Last week TradeLens
signed an agreement with Russia to run a pilot project with the Port of St Petersburg, Russia’s main shipping gateway. TradeLens is the container shipping documentation blockchain developed jointly by Maersk and IBM.
The deal follows the big announcement two weeks ago that two of the world’s largest shipping carriers
MSC and CMA-CGM signed up as TradeLens members. Both of them are in the world’s top five. Apart from Maersk, other shipping members include Maersk subsidiary Hamburg Sud as well as the world’s tenth and eleventh largest carriers Pacific International Lines (PIL) and Israeli shipper ZIM.
If all the members use TradeLens for every shipment, then it would represent almost half of the world’s container cargo.
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