Two of the world's largest shipping companies, NYK Line and MOL, have signed up to Internet trade finance platform bolero.net.
Created by the world’s banking and logistics communities, bolero.net allows anyone engaged in cross-border trade to exchange business data and documents securely over the Internet, in a legally certain, environment.
NYK Line has implemented a number of e-commerce solutions within the shipping industry, such as the container portal, Pegasus, which allows NYK customers to interactively manage all the logistics of their cargo shipments online.
MOL employs a state-of-the-art IT network providing customers with instant access to information such as vessel and cargo tracking, scheduling, booking, and container control.
Masaru Satose, general manager of corporate planning at MOL says: “Being part of bolero.net is essential in today’s highly competitive environment. We will now be able to offer our customers and suppliers access to more efficient and highly secure systems that reduce costs for everyone involved in the trade chain.”