Triton Works brings to the world of ocean commerce an on line marketplace to efficiently manage the selling and buying of container capacity.
THE PROCESS
The team at Triton Works has developed a highly efficient, participant neutral process where Ocean Carriers can post owned container slots for specific or multiple sailings. Forwarders, NVOCC's, cargo intermediaries and other owners can view the available space and price (“fixed” or “subject to”) and purchase accordingly. Supporting this market are business rules that ensure XChange participants hold to their space and purchase commitments.
THE PLATFORM
The XChange is the Triton Works proprietary web based platform for enabling global ocean container commerce. We have used high performance technology to build and manage an intelligent platform ensuring strong security for transaction confidentiality. The XChange also has functionality that supports comparative analysis, carrier anonymity, pricing durations, and equipment positioning. Using the XChange will save participants time, resources and money.
THE SCOPE
The XChange will cover all major global trade lanes. This includes available full container spot capacity for dry and reefer equipment. The first trade lanes go live in Q1 of 2009, with others being introduced in the following months. The XChange also offers carrier to carrier slot sales and the ability to establish a closed market for selected participants.