COVAXX and Maersk enter partnership to supply COVID-19 vaccines globally.
The goal is to bring a much needed COVID-19 vaccine to emerging and developing nations. The agreement establishes integrated logistics to enable efficient worldwide distribution of COVAXX’s COVID-19 vaccine. The aim is to distribute up to a billion doses of the COVAXX synthetic vaccine worldwide in 2021.
With two more major shipping leaders actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform..
Major global container carriers MSC Mediterranean Shipping Company (MSC) and CMA CGM announced on the 15th of October 2020 that they are now integrated onto TradeLens (www.tradelens.com), helping ensure a more fully integrated, timely and consistent view of logistics data for their containerized freight around the world.
“I am pleased that we despite the headwinds, continued our track record of improving earnings and free cash flow. Our operating earnings improved by 25%”
Another day, another CEO of a shipping line announcing good performance results. This time it is Mr.Søren Skou, CEO of A.P. Moller – Maersk announcing the strong performance by A.P. Moller – Maersk in Q2 2020.
I for one, am quite pleased with the many initiatives that the shipping and freight industry has been taking to combat climate change and reduce CO2 emissions..
Implementing IMO 2020 sulphur cap, testing the usage of bio-fuels to run ships, using scrubbers, avoiding north sea route, changing ships technology to use less fuel, etc etc etc.. While what is being done is commendable, there is still a LOT left to do in order to reach the goals set..
For its part, Maersk has announced that it will pilot a battery system to improve power production on board ships..
Shipping lines seem to be strengthening their positions in the market with their growth strategies based on acquisitions of logistics service providers..
Close on the heels of CMA-CGM’s acquisition of a major stake in CEVA Logistics, Maersk has announced the acquisition of Vandegrift – a customs brokerage firm..
What is your opinion on the acquisition of these logistics service providers by shipping lines..?? Are they tramping on the toes of the traditional logistics service providers or will this benefit the market..??
The largest global shipping alliance in the world in terms of percentage – the 2M consisting of alliance partners Maersk Line and Mediterranean Shipping Company (MSC) are adding more muscle to their alliance with the announcement of a new strategic cooperation with ZIM Lines..
Maersk, MSC and ZIM already have cooperation agreements which started in September 2018 on five services between Asia and the US East Coast with four loops operated by Maersk and MSC (2M) and one loop operated by ZIM with the lines swapping slots on all the loops..
This new cooperation agreement which is expected to come online from March 2019 (subject to regulatory approvals) will see the parties covering three of 2M’s services and one service jointly operated by ZIM and 2M..
With so many new companies launching blockchain-based shipping products, it’s clear that maritime trade will look very different in a few years.. What’s less clear is what that change will look like..
In this article we examine what barriers still exist to widespread blockchain implementation, and what companies are doing to overcome them..
We talk to startups like CargoX and established players like Agility, Maersk, IBM, Evergreen etc. to understand how shipping is changing, and where it’s going..
Got this link via email from a Fernando Souza who is a persevering Spaniard who works for Spanish Teevee.. An EXCELLENT seafaring and shipping related video that I have seen, specially the approach to Singapore.. Well done Fernando.. Watch the video here and also share it.. You can read more about Fernando here and here.. If you have any such interesting “shipping … Read more here..