30 May 2023, Hong Kong SAR – Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium building a blockchain-enabled operating system designed to redefine global trade, welcomes Ocean Network Express Pte Ltd. (ONE) as its latest member. This follows a successful trial of GSBN’s Cargo Release with ONE’s customers.
As one of the world’s largest container carriers, ONE has been a pioneer in upgrading its enterprise architecture and developing digital solutions to improve customer experience and continue to enhance digitalisation. This is important not only for the reasons of facilitating global trade and adding value to customers, but also sustainability which is an increasingly vital issue to the whole industry.
By joining GSBN, ONE gains access to the consortium’s blockchain-enabled platform, which facilitates secure and trusted exchange of data between different parties across global shipping supply chains. This will enable trusted collaboration to enhance efficiency and create further value for ONE’s customers. The carrier will also benefit from GSBN’s growing ecosystem of members and applications on its platform including Cargo Release, which offers a paperless, highly efficient, and transparent solution connecting all parties involved at the port of import.
Bertrand Chen, CEO at GSBN, said, “The shipping industry is at a critical moment in time where digitalisation has the potential to enable a quantum leap. What’s needed to make this a success is trusted collaboration. We are pleased to be welcoming ONE who have been a pioneer in digital transformation and sustainability, and we look forward to collaborating to further contribute to the industry’s digital leap.”
Kosuke Wada, Executive Vice President at Ocean Network Express, said, “ONE is focused to enhance the overall customer journey through our digital services. With GSBN’s great effort in driving digitalisation across the shipping industry, we look forward to harnessing their trusted infrastructure to accelerate greater collaboration with the industry and enable better efficiency with applications such as Cargo Release, as well as unlock new value for our customers.”
Incorporated in Hong Kong, the Global Shipping Business Network (GSBN) is an independent, not-for-profit technology consortium to build a blockchain-enabled operating system to redefine global trade. The platform facilitates trusted collaboration between disparate and competing market participants, as well as enabling greater efficiencies and resilience. It also aims to expand the global trade ecosystem by creating bridges to new market participants including banks, fintech companies and other consortia, while supporting the development of technology-driven innovation as the sector makes the leap to digital.
The consortium was first founded by 8 global leaders in the global shipping industry accounting for one in every three containers handled in the world.
About Ocean Network Express (ONE)
Ocean Network Express (ONE) was incepted on July 7, 2017 following the liner service integrations of Kawasaki Kisen Kaisha (“K” LINE), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK). The new entity functions from its global headquarter in Singapore, supported by regional headquarters in Hong Kong, Singapore, the United Kingdom, the United States and Brazil. Operating more than 200 vessels, it offers an expeditious and a reliable international network of over 130 services to 120 countries and beyond. ONE is the world’s seventh largest container carrier with a fleet size of approximately 1.52 million TEU. ONE is a member of THE Alliance (THEA), a global ocean carrier consortium.
For more information, please visit www.one-line.com
Edelman for GSBN
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