Mining giant Anglo American is making its ocean freight arrangements more digital.
The miner has signed a deal with Chinsay to implement Chinsay’s Recap Manager (RM), a single cloud-based SaaS system for end-to-end contract management for ocean freight operations.
Anglo American will utilise Chinsay’s system for creating, reviewing and managing digital freight contracts.
“Digitalizing our freight workflow is a strategic focus for Anglo American. Chinsay’s independent platform will allow us to make faster decisions with better information and manage risk more effectively around charter parties,” said Peter Lye, global head of shipping at Anglo American.
“Mining and commodity companies, like Anglo American, that take advantage of secured cloud, mobile, collaborative and risk and analytics technologies, such as those offered by Chinsay, will drive seamless work flow and improved productivity internally and with external counter-parties,” said Dag Sunden-Cullberg, founder and CEO of Chinsay
Miners opting for digital platforms to handle ocean freight has put many shipbrokers on edge this year.
BHP Billiton, for instance, has from this January been booking iron ore freight via its own new platform, eschewing the need for brokers.
“Many other initiatives are underway, so suddenly there is a sombre mood percolating through the rank and file in ship brokerage. Is a massive cull on its way?” Alphabulk analysts mused in a report in October.
Alphabulk reckons a third of capesize charter deals will end up being done online in the coming three to five years, theoretically making a third of the world’s capesize brokers potentially redundant.
