<img src="https://prod-cogoport.s3.ap-south-1.amazonaws.com/7928782654bd854eaabf72f874ad8196/Cogoport_7%20Facts%20About%20Shipping%20Industry_Blog%20creative-04%20%283%29.png" alt="interesting facts infographic" class="center" width=""> Reference:90% of Everything by Rose GeorgeStatista.comThe Internet!

7 Interesting Facts About the Shipping Industry!

7 Interesting Facts About the Shipping Industry: Insights & Surprising Stats

<img src="https://prod-cogoport.s3.ap-south-1.amazonaws.com/9791a798065e333ef39f37e51597eaee/alex-knight-199368-unsplash.jpg" alt="alex-knight-199368-unsplash.jpg" class="left" width="100%"> It has been an eventful week. Hurricanes and trade wars impacting supply chains and logistics operations in various parts of the world, and the capacity crunch impacting shippers and shipping companies alike. For me personally, the week was literally eventful. I visited the Netherlands India Business Meet event near our European headquarters in Rotterdam and had interesting conversations on opportunitites and trade between India and the Netherlands. I accepted an invitation to speak on the Multimodal Europe event, which will be in Rotterdam November 6 and worked on the presentations I will be giving at the ICT &amp; Logistiek (ICT &amp; Logistics) event in Utrecht November 7 and 8. Speaking about events, here are the events that caught my eye this week in shipping and logistics: The Capacity Crunch The Loadstar has been writing a lot about the capacity crunch this week. Major shipping lines are canceling sailings from Asia to Europe. One of the reasons cited is the early October Chinese Golden Week holiday. Some interesting highlights: According to this week’s World Container Index (WCI) from Drewry, the Asia to North Europe spot rate component was $1,662 per feu, which is 3% down on the previous period.The aggressive rate stance taken by CMA CGM and Maersk on the route, as well as others less publicly, including MSC, is due to a particularly bearish sentiment on forward booking prospects.--&gt; Slack season pressure could spark new Asia-Europe capacity crunch North European exporters are becoming increasingly concerned at the knock-on impact of canceled backhaul voyages in November, and fear a return to the capacity crunch last experienced during the alliance restructuring in April last year.--&gt; Backhaul capacity crisis fears as more Asia-North Europe sailings are blanked Container throughput in the five largest [Chinese] ports was up 6.8% to 40.9 million twenty-foot equivalents (TEU) in the second quarter. However, trade tariffs imposed on China by the US is increasingly seen as a roadblock to further growth.--&gt; <a href="https://www.freightwaves.com/news/sisi-global-ports">Maritime trade continued to see strong growth, but tariffs remain a risk</a>&nbsp; Demolition of container vessels so far this year is at a record 10-year low, with just 24 ships for 47,500 TEU sold for scrap. This compares with 120 vessels equating to 355,000 TEU sent to the breakers by the same point in 2017.TEU--&gt; Gloomy outlook for container charter market as cautious carriers cut capacity&nbsp; The Trade War between the US and China Another thing impacting shipping in a negative way is the ongoing trade war between the US and China. The US is still increasing tariffs. And we haven't seen the end of it yet. So far the impact on shipping has not been big, but that will change. Some interesting snippets: Following the latest round of tariffs introduced by the US and China this week, Drewry has reduced its forecast for global container volume growth from 5.7% to 4.3%.--&gt; Fears over future container terminal capacity as investors get cold feet China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump’s planned levies on $200 billion worth of Chinese goods.--&gt; <a href="https://www.reuters.com/article/us-usa-trade-china-response/china-hits-back-by-levying-tariffs-on-60-billion-of-u-s-goods-idUSKCN1LY22V">China to penalize $60 billion of U.S. imports in tit-for-tat move</a> and <a href="https://www.supplychaindive.com/news/tariffs-200-billion-imports-china-trade/532540/">Tariffs on $200B worth of imports from China start Sept. 24</a> Coming off of an all-time monthly high for United States-bound waterborne shipments in July, August levels, while still strong, were down slightly, according to data recently issued by global trade intelligent firm Panjiva. “The basic message is that Trump’s tariffs likely led to accelerated shipments in July instead of August and we may, therefore, have seen the peak of the year already,” said Chris Rogers, Panjiva research director.--&gt; <a href="https://www.supplychain247.com/article/u.s._bound_imports_are_down_sequentially_and_up_annually_in_august_reports">U.S.-bound imports are down sequentially and up annually in August, reports Panjiva</a> The Robots Are Coming And to end on a positive note: good news for us logistics professionals. We have nothing to fear from robots in the workplace. And the same goes for those not in logistics as well. Although some jobs will change and others will go away. According to the World Economic Forum (WEF), about 133m jobs globally could be created with the help of rapid technological advances in the workplace over the next decade, compared with 75m that could be displaced.--&gt; <a href="https://www.theguardian.com/business/2018/sep/17/robots-in-workplace-could-create-double-the-jobs-they-destroy">Robots in the workplace 'could create double the jobs they destroy'</a> Supply chain and logistics specialist positions are safe in the age of automation, according to WEF — in fact the report calls this field "emerging".--&gt; <a href="https://www.supplychaindive.com/news/WEF-report-supply-chain-safe-automation/532653/">Supply chain, logistics professionals are 'safe' from automation</a> Plans for an autonomous, purely electric container ship are making waves internationally as Norway positions itself as a global pioneer in alternative propulsion systems. The ‘Yara Birkeland’ will be the world’s first autonomous electric container ship, and will no doubt change freight transport at sea.--&gt; <a href="https://cleantechnica.com/2018/08/23/the-worlds-first-electric-autonomous-container-ship-to-set-sail-in-norway/">The World’s First Electric Autonomous Container Ship To Set Sail In Norway</a>

