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Description
eShip will become a Software as a Service Solution that applies state-of-the-art ICT tools to the traditional chartering business model, generating significant value added to all market participants in three key aspects: i) optimization of freight rates by intelligent matching of ships and cargoes; ii) reduction of back-office expenses by automation of repetitive, information heavy procedures; and iii) application of business intelligence and data analytics to optimise the entire supply chain. eShip digitizes the entire chartering process from market search to voyage completion, including contracts of affreightment and charter party negotiations, real time voyage tracking, demurrage/dispatch calculations, freight invoice generation, bills of lading, post-voyage analysis and regulatory compliance.
This will be accomplished through the development and commercialization of an innovative product that is aimed at the digitalization of the maritime industry and the application of state-of-the-art transport technologies. Additionally, eShip will promote cooperation between business, research and education, a key factor for innovation and sustainable growth. It should be noted that eShip complements other Blue Economy projects funded by the European Commission, such as MixMove (for the optimization of road transport) and JUL (single logistics window currently being developed in Portugal).
The goal of the project will be to develop and demonstrate the eShip solution, from early prototypes towards TRL7 – Demonstration Systems.
The solution will be demonstrated in two different pilot actions:
- One with an LNG (Liquified Natural Gas)
- Other with a dry bulk carrier
Early support from target clients is a critical success factor. Interest to participate in the pilots or support the business requirements definition has already been secured from Oil & Gas Operators, shipowners, port authorities, multimodal operators, among others.