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News / Low take-up forces shipping cryptocurrency teu token out of circulation

Johnson Leung
300cubits co-founder Johnson Leung
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Hong Kong-based start-up 300cubits will suspend its container shipping cryptocurrency tomorrow, as the industry enters “crunch time” for freight-tech.

In 2017, the firm set out to solve container shipping’s “booking shortfall”, a $23bn problem created by five million teu of ‘no show’ and ‘rolled’ cargo every year.

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