Capacity Crunches, Trade Wars, and Robots

Ocean Freight Roundup: Latest Trends, Rates & Market Insights

Launch of a New Consolidated Shipping Line - Ocean Network Express
1st of April 2018 marked the entry of another large container shipping line &ndash; Ocean Network Express (ONE), formed by integrating the businesses of NYK, MOL, and &ldquo;K&rdquo; Line.
The three companies have jointly invested USD 3 billion in the integrated business with 38 per cent of the share held by NYK, and the remaining 62 per cent split equally between MOL and &ldquo;K&rdquo; Line.
According to a press release, through the joint venture, the Japanese shipping lines will be able to provide better services, offer competitive rates, and optimize the utilization of their shared fleet of 230 ships having a carrying capacity of 1,440,000 TEUs. It will offer services to 100 countries, covering more than 200 major ports via 85 services.
An&nbsp;<a href="https://www.seatrade-maritime.com/asia/maersk-tankers-splashes-out-300m-nine-mrs-shi?highlight=Ik9jZWFuIE5ldHdvcmsgRXhwcmVzcyI">article</a> article in&nbsp;Seatrade Maritime News mentioned &ldquo;low oil prices, sluggish cargo demand, oversupply of trade capacity, and container freight rates at historic lows&rdquo; as the reason given for consolidation by MOL, NYK, and &ldquo;K&rdquo; Line. According to a&nbsp;<a href="https://splash247.com/ocean-network-express-jeremy-nixon-ready-april-one/">report</a> in The Loadstar,&nbsp;the newly formed company will be able to save costs amounting to USD 440 million in the first year of operations and almost double the savings going forth.
While we will only know at the end of the fiscal year how much of the estimated cost saving target has been achieved and whether the investment of USD 3 billion translates into improved bottom line, for now the merger seems to be working for the Japanese shipping giants. After the consolidation, ONE has emerged as the 6th largest container shipping line in the world. This puts it in line with the current reigning companies in container shipping - Maersk, MSC, CMA CGM, COSCO, and Hapag-Lloyd.
Other major mergers and acquisitions (2014 &ndash; 2017)
The shipping industry has seen many strategic mergers and acquisitions throughout its history. This trend has re-emerged after a hiatus of almost 7 &ndash; 8 years. In fact, since 2014, the industry has been witnessing a flurry of business consolidations in the form of joint ventures, alliances, mergers and acquisitions led by some of the top global container shipping lines.&nbsp;
Some of the major mergers and acquisitions during this period that have created new synergies in the industry are:
2014&nbsp;
<ul>
<li>Merger of Hapag Lloyd and CSAV's container business</li>
</ul>
2015&nbsp;
<ul>
<li>Hamburg S&uuml;d's acquisition of CCNI&rsquo;s container business</li>
<li>PIL's acquisition of Marina Express Lines</li>
</ul>
2016
<ul>
<li>Merger of Cosco Group and China Shipping. The merged entity has been rebranded as&nbsp; Cosco Shipping Holdings Co.</li>
<li>CMA CGM SA's acquisition of Neptune Orient Lines Ltd.</li>
<li>MOL, NYK and &lsquo;K&rsquo; Line announce business integration. Ocean Network Express (ONE), the new entity formed from the merger starts its operations from 1st April, 2018.</li>
<li>Maersk Lines' acquisition of Hamburg S&uuml;d. Hamburg S&uuml;d continues to operate as a separate brand after the acquisition.&nbsp;</li>
</ul>
2017&nbsp;
<ul>
<li>Hapag Lloyd's acquisition of UASC</li>
<li>Cosco Shipping's offer to buy OOCL. OOCL to continue to operate as a separate brand after the acquisition.&nbsp;</li>
