DP World and TradeLens part­ner to digi­tise global sup­ply chains

The col­lab­o­ra­tion will help im­prove op­er­a­tional ef­fi­ciency with ear­lier vis­i­bil­ity of con­tainer flows across mul­ti­ple car­ri­ers

Logistics Middle East - - UPDATE -

DP World, a lead­ing en­abler of global trade, 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.

The col­lab­o­ra­tion will help ac­cel­er­ate the digi­ti­sa­tion of global sup­ply chains as DP World aims to con­nect all 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 (twenty-foot equiv­a­lent units) con­tain­ers from around 70,000 ves­sels. TradeLens brings to­gether data from the en­tire global sup­ply chain ecosys­tem in­clud­ing ship­pers, port op­er­a­tors and ship­ping lines. It also aims to mod­ernise man­ual and pa­per-based doc­u­ments, re­plac­ing them with blockchain en­abled dig­i­tal so­lu­tions. For DP World the data from its in­te­gra­tion with TradeLens will 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 en­able ship­pers to move cargo to and from any­where at the click of a mouse, across DP World’s net­work and be­yond. Sul­tan Ahmed Bin Su­layem, Group Chair­man and Chief Ex­ec­u­tive Of­fice of 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. 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.” “At its core the TradeLens busi­ness model is an open and neu­tral plat­form to spur col­lab­o­ra­tion and digi­ti­sa­tion 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 con­nected Cochin Port (In­dia) with the TradeLens plat­form via API tech­nol­ogy.

In 2019 DP World’s ter­mi­nals han­dled 71.2 mil­lion TEU (twenty-foot equiv­a­lent units) con­tain­ers from around 70,000 ves­sels. [Rep­re­sen­ta­tion image

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