Members of the Digital Container Shipping Association (DCSA), including some of the world’s largest container lines, have committed to fully adopting electronic bills of lading (EBL) by 2030.
Gary Howard | Feb 15, 2023
DCSA said its nine container line members committed to 100% adoption of eBL by 2030, replacing less efficient paper-based processes. DCSA’s container line members are Maersk, MSC, CMA CGM, Hapag-Lloyd, ONE, Evergreen, Yang Ming, HMM and ZIM.
DCSA said the switch to eBL could save $6.5bn in direct costs for stakeholders and enable $30-$40bn in annual trade growth by removing trade friction. In 2021, 1.2% of the 45m bills of lading issued were electronic.
Related: MSC rolls out e-Bills of Lading worldwide
MSC said it launched its eBL programme in April 2021 after a two-year trial period in India. Its blockchain-backed eBL programme has handled hundreds of thousands of EBL and is experiencing exponential growth, the company said.
“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.
Related: Container shipping could save $4bn a year from 50% take-up of e-Bills of Lading
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 at 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 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, 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.”
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Reference: https://www.seatrade-maritime.com/containers/container-lines-commit-100-electronic-bill-lading-adoption-2030