Hapag-Lloyd and ONE joining TradeLens

Shippers now will have access to container carriers in all three major east-west space-sharing alliances through the digital shipping platform.

Hapag-Lloyd and ONE joining TradeLens

Shippers now will have access to container carriers in all three major east-west space-sharing alliances through the digital shipping platform.

Hapag-Lloyd and ONE joining TradeLens

Shippers now will have access to container carriers in all three major east-west space-sharing alliances through the digital shipping platform.

 

   Hapag-Lloyd and Ocean Network Express said Tuesday they will join TradeLens, a blockchain-enabled digital shipping platform developed by A.P. Møller – Maersk and IBM.
    TradeLens said the scope of the platform now extends to more than half of the world’s ocean container cargo as well as members of all three of the major space-sharing alliances in the major east-west trade lanes. In May, TradeLens said CMA CGM and Mediterranean Shipping Co. would join the platform, which also includes 3PLs, inland and intermodal transportation providers, ports and terminals in addition to ocean carriers as members.
    “Expanding digital collaboration is critical to the evolution of the container shipping industry,” said Martin Gnass, managing director of 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 collectively can accelerate that transformation to provide greater trust, transparency and collaboration across supply chains and help promote global trade.”
      
Noriaki Yamaga, managing director for corporate and innovation for Ocean Network Express, said, “We believe this innovative approach based on open standards and open governance can benefit the entire industry while ultimately benefiting our customers.” ONE is a joint venture of Japan’s three largest shipping companies: NYK, MOL and “K” Line.

   TradeLens enables participants to digitally connect, share information and collaborate across the shipping supply chain ecosystem.
   
“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,” said Vincent Clerc, chief commercial officer for A.P. Møller – Maersk.

We are seeing many more pricing requests for Southeast Asia and the Indian subcontinent. Few actually moved their supply chains outside of China because this will take time, especially for larger shippers. However, Taiwan and South Korea are in a unique situation: Some manufacturing had shifted to mainland China in the last decade due to lower costs, but that infrastructure is still in Taiwan and South Korea. Some manufacturing may temporarily shift back there until Southeast Asia infrastructure catches up. 

Drewry’s World Container Index, a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia, was down 1.4% to $1,351.15 per 40-foot container as of June 13.

Most Popular
Latest News
Social Media

Loading...

New World army ants stopped by CBP in Florida port

New World army ants stopped by CBP in Florida port

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

Hapag-Lloyd and ONE joining TradeLens

Shippers now will have access to container carriers in all three major east-west space-sharing alliances through the digital shipping platform.

Jul 02, 2019 on Dec 27, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

Hapag-Lloyd and ONE joining TradeLens

Shippers now will have access to container carriers in all three major east-west space-sharing alliances through the digital shipping platform.

Jul 02, 2019 on Dec 27, 2018AmericanShipper.com