Major Ocean Carriers Partner To Launch E-Commerce Solution

Nine of the world's leading ocean carriers are joining forces with Tradiant in a partnership that is designed to enable importers and exporters to greatly simplify the process of containerized transportation at a significant cost and time savings.

The carriers have collaborated with Tradiant in a multi-million dollar partnership to launch a new initiative in the first quarter of 2001. This is a completely neutral technology platform that will facilitate transactions between the various parties involved in international trade.

Carriers involved in the project include: APL; CP Ships the containershipping business of Canadian Pacific Limited — which includes ANZDL, Canada Maritime, Cast, Contship Containerlines, Lykes Lines and TMM Lines; Hanjin; Hyundai; K. Line; Mitsui OSK Lines; Senator Lines; Yang Ming; and Zim Israel Navigation Co.

•Negotiations are currently underway with other transportation providers that also may join as founding partners.

"This will fundamentally challenge the process of getting goods around the world," the carriers said. "Our common objective is to leverage this Internet platform and drive superior customer service and lower transactions costs for both customers and providers. This is truly realizing the promise of the Internet."

Maritime Reporter Magazine, page 15,  Feb 2001 Yang Ming

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.