We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies.

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

The news is by your side.

- Advertisement -

TRADEGO: Nine Companies Set-Up To Digitalise Bulk Cargo Trading

Nine companies have indicated interest to establish an international digital document platform on bulk cargo trading.

They are Cosco Shipping Energy Transportation, China Merchants Energy Shipping, Sinochem Energy, China National United Oil Corporation, Macquarie, Bank of China, China Construction Bank, Saudi Aramco Energy Ventures, Mitsui & Co and Wanxiang Blockchain.

 

These companies have signed an agreement to set up joint venture TradeGo for establishing a digital international bulk cargo service platform based on blockchain technology.

 

- Advertisement -

- Advertisement -

TradeGo will operate an international digital document platform firstly in China.

 

- Advertisement -

ALSO READ  MT PRESTIGE FALCON: 16 Seafarers' Aboard Capsized Oil Tanker Off Oman Still Missing - Authorities

Açcording to a statement,  It will provide digital documentation services for bulk cargo trading and improve efficiency through the realisation of quick custom clearance and delivery, utilising blockchain technologies.

 

 

“The stakeholders of TradeGo are the leaders from energy, transportation, finance, metal and blockchain sectors, which will become the first batch of partners to develop the platform, and explore innovations for digital international trading of bulk cargos,” commented Cosco Shipping Energy Transportation.

 

 

 

 

Caption:

 

Cosco Shipping, Mitsui & Co, and Saudi Aramco are among nine companies are jointly establishing TradeGo, a digital platform servicing for international bulk cargo trading business.

 

ALSO READ  China Slams PIL,Cosco,CMA CGM,9 Others Over Arbitrary Shipping Charges
You might also like More from author

Comments are closed.