GSBN launches Cargo Release to boost supply chain visibility

GSBN launches Cargo Release in China

The Global Shipping Business Network (GSBN) has launched the first application of its Cargo Release system in China, following the consortium’s incorporation earlier in 2021.

Cargo Release offers a paperless, highly efficient and transparent solution connecting everyone involved at port of import including shipping lines, consignees, their agents and terminals.

By eliminating the need for paper, it simplifies data exchange and shortens operation time among parties with real-time updates, cutting the time for cargo to be document ready for release from days to a matter of hours.

The rollout is particularly timely given the current high demand and pressure on supply chains. Therefore, any gain in reducing the turnaround time is of significant benefit to shippers.

It has already been deployed in the real world by industry leaders COSCO SHIPPING Lines, OOCL and SIPG. Hapag-Lloyd will also participate with a pilot in Q3 2021.

Bertrand Chen, CEO at GSBN, said, “Like the early days of cloud technology, the shipping industry is on the cusp of an exciting revolution where major efficiencies will be unlocked, and significant value will be created.

“This announcement is a milestone for global trade as this sector steps into the next digital era. The deployment of Cargo Release in China is of major significance as one of the most important markets for import and export in the world.

“This is just the beginning as we scale up and launch into new markets later in the year.”

Juliana See, Managing Director Area Greater China of Hapag-Lloyd (China) Shipping Ltd., said, “We are delighted to be a part of China’s drive to further automate its logistics and supply chains.

“GSBN and the roll out of Cargo Release reflects the window of opportunity for the shipping industry to make the digital leap into a new era of global trade.”

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