Home Digitalisation LgMAR and SHIPNEXT sign a partnership agreement to revolutionise the Shipping market

LgMAR and SHIPNEXT sign a partnership agreement to revolutionise the Shipping market

LgMAR, a well known by the name of their Shipping related email software, and SHIPNEXT – a Digital Shipping Marketplace, have formed a partnership. This brings the shipping and chartering world to a new dimension, which majority of the companies were long looking for – digital interconnectivity.

In the last years Shipping sector in particular, and Transportation industry in general, had seen many individual startups trying to innovate the workflow. The problem, however, was that neither one of the solutions offered a complete set of solutions. It is these short-falls, that never actually allowed a broad use of any single solution, and so everyone stayed with their ever glowing data flow and, predominantly, emails.

Interconnectivity, however, has been heard in the air for over a year now. Just as blockchain hype started to transform into actual understanding of the concept and the technology, companies acknowledged the importance of interconnectivity as a way of securing reliability of data flows.

Since its start in 2016, SHIPNEXT developed a unique patented concept of processing emails, and structuring the data for instant Cargo-to-Ship matching, and further, optional, freight trading on the Digital Shipping Marketplace. This allowed its users to either manage their internal emails flows, or, optionally, have their internal data enforced with data from the Digital Exchange – SHIPNEXT Marketplace, adding thousands of Cargo and Open Ship positions from the Marketplace. Uniquely SHIPNEXT covers both heavy-lift, as well as dry-bulk and wet-bulk cargo. In a few months, however, SHIPNEXT will also allow instant comparison of break-bulk freight with those of container freights.

A normal manager would not be able to handle that much data at once, as information flow and cargo combinations result in thousands of emails and messages. So SHIPNEXT uses Natural Language processing, Machine Learning, Artificial Intelligence, and Big Data Analysis to help instant data processing, with the help of other data points such as fleet data and open positions, navigational restrictions, port costs and restrictions, weather, etc.

This, ultimately, will help brokers, shipping and logistics managers receive verified and reliable data right in their Work Station – TELIX.

TELIX, on the other hand, has been a product of choice in the Greek shipping community. It is a very sophisticated email software with tools required by the Brokers and other shipping professionals for communication and trading. Each of TELIXusers will not get an option to further enhance their Email Solution to more of a “Workstation”. This will, above all, allow instant Freight search, Cargo-to-Ship matching, access to over 17.000 daily open ship positions, port-related data, automated freight calculator, bunker and port costs, and more.

Optionally, through partnership between LgMAR and SHIPNEXT, each user of TELIX receives a chance for a seamless flow from receiving a freight request and down to creating an Shipping Contract and an Electronic Bill of Lading.

This cooperation will further empower Shipbrokers which will, as has been proof-tested, become some 7-8 times more efficient in managing their workflow.

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