</ul>
Source: joc.com
According to industry analysts, this is an effort by shipping lines to protect market share, enter new markets, optimize space utilization, and control operating costs. 
New Ocean Alliances &ndash; Another effort at business consolidation
In 2017, the industry also witnessed a restructuring of the Ocean Alliances. Partnerships that emerged after this reorganisation have further consolidated the industry, putting a major chunk of the market share in the hands of a few select container lines. Currently, according to the rankings on Alphaliner, more than 80 per cent of the container shipping market is controlled by the top ten shipping lines. Among them, 68 per cent of the container business is controlled by shipping lines holding the first 6 positions namely &ndash; Maersk, MSC, CMA CGM, COSCO, Hapag-Lloyd, and ONE.
<img class="center" src="https://prod-cogoport.s3.ap-south-1.amazonaws.com/6d0d10d31e8665df819de4dd0e84867a/Cogoport_M%26A%20Article_R1-02.png" alt="Container Shipping Line's Market Share" width="">
Source: Alphaliner.com
Impact of M&amp;A on the Industry 
While world markets and other industries seem to be expanding globally with new players entering the markets, the shipping sector seems to be doing just the opposite.
Looking at how the industry is consolidating, it raises concerns regarding survivability of smaller or independent operators in the business. Would they eventually be driven out of business &ndash; by way of acquisition by a market leader or by becoming uncompetitive like Hanjin Shipping in 2016?
This trend also raises a question on the market structure of the industry post all possible alliances have been formed. Will the business integration lead to trade route monopolies or at best an oligopoly market, thus limiting options available to shippers?
Shipping lines are citing reducing operational costs and utilising overcapacity as the main benefits of combining their businesses.&nbsp;
But, will these mergers and acquisitions really help them improve their operating margins, deliver the profits that the container&nbsp;shipping&nbsp;industry has been striving to achieve after the global recession in 2008? &nbsp;
A case in point is Hapag Llyods' acquisition of CSAV and UASC. The company&rsquo;s merger with CSAV in 2014 and its acquisition of UASC in 2017 has started to show results. An <a href="https://shippingwatch.com/carriers/article9680626.ece">analysis</a> by SeaIntel Maritime Analysis, shows that the German Carrier has lost out on efficiency by 11% with regards to volume of containers handled and number of land-based employees in 2017. Analysts cite the two mergers for the drop in efficiency.
While Hapag Lloyd is expecting a gain of USD 800 million as a result of the two mergers, according to the article in Shippingwatch it will come at a cost of cutting down manpower in the acquired companies.
Similarly, CSAV, Hapag Lloyds' major shareholder has also reported a loss of USD 201.4 million after the holding company&rsquo;s acquisition of UASC.
Results such as these raise doubt on the utility of mergers and acquisitions.&nbsp;
While this is just one example, soon results of other companies who have taken the M&amp;A route to increase profitability and improve service offering will be available.&nbsp;
Till then, the trade will have to wait and watch to see if the consolidation will have the desired impact on container shipping industry and help it weather the low and high tides of international trade
&nbsp;

