TradeLens has secured more major shippers as Hapag-Lloyd and Ocean Network Express have signed on to the blockchain platform. The companies join CMA CGM and MSC Mediterranean Shipping Company on the network.
With the additions of Hapag-Lloyd and Ocean Network Express, the fifth and sixth largest carriers respectively, TradeLens now extends to more than half of the world's ocean container cargo.
“Expanding digital collaboration is critical to the evolution of the container shipping industry,” says Martin Gnass, Managing Director Information Technology at Hapag-Lloyd. “TradeLens has made significant progress in launching a much-needed transformation in the industry, including its partnership model. Now, with five of the world’s six largest carriers committed to the platform, not to mention many other ecosystem participants, we can collectively accelerate that transformation to provide greater trust, transparency and collaboration across supply chains and help promote global trade.”
TradeLens was launched to modernize the world's supply chain ecosystems. Many of the processes for transporting and trading goods are costly due to manual and paper-based systems. Replacing these peer-to-peer and often unreliable information exchanges, the platform enables participants to digitally connect, share information and collaborate across the shipping supply chain ecosystem.
“The addition of more leading carriers to TradeLens will help global supply chain customers expand and explore the benefits of digitization and deliver new opportunities to the increasing number of TradeLens ecosystem participants across the global supply chain. As a neutral industry platform, TradeLens offers supply chain visibility, ease of documentation and the potential of introducing new products on top of the platform. These attributes bring new opportunities for the Maersk transformation towards becoming an end-to-end container logistics company improving the experience and services we offer the customers,” says Vincent Clerc, Chief Commercial Officer, A.P. Moller - Maersk.