19.3 C
Hamburg
Sunday, June 1, 2025
Home News GSBN, COSCO, OOCL, and SICIT partner to boost safety in chemical cargo transportation

GSBN, COSCO, OOCL, and SICIT partner to boost safety in chemical cargo transportation

Global Shipping Business Network (GSBN), an independent, non-profit blockchain technology consortium, announced its collaboration with COSCO SHIPPING Lines, Orient Overseas Container Line (OOCL) and the Shanghai Research Institute of Chemical Industry Testing (SICIT) to improve the safe transportation of chemical cargo through the use of blockchain technology.

GSBN noted that special cargo with designated goods, such as chemicals and lithium batteries, should be certified as safe to transport before they are handed over to logistics and shipping companies for export. “This is important because carriers will manage the transportation based on the corresponding certification to mitigate the risk of potential accidents and protect crew members,” said the consortium in a statement.

For exports from China, SICIT is one of the main organisations authorised to test and issue safe transportation certificates. Traditionally, shippers would collect the certificate from an accreditation body and provide the document either as a hard copy or as a scanned copy to the carriers.

“However, for the carriers and subsequent transportation companies in the supply chain, certificates shared in this form can be hard to verify, thus carrying risks such as mislabelling and fraud,” pointed out GSBN.

Here comes a new streamlined process that has been developed using GSBN’s blockchain-enabled platform to guarantee that safe transportation certificates and the information they contain can be confirmed from the original source and that the information is accurate and reliable.

To demonstrate this, the four partners have created a successful proof-of-concept with shipper Midea, one of the world’s biggest electrical appliance manufacturers.

Over GSBN, both COSCO and OOCL will be able to verify certificates obtained by Midea for their cargo directly with SICIT.

GSBN said its blockchain-enabled infrastructure ensures that the certificate data is immutable and structured, which can be verified as the single source of truth and this is expected to help reduce human mistakes, enhance the security of the cargo, and accelerate the process overall.

In the future, it can also facilitate the advancement in automated verification, as well as the circulation of reliable certificate data stored on the blockchain among multiple parties, according to a statement.





Latest Posts

The Indian Ocean Rivalry

The Indian Ocean has emerged as a strategic theater of competition between two Asian giants: India and China. India’s recent developments indicate a rapid expansion...

Statkraft advances plans for green hydrogen scheme at Hunterston

Europe’s largest generator of renewable energy has proposed the development of a green hydrogen facility at Hunterston, the former coal terminal in Ayrshire. Clydeport –...

Port of Bilbao wraps up busiest month for cruise traffic

May has marked a record month for cruise activity at the Port of Bilbao’s terminal in Getxo, with 18 cruise ship calls bringing over...

Tripoli port shutdown sparks maritime crisis in Libya

Libya’s shipping sector is teetering on the edge of collapse as fresh waves of political violence erupt in Tripoli, crippling key port operations and...

Klaipėda port embarks on green hydrogen initiative

Klaipėda Port launched its green hydrogen initiative, positioning itself as the first in Lithuania and the broader Baltic region to produce and supply green...
error: Content is protected !!