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Blockchain trade platform "TradeLens" expands in China

Maersk and IBM have started offering TradeLens, a platform for the shipping industry jointly developed using blockchain technology, in China. This was made possible after Maersk signed a partnership agreement with China Unicom Digital Tech in May. More than 10 Chinese companies have already joined the project. Although the specific company names have not been disclosed, the company says that "industry-leading Chinese companies, two port groups, and eight intermodal and inland transportation logistics companies" have joined.

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Airfreight Rate Continue to Rise

The Baltic Exchange Airfreight Index (BAI) shows rising rates from Hong Kong to Europe and North America, increasing year-on-year and slightly compared to May. In June, rates to North America rose by

CCFI Summary week 27

Ocean freight rates increased via the West Coast of North America (+6.1% week-on-week), Europe (+7.7%), via the East Coast of North America (+2.2%), and in Korea (+4.4%).

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