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First Vietnamese terminal joins TradeLens

First Vietnamese terminal joins TradeLens

Cai Mep International Terminal (CMIT), Vietnam, has joined the TradeLens digital platform blockchain technology, according to a 19 December announcement.

A joint venture between Vinalines, Saigon Port and APM Terminals, CMIT is one o the largest terminals in Cia Mep – Thi Vai. The deep-water gateway port complex currently accommodates mainline vessels with a capacity up to 194,000DWT/21,500 TEU connecting Vietnam directly with main markets in Europe, North America and Asia.

CMIT joins Tradelens with the purpose of adding a new digital platform to deliver best-in-class service, according to a statement.

“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.

Technical Paper: Can Collaboration and Blockchain Serve as Catalysts For Supply Chain Innovation?

“By way of illustration, a seafood container export from Vietnam to US has more than 30 shipping milestones and shipment data at more than 10 relevant entities with requirement of close tracking. When the cargo data is transparent and enabled seamless, real-time information sharing at different stages by different entities in global supply chain will increase considerable efficiency for global trade flows”, Nguyen Xuan Ky, CMIT Deputy General Director, revealed.

TradeLens is an open and neutral blockchain-based platform that is digitizing the global supply chain and transforming trade. It is the result of cooperation between IBM and Maersk.

It 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.



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