Hapag-Lloyd and ONE join TradeLens blockchain platform

Ocean Network Express

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.

Read more: MSC and CMA CGM join TradeLens blockchain trade platform developed by Maersk and IBM

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.

Hapag-Lloyd has a containership capacity of 1.7m teu while ONE has around 1.55m teu.

Posted 2 July 2019

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Seatrade ShipTech Middle East 2019

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Marcus Hand

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Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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