bolero.net signs up Japanese shipping giants

Trade finance and data exchange system expands shippers'' e-commerce offerings.

Two of the world's largest shipping companies, NYK Line and MOL, have signed up to online trade finance platform bolero.net.

The two join a growing number of banks, container companies, trading houses and B2B exchanges and mining companies that have joined the system that allows anyone engaged in cross-border trade to exchange business data and documents securely over the internet, in a legally certain environment.

Both NYK Line and MOL have separately implemented a number of e-commerce solutions for their own activities within the shipping industry, and these are further complemented by their use of the bolero.net system. NYK Line, for example, has created the container portal, Pegasus, which allows NYK customers to interactively...

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