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Shipping Agent Inchcape Adds Firepower to its Marine Services

Lorraine Warren by Lorraine Warren
December 9, 2022
in TRADING GUIDES
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Shipping Agent Inchcape Adds Firepower to its Marine Services
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Inchcape has launched a new version of 2.0 that focuses on portal data as well as ship-to-berth capabilities. Jeff Clark, the Vice President of sales and production said that the new service will offer customers unique and unrivaled transparency and market intelligence.

World of Ports started operating in 2007 and has been active since 2010. Jeff Clark said that the service was inspired by a customer’s request to have a dataset so in which their employees could use to make operations more efficient.

“That’s when we decided to come up with a one-stop solution for accurate data that can be trusted and used by all our clients,” said Clark.

Extensive network

The major difference of this system from those in other ports is that data is obtained straight from the Inchcape’s global agency network. The team running the service is controlled by a master mariner, who all have a lot of experience and knowledge with regards to marine operations.

World of Ports 2.0 serves over 40,00 ports and 16,000 terminals. It also approximately 36,000 separate berths across the world. The system is supported by a new vision that aims to provide the best decision-making tool in marine operations.

Optimal operations

For the next 12 months, the port data module will be monitored using a port cost estimator module. Market intelligence and port performance module. 

According to Clark, the three modules will assist marine assurance to benchmark and plan voyages in a way that could not be comprehended just a few years back.

The port data module allows charterers to carry out automated due diligence on all operations. The shipping agent aims at leveraging this technology to make the work of port operators more simple and efficient. One of the notable features includes an all-round search function that utilizes advanced search filters.

Saving time 

The functionality is dependent on a combination of AIS with Wop’s port dataset. The main aim here is to save time. This gives marine operators to focus more on the unlocking business. Clark opines that this service is particularly important for smaller companies.

“With this type of service, companies no longer need to gather and update information on their own. This will help them save a lot of time” said Clark

Additionally, tracking of vessels has been combined to make the monitoring and departure of vessels in the port easier across the world. To make it even better, the service uses geocoding technology for all ports, terminals, and berths in the world.

Record of port calls

The shipping agent also has a proprietary algorithm that gives customers a chance to know is the vessel is laden or not. The software is also able to predict the type of vessel and give an approximation of the cargo inside.

“The Geofencing feature within the application that allows customers to monitor and predict what’s being carried by vessel creates a high level of transparency to our customers,” says Clark. “This gives all our customer close to real-time updates about their cargo”

Custom alerts

Customization of port data comprises the ability to schedule alerts for all departures and arrivals. The alerts are also able to detect congestion and show is a ship is waiting at birth or not. Timestamps is another great feature available.

Ability to predicate uncertain situations

With the ever-increasing emission requirements, market shifting, and the rise in fuel prices, it appears that there’s a constant change in shipping. “The unforeseen disruptions and events are sometimes beyond our control. But our system’s ability to predict at the port level can make things much easier”, says Clark.

Lorraine Warren

Lorraine Warren

I’m a highly experienced and successful crypto author with over 10 years of experience in the industry. I have written for some of the biggest and most popular crypto publications, and my work has been featured in numerous books and magazines. I am a trusted authority on all things crypto, and my insights and analysis are highly sought after by both investors and traders alike. I have a proven track record of identifying opportunities early, and my advice has helped countless people make fortunes in the space.

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