PIL, PSA, IBM Conclude Successful Blockchain Trial on Chongqing-Singapore Route
Singapore’s Pacific International Lines (PIL), port operator PSA International, and technology giant IBM Singapore have concluded a successful blockchain trial, having signed a memorandum of understanding in August 2017. Following the signing of the MOU, the companies worked on a Proof Of Concept (POC) exercise, built on IBM Blockchain Platform, applying and then testing a blockchain-based supply chain platform to track and trace cargo movement from Chongqing to Singapore via the Southern Transport Corridor. The trial successfully achieved the following objectives:
Innovative New Falck Training Center
; Joost Eenhuizen, Business Manager Maritime Industry & Offshore at the Port of Rotterdam sees Falck as an important business for the Rotterdam port area. “Falck contributes to safety in the port with its knowledge and expertise in this area. We wish to achieve a high safety standard as a port operator. We are delighted that Falck has been operating for so long in the Maasvlakte helping businesses in the port with its high-quality services to prepare as effectively as possible for incident management”. Occupation of the new site in 2018 will involve far more than just the relocation
Fallen Brazilian Tycoon Batista Faces the Law
seems to face is to his reputation and pocketbook, since he looks sure to be tied up in costly litigation for years, legal experts said. Meanwhile, Batista has been selling assets to pay debt. In August he moved to pay $2 billion to Mubadala Development Co PJSC by transferring 10.5 percent of port operator Prumo Logística SA and iron ore miner MMX Mineração e Metálicos SA to the Abu Dhabi government investment fund. The restructuring of OGX is expected to be completed soon, after which his once controlling stake will drop to near zero. His decline has also had
Great Barrier Reef Protection: Australia Approved Sand Dumping
Authority (GBRMPA), an independent agency charged with protecting the reef, in January granted a permit to dump the sand about 25 kilometres (15 miles) away from the protected zone. That was after the park authority told the government in its recommendation in 2013 that the dredging proposal by port operator North Queensland Bulk Ports Corp would hurt the reef. "The Government approved the project subject to some of the toughest conditions in Australian history, to deliver a net benefit to the environment," Environment Minister Greg Hunt said in a statement emailed to Reuters. Greenpeace
February 2024
