Hong Kong, 27 February 2025 – Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable growth in global trade with its data infrastructure and ecosystem of partners, is supporting a collaboration between IQAX and WiseTech Global to streamline electronic Bill of Lading (eBL) processes within CargoWise in a pilot with De Well Group.
The collaboration sees global logistics software solutions provider WiseTech Global integrate CargoWise, the leading logistics operating system used by the world’s largest freight forwarders, with IQAX’s eBL solution over GSBN’s data infrastructure. This enables freight forwarders to transfer and surrender eBLs directly within the CargoWise platform, without the need to access or switch to external systems.
De Well Group, a supply chain and logistics company, is the first to participate in the pilot. Carrier COSCO Shipping first harnesses IQAX to issue an eBL over GSBN, which enables the secure and efficient transfer of digital shipping documents. The new connection between IQAX eBL and CargoWise over GSBN enables users to complete the eBL transfer and surrender process within a single platform, CargoWise. With access to eBL structured data, logistic platforms can leverage GSBN to provide new features or better service to their customers.
“The integration of IQAX eBL with the CargoWise platform via GSBN allows us to manage the transfer and surrender of eBLs all in one place. This seamless integration significantly enhances the efficiency and user experience for us, also ensuring smoother, faster, and more secure document handling throughout the supply chain. Such streamlined approach reduces potential errors introduced when inputting data and switching between different systems,” De Well Group said.
“This streamlined process not only simplifies the user journey but also allows companies to focus on their core activities, ultimately boosting operational efficiency. The integration with CargoWise has only been made possible through GSBN’s secure and trusted infrastructure. Such integrations are essential to encourage more customers and freight forwarders to fully harness the eBL,” said Lionel Louie, IQAX Chief Commercial Officer at IQAX.
WiseTech Global’s solutions, including the CargoWise platform, are trusted by over 16,500 logistics organisations worldwide, including 24 of the top 25 global freight forwarders and 46 of the top 50 global third-party logistics providers (3PLs).
“This collaboration with GSBN and IQAX enables freight forwarders and 3PLs to request, receive and process COSCO Shipping eBLs without having to leave CargoWise, vastly simplifying and streamlining communication between shippers, carriers, and consignees. The pilot with De Well Group demonstrates that the adoption of eBLs, and replacing manual processes across multiple IT systems with a single user interface, enhances the user experience, reduces errors and subsequently increases productivity. Together, GSBN, IQAX, WiseTech, COSCO Shipping and De Well Group are proving the benefits and path forward for adopting eBLs. And we are excited about extending the collaboration to other carriers who have implemented IQAX eBL, such as OOCL,” said Andrew Cartledge, Interim CEO at WiseTech Global.
Bertrand Chen, CEO of GSBN, said: " This integration between WiseTech Global and IQAX over GSBN with eBL at the core, is a great example of how our infrastructure is enabling our growing ecosystem to adopt eBL without having to switch context from their preferred tools. Our mission is to fast track the adoption as much as we can by making the lives of users like De Well Group easier.”
ENDS
About GSBN
The Global Shipping Business Network (GSBN) is a neutral, not-for-profit consortium whose mission is to enable paperless, accessible and sustainable growth in global trade with its data infrastructure and ecosystem of partners. GSBN facilitates trusted collaboration between participants across the shipping industry to enable greater efficiencies, and paperless trade as well as supporting the shipping industry’s decarbonisation transition.
GSBN’s ecosystem includes shipping lines, terminals, banks, application developers and other consortia. The entire network accounts for more than half of the containers handled in the world. www.gsbn.trade
About IQAX
IQAX is a global information technology company that provides intelligent and digital transformation solutions using blockchain for enterprises in the logistics ecosystem. Backed by a strong heritage in container shipping, IQAX strives to foster a harmonized and connected global trade environment. As an industry leader, IQAX connects with shippers, freight forwarders, carriers, terminals, and financial institutions, and empowers them with digitized solutions to meet emerging business challenges throughout the supply chain. IQAX is an independent technology company wholly owned by Orient Overseas International Ltd. (HKEX:0316), which is in turn part of Orient Overseas Container Line (OOCL), one of the largest integrated international transport and logistics companies in the world.
About WiseTech Global
WiseTech Global is a leading developer and provider of software solutions to the logistics execution industry globally. Our customers include over 16,500 of the world’s logistics companies across 195 countries, including 46 of the top 50 global third-party logistics providers and 24 of the 25 largest global freight forwarders worldwide.
Our mission is to change the world by creating breakthrough products that enable and empower those that own and operate the supply chains of the world. At WiseTech, we are relentless about innovation, adding over 5,900 product enhancements to our global CargoWise application suite in the last five years while bringing meaningful continual improvement to the world’s supply chains. Our breakthrough software solutions are renowned for their powerful productivity, extensive functionality, comprehensive integration, deep compliance capabilities, and truly global reach. For more information about WiseTech Global or CargoWise, please visit wisetechglobal.com and cargowise.com.
About De Well Group
De Well Group is an end-to-end cross-border supply chain and logistics solutions provider, enabled by digital technologies designed for tomorrow’s business. De Well operates owned offices across Asia, North America and Europe. By leveraging our unique end-to-end service capability, extensive global network and user-friendly technology platform designed with deep customer insight, we offer industry-leading, integrated, digitalized and configurable solutions to meet the specific needs of our customers around the world. Our service offerings consist of international freight services and fulfilment services, which on a combined basis provide customers with integrated end-to-end cross-border supply chain solutions.
Press Contacts Edelman for GSBN Winnie Li
+852 2837 4758 gsbnglobal@edelman.com