We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » GSBN’s Cargo Release rolls out across Southeast Asia
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

GSBN’s Cargo Release rolls out across Southeast Asia

GSBN’s Cargo Release rolls out across Southeast Asia
August 24, 2021
No Comments

Global Shipping Business Network (GSBN), the world’s first independent, not-for-profit technology consortium to build a blockchain-enabled operating system designed to redefine global trade, today announced that it has expanded its global footprint by rolling out Cargo Release to Hong Kong, Singapore and Laem Chabang in Thailand.

Cargo Release offers a paperless, highly efficient and transparent solution connecting everyone involved at the port of import including shipping lines, consignees, their agents and terminals. This product cuts the time for cargo to be document-ready for release from days to hours. Building on its success in China, Cargo Release is now being rolled out in Southeast Asia by port operators, Hutchison Ports and PSA International, covering major ports across the region.

Bertrand Chen, CEO at GSBN, said, “Southeast Asia is a strategically important hub for trade and the rollout of Cargo Release in the region marks an important milestone in the shipping industry’s digital leap. We are fully committed to supporting this push by harnessing our operating system to drive efficiency, resilience and trust across all market participants.”

The Southeast Asia shipping industry is experiencing tremendous growth, driven by the cross-border eCommerce boom. Singapore and Malaysia alone account for over 50% of the total cross-border eCommerce market in the region, and 55% of all online transactions in Singapore involve overseas sellers. The rollout of Cargo Release across Southeast Asia will help the industry meet the growing shipping demand and better capitalize on the cross-border eCommerce opportunities.

Shao Wenbin, Deputy GM at COSCO SHIPPING Lines Southeast Asia said, “As a founding member, it is great to see GSBN scale and maintain their momentum following their success in China. This expansion into Southeast Asia is pivotal in the consortium’s mission to redefine trade, by bringing the benefits of their operating system to strategically important trade hubs and markets. We look forward to GSBN extending their reach into even more regions around the world.”

Philip Ho, CEO at OnePort said, “As a port community working with key terminal operators in Hong Kong including Hongkong International Terminals Limited (HIT), Modern Terminals Limited (MTL) and COSCO-HIT Terminals (Hong Kong) Limited (CHT) to improve the efficiency of the business processes at the Port of Hong Kong, we are delighted to see that GSBN, also incorporated in Hong Kong, extend its reach across our thriving region. We look forward to integrating GSBN’s Cargo Release and OnePort’s electronic Release Order (eRO) platform, which will further remove the bottlenecks and pain points in an otherwise paper-based importing process in the Hong Kong port community, and collectively unlock new economic value in global shipping.”

Eddie Ng, Vice President (Group Cargo Solutions / Platform Development) at PSA International said, “Digital transformation is absolutely fundamental to the future of trade in Asia. As a founding partner of GSBN, PSA is pleased to support GSBN’s expansion into Southeast Asia. Cargo Release is a digital solution that has the potential to drive new efficiencies and support the region’s status as a thriving global trading hub. More importantly, Cargo Release demonstrates the value of trusted and secure sharing of data between supply chain ecosystem partners, and we look forward to participating in and supporting more of such initiatives.”

GSBN was founded by 8 global shipping lines and terminal operators accounting for one in every three containers handled in the world. The mission of the technology consortium is to build the data infrastructure needed to enable modern and efficient global trade.

Recently, GSBN signed a Memorandum of Understanding with eight major shipping port groups in China with the support of China’s Ministry of Transport and China Port Association, to accelerate the digital transformation of the shipping and logistics industry.

https://www.gsbn.trade/
Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
Transportation Technology Supply Chain Services
KEYWORDS GSBN
  • Related Articles

    UPS rolls out faster LCL service from Asia to U.S.

    Rolls-Royce lays out plans for autonomous cargo ships

    Descartes rolls out air-cargo screening alert

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

  • In Person: Steve Beverly of Penske

  • InPerson interview: Rob McKeel of Fortna

  • Shipping groups back bipartisan trucking overhaul bill

Now Playing on DCV-TV

89cfed30 8aac 4284 960d c8c8c1886e16

Have you checked your read rate lately?

DCV-TV 4: Viewer Contributed
No reads. Unaccounted for boxes. Boxes sent to the wrong place. A logistics nightmare! But this nightmare doesn’t have to come true. SICK’s linear line scan camera is what dreams are made of for your logistics operations. And if you’re worried about motion and vibration from conveyor belts...well, there’s no reason...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing