• 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Smart B/L Bill of Lading transfer and processing solution is based on public and open blockchain technology, replacing outdated paper documents.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 April 19

19:00 Okskaya Sudoverf launches lead shallow-draft tank barge of Project ROB20, Belmax 1 (photo)
18:05 Vroon's MPI Napoleon commences Baltic-Sea charter
17:05 Diana Shipping announces continuation of time charter contract and a new time charter contract with Cargill
16:39 Admiralteiskie Verfi and Roshydromet sign contract for designing and construction of North Pole ice-resistant platform (photo, graphics)
16:05 CMA CGM to apply GRI from Canada to Asia, the Middle East and the Indian Subcontinent
15:15 MEYER WERFT announces delivery of cruise ship Norwegian Bliss
14:33 Maersk delivers new block train solution on Standard Gauge Railway
14:11 Global bunker market: the state of volatility remains, expert says
14:03 Samskip starts new service from Poland, Lithuania and Norway
13:20 Bibby Offshore becomes the first to deploy a pioneering diving safety system in the North Sea
13:17 Damen Dredging Equipment launches new DOP Dredger Series
13:11 Draft rules for collection of port investment due is available for public discussion (document)
12:52 Wärtsilä to provide optimised maintenance for a complete fuel gas handling system for Viking
12:08 6th Forum of Intermodal Transport FRACHT 2018 held in Gdańsk on 11-12 April
11:13 Port of Rotterdam: growth in container throughput continues in first quarter
10:49 Port of Riga introduces new cargo handling technologies
10:15 Experts forecast Russia's LNG exports to make 33 to 62 million tonnes by 2030
09:52 Brent Crude futures price up 0.6% to $73.92, Light Sweet Crude – up 0.55% to $68.85
09:34 Baltic Dry Index up to 1,124 points
09:24 APM Terminals launches integrated cold chain solutions in India
09:17 Bunker prices show no significant changes at the Far East ports of Russia (graph)

2018 April 18

18:26 Engine room fire on board Finlandia Seaways quickly under control
18:05 Ports of Long Beach and Los Angeles offer seed money to foster the development of new goods-movement technologies that improve air quality
17:47 Port of Rotterdam Authority launches new Pronto application
17:25 CMA CGM implements FAK rates from East Mediterranean ports to Gulf and Red Sea
16:55 Royal IHC announces successful launching of BONNY RIVER in China
16:16 RZD Logistics and Fenix will develop transit cargo transportation via port Bronka (photo)
16:05 Jumbo names new offshore vessel Stella Synergy
15:28 Samskip brings Rotterdam into Nor Lines' flexible LNG-powered service network
15:05 CMA CGM implements GRR from Asia to West Africa
15:02 Baltiysky Zavod shipyard tested mooring facilities of Akademik Lomonosov FPU (photo)
14:59 Port of Long Beach container cargo volumes swell 14 percent in March 2018
13:37 Kazmortransflot LLP takes delivery of final Damen Shoalbuster 2709 for Caspian Sea operations
13:08 Commercial Sea Port of Ust-Luga purchased Liebherr crane as part of Yug-2 terminal modernization (photo)
12:35 Crowley completes acquisition of three SeaRiver tankers
11:47 Major ASW ships Severomorsk and Vice Admiral Kulakov practise search for submarine in Barents Sea
11:19 USC: Import substitution and localization in shipbuilding is hindered by undeveloped service offer
10:50 Russia and Japan ink MoC on mutual recognition of seafarers’ diplomas (photo)
10:25 Brent Crude futures price up 0.54% to $71.97, Light Sweet Crude – up 0.51% to $66.86
10:09 FLEX LNG LTD signs one year time-charter with Enel
09:48 CMA CGM welcomes IMO's decision to reduce by 50% the industry’s CO2 emissions in 2050
09:33 Bunker prices are flat at the Port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index up to 1,052 points

2018 April 17

18:06 Management of Azerbaijan Caspian Shipping Company met with seafarers of the Company’s Offshore Fleet
17:57 RF Navy's major landing ship Minsk visits Lisbon port
17:35 For the first time, more than 30 ports certified with EcoPorts PERS environmental standard
17:05 MAN Diesel & Turbo wins major container vessel order
16:35 Konecranes Gottwald Mobile Harbor Crane for Italian multi-purpose terminal
16:30 Port of Antwerp freight volume up 7.1% to 58,328,678 tonnes in Q1 2018
16:20 Reconstruction and modernization of Yug-2 terminal at the port of Ust-Luga to increase its annual capacity to 20 million tonnes by 2020
16:05 The world’s largest plug-in hybrid ship begins to take form
15:24 Rolls-Royce to supply innovative autocrossing system and propellers to 13 new ferries
15:05 DNV GL launches alternative fuels white paper
14:13 Inland container shipping sector consultations facilitated by Port of Rotterdam Authority yield tangible results
13:20 The Panama Canal “adrift” due to safety concerns
12:58 Authorities and researchers to seek solutions to Arctic navigation
12:15 PowerCell’s fuel cell technology will make vessels emission-free
12:02 Bunker prices are flat at the Far East ports of Russia (graph)
11:44 Wan Hai Lines to launch Indonesia to Singapore / Malaysia service
11:31 HII awarded contract for DDG 51-Class follow yard services