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FourKites Acquires Haven, Inc. and Launches Dynamic Ocean, a Next-Generation End-to-End Platform for International Ocean Shipment Visibility

April 08, 2021 / Anurag Khadkikar

FourKites®, the market chief continuously store network perceivability, today reported its obtaining of Haven, Inc., and presentation of Dynamic OceanSM, a cutting edge perceivability arrangement that rethinks start to finish the executives for worldwide sea shipments. The arrangement incorporates progressed archive the board abilities, hearty coordinated effort highlights and backing for appointments, with better end-than end continuous following. Advantages of Dynamic Ocean incorporate sped up progression of merchandise through occupied ports; essentially lessening confinement and demurrage costs; and improved consumer loyalty.

FourKites' Dynamic Ocean arrangement expands on advancements acquired through its obtaining of Haven, a grounded pioneer in global sea transporting, record the executives and following. "Sanctuary is excited to acquire our group and skill SaaS, production network and sea following to FourKites, an organization that spearheaded constant cargo perceivability and offers our vision for more mechanized, synergistic stock chains," said Brad Klaus, CEO at Haven. "There is nothing similar to Dynamic Ocean on the lookout. It is a genuine distinct advantage for associations that transport globally through sea."

Dynamic Ocean covers 99% of worldwide holder traffic and in excess of 750 ports, giving phenomenal perceivability into sea shipments. Exhaustive APIs empower information dividing among Dynamic Ocean and other basic transporter frameworks including TMS and ERP stages. Significant item abilities include:

Advanced document management and collaboration features assist transporters with dealing with the perplexing and overflowing documentation necessities of worldwide transportation, and work together with all gatherings engaged with a compartment move.
Constant informing instruments coordinated around shipments and work processes supplant messages and manual cycles.
Robotized formats trigger errands, set authorizations, and get ready documentation, including buy orders, bills of replenishing, messenger guidelines and pressing records, among numerous others.
Exchanging accomplices can team up in a safe cloud-based advanced center point that contains all basic global transportation records.

Superior tracking abilities jump original screen-scratching methods to catch more information through various sources and with far more prominent precision. Dynamic Ocean sources information from:
Direct mixes through EDI 315 and APIs with the entirety of the significant sea transporters.
Ongoing Automatic Identification System (AIS) information through vessel transponders.
Timetable information across 270,000 sea paths, 120 transporters, and 3000+ administrations.
Terminal information across 100% of terminals in North America and significant terminals in Europe.
Cart Carrier Integrations for genuine multimodal network.

Visibility into bookings through custom APIs with existing transportation the executives frameworks (TMS).

True end-to-end tracking that joins sea to rail, air, over-the-street and yard.

Deeper insights and analytics with sea explicit covering on-time execution, cycle and travel times, detainment and demurrage, and the sky is the limit from there.

"The documentation prerequisites, rate the board and appointments in worldwide sea delivering are huge and complex  and when not oversaw rapidly and productively, are a significant reason for unbudgeted costs and despondent clients," said Charlie Cunnion, Vice President, Global Transportation at International Forest Products LLC (IFP). "FourKites' Dynamic Ocean arrangement will be a distinct advantage for IFP. It will additionally recognize us from our opposition by empowering us to give clients straightforward delivery plans and opportune documentation, while likewise giving close to ongoing perceivability into request situations with. This stage mitigates detainment and demurrage hazards, and will convey a consistent encounter for our clients."

In a new Haven review of 160 senior sea production network pioneers, 60% refered to their requirement for better archive the executives, and over 40% said they mean to overhaul their frameworks by putting resources into the further digitalization of their global cycles.

"Sea delivering is amazingly perplexing, with in any event six unique gatherings contacting a solitary compartment, and bulky documentation work processes that can represent as much as 70% of confinement and demurrage," said Mathew Elenjickal, organizer and CEO of FourKites. "Along with Haven, we are glad to acquaint new end-with end sea capacities that have been woefully ailing in the business, and that are currently strategic to viable administration of sea shipments."

About FourKites
FourKites® is the #1 production network perceivability stage on the planet, expanding perceivability past transportation into yards, distribution centers, stores and past. Following more than 1 million shipments day by day across street, rail, sea, air, bundle and messenger, and arriving at 176 nations, FourKites consolidates ongoing information and amazing AI to assist organizations with digitizing their start to finish supply chains. More than 500 of the world's most perceived brands including 9 of the best 10 CPG and 18 of the main 20 food and refreshment organizations — trust FourKites to change their business and make more lithe, productive and manageable stockpile chains.