Blockchain venture studio ConsenSys and cloud-based metal concentrates exchange Open Mineral, announced a joint venture establishing Minerac, a consortium aiming to change the way mineral commodities trading and connected supply chains operate by using blockchain.
The International Transport Forum published a report examining how data science and encoding could improve transport. It investigates three areas: Blockchain and distributed ledger-based approaches; open algorithms and other alternatives to traditional data-sharing; a common data language for encoding mobility services.
French CMA CGM announced collaboration, since the beginning of the year, with San Francisco-based startup company Shone, specializing in the use of artificial intelligence for maritime transportation. The collaboration enables Shone to finalize the development of artificial intelligence systems onboard container ships.
A new electronic tracking system is being tested, which will use tourists’ handprints in order to identify and monitor them. The new system is being trialled on the Great Barrier Reef, aiming to reduce the risk of divers and snorkellers that are left behind. The system uses a palm vein scanning technology and facial recognition.
Following few months since the announcement of the world’s first blockchain platform for marine insurance, the platform is now available for commercial use with a view to be expanded into other types of business insurance including marine cargo, global logistics, aviation and energy sectors.
The European Commission adopted a proposal to optimize ship reporting requirements when calling at ports within the EU. 13 EU Member States called the EU Commission to present a proposal for the revision of the Reporting Formalities Directive. The aim is to reduce the administrative burdens on shipping.
The new software monitors the operational costs and evaluates the performance towards benchmarks like the Charter Party contract, and will try to give the operators the ability to monitor and track their vessel’s performance from a set dashboards and reports. The Charter Party Monitoring features warnings of any issues that could result in disputes towards the Charter Party contract.
MeteoGroup, the global weather authority, launched a new version of its weather routing solution SPOS. The new version enables captains to safely navigate the globe with low fuel consumption and emissions, by calculating the best routes and anticipate weather. SPOS9 aims to optimize shipping routes by considering various sea conditions.
LR launched the “Sulphur 2020 – Options Evaluator” to assist the industry identify the best strategy for compliance with the global sulphur in fuel oil limit of 0.50% m/m, which comes into effect on 1 January 2020. The “Options Evaluator” clarifies the potential cost and investment implications for the various compliance strategies,
The Danish Ministry of Industry, Business and Financial Affairs announced a project, in which it will use blockchain technology, in order to significantly reduce administrative burdens in the maritime sector. The project includes the ship trade and ship registration processes which often cross borders and time zones, making them complicated and time-consuming.
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