Container shipping lines commit to apply electronic bills of lading 100% by 2030

Electronic Bills of Lading (eB/Ls) will be applied 100% by 2030 (Photo: Phaata)

DCSA said its nine container shipping members are committed to 100% electronic Bills of Lading (eBL) by 2030, replacing inefficient paper-based processes. DCSA's container line members include Maersk, MSC, CMA CGM, Hapag-Lloyd, ONE, Evergreen, Yang Ming, HMM and ZIM.

DCSA said that the move to eBL could save $6.5 billion in direct costs for stakeholders and enable annual trade growth of $30 to $40 billion by eliminating trade conflicts. In 2021, 1.2% of the 45 million bills of lading issued were electronic.

MSC said it launched the eBL program in April 2021 after a two-year trial period in India. The shipping line said that its blockchain-backed eBL program has processed hundreds of thousands of EBLs and is experiencing exponential growth.

“Reaching the 50% and 100% targets as per the DCSA announcement will only be possible if the entire maritime supply chain is on board. This is why MSC and the other DCSA carrier members are asking that all stakeholders – from shippers and forwarders to governments, financial institutions, and insurance agencies – work together to make the commitment a reality,” said MSC.

Thomas Bagge, Chief Executive Officer (CEO), DCSA said: “Document digitalisation has the power to transform international trade and requires collaboration from all stakeholders. I applaud the leadership of our members in coming together to achieve this important milestone.”

Soren Toft, CEO of MSC, said: “I am delighted that carriers are taking this big step towards paperless trade. Our industry needs to accelerate digitalisation to help make shipping more efficient, more secure and a better experience for our customers. On top of these benefits, moving to 100% eBL will contribute towards our climate goals, as we move towards net zero 2050.”

Vincent Clerc, CEO of A.P. Moller-Maersk, said: “This is an important step in the journey towards creating a digital standard of one of the most cost heavy and troublesome components in the shipping industry. A fully digitised bill of lading enables a more seamless customer experience across the supply chain and in turn it will help democratise trade and reduce time and costs for all involved parties. The need for digitisation in logistics is urgent, and the industry needs to speed up the process.”

Rolf Habben Jansen, CEO of Hapag-Lloyd, said: “We have been offering our customers electronic bills of lading since last year to simplify and streamline document handling for all stakeholders and to reduce our carbon footprint. The feedback from our customers has been very positive. The target of having 100% eBL by 2030 is an important part of digitalising global supply chains and will require a collective effort from the industry to make it a reality.”

Read more:

• FIT Alliance established to standardize Electronic Bill of Lading for the container shipping industry
• OOCL adopts electronic bill of lading to improve supply chain efficiency
• Shipping line ONE cooperates with WAVE BL to deploy electronic bill of lading (eBL)
• MSC deploys global electronic bill of lading (eBL)

Source: Phaata.com (According to Seatrade-Maritimes)

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