The Global Shipping Business Network makes its European debut

Hong Kong technology consortium, Global Shipping Business Network (GSBN), has announced its expansion into Europe by piloting its blockchain-based logistics platform, Cargo Release, in Rotterdam, the Netherlands.

The announcement builds on the momentum GSBN’s flagship solution has had following deployments in China and across Southeast Asia last year, serving more than 10,000 customers to date.

Cargo Release offers a paperless and transparent solution that connects everyone involved at the port of import, including shipping companies, consignees, their agents and terminals. According to GSBN, the platform would simplify data exchange and shorten uptime between parties through real-time updates, reducing the time it takes for cargo to be ready for release by days. a few hours away.

Bertrand Chen, CEO of GSBN, said: “Rolling out Cargo Release in Europe is an important milestone for GSBN and demonstrates the increasing pace of digital transformation in the shipping industry. Resilient and efficient supply chains have never been more important and the industry’s digital leap is key to achieving this.

GSBN was jointly established by major shipping lines and terminal operators including Cosco Shipping Lines, Cosco Shipping Ports, Hapag-Lloyd, Hutchison Ports, OOCL, SPG Qingdao Port, PSA International and Shanghai International Port Group.

Container terminal operator Hutchison Ports ECT Rotterdam (ECT), Cosco Shipping Lines, freight forwarder OOCL Logistics and trader SUMEC are involved in the pilot project in Rotterdam.