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Marine Electronics & Communications

Marine Electronics & Communications

New online platform will change global freight markets

Mon 02 Oct 2017 by Martyn Wingrove

New online platform will change global freight markets
Alexander Varvarenko: “We have combined artificial intelligence and latest digital technology”

Varamar Group founder Alexander Varvarenko has launched the first phase of a new online platform for global freight markets. This is just two weeks after he outlined his plans exclusively to Marine Electronics & Communications.

Mr Varvarenko has introduced ShipNext, which he expects will save time and money for ship operators and vessel charterers. The program intercepts emailed cargo requests or ship position notifications and automatically match cargoes with ships using over 70 databases and complex algorithms.

ShipNext has been endorsed by BIMCO (Baltic and International Maritime Council) and is backed by Dragon Capital, an eastern European investment bank. Mr Varvarenko said the online platform will “minimise human error and increase efficiency by automating multiple routine checks and calculations”.

These relate to ship and port data, distances, restrictions, risk zones and rules of carriage by sea. “ShipNext was born of the desire to change the outdated shipping practices and make life easier for traders, shipowners and other market participants,” said Mr Varvarenko.

“In ShipNext we have combined artificial intelligence and latest digital technology with our 17-year industry experience in shipping of dry bulk, steel and heavy and oversized cargo.”

ShipNext will be rolled out to users over the next 18 months. Mr Vararenko told Marine Electronics & Communications that more applications will be added to the platform in future phases.

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