Dubai based leading logistics organization DP World has performed early-stage integration with TradeLens a blockchain-backed digital container logistics platform, collectively created by A.P. Moller – Maersk.
The association between DP World and the TradeLens platform will further accelerate the digitization of global supply chains. DP World intends to unite all its 82 marine and inland container terminals, as well as feeder companies and logistics divisions with TradeLens. DP World’s terminals managed 71.2 million TEU (twenty-foot equivalent units) containers from around 70,000 vessels in 2019.
TradeLens combines data from the whole global supply chain ecosystem including shippers, port operators and shipping lines. It also strives to modernize manual and paper-based documents, replacing them with blockchain-enabled digital solutions.
For DP World the data from its combination with TradeLens will increase operational efficiency with improved clarity of container flows across multiple carriers. Such perceptibility constitutes confirmation of the transport modality that matches the port stay for each container, which in heavy transshipment or rail ports allow better yard planning. It will also increase the capabilities of DP World’s digital platforms designed to move the management of logistics online. The DF Alliance, SeaRates, LandRates and AirRates empower shippers to transfer cargo to and from anywhere at the click of a mouse, across DP World’s network and beyond.
“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. 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.”
TradeLens grants perceptibility across the whole supply chain, from booking to clearance to payments and is created on a wealth of input from the industry including direct integrations with more than 110 ports and terminals, 15+ customs authorities throughout the world and an increasing number of intermodal providers.
“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.”
“At its core the TradeLens business model is an open and neutral platform to spur collaboration and digitization between all parties in the supply chain ecosystem. We are excited to welcome DP World and eagerly await the creation of new potential ways of working for shippers and consignees in global trade. With 4 of the 5 largest global port operators actively engaged with TradeLens, the coverage of the ecosystem continues to expand rapidly,” Mike White, CEO GTD Solutions and Head of TradeLens
DP World has already combined Cochin Port (India) with the TradeLens platform through API technology. Strategies to cooperate with different DP World business units, including the feeder line Unifeeder, have also been begun.