prices for М-100 HFO down to RUB 8,504 in RF spot market
15:37 Damen secures repeat order from B.C. Ferry Services
15:32 Wärtsilä’s single-source capability key to new vessels order
15:29 DP World’s JV wins concession for Berths No 11-12 of Port 2000 in Le Havre
15:02 LUKOIL reports preliminary operating data for Q3 and 9M of 2019
14:33 Rail terminal at Kiel’s Schwedenkai will get an additional track
14:19 APEM wins Enterprize Energy offshore wind farm contract
13:42 MCB Group enters the market of insurance expertise
13:21 Fleet Xpress agreement marks new stage in Bourbon digitalisation strategy for offshore
13:00 Bremenports launches campaign in the port Hinterland
12:35 IAPH tools assist safe bunkering of clean marine fuels
12:09 Van Oord announces new Executive Governance structure
11:48 Port of Barcelona promoted in Tokyo
11:26 Primorsk Marine Grain Terminal to be put into operation in 2024
11:09 Port of Oakland export volume jumped 10.8 percent in October 2019
10:50 Missile cruiser Marshal Ustinov of RF Navy’s Northern Fleet calls port of Malabo
10:09 Hapag-Lloyd to implement GRI for Trans-Pacific trade eastbound
09:54 Port of Southampton to host MSC Grandiosa UK launch
09:47 MABUX: Bunker market this morning, Nov 11
09:42 Brent Crude futures price is down 0.88% to $61.96, Light Sweet Crude – down 0.82% to $56.77
09:25 Baltic Dry Index is down to 1,378 points
09:10 Port of Long Beach posts container volume of 688,425 TEUs in October 2019

2019 November 10

16:51 Vard Marine contracted to provide design package for two SeaFloat power barges