Shipwaves is India’s first online marketplace for ocean freight, providing instant rate comparisons, instant quote management, freight booking and freight management service. Shipwaves’ collaboration with India’s top freight forwarders enables importers and exporters to compare prices instantly and book the service that fits their requirement. The company also offers several other services like land transportation, customs clearing, marine insurance in addition to providing logistics analytics and profitability analysis to lower their freight costs.
India’s maritime industry accounts for 95% of India’s trading by volume and 70% by value, according to Shipwaves’ ceo Athahar Mohammed.
“However,” he continues, “the process of booking ocean freight, untouched by technology, continues to stifle growth of businesses owing to long waiting periods for price quotes and unregulated surcharges. Shipwaves was born out of an inherent need to fix this problem and make freight booking transparent and efficient.”
Mohammed says his company can help bring what he describes as a “behavioural shift” in the industry by getting various stakeholders onboard its shared technology platform.
With the first mover advantage in the industry in India, Mohammed says he is looking to replicate the success of international players like Flexport and FreightOS.
“Our services will be an enabler for India Inc for the next quantum leap,” he insists.