MSC joins CMA CGM in backing TRAXENS

Mediterranean Shipping Company has joined CMA CGM in backing French container monitoring and coordination start-up, TRAXENS.

Founded in 2012, TRAXENS provides Data as a Service, and Software as a Service, both of which are based upon the information the company gains from its container monitoring solution. Information is provided in near real-time on all planned or exceptional events that occur during the life cycle of a shipment, and is communicated by devices in each container though GSM and radio.

The agreement saw the two companies invest capital in TRAXENS, with each also represented on the Board of Directors. The deployment of the TRAXENS devices across the fleets of both carriers will be announced in Q4 of this year.

Diego Aponte, President and CEO of MSC, said, “We see container monitoring as an important innovation in providing our customers with a high quality of service, while also being able to monitor our outputs accurately.” He continued, “We believe that shipping lines should naturally compete on service, but should co-operate in the area of technology and innovation.”

Rodolphe Saadé, Vice-Chairman of CMA CGM, added, “We recognised the need for more and better data coming from our containers quite a while ago. We are proud to have identified the potential of the TRAXENS solution early on. This is just a part of our global digital strategy”.

Michel Fallah, Founder and CEO of TRAXENS, concluded, “We are of course delighted to have the backing of CMA CGM since 2012 and now of MSC. Our solution was designed from day one to be a global solution for all containers and all companies. This is an encouraging step towards setting a market standard.”

Source: MSC