German container shipping major Hapag-Lloyd has joined its global counterparts as it introduced an electronic bill of lading to its worldwide clients.
In cooperation with Wave BL, a digital platform for supply chain partners, customers can go paperless not only with the bill of lading, but also with other vital trade documents, according to Hapag-Lloyd.
Specifically, the platform optimizes the flow of cargo in a blockchain-backed digital infrastructure, taking the place of manual workflows in exchange for a more secure, automated solution, where carriers can issue, possess, transmit and sign documents within minutes.
“We are reaching the next milestone in our journey of being a … digital carrier by providing a much needed electronic Bill of Lading release solution to our customers. The new tool will enable the secure and speedy electronic release of these documents,” Juan Carlos Duk, Managing Director Global Commercial Development of Hapag-Lloyd, commented.
Hapag-Lloyd expands Inmarsat Fleet Xpress contract
On 9 September, Hapag-Lloyd revealed it would renew its Fleet Xpress contract with satellite communications provider Inmarsat for a further five years.
The company committed 33 more ships to the very small aperture terminal (VSAT) service.