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Weathernews and Mitsui launch cargo matching platform

(l-r) Chihito Kusabiraki, Weathernews, with Masaki Saito, Mitsui (l-r) Chihito Kusabiraki, Weathernews, with Masaki Saito, Mitsui

Japan-headquartered Weathernews and Mitsui & Co. have announced that they have formed a joint venture called maruFreight, which aims to provide a platform for maritime companies to match cargo with the best available shipping options.

{mprestriction ids="1,2"}The launch of commercial services is expected to start in July 2018, combining the weather and maritime data analysis provided by Weathernews with Mitsui’s logistics and networking expertise to create a system to efficiently match cargoes with vessels in the tramper market.

The partners believe that the utilisation of IoT and Big Data technologies in international maritime logistics could drastically improve efficiency by streamlining current processes, with this product aiming to drive some of these improvements for cargo owners by assisting them in optimising their supply chain management.

“In recent years, a number of companies have been created to utilise ICT to match supply and demand for diverse means of transportation,” the companies said, in a statement.

“Until now, it has taken a lot of time and effort to make arrangements between shippers and tramper services in the maritime transportation industry. In response, we want to meet the needs of both shippers and shipping companies with simple and efficient matching procedures.”

The maruFreight service will be based out of Stamford in the US, and will initially be aimed at the European and US markets before subsequently being expanded to operate on a global basis.{/mprestriction}

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