Merger & Acquisition: Cure for Container Shipping

Mergers & Acquisitions in Container Shipping: Industry Consolidation & Impact

Standards are both important and difficult to achieve when it comes to logistics. There are so many parties involved. The importance of standards becomes apparent when we look at some of the best-known standards in the industry. Take for example the shipping container. Shipping containers have been used since the end of the 19th century, but they weren’t standardized until 1968 when the TEU was established. The same goes for wooden pallets. And still, there are many variations.<h3>Standardization. IT’s essential.</h3>With the digitalization of freight, the importance of IT standards has become apparent as well. There are many different IT systems used in the procurement, production, and distribution of products. Many of these IT systems (should) communicate with each other, which means they need to be connected. As many of these systems have their own “standards” the integration of these systems is challenging, to say the least. Digitalization has enormous potential, but all systems should be easily interconnected.<h3>Digitalization, standardization and interoperability</h3>I was glad to learn that 5 of the largest ocean carriers have announced the launch of a digital standards association that intends to achieve "digitalisation, standardisation and interoperability" in the container shipping industry. IT executives from CMA CGM, Hapa-Lloyd, Maersk, MSC, and ONE want to create common information technology standards, which are to be openly available to the whole industry.<h3>No worries, we have the platform</h3>The new association is non-profit and aimed at decreasing red tape and increasing transparency. They have also clearly stated that they do not intend to develop or operate any kind of digital platform. As a digital platform that is designed to make the ocean shipping process more efficient and transparent, Cogoport is looking at these developments with interest. Red tape and lack of transparency are some of the key issues in moving freight that our founders want to solve.<h3>Get on board, please!</h3>It’s good to see carriers are starting to work together to solve some of the inefficiencies in our industry. We hope more stakeholders will join this initiative, as standardization and interoperability will increase the potential of the digital landscape that keeps growing, moving closer to the efficient, transparent and free movement of freight across the globe.Let’s face it, it has been long overdue. And I think they should expand their joint effort beyond IT.<h3>Money on the Table</h3>Carriers should not only be working together on IT standards, but they should also work together on managing empty containers. Today carriers each have their own proprietary container pool. Some interchange takes place, but there is a lot of money left on the table.Empty containers have to be repositioned and there is nothing much we can do about that. The number of containers that need to be repositioned can be influenced though. What is needed is a shared pool of containers. Currently, shipping companies are moving empty containers from a yard in location A to their customer in location B, while a competitor is shipping an empty container from a yard near location B to their customer near location A. And this is not an exception.<h3>Location, Location, Location... and Visibility</h3>Visibility is key, though. Shipping companies need to make sure they know where containers are. Location data should be correct and up to date for empties. Sharing them can then prevent unnecessary movement of these empties and customers can be sent a container from the closest yard that has one available.This will decrease the number of miles empties need to be shipped, while also increasing the number of times a container can be loaded and shipped in a year. Everybody wins.

IT Standards? How About Pooling Empty Containers!

IT Standards for Empty Containers: Improving Efficiency in Shipping

In early December 2018, RBO received a grant from Innovative (MIT) subsidy from Province South-Holland to make this a universal Certified Food Tech &amp; Logistics platform.Royal Blue &amp; Orange International Trading (RBO Trading) has been working on a Certified Food Tech &amp; Logistics platform, ’From Farm to Fork’ solution around the world with specific tests, giving every farmer a chance to participate in growing their economy. They are excited to support the food industry and make the supply chain more transparent.RBO Trading has collaborated with Milvum and Cogoport in efforts to combine their knowledge and expertise to make a bigger impact. Cogoport is a digital freight moving platform which enables businesses to increase their presence by making shipment of goods across the globe a much simpler task.&nbsp;Sukai Ceesay, CEO of Royal Blue and Orange International Trading B.V. (RBO), in a discussion with Cogoport, talked about her business’s recent involvement with us. She is happy to have worked with us and shares how Cogoport made it easier for her to expand her business reach globally. Know what she shares about the grant, Cogoport and how it helped her expand&nbsp;-Tell us about your business?A:&nbsp;Royal Blue &amp; Orange International Trading B.V. (RBO Trading) is a certified ethical, social and circular economy product and equipment sourcing solutions in the Quick Service (fast food) Industry. RBO Trading is a globally approved supplier and in the vendor list of Domino’s Pizza International and other multinational and local food companies. RBO Trading also manufactures proprietary products for companies using social, environmental and circular economy ingredients/solutions. How has Cogoport helped your business and what problems does Cogoport help solve?A: RBO Trading is hoping to have Cogoport participate on our platform as a logistics solution for our customers who need it. How well does Cogoport meet your business needs?A: I reached out to Cogoport for the simple fact that they are not geared towards the Fortune 500’s. Its logistics solution is practical for the small and medium enterprises who need practical and cost-effective logistics. I am a believer that when you help the small and medium businesses, you will indirectly help the big companies. Having digital transaction receipts and transparent quotes and billing make Cogoport a solution for our times. Looking forward to working with this team…What two features of Cogoport are most valuable to you?A: I would have to say, the transparency of billing and reliability of quotes.How likely are you to recommend Cogoport to your colleagues?A: Highly likely! Otherwise, I will not be doing business with you :))

