Global Container Terminals Becomes Member of TradeLens
- Business & Finance
Canada-based terminal operator Global Container Terminals (GCT) has joined the TradeLens supply chain platform, underpinned by blockchain technology.
TradeLens is a solution jointly developed by Maersk and IBM to apply blockchain to the global supply chain. It provides end-to-end supply chain information, facilitating data sharing, collaboration and improved trade flows.
By joining TradeLens, GCT intends to connect with supply chain partners including ocean carriers, beneficial cargo owners, and railways.
”As competition increases from other ports and customer demands intensify, we need to activate every solution to increase cargo velocity through our terminals and improve performance,” Doron Grosman, President & CEO of GCT, explained.
“We are thrilled to have GCT join TradeLens and connect to a flexible business platform designed to spur innovation. Integrating data with ports, terminals, logistics providers, shippers, and carriers is essential for the vision of TradeLens to realize new ways of working within a collaborative industry ecosystem,” Mike White, CEO of Maersk GTD and Head of TradeLens, commented.
TradeLens is said to be rapidly expanding with five of the world’s top six ocean carriers and ten of GCT’s ocean carrier customers committed to the platform.
“We are pleased to see more leading organizations from across the shipping industry sign on to the platform. As TradeLens evolves, it is critical more supply chain partners participate to facilitate an open and transparent approach to information sharing. This enhanced level of visibility and efficiency will ultimately benefit the entire industry and our customers.” Eyal Ben-Amram, CIO of ZIM, noted.
GCT operates four big ship ready terminals on the west and east coast of North America. Through GCT USA on the East Coast, the company operates two facilities — GCT New York on Staten Island, NY and GCT Bayonne in Bayonne, NJ. On the West Coast, GCT Canada operates two gateway terminals — GCT Vanterm and GCT Deltaport in Vancouver and Delta, BC.
The program will be rolled out in phases at all four of GCT’s terminals adding visibility to the east and west coasts of North America.