Block chain platform Insurwave for marine insurance goes live with Maersk onboard

2018-06-06T14:41:08+01:00 June 6th, 2018|

Insurwave, the world's first block chain platform for marine insurance, is now in commercial use with AP Moller – Maersk using the platform. Insurwave is a joint venture between EY and Guardtime for the marine insurance industry and uses block chain and distributive ledger technolgies from Microsoft Azure and ACORD data standards The platform is [...]

Panama Canal Sets New Monthly Tonnage Record

2018-06-06T14:44:03+01:00 June 6th, 2018|

For the third time since its inauguration, the Expanded Panama Canal set a new monthly tonnage record of 38.1 million tons (PC/UMS) in May 2018. During the period, the expanded waterway saw a total of 1,231 vessels transit its locks, according to the Panama Canal Authority (ACP). The container ship segment contributed highest tonnage with [...]

Number of LNG Bunkering Vessels to Double by 2020

2018-05-25T11:16:56+01:00 May 25th, 2018|

The number of LNG bunkering vessels has grown from one at the beginning of 2017 to six in early 2018, with these numbers expected at least to double by 2020, multi-sector industry coalition SEA\LNG said. Furthermore, it is forecast that in the next five years 30 LNG bunker vessels could be operating worldwide. ” The bulk LNG infrastructure is [...]

Maersk-Backed Blockchain Platform for Marine Insurance Launched

2018-05-25T11:11:11+01:00 May 25th, 2018|

A new marine insurance blockchain platform backed by Maersk Group has been launched today to support marine hull insurance. Named Insurwave, the platform has been built by a joint venture between EY and Guardtime and leverages blockchain and distributed ledger technologies Microsoft Azure infrastructure and ACORD data standards. The platform is planned to support more [...]

Qatar’s Empty LNG Tanks Pose Risk For Asian Gas Prices

2017-11-21T08:59:27+00:00 November 21st, 2017|

LONDON (Reuters) – Gas exporting giant Qatar has all but sold out of winter supply after committing its spare output to China and South Korea, a development that could tighten Asia’s gas markets as the peak demand season bites. Doha’s bumper sales will also ring alarm bells for other regions reliant on Qatari liquefied natural [...]

Hapag-Lloyd Outpaces Maersk In 2017 Outlook

2017-11-21T08:58:30+00:00 November 21st, 2017|

By Vera Eckert and Christoph Steitz (Reuters) German shipping group Hapag-Lloyd kept its outlook for the current year after its nine-month operating profit rose more than tenfold, narrowing the gap on Danish sector-leader A.P. Moller Maersk , which cut its forecast last week. Shares in Hapag-Lloyd, fresh from its merger with Arab rival UASC that [...]