Shipping Domain

Shipping Industry is a very unstable trade market. Simultaneously, it is also a very crucial industry, because over 80% of global trade depends on sea transportation. It pilots a major role in the economy development several countries. Shipping cannot afford any error margins. This fact was not acknowledged enough until the latter part of 1980s, when a series of ship accidents occurred. These even rooted to environmental damage, critical casualty, and unlimited penalty to the shipping company and their insurers. The root causes were traced back to inadequate Risk Management Systems practiced by both shippers and ship owners.

Business Challenges

• Lack of precise ship risk assessment
• Inadequate shipping document management
• Dynamic data inaccessible for quick decision-making
• Improper workflow management