Royal Blue & Orange Trading with Cogoport

Cogoport & RBO Collaboration: Enhancing Global Trade Solutions

As one of the fastest growing startups in digital freight, we are always looking for bright people. One of our recent hires is Saurabh, who joined the Cogoport team to help out the business development team. He wrote a blog post about working at Cogoport.<a href="https://api.whatsapp.com/message/N4CI7UNDFE2ZM1?autoload=1&amp;app_absent=0&amp;utm_source=web&amp;utm_medium=blog&amp;utm_campaign=general" target="_blank"><img src="https://cdn.cogoport.io/cms-prod/cogo_public/vault/original/Blog Banner WA 1.png" width="auto" style="width: auto; height: auto;"></a>And now over to Saurabh:Life at CogoportI have been a Cogoport intern for the past couple of weeks now, and so far, it is unlike any of my other internships or professional experiences. The learning curve is huge, but the opportunities for learning and growth are endless. I remember applying for internships and Cogoport stood out to me because it was a startup that had come up with its own unique idea and was trying to break the status quo in the enormous logistics industry. Also, I have always dreamed of having my own business and could not think of a better place to learn from. At Cogoport I am a business development intern and am tasked with bringing in new clients as my primary responsibility. My development and progress are overseen by Varun Mahendru, the Regional Business Head at Cogoport.All Together NowCogoport has a defined hierarchy, yet it does not show. The heads of various departments, employees, and interns all sit together in the office. If a stranger was to walk in then they may not be able to tell us apart. It helps promote the culture of learning and taking on responsibility. The heads lead by example, and everyone in the office has always taken initiative and followed suit.<img src="https://cdn.cogoport.io/cms-prod/cogo_public/vault/original/Blog-Banner-Portal-3.png" alt="" width="300px">New Skills for New BusinessI had always heard that start-ups are a lot more hands-on, and I’m excited to be able to experience it first-hand now. This really came to light when in my second week as an intern Drupad Goswami, who is Head of Sales at Cogoport, called in the evening informing me that we would be going to Morbi (an industrial town) to conduct a drive that would get more clients on board.Diving in at the Deep EndSo far, I had spent one day calling clients, and one day meeting them. Now, I was being thrown into the deep end and had to attract clients who could bring a lot of business to Cogoport. As I said, the opportunities to learn and grow were immense.With coaching from Drupad and Varun I had my pitch locked down after the first couple of meetings in Morbi. After conducting over 40 meetings over the course of two days, I’d managed to get 12 new clients on board. My numbers were pale in comparison to the more experienced members of the Cogoport team in Morbi, but for someone who had been a part of the company AND industry for slightly more than a week… I was proud of the result.We Have Lift-off!After returning to Ahmedabad I was feeling much more confident when reaching out to potential new clients. There was no more nervousness. I was sure in my knowledge of the platform and industry.Cogoport was able to help me in accomplishing all this in a matter of two weeks. I’m eagerly waiting to see what I can learn and (hopefully) accomplish over the next two and a half months!

Cogoport Intern: Day in the Life!

