CargoX, the provider of the fastest-growing electronic trade document platform, and CEBS Worldwide, a global integrator of business solutions and a former TradeLens integrator, launched a partnership to help corporations continue the digitalization of their bills of lading and trade document workflows even those in the MENA region.  Businesses that started using TradeLens for their eB/L have been scrambling to migrate their electronic trade document processing to a new platform since TradeLens unexpectedly announced the end of its service in December 2022.  While TradeLens was able to onboard global carriers — CMA CGM, MSC Mediterranean Shipping Co., Hapag-Lloyd, Ocean Network Express and Zim Integrated Shipping Services — it announced in November 2022 it would shutter due to a lack of a path toward profitability. TradeLens was also piloting projects in Oman and KSA.  Saudi Customs, in partnership with the Ministry of Communications and Information Technology, the General...

  TradeLens, a Blockchain enable supply chain platform has just issued the first bills of lading in UAE for both Safelin Freight and Fortuna in DMCC ( Dubai Multi Commodities Center) Safeline Freight and Fortuna DMCC  through TradeLens have accessed  digital issuance, transfer, and surrender of original bills of lading using blockchain technology. Combined, the two companies move more than 7,500 containers annually in and out of the UAE. TradeLens was jointly developed by Maersk and IBM. TradeLens allows an original bill of lading to be digitally issued directly from a carrier and moved electronically through its journey with all the stakeholders. This reduces the hassles of sending physical papers from one stakeholder to the other through a courier process, eliminates the costly possibility of documents getting lost or forged, and removes inefficiencies from manual processes. Mr. Ahmed Beyi, CEO Safeline Freight, stated, “I was amazed at how easy and fast I can control...

  At The World Economic Forum in Davos UAE’s DP World, a global end to end logistics provider announced that it would be utilizing the metaverse not for social networks, entertainment or enhancing customer experience but for increasing operational efficiency. This is the first time that a metaverse solution is being utilized in the logistics industry and for operational and educational purposes. The Metaverse, DPMETAWORLD, will aim to bring cutting edge virtual solutions to real world supply chain challenges driving both efficiency and transparency. Sultan Ahmed Bin Sulayem, Group chairman and CEO of DP World announced this during the World Economic Forum Annual meeting at Davos. The DPMETAWORLD platform will be launched at the end of 2022. Bin Sulayem said: “At DP World, we don’t respond to change – we think ahead and anticipate it. We know that the industries of the future will not be industries of the hand, but of the mind. So we have to deploy industry-leading solutions...