Hapag-Lloyd and Ocean Network Express (ONE) are joining the TradeLens meaning the blockchain-enabled digital shipping platform can count five of the top six container lines as members.
Developed by the world’s largest container line AP Moller – Maersk and IBM, the fifth and sixth largest container Hapag-Lloyd and ONE join MSC and CMA CGM as part of TradeLens. Of the top six largest container lines global only the fourth largest Cosco Shipping is not a member.
The new members help drive critical mass for TradeLens with it now counting over half the world’s container shipping capacity in its membership.
Martin Gnass, managing director information technology at Hapag-Lloyd, says: “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.”
With the addition of ONE it also strengthens TradeLens position in the Asian market through the Singapore-headquartered and Japanese owned line.
“We believe this innovative approach based on open standards and open governance can benefit the entire industry while ultimately benefitting our customers who rely on the world’s shipping industry to transport global container volume of more than 120m teu across international borders each year,” says Noriaki Yamaga, managing director, corporate & innovation for ONE.
Hapag-Lloyd and ONE will both operate a blockchain node and act as Trust Anchors. Both container lines will be members of the TradeLens advisory board.