Wallenius Wilhelmsen buys into blockchain supply chain specialist Vinturas
Ro-Ro line Wallenius Wilhelmsen has acquired a stake in Vinturas, a blockchain-based supply-chain visibility platform ...
Developers of a new blockchain platform believe their system can help tackle the 80% rate of data forgery plaguing the supply chain’s $2.3trn letters of credit (LC) market.
As financial instruments, LCs act as a guarantee of payment between importers and exporters through a system managed, usually, by banks.
But cofounder of LC Lite Dimitri Kouchnirenko claims four in five LC documents contain discrepancies that add 20% to transport costs through “unnecessary” administration.
“Data forgery and manipulation are regular in the current market, ...
Keep our news independent, by supporting The Loadstar
Volume surge and an early peak season? 'Don't celebrate too soon,' warning
Container spot rates diverge: to Europe still falling, but firmer to the US
Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded
Ecommerce likely the front-runner in resurge of transpacific trade after deal
China-US trade tariff pause could drive a rebound for transpacific rates
Shippers should check out the 'small print' in China-US tariff cuts
Service chaos from trade ban with India a problem for Pakistan shippers
Carriers impose 'emergency operation' surcharges on Pakistan cargo
Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high
Serious threat to jobs in US logistics as tariffs cause economic 'stagflation'
15% rebate for box ships as Suez Canal Authority woos carriers
White House u-turns see freighters flying but keep logistics players on their toes
MSC in terminal switch as Nhava Sheva gets strong start to new fiscal year
Peak season or recession? Forwarders and shippers need to 'stay flexible'
Volga-Dnepr claims 'pirate' Canada has 'hijacked' its stranded aircraft
Comment on this article