Terminal operator DP World has become the latest supply chain stakeholder to join the TradeLens blockchain-based digital container logistics platform, jointly developed by Maersk and IBM.
DP World says that it aims to connect all of its 82 marine and inland container terminals, as well as feeder companies and logistics divisions, with TradeLens. In 2019 DP World’s terminals handled 71.2 million TEU containers from around 70,000 vessels.
From the terminal operator’s standpoint, better access to data via the platform will provide improved visibility of container flows across multiple carriers, allowing for more efficient planning at its facilities. The move will also strengthen its own digital offerings via the Digital Freight Alliance, founded by DP World earlier this year to bring together logistics providers using the SeaRates.com, LandRates.com, and AirRates.com platforms.
“Our decision to team up with TradeLens is driven by our vision for intelligent logistics, reducing costs and creating value,” said Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Office of DP World.
“DP World is working to deliver integrated supply chain solutions to cargo owners, backed by our global network of ports, terminals, economic zones and inland operations. By working with TradeLens we will accelerate the digitisation of global trade.”
“Modernising the processes by which logistics operate is critical to building more robust and more efficient supply chains which will help economic development and generate more prosperity.”
DP World has already connected Cochin Port in India with TradeLens via API. Plans to collaborate with other DP World business units, including the feeder line Unifeeder, have also been initiated. More than 110 different operators’ ports and terminals are now directly integrated with the blockchain platform.
“It is very encouraging to see the continued adoption of the TradeLens platform among global logistics players as it helps global supply chain customers expand and explore the benefits of digital documentation flows,” said Vincent Clerc, CEO of Ocean and Logistics, Maersk.
“In turn, the broadened geographic scope of the platform provides new opportunities for TradeLens ecosystem participants to innovate and develop digital offerings on the platform.”