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Maersk And IBM To Form Joint Venture Applying Blockchain To Improve Global Trade And Digitize Supply Chains

Tuesday, 16 Jan 2018 07:00am EST

Jan 16 (Reuters) - International Business Machines Corp ::MAERSK AND IBM TO FORM JOINT VENTURE APPLYING BLOCKCHAIN TO IMPROVE GLOBAL TRADE AND DIGITIZE SUPPLY CHAINS.IBM - ‍MAERSK AND IBM HAVE NAMED MICHAEL J. WHITE, FORMER PRESIDENT OF MAERSK LINE IN NORTH AMERICA, AS CEO OF NEW COMPANY​.IBM - UPON REGULATORY CLEARANCE, SOLUTIONS FROM JOINT VENTURE EXPECTED TO BECOME AVAILABLE WITHIN SIX MONTHS.IBM - AIM OF NEW CO WILL BE TO OFFER A JOINTLY DEVELOPED GLOBAL TRADE DIGITIZATION PLATFORM DESIGNED FOR USE BY ENTIRE GLOBAL SHIPPING ECOSYSTEM.IBM - NEW COMPANY WILL BE HEADQUARTERED IN NEW YORK METROPOLITAN AREA.IBM - NEW CO INITIALLY PLANS TO COMMERCIALIZE TWO CORE CAPABILITIES AIMED AT "DIGITIZING GLOBAL SUPPLY CHAIN FROM END-TO-END".IBM - CORE CAPABILITIES THAT NEW CO INITIALLY PLANS TO COMMERCIALIZE INCLUDE A SHIPPING INFORMATION PIPELINE & PAPERLESS TRADE.IBM - ADDITIONAL GOVERNMENT AUTHORITIES, INCLUDING SINGAPORE & PERUVIAN CUSTOMS, WILL EXPLORE COLLABORATING WITH JV PLATFORM TO FACILITATE TRADE FLOWS.IBM - GLOBAL TERMINAL OPERATORS APM TERMINALS AND PSA INTERNATIONAL WILL USE JV PLATFORM TO "ENRICH" PORT COLLABORATION AND IMPROVE TERMINAL PLANNING.

First Ship Lease Trust ‍Sells Chemical Tanker FSL Tokyo For US$13.8 Mln​

Tuesday, 16 Jan 2018 04:46am EST

Jan 16 (Reuters) - First Ship Lease Trust ::‍SOLD ITS CHEMICAL TANKER, FSL TOKYO FOR US$13.8 MILLION​.WILL RECORD A RELATED IMPAIRMENT CHARGE OF ABOUT US$9 MILLION IN 4Q2017​.AMOUNT OUTSTANDING UNDER DEBT FACILITY AFTER APPLICATION OF FSL TOKYO'S SALE PROCEEDS WILL BE US$138 MILLION.

Dampskibsselskabet Norden Raises Expectations For 2017

Tuesday, 16 Jan 2018 03:03am EST

Jan 16 (Reuters) - Dampskibsselskabet Norden A/S ::REG-NORDEN RAISES EXPECTATIONS FOR 2017.‍PRELIMINARY RESULTS INDICATE AN ADJUSTED RESULT FOR NORDEN IN 2017 IN RANGE OF USD 20 TO 35 MILLION.​.‍PRELIMS ARE INCREASE FROM PREVIOUS EXPECTATIONS OF USD -10 TO 30 MILLION.​.SHARES RISE 5.3 PERCENT​.

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