operators have signed a shareholders’ agreement indicating their intention to
become shareholders of the proposed Global Shipping Business Network (GSBN).
COSCO SHIPPING LINES, COSCO SHIPPING Ports, Hapag-Lloyd, Hutchison Ports, OOCL,
Port of Qingdao, PSA International, and Shanghai International Port Group
symbolized the conclusion of an important step towards the GSBN’s official
platform for the shipping supply chain participants to work collaboratively to
accelerate the digital transformation of the shipping industry.
is yet to receive all regulatory approvals. It will operate as a
not-for-profit organization and offer a data exchange platform.
CargoSmart will be the technology solutions provider and platform operator for
platform will accelerate the sharing of verified logistics and cargo data,
streamline business operations across the whole supply chain, and create value
to each stakeholder,” Martin Gnass, Managing Director IT of Hapag-Lloyd, said.
practices in the shipping industry do not adequately address all terminal
operational details, leading to missed opportunities to improve overall
platform, we believe the GSBN will capitalize on new and existing opportunities
on the terminal side and expedite digital transformation in the industry,” Ding
Songbing, Manager of Strategy & Research Department of SIPG, said.
establishment of the GSBN, CargoSmart has conducted a number of
proof-of-concepts (PoC) to validate opportunities to generate value for the
participants in the GSBN.
eTradeConnect, the trade finance blockchain consortium facilitated by the Hong
Kong Monetary Authority (HKMA).
proved that the GSBN and its associated technologies will be able to bring
actual benefits to the industry.