Senior Technology Editor

OOCL Logistics has partnered with the financial technology platform Stenn to offer shippers a trade finance product, the latest such solution to enter a market looking to capitalize on the difficulty shippers have in financing the goods they move across borders.&nbsp; The partnership will see OOCL Logistics, a third-party logistics provider (3PL) spun off when&nbsp;container line OOCL was sold to the COSCO Group in 2018, offer&nbsp;buyers and suppliers access to invoice-backed capital and payment services.&nbsp; The integration with Stenn will&nbsp;allow suppliers to receive payment from invoices within 72 hours of a shipment departing, while buyers will get better payment terms...

Development of trade finance tools for small and medium-sized shippers continues to grow, evidenced by OOCL Logistics launching a trade finance platform with fintech provider Stenn.

Logistics technology

Container lines

Forwarding

Supply Chain

OOCL Logistics joins growing group intrigued by trade finance potential

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Inland23: US-Mexico trucking costs rising with cross-border demand

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