Subscribe to our Mailing Lists (It's free!)
Sunday, June 4, 2023
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Worker looses life in incident on Woodside’s North Rankin Complex

    Worker looses life in incident on Woodside’s North Rankin Complex

    EU proposes new measures for safe and green shipping

    EU proposes new measures for safe and green shipping

    UK MAIB

    Lessons learned: Never leave the scene of a collision until everything is under control

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Book Review: A role model for ship managers

    Book review: The politics of sustainability in the Arctic

    contemplation as a spiritual practice

    Contemplation: Directing the mind towards what’s important

    power of hug

    The power of hugging: How it affects our health

    Impostor Syndrome

    Mental Health Focus: How to deal with Impostor Syndrome

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    Grimaldi orders two new ammonia ready car carriers

    Grimaldi orders two new ammonia ready car carriers

    MT NORE METHANOL BUNKERING BUNKER ONE

    Bunker One launches methanol-ready bunker tanker

    Smart Green Shipping and NTS join Winds of Change

    Smart Green Shipping and NTS join Winds of Change

    Maersk: Electricity availability limits e-fuels in the maritime industry

    Maersk: Electricity availability limits e-fuels in the maritime industry

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    The Zulu 4 canal vessel completed a 16.5-kilometre circuit using autonomous and remote operations technology

    Kongsberg completes another autonomous vessel operation

    ONE orders 10 vessels ready for methanol and ammonia

    ONE joins GSBN in paperless trade

    Kongsberg completes autonomous operation of coastal vessel

    Kongsberg completes autonomous operation of coastal vessel

    communication onboard, connectivity

    IMO Sub-Committee considers introduction of VDES into SOLAS

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    Ship detentions in Paris MoU in February 2021

    AMSA bans bulk carrier Babuza Wisdom for 90 days

    tanker arrested in singapore

    AMSA convicts master and company after pilot ladder injury

    amsa planned maintenance fic

    OCIMF Annual Report 2023: Key amendments and additions under SIRE 2.0

    civil penalties, fines

    Spain fines tanker for illegal STS transfer

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    What does Europe’s ‘Fit for 55’ mean for shipping?

    FEPORT: Policymakers should ensure a level playing field has context menu

    IMO and South Korea sign agreement for gender equality in developing countries

    IMO and South Korea sign agreement for gender equality in developing countries

    BIMCO Q2 2023: Dry bulk market outlook

    BIMCO Q2 2023: Dry bulk market outlook

    Port of Stephenville to become green hydrogen hub

    Port of Stephenville to become green hydrogen hub

  • Columns
    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    eu ets maritime

    The EU’s objectives for sustainable shipping

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

    Trending Tags

    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Worker looses life in incident on Woodside’s North Rankin Complex

    Worker looses life in incident on Woodside’s North Rankin Complex

    EU proposes new measures for safe and green shipping

    EU proposes new measures for safe and green shipping

    UK MAIB

    Lessons learned: Never leave the scene of a collision until everything is under control

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Book Review: A role model for ship managers

    Book review: The politics of sustainability in the Arctic

    contemplation as a spiritual practice

    Contemplation: Directing the mind towards what’s important

    power of hug

    The power of hugging: How it affects our health

    Impostor Syndrome

    Mental Health Focus: How to deal with Impostor Syndrome

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    Grimaldi orders two new ammonia ready car carriers

    Grimaldi orders two new ammonia ready car carriers

    MT NORE METHANOL BUNKERING BUNKER ONE

    Bunker One launches methanol-ready bunker tanker

    Smart Green Shipping and NTS join Winds of Change

    Smart Green Shipping and NTS join Winds of Change

    Maersk: Electricity availability limits e-fuels in the maritime industry

    Maersk: Electricity availability limits e-fuels in the maritime industry

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    The Zulu 4 canal vessel completed a 16.5-kilometre circuit using autonomous and remote operations technology

    Kongsberg completes another autonomous vessel operation

    ONE orders 10 vessels ready for methanol and ammonia

    ONE joins GSBN in paperless trade

    Kongsberg completes autonomous operation of coastal vessel

    Kongsberg completes autonomous operation of coastal vessel

    communication onboard, connectivity

    IMO Sub-Committee considers introduction of VDES into SOLAS

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    Ship detentions in Paris MoU in February 2021

    AMSA bans bulk carrier Babuza Wisdom for 90 days

    tanker arrested in singapore

    AMSA convicts master and company after pilot ladder injury

    amsa planned maintenance fic

    OCIMF Annual Report 2023: Key amendments and additions under SIRE 2.0

    civil penalties, fines

    Spain fines tanker for illegal STS transfer

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    What does Europe’s ‘Fit for 55’ mean for shipping?

