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Smart Shipping·Digital Logistics: Official Launch of CULINES Blockchain-Enabled Cargo Release Platform

2021-12-02

On December 2, the launching ceremony themed on Smart Shipping·Digital Logistics of CULINES Blockchain-Enabled Cargo Release Platform was held in our Shanghai Operation Center.

Bertrand CHEN (CEO at GSBN), Mr. GUO (Deputy General Manager of Business Process & System Division at COSCO Shipping Lines), Mr. Liu (Deputy Secretary of the CPC branch at hb56.com of Shanghai International Port Group), Raymond CHEN (Chairman and CEO at CULINES), Kevin DING (Executive Vice President at CULINES) and other distinguished leaders and guests of partners presented this ceremony.

With the support of COSCO Shipping Lines, the Shanghai International Port Group, and the branch on Blockchain technology of Ningbo Zhoushan Port Group, CULINES has been actively acting upon the initiative of the Chinese government with GSBN. The Blockchain-enabled cargo release has already been launched in our Shanghai and Ningbo offices. We will also take steps to apply this platform in other domestic and SEA branches. The processing of documents will be fully online for major imported e-commerce cargos in a contactless fashion. The average processing time will be reduced from 2 days to 4 hours. Therefore, apart from being time-saving, this platform could also play a responsible role in pandemic control, thus ensuring the smooth functioning of the global supply chain.

On last September 1, CULINES and GSBN successfully held the online signing ceremony of the cooperation agreement. CULINES is the first international shipping company to join GSBN other than the founding members. The launching of this platform represents our unremitting efforts to explore the application of GSBN functions as well as the Blockchain technology.

CULINES is striving to become a digital logistics company based on liner services. We have been embracing the digital transformation for faster development. Blockchain, Big Data, IoT, Robotic Process Automation and other cutting-edge technologies are all the magic ingredients we are using to innovate the way we operate. We will continue to explore the application of digitalization, so as to optimize our business process and offer clients convenient, secured, and reliable shipping and more diversified logistics solutions.