International Trade Magazine https://intrademagazine.com/ Wed, 20 Nov 2024 10:28:08 +0000 en-GB hourly 1 https://wordpress.org/?v=6.4.5 https://intrademagazine.com/wp-content/uploads/2019/10/cropped-ITM-Globe-Icon-32x32.png International Trade Magazine https://intrademagazine.com/ 32 32 Rainbow Dynamics announce new website and online domain name https://intrademagazine.com/rainbow-dynamics-announce-new-website-and-online-domain-name/ Wed, 20 Nov 2024 10:28:08 +0000 https://intrademagazine.com/?p=39027 Rainbow Dynamics has launched a new corporate website. Packed with features designed to deliver an enhanced online experience, the portal showcases the benefits that the company’s range of robotic sortation and automated materials handling systems bring to logistics warehouses, parcel handling facilities, manufacturing sites and e-commerce fulfilment centres. To coincide with the website ‘going live’ …

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Rainbow Dynamics has launched a new corporate website. Packed with features designed to deliver an enhanced online experience, the portal showcases the benefits that the company’s range of robotic sortation and automated materials handling systems bring to logistics warehouses, parcel handling facilities, manufacturing sites and e-commerce fulfilment centres.

To coincide with the website ‘going live’ Rainbow Dynamics also announced that, with immediate effect, it will use the .AI internet domain name across all online channels of communication.

“We feel that switching our domain name from .com to .AI will make the Rainbow Dynamics brand more recognisable and memorable within its target market,” commented Frazer Watson, Rainbow Dynamics’ Global Vice President.

He continued: “The Initials AI are regarded the world over as ‘shorthand’ for artificial intelligence. So, because artificial Intelligence and machine learning technology are at the heart of Rainbow Dynamics’ sustainable robotic handing and sortation solutions, a .AI domain name is perfect for us.”

.AI names have become a favourite among technology companies after it emerged that tech giants including Amazon, Google and Microsoft, had all registered .AI domains. Indeed, year-on-year registrations of .AI domain names leapt from 144,000 in 2022 to 354,000 in 2023 (the last year for which figures are available).

Frazer Watson added: “Our aim when developing the new website was to provide visitors with an easy way to learn about Rainbow Dynamics – who we work with, what we do and how we do it. Clearly, we want this message to be seen by as many current and prospective clients as possible and securing the .AI domain will help us to achieve this.”

 

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Davies Turner Air Cargo upgrades material handling at Heathrow HQ https://intrademagazine.com/davies-turner-air-cargo-upgrades-material-handling-at-heathrow-hq/ Mon, 18 Nov 2024 09:37:35 +0000 https://intrademagazine.com/?p=39023 Davies Turner Air Cargo has made a significant investment in material handling equipment (MHE) at its Heathrow logistics hub. This strategic upgrade by one of the UK’s largest independent air freight and logistics businesses is aimed at enhancing both operational efficiency and safety, solidifying the company’s commitment to maintaining industry-leading standards. The existing fleet of …

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Davies Turner Air Cargo has made a significant investment in material handling equipment (MHE) at its Heathrow logistics hub. This strategic upgrade by one of the UK’s largest independent air freight and logistics businesses is aimed at enhancing both operational efficiency and safety, solidifying the company’s commitment to maintaining industry-leading standards. The existing fleet of materials handling equipment has been replaced with seven electric forklift trucks, three reach trucks and one battery changing truck. All are fitted with high tech batteries and chargers.

From the Bobcat MHE range, the 11 vehicles have been procured on a lease contract from Rushlift, one of the leading national full-service suppliers of multi-brand materials handling and ground support equipment, with which Davies Turner Air Cargo has partnered for nearly 30 years.

The new MHE fleet will ensure that Davies Turner Air Cargo’s Heathrow hub continues to operate at peak performance, even as demand and operational complexities grow. Safety remains a top priority for Davies Turner Air Cargo, and the new fleet includes advanced safety technologies designed to reduce accidents and improve operational safety, underlining the company’s commitment to HSE matters. Among the key innovations are perimeter proximity lights, which surround the equipment, enhancing visibility and safety in crowded or low-light conditions, which are complemented by the addition of flat LED chevron strip lights fitted on the counterweight. Progressive directional arrow safety lights that appear on both the front and back of the equipment, depending on the direction of travel, have replaced the traditional blue spot reverse light, offering clearer directional guidance, when shone on the floor, in the directional path of the vehicle.

Fork cameras provide operators with better visibility when the forks are raised, or through the mast, reducing the risk of accidents during operation; whilst pedestrian detection cameras identify people within a set proximity, automatically slowing down the truck to prevent collisions. Each truck is fitted with an RFID beacon to detect other trucks on a potential collision course. These beacons interact with red flashing beacons on door frames and blind spots to alert other operators, further reducing the risk of accidents.

“As part of one of the UK’s leading freight and logistics businesses, Davies Turner Air Cargo is always striving to improve our operational capabilities and the safety of our workforce,” said Oliver Simmons, general manager – Heathrow Services at Davies Turner Air Cargo.

“This investment in cutting-edge MHE technology at our Heathrow facility is a testament to our commitment to innovation and excellence in the logistics industry. We are confident that these upgrades will enhance our service delivery, ensuring that we continue to meet and exceed the expectations of our clients.”

