Ship operator Maersk, in conjunction with consultancy EY, data security firm Guardtime, and Microsoft, is to build a blockchain-based marine insurance platform to be rolled out from the beginning of next year.
Corrosion, mold and condensation (“rain”) in an ocean container are responsible for tremendous monetary losses. The reason for this loss is usually a humidity found for instance in the cargo, packaging or dunnage which is too high.
Loss-free delivery of cargo whether it's grapes from South Africa to Northern Europe, high-tech machinery from Europe to Australia or even clothing from China to Brazil, all cargoes need adequate protection.
Lloyd’s Register (LR) has released what it said were the first Type Approval Requirements for components within Cyber Enabled Systems on board Ships – Procedure for Network and Network-related devices.
In this article for Ship & Offshore, Lars Lange, Secretary General of IUMI, discusses the significant impact global innovations such as digitalisation, increased
interconnectivity, and automation have on the marine insurance sector.