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Zim Joins TradeLens Network
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Zim Joins TradeLens Network

Cargo carrier joins Maersk and IBM’s project

TLME News Service

ZIM Integrated Shipping Services has been announced as the latest firm to join the TradeLens blockchain shipping system developed by Maersk and IBM.

ZIM reportedly joined TradeLens as a way of “continuing a push towards digitizing processes for greater efficiency and cost savings.”

Eyal Ben Amram, CIO of ZIM, said: “We are very pleased to join TradeLens as part of our vision to be at the forefront of digital innovation in shipping.”

The ‘blockchain-enabled’ TradeLens was launched by Maersk-IBM in August 2018.

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The company is already promoting digital shipping solutions including a blockchain-enabled electronic Bill of Lading initiative and has invested in the Ladingo e-commerce system, Amram said.

ZIM is now part of a network that includes more than 20 different port and terminal operators claimed by Maersk to have already joined the TradeLens chain, including APM Terminals, PSA Singapore and Port of Rotterdam.

Maersk’s TradeLens leader, Mike White, said: “ZIM will bring a strong ethos of digital innovation to the TradeLens ecosystem and we are thrilled to welcome the company’s team.

“TradeLens has made great progress in transforming shipping processes through technology that enables greater transparency and efficiency.

“What makes the solution so effective is its ability to deliver benefits while still allowing carriers like ZIM and others to maintain their competitive advantages. The more carriers and other ecosystem members that join the platform, the closer we come to bringing about a new era in global trade.”

Read more: IBM & Maersk Release Blockchain Solution