COSCO SHIPPING issues 100.000th electronic Bill of Lading, GSBN wins Digital Trade Gold Award at Global Digital Trade Expo
Since the beginning of this year, COSCO SHIPPING has provided secure and efficient blockchain-based electronic bill of lading services to over 7,500 customers. These customers include bulk transportation and oil transportation customers with large volumes, as well as those requiring diverse transportation services, and small, medium, and micro customers from various industries.
COSCO SHIPPING connects upstream and downstream partners through the Global Shipping Business Network (GSBN) platform, establishing an efficient and trustworthy digital ecosystem. The company works closely with ecological partners, integrates industry boundaries using data, and builds a new digital trade ecology based on mutual trust, making trade easier through digital empowerment.
DT Gold Award for GSBN at 2nd Global Digital Trade Expo
Additionally, at the recently concluded 2nd Global Digital Trade Expo, GSBN won the Digital Trade Gold Award (DT Award) for its business innovation of blockchain-based electronic bill of lading.
At the 1st China International Import Expo (CIIE) in 2018, COSCO SHIPPING Lines was one of the initiators and led the establishment of GSBN, aiming to combat industry fragmentation and create value for all participants through extensive connections.
As of October 2023, nearly 30 companies, including airlines, ports, third-party issuers, finance, and insurance, have officially joined GSBN. Based on GSBN, COSCO SHIPPING has launched a blockchain-based paperless cargo release product, deployed in major domestic hub ports, and promoted to a number of overseas countries, significantly reducing import cargo release time from 1-2 days to less than 4 hours.
COSCO SHIPPING (Europe) GmbH is the regional management company of the China COSCO SHIPPING Corporation in the European Region. The predecessor of this company, formerly known as ‚COSCO Europe GmbH‘, was the representative office of COSCO in Hamburg and registered and founded on February 15th, 1989, by the original COSCO Group in Hamburg, Germany. It was the first regional management company set up overseas by the COSCO Group.
The company’s business administration extends from Europe to North Africa, the Mediterranean and the region along the Black Sea, covering 64 countries in total. The scope of business comprises container transportation, break bulk cargo transportation, logistics services, terminal operations, ship technical services and ship fuel supply, etc. The company’s headquarters installed the Administrative & Personnel Department, the Strategic Development Department, the Supply Chain Development Department, the Department of Financial Management, the European Audit Division and the Break Bulk Transport Department, 6 departments all together. The company has 15 daughter companies in 12 countries, of which some are wholly owned and some are joint-venture companies. They are located in China, Germany, the United Kingdom, the Netherlands, Belgium, Finland, France, Italy, Turkey, Romania, Greece and Egypt.
www.coscoshipping.eu
About COSCO SHIPPING
China COSCO SHIPPING Corporation Limited (hereinafter referred to as COSCO SHIPPING Group or the Group) is an SOE headquartered in Shanghai. It is the merged entity of China Ocean Shipping (Group) Company (COSCO) and China Shipping (Group) Company (China Shipping).
As of Dec 31, 2022, the total fleet of COSCO SHIPPING comprises of 1394 vessels with a capacity of 113.82 million DWT, ranking No.1 in the world. Its container fleet capacity is 3.02 million TEU, ranking the third in the world. Its dry bulk fleet (437 vessels / 45.14 million DWT), tanker fleet (228 vessels / 29.18 million DWT) and general and specialized cargo fleet (175 vessels / 5.78 million DWT) are all topping the world’s list.
Thanks to its complete global service network, COSCO SHIPPING has become a top international brand. The upstream- and downstream links along the industry chain, such as shipping, terminals, logistics, shipping finance, ship repair and shipbuilding, have formed a sound industrial structure. The Corporation has invested in 56 terminals, including 49 container terminals, all over the world. The annual throughput of its container terminals amounts to 131.79 million TEU, taking the first place worldwide; the global sales volume of its bunker fuel exceeds 28.30 million tons, which is the largest in the world; and the container leasing business scale reaches 3.91 million TEU, the third largest in the world. Its offshore engineering manufacturing competence and vessel agency business are also leading in the world.
To serve the global trade and operate a global network, COSCO SHIPPING has been focusing on the establishment of a “3+4” industrial ecosystem, with shipping, ports and logistics as its foundation and core industries, and with shipping finance, equipment manufacturing, value-added service and digital innovation as the enabling and value-added industries. Based on that, it further aims to build a world-class integrated logistics service and supply chain service ecosystem.
https://en.coscoshipping.com/
COSCO SHIPPING Lines (Germany) GmbH
Am Sandtorkai 60
20457 Hamburg
Telefon: +49 (40) 36092-0
http://coscoshipping.de
Head of PR & Communications Europe
E-Mail: christian.klaus@coscoshipping.de
