shipping Archives -
The world’s biggest shipping company wants to slash its carbon emissions to zero by developing a new kind of container ship to ply the oceans.
CNN.com – RSS Channel – World
President Trump’s administration is recommending the U.S. Postal Service raise prices for shipping packages, a move that would hit online retailers such as Amazon.com Inc.
A Trump-appointed commission on Tuesday released recommendations for the rate increase, which an administration official said…
The battle for the hottest prices this holiday season is spilling into a new arena: the fight over free shipping.
As Walmart, Target and Amazon launch a price war for merchandise in the weeks before Thanksgiving, they are now wooing customers with the promise of fast, efficient, no-cost shipping….
A federal judge struck down the city of Oakland’s ban prohibiting companies from transporting coal through a proposed export terminal that U.S. miners see as a key link to overseas markets.
The ban — enacted by the city in 2014 — violates a development agreement, U.S. District Judge Vince Chhabria…
Historic pact aims to reduce greenhouse gas emissions by half by 2050; the U.S. and Saudi Arabia offer only objections to otherwise unanimous agreement.
WSJ.com: US Business
President Trump lit into Amazon.com Inc. for the second time in three days with a pair of Twitter messages that said the U.S. Postal Service was losing money shipping packaging for the online retailer — “This Postal Scam must stop. Amazon must pay real costs (and taxes) now!” he said.
Under CEO Tim Cook, Apple has been late shipping new devices, delayed by factors including a large and growing global customer base, and more sophisticated technology.
WSJ.com: US Business
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January 1 will be the start of the Public Sale for ShipChain, the project that will use blockchain to change the shipping & logistics market.
ShipChain encompass all methods of freight, and will include an open API architecture that can integrate with existing freight management software.
Simply put, it’s a fully integrated system across the entire supply chain, from the moment a shipment leaves the factory, to the final delivery on the customer’s doorstep; trustless architecture, and transparent blockchain smart contracts.The movement of goods has a significant and growing influence on the daily lives of people around the world.
According to a market report published by Transparency Market Research, “The market’s global value was $ 8.1 trillion in 2015, and is expected to grow to $ 15.5 trillion by 2023 , making it one of the largest industries on the planet. The industry is currently 10% of the United States GDP.
Today, the supply chain has serious bottlenecks. The lack of a unified platform prevents the various players from interacting efficiently. Most of the participants in the supply chain use outdated ways to track their shipments. Given that upwards of 65% of the value of a company’s products or services is derived from its suppliers and its supply chain, utilizing older highly ineffective systems results in tremendous amounts of wasted time, resources, and money.
ShipChain was established to address the most significant problems facing the logistics industry today. The fully integrated system will track across the entire supply chain–from the moment it leaves the factory, field, or farm–to delivering the finished product to the customer’s doorstep; a trustless system, and transparent blockchain contracts.
The ShipChain system uses an Ethereum smart contract that can be used by anyone to orchestrate a shipping escrow on the distributed ledger. The overall shipment completion will be stored on the main Ethereum blockchain, and to keep costs low, individual tracking waypoints and load data can be stored and verified in an associated side-chain operating on the ShipChain Protocol, such as the one ShipChain Foundation.” Large partners will be able to operate their own ShipChain side-chains, with aid from ShipChain Foundation.
Public sale will be held in January 2018. 29.17 million SHIP tokens will be sold.It is planned to raise approximately $ 10 million in ETH. $ 0.342 per token is the ICO price.
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The post PR: ShipChain Using Blockchain to Change the Shipping & Logistics Market appeared first on Bitcoin News.
China poured $ 20 billion into ship financing this year, a reflection of the country’s ambition to become the world’s dominant maritime player as European banks have scaled back their investments.
WSJ.com: US Business