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November 12, 2018

Shipping giants preparing to launch global association?

The world's six largest container carriers are understood to be preparing to launch a new global association that aims to standardise industry practices as a way of making the sector more efficient.

The world’s six largest container carriers are understood to be preparing to launch a new global association that aims to standardise industry practices as a way of making the sector more efficient.

The new group comprises Maersk Line, MSC, Cosco, CMA CGM, Hapag-Lloys, and One, according to ShippingWatch. The purpose of the collaboration is to agree joint standards and best practice before independent solutions are developed.

While the six liner companies control the vast majority of the global container market – around 70% – the collaboration is said to be open to any others wishing to join.

The initiative comes at a time when all participants have an interest in finding joint solutions across some of the technologies to be developed over the coming years, according to ShippingWatch.

Last week, nine leading ocean carriers and terminal operators joined forces to develop an open digital platform based on distributed ledger technology designed to enable collaborative innovation and digital transformation in the supply chain.

The container shipping industry is often characterised by disparate processes that take place across both physical and digital domains. Companies are increasingly looking towards digital technologies to resolve siloed shipment management procedures and disruptive information gaps. The consortium is expected to offer a forum to address these challenges, explore cross-industry opportunities, and empower future innovation and insights.

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