Mv-Fleet™ generated 2.9 million USD cost reduction opportunities.

"Compete and share" concept provides information and connectivity to equipment managers that were not previously available. During the last months participating carriers received from Mv-Fleet^TM a cost reduction value calculated at 2.9 million USD. These and more cost reduction opportunities with partners, non-partners and carrier providers are now "one click away".

LLoyd's List spotlights CC&S's office in the Singapore of the Americas

PANAMA’S position as the predominant maritime hub of the Americas has attracted a host of new companies, further feeding its maritime advantage in the region. Panama's connectivity in shipping terms has much to do with the country's success in luring new businesses, but other important factors have been responsible for bringing hi-tech companies to the country. "For internet connectivity, data centres have less than one physical mile to direct contact to the five international backbone internet fibres that cross the continent, allowing us high uptime of our services while reducing the cost of connectivity required for web-based tools which are necessary for the industries of the 21st century," says CC&S CEO Harm Jansen.

Related industry news:

COSCO forced to slash costs

(Source: Fairplay)

Wei Jiafu, president of Cosco, suggested the way forward in the current economic climate was to co-operate with shipowners, shipping agents, cargo owners and traders. Shipping companies should pay attention to risk management, contract performance and cost control, he said.