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Mads Wacher Kjaergaard
Digital Lead
Copenhagen, Denmark
- +45 4436 6833
- mwk@bimco.org
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Electronic bills of lading (eBLs) are already transforming the iron ore trade
Published: 28 June 2023
“We don’t want to be a first mover on eBLs” is what we often hear – yet this is despite the first eBL systems having been around for more than 20 years.
Earlier this year, BIMCO launched the “25 by 25 pledge” where shippers commit to a target of moving at least 25% of a commodity on eBLs by 2025. BHP, Rio Tinto, Vale and Anglo American were among the very first to sign up to the pledge with Roy Hill and South32 coming on board recently. For iron ore alone, the campaign now covers 70% of the world’s total production. But the campaign is not just about iron ore – it is about increasing the number of commodities in the bulk sector that are shipped on eBLs.
Whether you are shipping jet fuel, grain or any other bulk commodity, we will be delighted to have a dialogue about eBLs with you – please get in touch.
