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DP World joins Maersk and IBM’s blockchain platform

DP World joins Maersk and IBM’s blockchain platform
The collaboration has begun at Cochin Port in India

DP World has completed the early stages of integration with TradeLens, a blockchain-based digital container logistics platform jointly developed by A.P. Moller – Maersk and IBM, as the parties try to accelerate the digitisation of global supply chains.

The Dubai-based terminal operator aims to connect all its 82 marine and inland container terminals, as well as feeder companies and logistics divisions with TradeLens.

The blockchain platform brings together data from the entire global supply chain ecosystem including shippers, port operators and shipping lines, aiming to modernise manual and paper-based documents, replacing them with blockchain enabled digital solutions.

Sultan Ahmed bin Sulayem, group chairman and CEO at DP World, said: “Our decision to team up with TradeLens is driven by our vision for intelligent logistics, reducing costs and creating value. 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.

“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 the TradeLens platform via API technology. Plans to collaborate with other DP World business units, including the feeder line Unifeeder, have also been initiated.

The company is looking to improve operational efficiency with earlier visibility of container flows across multiple carriers.

Such visibility includes confirmation of the transport modality that follows the port stay for each container, which in heavy transhipment or rail ports enable better yard planning.

It will also expand the capabilities of DP World’s digital platforms created to move online the management of logistics. The DF Alliance, SeaRates, LandRates and AirRates aim to enable shippers to move cargo to and from anywhere at the click of a mouse, across DP World’s network and beyond.

Currently, TradeLens includes direct integrations with more than 110 ports and terminals including four of the five largest global port operators, 15+ customs authorities around the world and an increasing number of intermodal providers.

Vincent Clerc, CEO of ocean and logistics at A.P. Moller – Maersk, said: “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.

“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.”