Shanghai and CargoSmart Strike Data Deal

skyscrapers with digital network of communication in Shanghai.

Shanghai Shipping Exchange, a leading shipping index organization, and global shipment management software solutions provider CargoSmart, have signed a Memorandum of Corporation (MoC) to develop a shipping index for ocean carrier schedule reliability.

According to a statement, the Shanghai Shipping Exchange and CargoSmart will create a new methodology to calculate schedule reliability. This will specifically be for key trade lanes but will also optimize supply chains and for the wider industry to improve service quality.

Shanghai Shipping Exchange has been playing a key role in providing up-to-date and accurate shipping information for the global market.

PTI Exclusive Paper: Blockchain in the Belt and Road – Connectivity 2.0 Between East and West

This includes the publication of the China Containerized Freight Index (CCFI) and the Shanghai Containerized Freight Index (SCFI).

What is the Shanghai Shipping Exchange?

Yao Weifu, Vice President of Shanghai Shipping Exchange, said: “The alliance with CargoSmart allows us to expand the insights we provide for the shipping industry.

“We look forward to collaborating with CargoSmart to deliver a new shipping index that increases transparency to ocean carrier performance.”

Who are CargoSmart?

For their part, CargoSmart have more than 20 years of experience in shipping management solutions and currently monitor 16,000 vessels across 20 carriers.

As well as that, it serves approximately 85% of the market, including 1,400 container ports, 3,000 ocean carrier services and 10 million sailing schedules.

“CargoSmart and Shanghai Shipping Exchange share a common desire to improve supply chain efficiency and productivity,” said Lionel Louie, chief commercial officer of CargoSmart.

“Our cooperation will extend our contributions to the shipping industry.”

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.