Building an Efficient Transport Ecosystem

  • - CO2 and Sulphur emission — the IMO (International Maritime Organization) has come up with new regulations (http://www.imo.org/en/mediacentre/hottopics/ghg/documents/faq_2020_eng- lish.pdf), which look damaging to the international shipping sector, while still being controversial as to their environmental impact. (1)
  • The residue (sulphuric acid) from scrubbers, which sea-going vessels are forced to buy at a price-tag of 1.000.000 and more each, has no ways of being utilized in the majority of the ports, and LNG-operated vessels are still far from being massively used, let alone requiring extra manning and safety measures. Seems the main solution for many will remain in the option of reducing speed to “economic” thus increasing delivery time and cost.
  • Using SHIPNEXT, on the other hand, will allow further reduction in ballast-runs, thus delivering an easier and less damaging solution to ecological problems.
  • -Transparency and reliability of the shipping sector — the banking sector, in recent years, has been experiencing the devastating impact of the fall in the shipping-market, thus leading many banks to bankruptcies across Germany, Greece, and other countries. (https://www.reuters.com/article/ us-europe-banks-shipping/european-banks-struggle-to-solve-toxic-shipping-debt-problem- idUSKBN1A90GG). This came as a result of numerous problems that piled up in the old and non-transparent sector, along with its inefficiencies. This is reflected in the fact that freight in- dex, so far, is only available for a small share of large (Panamax-, supramax- and cape-size) fleet. A Digital online market, however, as it has been in all other industries, creates transparency and makes the ship a “tradable” commodity, making it a more reliable and predictable investment.
  • However the key solution SHIPNEXT aims to bring is SHIPNEXT Supply Chain — an cost- and time-efficient, secure, seamless and traceably supply chain of goods through the Ecosystem. This is why Alexander Varvarenko brings blockchain technology into shipping and transportation. First by launching a first-ever shipping related Smart Contract based on a well structured and efficient approach to Electronic Bills of Lading, and later in building a decentralized transportation network.
  • “I am glad we hear more of the need and importance for interconnectivity and interoperability” — Alexander says. “The transport industry finally understands, that building an isolated solution to solve a small task or a fraction of the whole transportation process is not going to work on the global scale. That is why all digital (complementary and competing) solution providers, trading and freight-trading platforms, transport infrastructure, and service providers must interconnect. Not only will this allow traceability and build a reliable data-source related to transport, but it will allow building a more reliable, real-time based, secure, cost- and price-efficient supply chain”.
  • SHIPNEXT began interconnecting and stepping into a strategic alliance with other solution providers, since a SEARATES — a leading marketplace for container logistics, AIRRATES, SPIRE — satellite and terrestrial data provider, AGROXY — an agricultural commodity marketplace, and many more, including insurance companies and banking platforms. All this should help launch a unique solution for world-wide cargo delivery regardless of its size and geographical location, based on bulk or containerized delivery, along with real-time pricing and multimodal logistics solutions, by late 2019.

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