A Day in the Life of a Cogoport Intern: Experience & Learning

Online market has made our lives easier than ever before. Online platforms offer everything from electronics, apparel, food to services such as healthcare, beauty, domestic needs etc., at the ease of your doorstep. It has become common for people of all age groups and backgrounds to use mobile applications and websites to satisfy their daily needs and cravings.
<a href="https://api.whatsapp.com/message/N4CI7UNDFE2ZM1?autoload=1&amp;app_absent=0&amp;utm_source=web&amp;utm_medium=blog&amp;utm_campaign=general" target="_blank" rel="noopener"><img style="width: auto; height: auto;" src="https://cdn.cogoport.io/cms-prod/cogo_public/vault/original/Blog Banner WA 3.png" alt="blogs_whatsapp_banner" width="auto"></a>
However, there is a sector which still remains unorganized and to a great extent, offline. The freight industry is huge and in most of the countries, the potential of this industry is still untapped. Making it an online marketplace could make the lives of vehicle owners and transporters easier by providing them a platform to connect with their potential customers and businesses directly to avail their services.
A slower rate of digital adoption by the Logistics industry brings in enormous risk even for the bigger players in the business. Over the next few years, the essential concern will be the race to build a dominant global platform that would determine the winners and losers in the truly digital freight industry.&nbsp;It would also mean letting smaller companies to have a global reach and to compete with the industry&rsquo;s established giants.
The following are the benefits that digital transformation of Logistics industry would bring about to the business as well as social and environmental aspects.
<ul>
<li>Digitally enabled information services puts data at the heart of the Logistics business with the help of initiatives like analytics and logistics control towers that helps in reducing the operating costs and in improving the efficiency of operations.</li>
<li>Digital adoption of freight industry will help in trade growth by creating digitally enhanced cross-border platforms. As a result, logistics companies can satisfy the growing need of customers for same day deliveries, and promotes the concept of city logistics which will give them an entry to mega-cities.</li>
</ul>
<img style="width: auto; height: auto;" src="https://cdn.cogoport.io/cms-prod/cogo_public/vault/original/Blog-Banner-Portal-2.png" alt="blog_banner" width="auto">
<ul>
<li>Technologies such as 3D printing and Crowdsourcing offer ways to create and practice newer means to process logistics. By harnessing concepts like autonomous trucks and drones, the delivery capabilities will increase and shipments will be efficiently processed and delivered.&nbsp;&nbsp;</li>
<li>Regenerative systems will foster more sustainable product life cycle, whereby reducing the environmental footprint by this industry, as the carbon dioxide emissions and air pollution will be under control.</li>
<li>If the enterprises take the initiative to analyze big data streams, they can derive new insights that can improve the operational efficiency and enables the launch of services like &lsquo;last-mile delivery&rsquo;. This requires companies to collect data along their value chain.</li>
<li>Digital transformation brings about shared capabilities such as shared warehouses, shared transport capabilities that will increase the asset utilization and saves a lot of time and energy.&nbsp;</li>
<li>Retailers get better insights about their customers through digital touch points. It also enhances the visibility of shipments that are both internally and externally sourced.</li>
</ul>
Industry stakeholders should take notice of the benefits and come together to prioritize digital transformation initiatives, given the potential for significantly higher value to be created for society and for the freight industry.

Freight Industry is Still Offline

Why the Freight Industry Is Still Offline: Challenges & Digital Solutions

<h2>Our Focus</h2>Cogoport accelerates the creation of value in global supply chains, fundamentally transforming how users engage, leveraging transparency and efficiency, as witnessed by a rapidly growing number of platform users.<h2>Customer First, Always</h2>Our technology team continues to build a world-class customer experience, and in this post, I would like to introduce our latest team addition, Flemming Frost, a business veteran whose experience will support and complement our tech-savvy product- and operations teams.With more than 35 years of business experience from the transport and logistics industry, earned in senior positions during three decades at Maersk / Damco (Copenhagen, Shanghai and The Hague), and more recently at Tesla (Silicon Valley), Flemming is well positioned to make Cogoport more customer centric, listening to feedback, not only through customers’ behaviour on the platform, but also engaging face-to-face. This is critical to our continued innovation and ambition to be inclusive.Flemming highlights: “I am excited to join Cogoport and see great opportunities to further the mission in areas like:·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Creating a global community bringing the best opportunities to all Cogoport users·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Achieving sustainable efficiencies through deep integration·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unlocking value by innovating and automating end-to-end processes·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enabling data-driven market- and performance transparency.”<img src="https://prod-cogoport.s3.ap-south-1.amazonaws.com/8d51b2f9bb66b7c864b359771232abf6/download%20%282%29.jpeg" alt="download%20%282%29.jpeg"><h2>The Only Way is Up</h2>Cogoport is accelerating the global growth, and Flemming’s experience in managing, developing, and improving complex logistics operations and turning suppliers into partners will make a difference to all Cogoport users. As Flemming sums it up:“For all users, Cogoport a single, independent platform across transport providers, a one-stop shop where shippers have full visibility of available options and all their shipments, a platform on which they efficiently and quickly can book containers”, adding: “Carriers get real-time visibility of demand, a very low acquisition cost, especially for small and medium-sized customers, as well as a lower cost to operate such business. Combined, this enables carriers to optimize their positioning in each trade.”Reflecting back on his years in the industry, Flemming adds:“I wish I had this platform at my disposal for the past 35 years!”.Naturally, we won’t argue with him.<h2>Welcome on Board</h2>In short, I’m happy to announce that Flemming Frost is our new President of Supplier Relations &amp; International Growth. He will work to further develop our partnerships with carriers and other suppliers, and to further our mission to simplify freight.Go team!

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