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Maritime Digitalisation & Communications

MSC and CMA CGM invest in box monitoring start-up Traxens

Tue 26 Jul 2016 by Rebecca Moore

MSC and CMA CGM invest in box monitoring start-up Traxens

MSC and CMA CGM have announced they are backing French container monitoring start-up Traxens.

Founded in 2012, Traxens has been developing solutions for the cargo logistics arena, and has created a container monitoring and co-ordination system.

The agreement sees CMA CGM and MSC invest capital in Traxens, with each group also represented on the board of directors.

The deployment of the Traxens devices across the fleets of both carriers will be announced in Q4 of this year. With a combined fleet of 4.5 million units these two world leaders transport approximately 25 per cent of the world’s shipping containers.

MSC president and chief executive Diego Aponte said: “We see container monitoring as an important innovation in providing our customers with a high quality of service, while also being able to monitor our outputs accurately.

“We believe that shipping lines should naturally compete on service, but should co-operate in the area of technology and innovation.”

CMA CGM vice chairman Rodolphe Saadé added: “We recognised the need for more and better data coming from our containers quite a while ago. We are proud to have identified the potential of the Traxens solution early on. This is just a part of our global digital strategy.”

Traxens founder and chief executive Michel Fallah added: “We are of course delighted to have had the backing of CMA CGM since 2012 and now of MSC. Our solution was designed from day one to be a global solution for all containers and all companies. This is an encouraging step towards setting a market standard.”

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