The online shipping platform, the Tonnage Exchange (TTEX) aims to match vessels for swap sale, sale and leaseback, and charter transactions.
Tonnage Exchange (TTEX)
The first of a kind online shipping platform, TTEX has been launched by two industry veterans Per Wistoft and Michel Deleuran. The digital-based marketplace offers a wide range of opportunities to swap tonnage on sale, sale, and leaseback and charter party terms for owners, operators and other parties.
TTEX founder Wistoft said, “When considering your company’s asset position, you often find yourself restricted and unable to act because of for instance book values exceeding market values, assets not being suitably located geographically or your risk position limiting a desire to explore strategic changes. The Tonnage Exchange is a strategic management tool and platform for moving and optimizing assets”.
The online shipping platform provides registered users with swap suggestions and is considered as an additional tool to shipbroking.
TTEX co-founder Michel Deleuran said, “Those are just a few examples of real-life challenges that we have experienced during our careers in the maritime industry. With The Tonnage Exchange we aim at providing industry players with new options in an efficient manner, wherefore business is conducted in four simple steps”.
The founders have designed and developed the platform as a proof of concept with c-suite executives and several undisclosed companies have committed to registering tonnage availability. The platform is commercially viable and technically managed from France and Denmark.
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Source: Seatrade Maritime News