Electronic shipping marketplace INTTRA has announced a 17% increase in container volume for H1, 2016 over the same period in 2015 as the number of container orders on its core transaction platform grew to record levels.
INTTRA's 17% volume increase compares to less than four percent growth in overall market container volume year-over-year through May, 2016, according to Container Trade Statistics.
INTTRA's container volume does not include container volume processed through the INTTRA eVGM Service that transmits messages from more than a thousand shippers to 47 ocean carriers in order to facilitate compliance with new International Maritime Organization (IMO) container weight requirements, which went into effect on July 1, 2016.
John Fay, CEO of INTTRA, said: “INTTRA is generating rapid growth by focusing on meeting our customers' and the industry's needs in our unique role as the only neutral transaction and data platform.
“We have invested in our core platform and products, created new products and reached out to new customer segments.
“The global shipping industry has reached a tipping point where digital shipping management is now a competitive necessity and INTTRA's comprehensive platform is meeting their needs.”
The company sees strong growth of electronic booking and shipping instructions with the 18.4 million containers processed by INTTRA in H1, 2016.
To assist customers with a better visibility of their cargo, INTTRA sends more than 180 million container status events worldwide annually.
INTTRA had one of the richest periods of product introduction in its history during the H1, 2016. This included an introduction of cloud-based products such as INTTRA eVGM Service and a new web user interface that integrates ocean schedules, container booking requests, shipping instructions, and web bill of lading with a common user experience.
The value of INTTRA's portfolio enhancement and market leadership is further recognised by a 15% increase over 2015 in the number of alliance partners, including the JDA partnership announced in early 2016.
