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We now have 100% of our fixtures moving through the platform. This has brought standardisation to the fixture negotiation and management process which has been welcomed by the counterparties that we work with on a regular basis. We very much see the implementation of Sea as ‘best practice’ and hope that, with wider adoption, the whole industry can realise similar benefits and progress together.
With the shipping industry accounting for 3% of the world’s carbon emissions, Sipchem is using Sea to collect, monitor, track, and support decisions that reduce our carbon output. In doing so, we are leading the way for other companies conducting voyages in Saudi Arabia and across the industry.
With Sea in place, our business is heading towards improved efficiency, plus the business has increased confidence around its governance of terms and minimisation of human error.
Sea provides us with lots of data around our charterparties which we otherwise wouldn’t have had. As we own the data, it can also be applied to our in-house advanced analytics, further helping us to achieve our business goals.
Through the implementation of Sea we are now capturing and making
data available that has provided the business with insights that are helping the team to realise new opportunities and assess performance.
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