FourKites Intros Dynamic Ocean End-to-End Platform for International Ocean
April 8, 2021
FourKites bought Haven and introduced Dynamic Ocean, a next-generation
visibility solution that redefines end-to-end management for international ocean
shipments. The solution integrates advanced document management capabilities,
robust collaboration features and support for bookings, with superior end-to-end
real-time tracking. Benefits of Dynamic Ocean include expedited flow of goods
through busy ports; significantly reducing detention and demurrage costs; and
improved customer satisfaction.
FourKites’ Dynamic Ocean solution builds on technologies gained through its
acquisition of Haven, a well-established leader in international ocean shipping,
document management and tracking. “Haven is thrilled to bring our team and
expertise in SaaS, supply chain and ocean tracking to FourKites, a company that
pioneered real-time freight visibility and that shares our vision for more
automated, collaborative supply chains,” said Brad Klaus, CEO at Haven. “There
is nothing like Dynamic Ocean in the market. It is a true game-changer for
organizations that ship internationally via ocean.”
Dynamic Ocean covers 99% of global container traffic and more than 750 ports,
providing unprecedented visibility into ocean shipments. Comprehensive APIs
enable data sharing between Dynamic Ocean and other critical shipper systems
including TMS and ERP platforms.
Major product capabilities include:
Ocean covers 99% of global container traffic and more than 750
ports, providing unprecedented visibility into ocean shipments.
Comprehensive APIs enable data sharing between Dynamic Ocean and
other critical shipper systems including TMS and ERP platforms.
Major product capabilities include:
document management and collaboration features help shippers
manage the complex and copious documentation requirements of
international shipping, and collaborate with all parties
involved in a container move.
messaging tools organized around shipments and workflows
replace emails and manual processes
templates trigger tasks, set permissions, and prepare
documentation, including purchase orders, bills of lading,
courier instructions and packing lists, among many others.
partners can collaborate in a secure cloud-based digital hub
that contains all critical international shipping documents.
tracking capabilities leapfrog first-generation
screen-scraping techniques to capture more data via multiple
sources and with far greater accuracy. Dynamic Ocean sources
integrations via EDI 315 and APIs with all of the major
Automatic Identification System (AIS) data through vessel
data across 270,000 ocean lanes, 120 carriers, and 3000+
data across 100% of terminals in North America and major
terminals in Europe
- Dray Carrier
Integrations for true multimodal connectivity
into bookings via custom APIs with existing transportation
management systems (TMS).
end-to-end tracking that links ocean to rail, air,
over-the-road and yard.
insights and analytics with ocean-specific reporting on
on-time performance, cycle and transit times, detention and
demurrage, and more.
documentation requirements, rate management and bookings in international ocean
shipping are massive and complex — and when not managed quickly and efficiently,
are a major cause of unbudgeted costs and unhappy customers,” said Charlie
Cunnion, Vice President, Global Transportation at International Forest Products
LLC (IFP). “FourKites’ Dynamic Ocean solution will be a game-changer for IFP. It
will further distinguish us from our competition by enabling us to provide
customers with transparent shipping schedules and timely documentation, while
also providing near real-time visibility into order statuses. This platform
mitigates detention and demurrage risks, and will deliver a seamless experience
for our customers.”
In a recent Haven survey of 160 senior ocean supply chain leaders, 60% cited
their need for better document management, and more than 40% said they intend to
upgrade their systems by investing in the further digitalization of their
“Ocean shipping is extremely complex, with at least six different parties
touching a single container, and cumbersome documentation workflows that can
account for upwards of 70% of detention and demurrage,” said Mathew Elenjickal,
founder and CEO of FourKites. “Together with Haven, we are proud to introduce
new end-to-end ocean capabilities that have been sorely lacking in the industry,
and that are now mission-critical to effective management of ocean shipments.”