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Maersk Line Starts Digital Rate Distribution

  • Business & Finance

Danish container shipping giant Maersk Line has gone live with digital, fully-automated distribution of its contract rates and amendments, CargoSphere said.

The shipping company is now digitally distributing its rates to shippers, freight forwarders and NVOCC customers using CargoSphere electronic Smart Upload and Diagnostics Solution (eSUDS) and the CargoSphere Rate Mesh.

As explained, benefits of digital rate distribution include time and cost savings, improved data accuracy, online access to timely rates for better decision making, faster reconciliation of invoices and faster quoting to customers for freight forwarders and NVOCCs.

“We’re pleased to offer 100% digital rate distribution on the CargoSphere platform to improve rate management efficiency to the industry. This move is part of the Maersk Line digital transformation,” Carsten Frank Olsen, Senior Director and Global Head of eCommerce at Maersk Line, said.

“Digital ocean rate distribution removes many of the manual processes that have acted as a drag on rates management for many years (…) Having Maersk Line go live on the CargoSphere platform is a big signal of its intent to transform its own key processes and the industry solutions it takes to market,” Neil Barni, Managing Director of CargoSphere, commented.

CargoSphere, the neutral rate network for container shipping, provides contract and rate management solutions and the Rate Mesh connected network.

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