CargoShare is a marketplace that connects ship operators and charterers while automating the cargo brokering procedure. "Our mission is to simplify the procedure and reduce the cost of chartering.
Our target market addresses three customer segments. CargoShare caters to three main distinct customer segments. Ship operators who want to fill their ship’s available cargo hold, and charterers (forwarders) who want to ship cargo by chartering a ship. A third customer segment is that of freight brokerage firms, wanting to expand their reach and increase productivity.
In CargoShare, both charterers and ship operators can propose or take deals, while all mandatory procedures for securing a deal are completed inside the platform, including the communication of the parties. CargoShare’s approach adds liquidity and security to the market and also creates opportunities by allowing charterers to combine cargo and strike better deals due to economies of scale.
The problem CargoShare solves is that of transparent and quick deal-making in maritime shipping. Maritime deal-making, and the process to find available cargo hold or available cargo, is currently done via long time partnerships and opaque procedures. Both ends of the market have limited knowledge of real time supply and demand. This results in inefficiencies that take their toll in the whole trade industry.
CargoShare’s Team is set up by professionals with experience at academic and professional level in the fields of shipping, finance and sales.
This project is supported by the Athens University of Economics and has been funded by the European Institute of Innovation and Technology (EIT). The team successfully participated in the 84th Thessaloniki International Fair".
For more information please visit http://cargoshare.org