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Digital Chartering Quickens Pandemic-induced Slowdowns

digital-chartering-quickens-pandemic-induced-slowdowns

SINGAPORE, May 31, 2021 /PRNewswire/ — Though COVID-19 did not immediately bring new technology in maritime, it nudged businesses practices more towards digital. In fact, the slowdown accelerated quicker adoption of digital procedures — with vessel chartering as a good example.

Traditionally, vessel chartering involves the long, drudging process of combing through high volume of shipbrokers’ offers. They typically work in tandem with ship and cargo owners and are confined within their network. Another drawback working with shipbrokers is the geographical limitations.

Marine Online’s platform eliminates all geographical restrictions. Both ship and cargo owners can source for their cargo or vessels just by inputting their requirements online. The platform’s embedded A.I and Big Data enables quick take-ups; effectively speeding up chartering processes and voyages.

Kenny Phua, Vice President of Marine Online’s chartering department, remarked: “As COVID-19 continues to disrupt our industry; we keep it moving through technology and constantly advocating its efficacy. Understanding it may be a major move for traditional businesses, our team of experienced professionals is ready to take clients through every step. It is also part of our initiative to encourage digitalised chartering – proven to simplify processes accompanied with cost-savings, as observed from our previous successful transactions.”

A recent charter involved cargo owner, Cacao Paramount Sdn Bhd, who posted their consignment bound for East Asia on Marine Online’s platform. They received a matching vessel notification shortly after. Pleased with the seamless process, a representative from Cacao Paramount said, “Marine Online’s platform made our vessel search efficient with their extensive listing of available vessels matching our specifications; widening our options.”

The shipowner agreed that sourcing for cargo is simpler with Marine Online’s platform. Shipowners just need to update available tonnage regularly to ensure accurate cargo matching. The platform also assures client authenticity – making Marine Online a safe platform for both ships and cargo owners for chartering needs.

About Marine Online (Singapore) Pte Ltd

Marine Online is the world’s first one-stop integrated platform specialising in maritime services for the global market. Launched in 2019, it has provided various maritime services through its revolutionary A.I and Big Data enabled platform to regional ship and cargo owners. With its portfolio of 8 major services, Marine Online shapes the future of maritime by using cutting edge technology to create business opportunities and connections. For more information, visit marineonline.com

CONTACT

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SOURCE Marine Online (Singapore) Pte. Ltd.

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

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