Hapag-Lloyd and Ocean Network Express’ Integration onto IBM and A.P. Moller – Maersk’s TradeLens Platform

On June 24, 2021, Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) Pte. Ltd. announced they have completed integration onto the TradeLens platform, for a more timely and consistent view of logistics data for their containerized freight around the world. TradeLens is a neutral, third-party platform launched by IBM and A.P. Moller - Maersk to help modernize the world’s supply chain ecosystems and is run on IBM Cloud and IBM Blockchain. Hapag-Loyd and ONE join foundation carriers A.P. Moller-Maersk, as well as CMA CGM and MSC Mediterranean Shipping Company (MSC), who both completed their integration in October 2020. Cravath is representing IBM and A.P. Moller – Maersk in connection with the integration of the other carriers onto the TradeLens platform.

The Cravath team is led by partner George F. Schoen and includes associates Bethany A. Pfalzgraf, Katharine A. Patterson and Gabriel J. Rust Tierney on M&A matters; partner Michael E. Mariani on capital markets matters; and partner J. Leonard Teti II and associate Cecily Xi on tax matters.