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October 21, 2019 9:15 AM, EDT

Global Container Terminals Joins TradeLens Blockchain Platform

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Global Container Terminals Inc., a North American container terminal operator, has joined the TradeLens supply chain platform, which uses blockchain technology, according to an Oct. 17 news release.

By joining TradeLens, GCT said it can securely connect with supply chain partners including ocean carriers, cargo owners and railways. The TradeLens technology platform provides end-to-end supply chain information, allowing data sharing and improved flow of information, GCT officials said.

Global Container Terminals

Doron Grosman, CEO of GCT, said as competition increases from other ports and customer demands intensified, the company needed to increase cargo velocity through terminals and improve performance.

TradeLens was announced in January 2018 by IBM and global shipping company Maersk. It is an open and neutral industry platform for global trade, using blockchain technology, according to TradeLens officials.

The platform, TradeLens officials said, promotes a more efficient, predictable and secure exchange of information to encourage and grow greater collaboration and trust across the global supply chain.

TradeLens has expanded into five of the world’s top six ocean carriers, and 10 of GCT’s ocean-carrier customers committed to the TradeLens platform. GCT said the program will be rolled out in phases at all four of GCT’s terminals, according to the news release.

Headquartered in Vancouver, British Columbia, GCT operates four big-ship-ready terminals in two principal North American ports. Through GCT USA on the East Coast, the company operates GCT New York on Staten Island, N.Y., and GCT Bayonne in Bayonne, N.J. On the West Coast, GCT Canada operates two gateway terminals: GCT Vanterm and GCT Deltaport in Vancouver and Delta, British Columbia. Transport Topics

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