Korean shipping firm Hyundai Merchant Marine (HMM), together with technology company Samsung SDS, has completed analysis of a seven-month blockchain technology assessment programme.
“The blockchain technology adopted in shipping and logistics industry has prevented alteration and forgery of import/export documents and it also minimised the issuance of paper documents, simplifying the document issuance process,” finds Samsung SDS.
The programme saw HMM experimenting with blockchain technology by conducting a pilot voyage from Korea to China (Busan to Qingdao) with reefer containers, followed by more pilot voyages in India, Middle East, and Europe.
The use of blockchain technology has improved transparency with shipping transactions by delivering import/export related documents to all related parties (shipper-carrier-customs-bank) at once, says HMM.
It also prevents any alteration or forgery of import/export documents through public-key cryptography.
“This is expected to reduce a massive amount of paperwork – such as inputting booking information and Bill of Lading – hence will improve work efficiency,” explains the company.
“Also with the integrated Internet of Things (IoT) technology, cargo status (such as location, temperature, humidity, etc) will be shared among HMM and the related parties live on-time, of which will clarify any legal dispute that may occur during the transportation of the cargo.”
Published: 3 January, 2018
GILLS systems installed on an existing vessel for a number of years now and the vessel owners are confident the fuel savings are approximately 10%.
Contract includes a technical solution and electrical infra-structure which enable low voltage connection by other vessels outside the cruise season.
‘Energy transition in shipping will require new technologies, alternative fuels and infrastructure to support low- and zero-carbon shipping,’ IMO Head, Air Pollution and Energy Efficiency, tells Manifold Times.
Maritime software provider opens first office in Asia to offer cloud-based ship management solutions.
Offers PureSOx connectivity programme allowing customers to remotely monitor scrubber performance.
Solution already being used by European Maritime Safety Agency to monitor vessels’ fuel sulphur content.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.
