DP World has signed a cooperation agreement with the Caspian Containers Company SA (CCCSA) to help digitise trade across the Greater Caspian Region and parts of Africa. Through the implementation of DP World’s SeaRates, a digital platform that allows the process of identifying and booking cargo routes to take place “in seconds”, cargo owners will be able to compare quotes from multiple providers and make informed decisions on the optimal route for their shipments.
Serving as a ‘digital freight forwarder’, the SeaRates platform will enable CCCSA’s customers to monitor the status and movement details of a container at any point during its journey, allowing full visibility.
In addition to supporting the digitising of trade, the partnership will further strengthen ties in the two growing markets of the Greater Caspian Region and Africa. The particular focus will seek to attract customers for project cargo shipments in Turkmenistan, Uzbekistan, Tajikistan, Kyrgyzstan and Afghanistan, as well as Mozambique, Democratic Republic of Congo, Nigeria, South Africa, Morocco, Tunisia, Ghana and Kenya in Africa.
The lack of standardisation in many Greater Caspian and African countries when it comes to transportation and logistics has made it difficult for customers to compare prices and services from different providers, DP World states. As a result of using SeaRates, CCCSA’s customers will be able to compare quotes from multiple providers and make informed decisions in minutes, the company adds.
Mike Bhaskaran, Group Chief Technology Officer, Digital Technology, DP World, commented: “There is a great opportunity to enable further development of the Greater Caspian Region and Africa’s trade routes to unlock more economic benefits. The digitising of the supply chain will help us do this, with innovative technology such as SeaRates enabling cargo owners to find the most efficient routes to transport their goods via an online platform.”