HMM, Korea’s largest and the world’s eighth-largest container carrier, has announced a strategic partnership with CargoX, a leading provider of electronic trade document solutions. This collaboration aims to integrate electronic bill of lading (eBL) functionalities into the HMM digital service platform, significantly enhancing the efficiency and security of global trade documentation.
According to an official release, HMM customers will benefit from the advanced capabilities of the CargoX platform, which will be seamlessly incorporated into HMM’s digital services. The integration is designed to modernise and streamline eBL workflows, offering a more efficient and secure method for handling global trade documents.
“We are delighted to announce the launch of our electronic bill of lading service in partnership with CargoX, a leading provider of electronic document solutions,” stated Kurt (Wonjun) Jang, SVP, Container Operation Office, HMM. “This new eBL capability will enable us to deliver an enhanced service to our customers and spearhead the digitalisation of the shipping industry.”
Bojan Čekrlić, CEO of CargoX, expressed similar enthusiasm: “We are thrilled to partner with HMM, a global shipping leader. This collaboration advances global trade by implementing efficient, fast, and secure electronic bills of lading. As the logistics industry digitises, we are proud to support HMM in leading this transformation.”
HMM customers can now generate eBLs within the HMM digital service system and transfer them globally via the CargoX Platform. The eBL lifecycle includes features such as transfer, surrender, and document acceptance, ensuring comprehensive support for all equivalent paper-based functions. Each eBL is recorded on a public ledger, providing secure and immutable documentation with audit logs always accessible.
Initially, the service will support electronic bills of lading in PDF format, with structured data eBLs based on the forthcoming DCSA eBL standard to follow. The HMM digital services platform and CargoX Platform integration will be available to all HMM customers globally from July 8, 2024.
