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The industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still leaves an enormous trail of paperwork and bureaucracy.
Under its new strategy, which includes the creation of an industry-wide blockchain-based trading platform, Maersk aims to expand its transport and logistics business in areas such as freight forwarding and trade finance.
It wants to provide end-to-end solutions for customers rather than just shipping a container from port to port.
Success of the platform depends on whether Maersk and IBM can convince industry players to sign up.
Port operators in Singapore, Hong Kong and Rotterdam, customs authorities in the Netherlands, Saudi Arabia, Singapore, Australia and Peru, and container carrier Pacific International Lines (PIL) are among the companies and organizations that have joined the platform, Maersk and IBM said in a joint statement.
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