CMA CGM and MSC Mediterranean Shipping completed the investment in IBM-backed TradeLens.

Global container carriers CMA CGM and MSC Mediterranean Shipping completed the investment in IBM-backed TradeLens, blockchain-enabled shipping platform. Financial terms were not disclosed. “Digitization is a cornerstone of the CMA CGM Group’s strategy aimed at providing an end-to-end solution tailored to our customers’ needs. An industry-wide collaboration like this is truly unprecedented. Only by working together and agreeing to a shared set of standards and goals are we able to enact the digital transformation that is now touching nearly every part of the global shipping industry,” Marc Bourdon, CMA CGM Senior Vice President, Commercial Agencies Network.