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After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade.Hong Kong-based Global Shipping Business Network (GSBN), a non-profit consortium focused on blockchain trade applications, is bullish on blockchain as a crucial logistics tool in the
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United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision.Maersk stated on Nov. 29 that it has begun taking immediate action to cease operations on
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Maersk recorded earnings before interest, tax, depreciation, and amortization (EBITDA) of $5.1 billion during the second quarter.A.P. Moeller-Maersk (OMX: MAERSK.B) stock traded 0.72% down around Kr 17,190 as of August 6, 2021, 12:52 p.m. CEDT. However, that should not dilute the fact Maersk stock has added approximately 96.46%, and 26.44%
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Maersk showed good performance in Q3 and recorded a lesser-than-expected revenue fall of 1.4%.Danish integrated shipping company Maersk AS (OTCMKTS: AMKBY) has reported profits in Q3 as the company rebounds faster than expected. The company released its 2020 Q3 earnings report on the 18th of November. After the news, the company’s stock
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Global Container Terminals (GCT), a container terminal operator in North America, has joined Maersk and IBM's blockchain shipping tool TradeLens.Adding four Canadian and U.S. terminals to the platform As part of the initiative, Vancouver-based GCT will gradually roll out the blockchain-based platform at the four terminals it operates, the firm
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