Ocean Freight Contract Management Post-P3

By George Backwell
Monday, June 30, 2014
Intermodal container lift: File photo

The recent decision by Chinese antitrust authorities to block approval of the P3 Ocean Carrier Alliance has increased the demand for Ocean Contract Management. In response, Freightgate is offering free demonstration of its award winning Rate & Tender Management Tariff-Trek! Solution.

The proposed mega-alliance by the world’s three biggest shipping - Maersk, Mediterranean Shipping Co and CMA CGM would have created common tariff pricing to most of the world’s ocean ports. It was estimated the P3 alliance would have controlled 42 percent on the Asia-to-Europe route, 24 percent in the trans-Pacific trade, and up to 42 percent in the trans-Atlantic.

Now, says Freightgate, shippers are in a better negotiating position to control their ocean freight costs. With more freedom to negotiate favorable ocean freight contracts, it creates the added burden of managing ocean tariffs from multiple carriers.

Keeping track of the increases and decreases of rates and surcharges is a time consuming process that can be easily automated into a cost savings benefits with better efficiency. “With Logistics being the backbone of today’s commerce; distributing timely and accurate rating information to all stakeholders is absolutely vital. Doing so in a federated, yet global infrastructure that evaluated routing choices dynamically gives our customers considerable advantage,” states Martin Hubert, CEO & President Freightgate, Inc.

About Freightgate
Based in Huntington Beach, California, the Freightgate team has been developing Internet solutions for the freight and logistics since 1994, such as its industry-leading Logistics Cloud Platform, offering Supply Chain Collaboration & Visibility; TMS, Global Tender Bid Management; Least Cost Routing, Service Contract and Quote Management; Regulatory Compliance CBP and FMC; Automated eInvoice Audit and Payment; innovative What-If-Scenario Analysis tool; interactive online Sailing Schedule; BFN (Built for NetSuite) approved SuiteApps. Freightgate is ISO 9001:2008 certified.

For more information: www.freightgate.com/demo

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Concordia Maritime Posts Q2 Profit

Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel

Brown Named Bureau Veritas Communications Director

Nick Brown has been appointed Bureau Veritas’ new Communications Director, Marine & Offshore Division, the classification society announced.    Brown will take up the post from November 2,

New Products

A Sea Change in Waterjet Technology

Longtime waterjet propulsion equipment provider NAMJet introduces key advancements for the workboat sector. Back in 2011, when boat builder Birdon went looking

Servowatch to Debut New Software at SMM

Integrated ship control systems supplier Servowatch said it will use SMM to launch its new automation and control software, WINMON 9.   WINMON 9 is a singular,

Buy and Sell Vessels from a Mobile Device

The maritime software development company SDSD are launching a new web based VSnP - Vessel Sale and Purchase module, enabling Sale and Purchase brokers to buy and

Container Ships

Diana Containerships in Red, Suspends Dividend

Greece-based Diana Containerships Inc. has reported a second-quarter loss of $8 million, after reporting a profit in the same period a year earlier.   The shipping

Panama Canal: Assessing the Risk & Reward

The Panama Canal’s impact on shipping routes and vessel sizes since it opened in 1914 is undisputed. This will continue with the opening of a third channel for larger vessels in 2016.

New Container Facility at Krishnapatnam Port

Krishnapatnam Port, India's largest all-weather; deep water port on the east-coast of India has inaugurated CONCOR’s - Port Side Container facility – a Government of India undertaking.

Software Solutions

Servowatch to Debut New Software at SMM

Integrated ship control systems supplier Servowatch said it will use SMM to launch its new automation and control software, WINMON 9.   WINMON 9 is a singular,

Buy and Sell Vessels from a Mobile Device

The maritime software development company SDSD are launching a new web based VSnP - Vessel Sale and Purchase module, enabling Sale and Purchase brokers to buy and

Wärtsilä REvolution system takes sealing technology to New Level

The new Wärtsilä REvolution system is a digital management system that controls, monitors, records and analyses the performance of seals autonomously in real time,

Logistics

Container-on-barge Returns to Baton Rouge

Container-on-barge services have returned to the Port of Greater Baton Rouge to provide the petrochemical industry with another option to move its products.   Operated by SEACOR AMH,

Asia Dry Bulk-Capesize Steady as Owners Spurn Low Rates

Owners anchoring ships rather than fix at low rates. W. Australia-China capesize rates hit over two-month low. Freight rates for large capesize dry cargo ships

Damen Presents Decommissioning Vessels Concept

Damen Shipyards Group has announced its latest concept design: the Damen Decommissioning Series. The vessel will specialize in three core areas of the oil and gas

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1140 sec (9 req/sec)