Free Porn
23.9 C
Friday, July 19, 2024
Home News New member joins Global Shipping Business Network

New member joins Global Shipping Business Network

Global Shipping Business Network (GSBN), an independent technology consortium welcomes the New Land-sea Corridor Operation Co Ltd, (NLSC) as a new member.

The New International Land-Sea Trade Corridor (ILSTC) is a major trade and logistics passage established jointly by China and ASEAN members.

NLSC operates a pan-regional integrated transportation platform which orchestrates the transportation network between shipping ports in the east and south of China with the rest of Asia and Europe.

GSBN said NLSC aims to facilitate transportation and trade between countries that are part of the Regional Comprehensive Economic Partnership (RCEP).

Earlier, in May 2023, NLSC and COSCO Shipping Lines deployed GSBN’s Cargo Release in the Port of Chongqing, a dry port along the trade corridor.

In particular, Cargo Release is a paperless solution that connects everyone involved at the port of import including shipping lines, consignees and terminals, shortening the release procedure from 1-2 days to less than 4 hours.

Following its membership to GSBN, NLSC will embark on a Proof of Concept using blockchain technology to streamline the recognition of its House Bill of Lading with Master Bills of Lading issued by carriers to generate value for stakeholders across the supply chain.

Bertrand Chen, CEO of GSBN, commented, "To fully unlock the potential of new trade partnerships and routes, it is important to embrace digital technology and empower even more stakeholders across the supply chain. For instance, solutions like electronic Bill of Lading can extend to cover House Bill of Lading and many other downstream workflows."

Latest Posts

Two tankers on fire in Singapore after collision

Fire broke out on two tankers in Singapore waters today (19 July). The Maritime and Port Authority of Singapore (MPA) said that at 6.15am...

MSC commences inaugural flight from Milan to Hong Kong

MSC Air Cargo has announced the launch of its first commercial flight from Italy's Milan Malpensa Airport (MXP) to Hong Kong International Airport (HKG). The...

Evergreen vessel marks draft-record in Zeebrugge

Evergreen's container vessel Ever Greet successfully docked in the West Flanders port in Zeebrugge, Belgium on 17 July. Below the water level, the boxship of...

India launches maritime centre

India's Ministry of Ports, Shipping, and Waterways (MoPSW) is establishing the India Maritime Centre (IMC), a significant initiative under the Maritime India Vision 2030. In...

Maersk applies new PSS from Tunisia to West Africa

Maersk is introducing a Peak Season Surcharge (PSS) for all dry containers from Tunisia to West Africa destinations effective from 2 August. The Peak Season...