AUSTIN, Texas & SHANGHAI E2open (NYSE: ETWO), and COSCO Shipping Corporation Limited (COSCO), announced an extension of their partnership through 2023, says an article published in BusinessWire.
COSCO will continue to utilize the INTTRA by E2open (E2open) platform for a portion of its cargo shipment bookings and instruction.
A digital platform for ocean carriers
E2open’s digital platform that manages more than 200,000 ocean freight container bookings a day, serves as a single, one-stop location where beneficial cargo owners (BCOs), logistics service providers (LSPs), freight forwarders, and any other entity conveying goods can rate and book ocean shipments.
E2open provides comprehensive booking services for ocean carriers through a well-maintained, secure, and user-friendly system.
COSCO fleet and service
COSCO SHIPPING Lines is a fully owned subsidiary of COSCO SHIPPING Holdings Co., Ltd. By the end of December 2020, the company owned and operated 423 container vessels with a total capacity of 2.3 million TEUs. COSCO SHIPPING Lines operates 265 international services (including international feeder services), having anchors in 352 ports covering 105 countries and regions worldwide.
Verified gross mass
In addition to booking and shipping instruction submissions, COSCO utilizes E2open’s eVGM service to facilitate global container weight compliance by COSCO and its customers. The International Maritime Organization’s Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment requires every container to have a VGM (or certified weight) in order to be loaded onto a ship.
This eVGM service provides operational capabilities for digital submission, receipt, processing, and auditing of SOLAS-compliant data for shippers and carriers.
“We are proud of the work we have done together and look forward to the continuation of our relationship with COSCO,” said Santosh Nanda, general manager at E2open.
“From electronic booking to shipping instructions to eVGM, our expansive platform has and will continue to provide COSCO’s customers with the highest quality services and help them better navigate the current chaotic shipping environment.”
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Source: Business Wire
