CMA CGM and MSC to Join TradeLens Digital Shipping Platform

Global container carriers CMA CGM and Mediterranean Shipping Company (MSC) recently announced they will be joining TradeLens.

TradeLens is an open and neutral digital shipping platform underpinned by blockchain technology jointly developed by A.P. Møller – Maersk and IBM. The platform promotes the efficient, transparent and secure exchange of information in order to foster greater collaboration and trust across the global supply chain.

The TradeLens platform is supported by several major players across the global shipping industry. In total, there are over 100 organizations that use the platform, and there are now more than 50 ports and terminals connected with more than another 30 in the process of connecting.  TradeLens reported that they are processing over ten million discrete shipping events and thousands of documents each week. Now with the addition of CMA CGM and MSC, TradeLens is anticipating a boost for their vision of greater trust, transparency, and collaboration across supply chains to help promote global trade.

André Simha, chief digital and information officer for MSC, was quoted in a recent post by American Shipper, “Digital collaboration is a key to the evolution of the container shipping industry. The TradeLens platform has enormous potential to spur the industry to digitize the supply chain and build collaboration around common standards. We think that the TradeLens Advisory Board, as well as standards bodies such as the Digital Container Shipping Association, will help accelerate that effort.”

Rajesh Krishnamurthy, executive vice president of IT and transformations at CMA CGM, also shared, “Digitization is a cornerstone of the CMA CGM Group’s strategy to provide an end-to-end offer tailored to our customers’ needs. We believe that TradeLens, with its commitment to open standards and open governance, is a key platform to help usher in this digital transformation.”

Read more about it at here at American Shipper.