Revolutionizing dry bulk shipping with technology
Crab is a digital marketplace connecting charterers, brokers, and vessel owners to enable all stakeholders to fix better. By leveraging Rappit Composer no-code apps & workflows platform, it discovers the best available vessels and multiple offers for shipping cargo. Catering to different types of users – charterers/ cargo owners, ship brokers (and ship owners). Catering to different types of users – charterers/ cargo owners, ship brokers (and ship owners), Crab can offer thousands of listings/ offers/ fixtures per month for thousands of users, saving approximately 50% of time and effort compared to the conventional, manual process.
Their challenges
- Complexity: Dry bulk refers to the shipment of non-liquid or non-containerized cargo (coal, grain, iron ore etc.), typically transported in large quantities. It is a crucial component of the maritime supply chain and involves a complex network of participants (commodity companies, ship owners, operators, and brokers).
- Transparency: Finding the best vessel and freight parties is difficult and requires more transparency on vessel availabilities. Which will Increase opportunities, optimize vessel loads, and reduce costs.
- Differentiation: A digital platform that revolutionizes the industry is required. A marketplace that connects supply & demand and truly provides value to all supply chain stakeholders, including brokers (which most digital freight platforms want to cut out).
Our solutions
- Reduce complexity: Rappit used its Rappit Composer platform to set up the workflows powering the marketplace. Key elements include cargo listing, providing offers, vessel availability, and finalizing fixtures.
- Add transparency: Facilitates collaboration and information sharing (for e.g. offers and fixtures) between the subscribed platform accounts.
- Add differentiation: Comprehensive features including chat functionality between parties , adding contract documents as attachments, adding users and roles, adding ratings, comparing offers, and confidential (charterer) profile mode.
- Rappit Composer configurations can easily be adapted or enhanced to accommodate future changes or additions to the Crab marketplace.
- As a Google Cloud-based solution, the Rappit Composer platform provides enterprise-grade performance, reliability, availability & service levels.
Results
- Differentiated and independent marketplace focused on charterers/ cargo owners and ship brokers.
- Process thousands of listings/offers per month for thousands of users.
- Saves approximately 50% time and effort compared to the conventional, manual
process. - Easy cargo listing for all types of dry bulk cargoes within 5 minutes.
- Confidentiality option for charterers to keep profiles private.
- Comparative offers to save time and maintain an audit trail.
- Chat between parties.
- Attachments – share and track fixture-related documents easily.
- Highly scalable and optimized performance via automated Google Cloud capacity and services provisioning.
Crab
Crab is an independent, global dry bulk shipping marketplace which enables all stakeholders to fix better. Charterers ship more efficiently, brokers get more business, and vessel owners/operators get more cargo, reduce ballast time and cost.