Portchain

Overview
News
Shipping Tech?
Product stageSegments
Early
?
Smart ports and terminals
?

Portchain is a Copenhagen-based logistics startup that provides berth alignment and planning software solutions to container terminals and carriers. Its flagship product, Portchain Connect, facilitates the exchange of real-time data between shipping lines and terminals, enabling optimized vessel schedules, reduced operational costs, and minimized environmental impact.

Launched in 2021, Portchain Connect revolutionizes maritime operations by digitizing the traditionally analog communication channels like phone calls, emails, and instant messaging. It streamlines the sharing of vital information such as vessel arrival times, container volumes, berth slot availability, and schedule changes. By consolidating this data on a global scale, Portchain Connect empowers carriers and terminals to make informed decisions, aligning vessel arrivals with port capacity through "digital handshakes."

The platform's advanced algorithms and predictive AI tools analyze historical records to improve schedule reliability further. Portchain's solutions are estimated to reduce fuel consumption by up to 14%, equating to a potential savings of USD 3.5-USD 5.5 billion annually for the industry and eliminating emissions equivalent to over 7 million cars.

As of February 2024, Portchain's network encompassed 100 terminals across all continents, accounting for 20% of global terminal capacity. Its services are utilized by major players like Hapag-Lloyd, which signed a five-year agreement to implement Portchain Connect across its operations. The company has also acquired an undisclosed company to augment its offerings.

Key customers and partnerships

Portchain has established notable partnerships with several industry leaders, including Hapag-Lloyd, a prominent container carrier that inked a five-year global agreement to deploy Portchain Connect across its network. Additionally, Ports & Cargo Handling Services Limited has implemented the platform to enhance the efficiency of its berth alignment processes when dealing with shipping lines.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Copenhagen DNK
Founded year:
2017
Employees:
11-50
IPO status:
Private
Total funding:
USD 5.0 mn
Last Funding:
USD 5.0 mn (Seed; Feb 2024)
Last valuation:
-
Key competitors
 
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