Safmarine Spot product immediately accessible to customers on CargoSphere, once authorized

A.P. Moller - Maersk integration with CargoSphere provides one digital platform for customers to access Safmarine Spot rates and their confidential contract rates

CargoSphere's eSUDS and Rate Mesh technology enables a 100%, digital rate ecosystem, including a fully-automated transfer of Safmarine rates, to significantly streamline ocean freight rate management for customers

Chapel Hill, North Carolina, September 30, 2019 - CargoSphere, the neutral rate network for container shipping, today announces that Safmarine Spot, a rate option with a loading guarantee at a fixed price at booking, is now accessible on its rates platform. This integration will enable customers to access Safmarine Spot rates with their confidential contract rates in a single rate search on CargoSphere. The Maersk Spot product is also available on CargoSphere.

"The addition of Safmarine Spot on CargoSphere expands our customers' freight rate options delivering a richer offering for their supply chain needs. We're committed to adopting cutting-edge technology that delivers faster, streamlined transactions and the best customer experience possible. CargoSphere has demonstrated strength in innovation and technology and offers a tremendous distribution opportunity," said Renato Silva, Head of Customer Experience in Safmarine.

Neil Barni, Managing Director of CargoSphere, said, "A fully-automated rate data stream significantly reduces the time-consuming and tedious aspects of rate management for Safmarine's customers who will see their contract rates and the Safmarine Spot product in one view on CargoSphere. We're pleased to collaborate with Safmarine to provide their customers with a higher level of accuracy and efficiency."

A.P. Moller-Maersk went live on the CargoSphere platform in August 2018.