News / GSBN launched to 'accelerate the digital transformation of the shipping industry'

© Sheila Fitzgerald

Cosco, Hapag-Lloyd and CMA CGM have come together with terminal operators to form a new digital shipping initiative – the Global Shipping Business Network (GSBN).

It is described as a “not-for-profit joint-venture to accelerate the digital transformation of the shipping industry”.

Other signatories to the services agreement, now heading to regulators for antitrust clearance, include Cosco Shipping Ports, Hutchison Ports, Cosco subsidiary OOCL, the port of Qingdao, PSA International and Shanghai International Port Group.

OOCL’s technology arm, CargoSmart, will develop software solutions and ...