Nine sea carriers and terminal operators signed a MOU to form a consortium for the development of the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology.
Participants include CMA CGM, COSCO Shipping Lines, Evergreen Marine, OOCL and Yang Ming; terminal operators DP World, Hutchison Ports, PSA International and Shanghai International Port; and the CargoSmart software company. The new platform will connect all stakeholders, including operators, terminal operators, customs agencies, shippers and logistics service providers to digitize their supply chain.
CargoSmart has started the establishment of the blockchain consortium and will employ big data analysis, artificial intelligence, the Internet of Things and blockchain technologies to develop the system. The first planned application will allow shippers to digitize and organize their dangerous goods documents and automatically connect with interested parties to simplify the approval process. The application is scheduled to be available in December 2018.
In August, A.P. Moller – Maersk and IBM presented their global blockchain solution TradeLens, with 94 organizations already participating. The companies announced their joint venture in January of this year after working on the concept since 2016. Early adopters include more than 20 port operators and terminals worldwide, including PSA Singapore, International Container Terminal Services, Patrick Terminals, Modern Terminals in Hong Kong, Port of Halifax, Port of Rotterdam, Port of Bilbao, PortConnect, PortBase and terminal operators Holt Logistics at the port of Philadelphia. They join the global network of APM terminals for piloting the solution in over 230 maritime gateways worldwide.
The following executives registered for the development of the CargoSmart system at the signing ceremony at the China International Import Expo in Shanghai on 6 November 2018:
Rodolphe Saadé, Chief Executive Officer and Chairman, CMA CGM
Wang Haimin, Managing Director, COSCO SHIPPING Lines
Matthew Leech, Chief Operating Officer, Port and Terminals, DP World
Lawrence Lee, President, Evergreen Marine Corporation
Ivor Chow, Director – Corporate Finance & Business Development, Hutchison Ports
Andy Tung, Co-Chief Executive Officer, Orient Overseas Container Line
Tan Chong Meng, Group Chief Executive Officer, PSA International
Yan Jun, President, Shanghai International Port (Group)
Bronson Hsieh, President, Yang Ming Marine Transport Corporation
Steve Siu, Chief Executive Officer, CargoSmart