TradeLens to launch in Russia with pilot in Saint Petersburg

Subscribe to our blog

St. Petersburg, Russia — A.P. Moller – Maersk and the Russian Ministry of Transport signed a Memorandum of Understanding on 5 June, enabling the launch of TradeLens in Russia. The blockchain-enabled platform, jointly developed by Maersk (through its subsidiary GTD Solution Inc.) and IBM, is expected to significantly facilitate international trade, not least by the inclusion of the Port of St. Petersburg, Russia’s main container gateway, as part of the pilot launch.

The agreement, signed by Maersk CEO Søren Skou and Mr. Yuriy Tsvetkov, Deputy Transport Minister and Head of Federal Maritime and River transport Agency, enables the implementation of TradeLens on the Russian market with the aim of introducing digital documentation flow in what is currently mostly paper-based transportation processes. With many Russian authorities also expected to join the platform, its benefits will soon be extended to many businesses.

“The main result of the implementation of TradeLens, according to our expectations, should be an increase in the transparency of the Contracting procedure by distributing information about supply and demand, conditions and operations between many participants of the transport and logistics processes,” said Mr. Tsvetkov at the signing ceremony.

“TradeLens offers unprecedented benefits to all parties involved in the transportation process by bringing full transparency of cargo moves and enabling seamless, secure sharing of real-time actionable supply chain information. The TradeLens platform fosters collaboration and trust while improving user experience and lowering costs through digitization. We are pleased to now start this journey in Russia, to expand the reach and value of our platform and its data to all ecosystem participants”, comments Mike White, CEO and Head of TradeLens for GTD Solution Inc.

Last week it was announced that more carriers will be joining the blockchain-enabled digital shipping platform, which will result in data for nearly half of the world’s ocean container cargo shortly available on TradeLens.

The TradeLens platform fosters collaboration and trust while improving user experience and lowering costs through digitization.
—Mike White, CEO and Head of TradeLens

With the St. Petersburg launch, TradeLens gains a significant presence in Russia. The platform aims to significantly facilitate the interaction between shippers and various regulatory and administrative bodies in the country, ultimately increasing the speed of cargo clearance and movement of goods across borders. TradeLens enables participants to connect, share information and collaborate across the container logistics supply chain ecosystem. Members gain a comprehensive view of their data and can digitally collaborate as cargo moves around the world, helping create a transparent, secure, immutable record of transactions.

With more than 100 participants on the platform today, TradeLens is already processing over ten million discrete shipping events and thousands of documents each week, providing shippers, carriers, freight forwarders, customs officials, port authorities, inland transportation providers, and others a common view of transactions, which can build trust. A commitment to data ownership rights and permissioned access to data helps ensure privacy and confidentiality while enabling users to collaborate more efficiently with real-time access to shipping data.

For further information, please contact:

Marko Mihajic

Regional Communications Manager, Europe

Phone: +48 695 999 687

E-mail: marko.mihajic@maersk.com

related content

Youredi to offer data connectivity services between supply chain entities and the TradeLens platform

Youredi is for clients who are looking to connect to TradeLens but have limited inhouse resources or knowhow. You now have the option to leverage a provider already experienced with TradeLens integrations.

read more

Information sharing communities for digitally enabled supply chain visibility

Cargo being transported can take different routes through logistics networks, within regions and globally. Therefore, the need for the many actors to be digitally connected is needed now more than ever.

read more

CMA CGM and MSC Complete TradeLens Integration and Join as Foundation Carriers

CMA CGM and MSC complete TradeLens integration and join as Foundation Carriers working with the IBM and Maersk shipping platform to Improve data sharing across the industry. With two more major shipping leaders actively sharing information, data on nearly half of the world's ocean container cargo is now available on a single blockchain-based data platform.

read more

stay informed, stay ahead

Explore how TradeLens is shaping the future of global trade. Learn how TradeLens can benefit you by clicking on the information below.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.