GSBN expands Cargo Release rollout in Latin America
Cargo Release is a blockchain-enabled application offering a paperless and transparent solution connecting everyone involved at the port of import, including shipping companies, consignees, their agents and terminals, reducing the time needed for preparation documents for the release of a few days to a few hours.
Due to their proximity to North American and Latin American markets, Mexico and Panama are strategically important ports for world trade, with Panama and Mexico among the top ten countries by number of port terminals .
The latest announcement marks the one-year anniversary of Cargo Release, which first rolled out across China in 2021 and has since followed successful rollouts in Southeast Asia, Europe and, most recently, Latin America, serving more than 10,000 customers to date.
“As global trade continues to face a changing and increasingly dynamic environment, digitalization is playing a vital role in helping the shipping industry adapt. Mexico and Panama are strategically important locations for global supply chains, and we hope the deployment of Cargo Release will help further accelerate the digital leap the shipping industry is currently experiencing,” said Bertrand Chen, CEO of GSBN.
Cosco Shipping Lines, OOCL and global port operator Hutchison Ports are involved in the rollout.
“[Hutchison Ports is a] a company committed to pioneering innovation and modernized ports, we are proud to be one of the founding members of GSBN which continues to grow from strength to strength. This is important at a time like now when the shipping industry is undergoing a digital revolution and needs out-of-the-box solutions that address real-world challenges. From Southeast Asia to Europe, we look forward to extending the proven benefits of Cargo Release to our Latin American customers,” said Carlos Del Castillo, COO at Hutchison Ports Mexico.
FJared Zerbe, CEO of Hutchison Ports Panama, said, “Launching Cargo Release for our customers in Panama is key to our culture of innovation and customer service. As a founding member of GSBN, we are proud to be part of this announcement, especially at a time when digitalization of processes has become a key factor in improving transport chain transparency and efficiency. process.
“The adoption of Cargo Release is key to reducing bottlenecks facing the industry and its latest rollout in Latin America ushers in a modern era for global commerce,” said Zhang Chi, General Manager of Americas Commercial Division. Latin/Africa at Cosco Shipping Lines.