Varamar Group launches digital cargo solution

Varamar Group has launched what it claims to be the first independent online platform for the global freight market, to save time and money for users in the shipping industry, Ukraine. In phase one, Sipnext, endorsed by Baltic and International Maritime Council and European investment bank Dragon Capital, uses software to read an emailed cargo request or ship position and match cargos with ships using 70 various databases and algorithms
October 2, 2017 Read time: 1 min

Varamar Group has launched what it claims to be the first independent online platform for the global freight market, to save time and money for users in the shipping industry, Ukraine.

In phase one, Sipnext, endorsed by Baltic and International Maritime Council and 4270 European investment bank Dragon Capital, uses software to read an emailed cargo request or ship position and match cargos with ships using 70 various databases and algorithms, minimising human error. It also carries out route checks and calculates ship and port data, distances, restrictions, risk zones and rules of carriage by sea.

The next phases will be rolled out over the next 18 months with shipnext integrating various aspects and sectors of the market from tendering and negotiations, contract management, reporting, post fixing and operations. It will also provide banks with real-time charter rates, statistics and analysis.

Classification & Data Collection

For more information on companies in this article

Related Content

  • Governments must look beyond short-term spending of public funds
    February 2, 2012
    Phil Pettitt, Chief Executive of innovITS, the UK's ITS Centre of Excellence, argues that governments need to look beyond the short-term when looking to pump-prime economic recovery with public funds. It seems, in the current economic climate, that a 'good' day is one in which no company is announcing job cuts or going into administration. Consumer demand is down and businesses are retrenching, cutting costs and fretting over the consequences of shrinking opportunities and order books. It has not been this
    Read More
  • ITS advancement lays beyond benefit-cost analysis
    May 29, 2013
    Shelley Row, former Director of the US Department of Transportation’s ITS Joint Program Office, gives her views on the way forward for the industry. We, as intelligent transportation system (ITS) proponents and engineers, tend to be overly fixated on benefit-cost data. We want decisions to be made on logical grounds for which benefit-cost calculations are optimal. While benefit-cost data is necessary, it is not always sufficient. We can learn from our history where we see three broad groups of ITS deploymen
    Read More
  • FTA calls for greater reliability on road network following improvements at Dartford
    October 14, 2015
    Drivers using the Dartford Crossing at peak times are saving around an hour and a half every week thanks to Dart Charge, according to Highways England. New figures released by Highways England show that journeys over the Dartford Crossing, which cost £62million (US$95 million) to convert to free-flow tolling, are up to 56 per cent faster than before payment barriers were removed. Drivers at peak times save up to 14 minutes southbound and seven minutes northbound.
    Read More
  • After two decades of research, ITS is getting into its stride
    June 4, 2015
    Colin Sowman gets the global view on how ITS has shaped the way we travel today and what will shape the way we travel tomorrow. Over the past two decades the scope and spread of intelligent transport systems has grown and diversified to encompass all modes of travel while at the same time integrating and consolidating. Two decades ago the idea of detecting cyclists or pedestrians may have been considered impossible and why would you want to do that anyway? Today cyclists can account for a significant propor
    Read More

Highlighted Content