    FEPORT: Policymakers should ensure a level playing field has context menu

    IMO and South Korea sign agreement for gender equality in developing countries

    IMO and South Korea sign agreement for gender equality in developing countries

    BIMCO Q2 2023: Dry bulk market outlook

    BIMCO Q2 2023: Dry bulk market outlook

    Port of Stephenville to become green hydrogen hub

    Port of Stephenville to become green hydrogen hub

  • Columns
    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    eu ets maritime

    The EU’s objectives for sustainable shipping

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

    Trending Tags

    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

CargoSmart completes proof-of-concept of data exchange platform

by The Editorial Team
November 7, 2019
in Smart
blockchain

Above image is used for illustration purposes only

FacebookTwitterEmailLinkedin

CargoSmart announced the successful completion of a proof-of-concept with eTradeConnect, of the new data exchange platform Global Shipping Business Network (GSBN). The engagement explored ways to enhance global trade through better collaboration among shippers, banks, terminal operators, and ocean carriers, with applications to be further developed once the GSBN is formed.

CargoSmart successfully completed the proof-of-concept facilitated by PwC, with banks and ocean carriers including Bank of China (Hong Kong) Limited, The Bank of East Asia Limited, HSBC, Standard Chartered Bank (Hong Kong) Limited, COSCO Shipping Lines, and OOCL respectively.

GET THE SAFETY4SEA IN YOUR INBOX!

The proof-of-concept aimed to validate the hypothesis that linking supply chain data with trade finance transactions can provide enhanced transparency, traceability, and efficiency for member banks and their trade finance customers.

It specifically connects two blockchain networks to exchange information under a strong data governance model. With the consent of its customers, banks in the eTradeConnect network would be allowed to access relevant historical records provided by ocean carriers and terminals. Banks will also be able to shorten the customer validation process, with a better understanding of customers’ backgrounds and with real-time, credible shipment event data.

RelatedNews

Kongsberg completes another autonomous vessel operation

METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

What is more, eTradeConnect member banks will be able to use trusted data to streamline their trade finance approval operations, enhance their risk management, and improve their abilities to extend credit to small and medium enterprises (SMEs).

Upon official formation, GSBN will operate a data exchange platform for supply chain participants around the world. The platform is expected to follow strong data governance while data contributors retain control of their data. The platform will also be transparent and aspires to encourage participation by all stakeholders.

Commenting on this development, Eric Ip, Group Managing Director, Hutchison Ports, stated that:

The successful completion of a proof-of-concept with eTradeConnect marks a positive beginning of a collaboration between carriers, terminals and banks to explore new products and value propositions for trade finance

Earlier this year, CargoSmart announced the execution of Global Shipping Business Network (GSBN) Services Agreements with maritime industry operators CMA CGM, Cosco Shipping Lines, Cosco Shipping Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group.

Under these agreements, each signatory pledges to provide resources to support preparatory work necessary to establish the GSBN, a not-for-profit joint venture to boost the digital transformation of the shipping industry.

Tags: blockchainCMA CGMCOSCOdigitalizationHapag-Lloydmaritime datamaritime tradeOOCLsm

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

What does Europe’s ‘Fit for 55’ mean for shipping?

FEPORT: Policymakers should ensure a level playing field has context menu

June 2, 2023
IMO and South Korea sign agreement for gender equality in developing countries

IMO and South Korea sign agreement for gender equality in developing countries

June 2, 2023
MARITIME EVENTS

Explore

  • Safety
  • SEAFiT
  • Green
  • Smart
  • Risk
  • Others
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.