Freightos To Offer ‘Guaranteed Container Capacity’ On Ships

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  • Freightos offers forwarders ‘guaranteed capacity on some ex-Asia routes
  • any carrier or freight forwarder can opt-in, but for now, it’s on limited lanes where the supplier is able to guarantee space
  • with shipping prices at an all-time high, does “guaranteed” space comes at a premium?
  • with Guaranteed Capacity, however, the forwarder must pass the guaranteed capacity booking to the carrier as soon as the booking is confirmed

Limited lanes

Freightos chief executive, Ruthie Amaru, told The Loadstar that the company has agreed on space with a specific vendor for FCL shipping, “on ex-Asian lanes where we see the majority of our trade and where the industry has experienced the tightest capacity limitations”.

Additional vendor agreements

“Any carrier or freight forwarder can opt-in, but for now it’s on limited lanes where the supplier is able to guarantee space.” She added that the company is working on “additional vendor agreements”, which will be available soon. But she declined to say how much capacity Freightos has secured.

Guaranteed space at a premium?

With shipping prices at an all-time high, does “guaranteed” space come at a premium? “Like many results on our freight marketplace, quotes from forwarders have a fairly high variance across price,” she explained. “Depending on the lane and the provider, guaranteed capacity does not necessarily cost more than regular spot rates.

Guaranteed capacity booking

With Guaranteed Capacity, however, the forwarder must pass the guaranteed capacity booking to the carrier as soon as the booking is confirmed. The carrier then confirms the vessel and transit time detail.

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Source: The Loadstar