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The banking group HSBC has used blockchain to complete the first live trade finance transaction for a letter of credit with US food and agricultural conglomerate Cargill.

The Afro-Asian Economic Council (AAEC), founded in 2017, has launched a project to link Egypt, Kuwait and other North African countries to China's Belt and Road Initiative.

The International Maritime Organization's (IMO) Maritime Safety Committee (MSC) will meet for its 99th session, which will have autonomous vessels as its main focus.

Japanese shipping companies K Line and NYK Line have teamed up with Chubu Electric Power and Toyota Tsusho on establishing LNG bunkering business in Japan.

Landlocked Ethiopia has announced significant new steps to diversify its access to seagoing trade. Since the 1990s, it has depended almost exclusively upon the Port of Djibouti to handle its waterborne commerce, but it is making moves in Sudan, Somaliland, Djibouti and Kenya to create new options for Ethiopian shipping interests.

China plans to stop recycling foreign-flagged ships from 2019 as the nation toughens its stance on waste processing industries.

Lindø Port of Odense in Denmark has teamed up with two construction companies for an expansion of its facilities.

Swiss-based shipping major Mediterranean Shipping Company (MSC) has inked a 30-year concession agreement with Abu Dhabi Ports to establish a new container terminal at Khalifa Port, UAE.

Digitalization and blockchain technologies have been announced as major disruptors of how the containership industry works.

BIMCO's Documentary Committee approved a new set of standard bunker terms, developed by a cross-industry group, in New York on May 2. The BIMCO Bunker Terms 2018 improve on the previous edition with a maximum limit of the parties' liabilities – a key change that will lead to wider adoption of the contract, says the organization. 

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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