Maritime software company AXSMarine reports that it has concluded a strategic investment in Singapore-based Nextvoyage, a Voyage Management System (VMS) provider.
The deal is part of a collaboration agreement between the two companies, who will maintain independent operations but will work closely to deliver tools and data to streamline and optimise maritime workflows.
AXSMarine’s software focuses on supporting decision making in the chartering of drybulk, tanker and container ships, helping users to choose the right vessel or the right cargo based on current market information. Nextvoyage is involved in providing applications for monitoring the execution of a voyage, including changes in potential profit and loss, as well as fleet exposure for risk management.
The two companies will integrate their respective software to improve workflow efficiency, reducing manual actions and corrections for mutual customers and providing them with accurate data delivered in the correct context.
“AXSMarine’s investment in Nextvoyage materialises a shared vision and values with Nextvoyage founder Mark Pith. This move appeared as a natural one for our organisations, and we are here to turn it into a valuable one for the industry. It is a logical step to help make the client’s life much easier,” said Jacques Goudchaux, AXSMarine CEO.
“Regardless how small or big owners and operators are, the vast majority are far from having achieved a best-in-breed architecture. Multiple repetitive, inefficient and error-prone processes is a widely spread norm across the industry. By the time one has pulled data from multiple systems and sources, copied it into a spreadsheet or yet another software solution and reconciled it, this means lost time that could have been spent on more value-added tasks, especially with today’s pace of business.”
“While AXSMarine and Nextvoyage will maintain separate operations, our eventual combined offering is aimed at providing a truly integrated alternative to multiple loosely-integrated solutions. The widely observed disconnect between chartering managers and operations which many complain about is a very exciting challenge for us to address in close cooperation.”
