By: Fahd Omran
Cairo – Mubasher: Using blockchain technology in transport and logistics operations, a deal signed by A.P. Moller–Maersk Group and IBM in June, provides members of the maritime trade community with several benefits as the shipping and logistics sector seeks to adopt one of its techniques, CEO of Suez Canal Container Terminal (SCCT) has said.
Shipping companies and lines are looking to use this advanced technology that offers a safer and more credible platform as compared with the internet, Lars Vang Christensen told Mubasher.
Blockchain technology gives users a faster and more efficient way to get information, follow up on details, complete operations in booking, and use empty space in containers, Christensen explained.
The parent company, APM Terminals, has not activated the technology yet to set the date for implementing it at the SCCT’s terminal in East Port Said, but it is an important step in the digital transformation of shipping and transport logistics services, he said.
Christensen stressed that Maersk Group aims to boost its share of transit containers at the Suez Canal terminal this year to maintain operating levels despite the low competitiveness of East Port Said against the south and east Mediterranean ports due to fees.
The CEO previously said that SCCT was targeting a marginal growth in operational capacity, which currently stands at 2.5 million equivalent containers, at East Port Said Port this year on the back of Maersk Group, which raised its stake in the containers by 40% in 2017.
