Japan’s largest shipping line by sales, Nippon Yusen K.K., is moving towards building an innovative system by launching its own digital currency for seafarers. The shipper is looking for a patent to support its tech-innovation. Also, Nippon Yusen K.K. aspires to turn its digital currency to a service that could be used by other shippers too.
Japanese companies have agreed on a demonstration test in December 2017 to verify the applicability of blockchain technology as a way to streamline and upgrade cross-border trade operations. The participating companies will provide information of real trade transactions using a blockchain-based application.
Mitsui O.S.K. Lines, Ltd. announced the cooperation with Fujitsu Laboratories Ltd., and Tokyo University of Marine Science and Technology to apply Fujitsu’s artificial intelligence technology for the estimation of vessel performance at sea.
MOL announced that it is going to participate in the “consortium to develop trade data sharing platform using blockchain technology”, Japan’s first initiative on using blockchain technology on trade-related operations, to reduce administrative burdens.
NYK announced that it entered a strategic partnership with Dualog, with the immediate focus on pushing the boundaries for automation, the Internet of Things and for Big Data analysis. The partnership is expected to leverage the technology focus and the growing cooperation between the Japanese and Norwegian maritime industries.
Mitsui O.S.K. Lines announced that its joint project with Mitsui Engineering & Shipbuilding on developing a technological concept for autonomous ocean transport system, was selected by Japan’s Ministry of Land, Infrastructure, Transportation and Tourism, for its FY2017 Transportation Research and Technology Promotion Program, on May 16, 2017.
Greek shipowners’ spending in new buildings and retrofits of existing fleet has attracted the global maritime community to Athens once again with the leading ship building nations lining up to showcase their goods at the Posidonia exhibition
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