A port intelligence platform with real-time data on congestion and container flow at all global terminals has been launched to help manage chaotic supply chains.
Shipping data provider project44 said Port Intel would help shippers, logistics providers and freight forwarders address a lack of visibility into port congestion.
Project44 claims it tracks more than one billion shipments a year for 1,000 leading brands, including manufacturing, automotive, retail, food and beverage, oil and chemicals companies.
Its algorithms offer visibility into 11,800 berths worldwide down to 20-metre precision, the company said.
The platform can provide vessel and container-level dwell times, vessel counts, and other port congestion analytics, it said, with users seeing congestion in a visual interface and receiving data to help circumvent bottlenecks.
Port Intel reported an immediate 52% increase in container export dwell times from Ukraine and a 40.2% drop in daily peak container ship capacity calling at Russian ports at the outset of the invasion of Ukraine.
It has also shown a 44% spike in vessels waiting near Yantian following Shenzhen’s lockdown due to an increase in Covid infections in China this year.
Marketing business development manager of US-based forwarder Air & Sea International, Mike May, said Port Intel allowed it to deliver shippers “with the most real-time data and analytics on global port congestion to proactively avoid and manage disruptions”.
Chicago-based project44 was set up in 2014 by technology company founder Jett McCandless, who started off in the trucking business. It has raised more than $100m in funding.
