A.P. Moller – Maersk and IBM to discontinue TradeLens, a blockchain-enabled global trade platform

Copenhagen – A.P. Moller – Maersk (Maersk) and IBM today announced the decision to withdraw the TradeLens offerings and discontinue the platform. TradeLens was founded on the bold vision to make a leap in global supply chain digitization as an open and neutral industry platform. Unfortunately, while we successfully developed a viable platform, the need for […]

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Rates rebound as blank voyages strategy starts to pay off for carriers

Prasit Rodphan11/11/2022 dreamstime_s_97800666Spot container freight rates on the largest Deepsea trades rebounded this week, despite continuing weak demand, suggesting recent capacity cuts have begun to reverse months of pricing decline. According to the Freights FBX index, Asia-US west coast rates increased 11% week on week, to $2,763 per 40ft, which is around 80% lower than […]

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IMF Cuts Global Growth, Says “For Many, 2023 Will Feel Like A Recession”

Global growth is expected to slow further next year, the IMF said Tuesday, downgrading its forecasts as countries grapple with the fallout from Russia’s invasion of Ukraine, spiraling cost-of-living and economic downturns. The world economy has been dealt multiple blows, with the war in Ukraine driving up food and energy prices following the coronavirus outbreak, […]

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