First verified results are in. Our clients enjoy a 14% cost reduction!

Wrap up on our first 10 months since launching.

More than 200 completed services through our platform on more than 200 registered ships from 25 shipping companies with a gross value of more than 750,000 US dollars.

Our basic promise towards Shipmanagers is the efficiency and cost-cutting on the technical service arrangement process while ensuring excellent quality on our service suppliers. Initially we estimated a 5% to 10% direct cost saving. We are delighted to see that our estimation was conservative, with one of our biggest clients recording a 14% reduction on the OPEX concerning technical services.

Our clients' feedback also estimates that an average of 6 manhours per week have been saved on admin workload for their superintendents on the service arrangement process.

Meanwhile, the average service suppliers' rating for the services completed was marked at 4.4 on a 0–5 linear scale.

On the suppliers side, we have reached 500 service suppliers having participated in a service request. On 90% of our arranged services, the service suppliers have received timely settlement of their invoices, with the remaining 10% not exceeding 15 days, mostly attributed to shipmanagers' account payment cycles.

Our focus lies next on maintaining the average rating above 4.5 and decreasing the average lifecycle of the service arrangement to below 24 hours. We are working together with our suppliers' service network to achieve our target results.

We strongly believe that setting measurable targets that increase value for both parties of the marketplace will be a key driver in growing a high-quality and highly productive ecosystem for the maritime service sector.