Gsbt

Shipping  Early blockchain tech mover IBM and Danish shipping giant Maersk have announced a joint venture to digitize and enhance global trade efficiency and security using blockchain technology. One of the world’s oldest industries that has long been notoriously averse to adopt modern technologies is getting a blockchain revamp. In an  announcement  yesterday, IBM and A.P Moller – Maersk confirmed their intent to launch a new as-yet-unnamed company that will specifically develop blockchain technology built on open standards ‘designed for use by the entire global shipping ecosystem.’  The new company will be headquartered in New York. Supply trade chains and logistics are two particular industries ripe for disruption and are certain to instantly benefit from adopting blockchain technology. An immutable, shared ledger with multiple participants including suppliers, shippers, port operators and export/import authorities will help companies continuousl...

The SSV-175 Viktor Leonov is seen docked at a Havana port. (file photo) American officials say a Russian intelligence-gathering ship has been spotted patrolling off the East Coast of the United States, the first such operation since President Donald Trump took office, according to a report. The vessel was 70 miles off the coast of Delaware on Tuesday, heading north at 10 knots, an official told Fox News on condition of anonymity. The US territorial sea extends 12 nautical miles from the baseline, and that means the Russian ship was patrolling in international waters, the network said. The destination of the ship was not immediately known. The ship, the SSV-175 Viktor Leonov, last sailed near the US in April 2015, an official said. The Leonov, which is outfitted with high-tech electronic spying gear, is capable of intercepting signals, known as SIGINT, as well as measuring US Navy sonar capability, another official said. The ship is also armed with surface-to-air m...

Malaysian Prime Minister Najib Razak on Friday sent off a ship carrying tonnes of food and emergency supplies to Myanmar's Rohingya Muslims, saying their suffering would not be ignored. Najib has been an outspoken critic of the treatment of predominantly Buddhist Myanmar's Muslim Rohingya minority, calling on the government to stop attacks. The Myanmar government, led by Nobel Peace Prize winner Aung San Suu Kyi, has denied the accusations, saying many reports of violence against Rohingya are fabricated. It insists strife in Rakhine State, where many Rohingya live, is an internal matter. "This is a historic moment ... a noble effort that shows that all the pain and suffering of Rohingya in Myanmar will not go ignored," Najib said in a speech at a port near the capital of mostly Muslim Malaysia. "We hear their pain, those who have been raped, murdered and burned alive." Myanmar security forces launched a crackdown in the north of Rakhine State, on the b...