MSC Invests in TRAXENS Container Monitoring
MSC Mediterranean Shipping Company has reached an agreement to back French start-up TRAXENS, a developer of cargo logistics solutions and creator of a container monitoring and coordination system.
Founded in 2012 and already backed by CMA CGM, TRAXENS will now also receive capital investment from MSC, with both container shippers also represented on the Board of Directors.
With a combined fleet of 4.5 million units, CMA CGM and MSC transport approximately 25 percent of the world’s shipping containers. The deployment of the TRAXENS devices across the fleets of both carriers will be announced in Q4 of this year.
Diego Aponte, President and CEO of MSC, said, “We see container monitoring as an important innovation in providing our customers with a high quality of service, while also being able to monitor our outputs accurately.
“We believe that shipping lines should naturally compete on service, but should cooperate in the area of technology and innovation,” Aponte said.
Rodolphe Saadé, Vice-Chairman of CMA CGM, added, “We recognized the need for more and better data coming from our containers quite a while ago. We are proud to have identified the potential of the TRAXENS solution early on. This is just a part of our global digital strategy.”
Michel Fallah, founder and CEO of TRAXENS, concluded, “We are of course delighted to have the backing of CMA CGM since 2012 and now of MSC. Our solution was designed from day one to be a global solution for all containers and all companies. This is an encouraging step towards setting a market standard.”
