On 19 December, CMIT (Cai Mep International Terminal), a joint venture between Vinalines, Saigon Port and APM Terminals, became the first company in Vietnam to have joined the TradeLens digital platform, in support of the blockchain technology.
CMIT is one of the largest terminals in Cai Mep – Thi Vai deep-water gateway port complex, connecting Vietnam directly with main markets in Europe, North America and Asia.
The company joined Tradelens with the purpose of adding a new digital platform to deliver best-in-class service.
Developed in a collaboration between Danish shipping giant Maersk and technology giant IBM, TradeLens is an open and neutral blockchain-based platform that is digitizing the global supply chain.
The platform brings together all parties in the supply chain—including beneficial cargo owners, freight forwarders, inland transportation providers including rail and trucking, ports and terminals, ocean carriers, customs and other government authorities—onto a single, secure data-sharing and collaboration platform.
In the context of constantly increasing demand for high quality online services by our customers, along with the robust development of global digitalization, joining Tradelens enables immediate updates on cargo data, hence directly supporting our customers’ supply chain planning efficiency. Tradelens is the industry leader, supported by the major shipping lines in developing blockchain solutions,
…said Jan Bandstra, General Director, CMIT.
CMIT expects this move to contribute to encourage other terminals, its partners, customers and other business units in the local supply chain community to join this platform, hence promoting Vietnam’s foreign trade development.
So far, about 100 organizations across the industry, including Maersk, MSC, CMA CGM, ONE, Hapag Lloyd, have joined the platform.