Andrew Gazzard, key account manager at Rushlift added: “Working with Davies Turner over many years has enabled a true working relationship to develop, affording a greater understanding of ever-changing needs. “Its commitment to ensuring it has the most up-to-date reliable and safe equipment, along with around the clock support has meant that with our flexible and consultative approach to business, our long partnership continues to thrive. We are pleased to introduce the new Bobcat range of forklift trucks along with recently launched safety innovations from our partners FTC, and where suitable, to supply equipment outside of the Bobcat portfolio with confidence.”

 

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New Amendments to Driver CPC Aim to Boost Flexibility, Says Logistics UK https://intrademagazine.com/new-amendments-to-driver-cpc-aim-to-boost-flexibility-says-logistics-uk/ Wed, 13 Nov 2024 10:15:20 +0000 https://intrademagazine.com/?p=39019 Parliament has recently passed amendments to the Driver Certificate of Professional Competence (DCPC), a move that Logistics UK believes will enhance flexibility in driver training without compromising road safety. Chris Yarsley, Senior Policy Manager for Road Freight Regulation at Logistics UK, expressed strong support for the changes, noting their potential to ease the training burden …

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Parliament has recently passed amendments to the Driver Certificate of Professional Competence (DCPC), a move that Logistics UK believes will enhance flexibility in driver training without compromising road safety. Chris Yarsley, Senior Policy Manager for Road Freight Regulation at Logistics UK, expressed strong support for the changes, noting their potential to ease the training burden on drivers and encourage retention within the industry.

Yarsley highlighted that while Logistics UK has always supported the DCPC requirements, the recent adjustments will introduce practical modifications that reflect the needs of the logistics sector. The amendments, which maintain the existing requirement of 35 hours of training, reduce the minimum course length from seven to three and a half hours. This change will make scheduling training sessions more manageable for operators, while ensuring that the content remains concise and relevant.

The reformed DCPC now includes provisions for e-learning, offering greater flexibility for operators. However, the option to continue with full trainer-led sessions has been retained to accommodate drivers who prefer face-to-face instruction. Yarsley emphasised the significance of this approach, describing logistics as a sector with diverse needs, where tailored training can provide significant business advantages.

Another notable change is the introduction of an accelerated pathway for qualified drivers whose DCPC qualification has lapsed, allowing them to return to driving without completing the full 35 hours of training. Logistics UK supports this approach but stresses the importance of maintaining rigorous standards within any ‘return to driving’ module. According to Yarsley, these modules should ensure drivers are updated on critical safety regulations, such as drivers’ hours and load security.

Logistics UK has also voiced support for an ‘outcome-based learning’ approach and is open to collaborating with the Department for Transport (DfT) and the Driver and Vehicle Standards Agency (DVSA) to integrate summative assessments at the end of training modules. However, the organisation stands firmly against replacing periodic training with a ‘pass/fail’ test, which it warns could exacerbate driver shortages by deterring individuals from remaining in the sector.

Representing a sector that plays a vital role in the UK’s trade infrastructure, Logistics UK continues to advocate for safe, efficient logistics across the country. With its members spanning road, rail, sea, and air logistics, as well as major freight buyers such as retailers and manufacturers, the organisation remains a key voice in navigating the industry through regulatory and technological changes.

 

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Unsworth celebrates Golden Jubilee with renewed commitment to innovation https://intrademagazine.com/unsworth-celebrates-golden-jubilee-with-renewed-commitment-to-innovation/ Tue, 12 Nov 2024 09:55:23 +0000 https://intrademagazine.com/?p=39014 Cloud-based technology that contains all the information, communication and documentation associated with each shipment is key to the future success of UK-based independent freight forwarder, Unsworth Group. The company’s CEO, Richard Hogg, who reaffirmed Unsworth’s commitment to innovation and setting new industry standards as it celebrates its 50th anniversary. The freight and logistics world of …

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Cloud-based technology that contains all the information, communication and documentation associated with each shipment is key to the future success of UK-based independent freight forwarder, Unsworth Group.

The company’s CEO, Richard Hogg, who reaffirmed Unsworth’s commitment to innovation and setting new industry standards as it celebrates its 50th anniversary.
The freight and logistics world of today is completely different to the one in which Unsworth in the UK was established in 1974, he says. “However, ultimately, it is still all about adding value for our clients, anticipating and adapting to industry changes, as well as leading from the front with innovative solutions.

“Since our incorporation in 1974, Unsworth UK has navigated the complexities of the freight forwarding industry, by trying to continually set benchmarks against which others measure themselves. This has underpinned our growth by allowing us to become a trusted partner for businesses around the world.”

Over the past five decades, Unsworth has transformed from a small freight forwarding operation into a well established global logistics provider, expanding its multimodal freight management services to include a robust Customs solutions team.

“Our journey from a modest startup to an multi award-winning global leader in freight forwarding and logistics has been enabled by our commitment to innovation and delivering exceptional service.”

Proactive responses to major global challenges sums up the company’s ethos, says Hogg.

“When the Covid-19 pandemic disrupted supply chains worldwide, Unsworth swiftly adapted its operations, implementing advanced digital solutions and ensuring uninterrupted service to clients.

“The unprecedented challenges to the logistics industry caused by Brexit saw Unsworth rise to the occasion by expanding its services to include a comprehensive Customs brokerage operation.”
Designed to help businesses navigate the post-Brexit landscape with confidence, Unsworth’s Customs Solutions team is now an established leader in the field, offering expert guidance and support to businesses across Europe.

Hogg adds: “My vision for the company’s development as we enter our 51st year is to continue with the significant investment in technological innovation and business processes, proven commitment to client satisfaction and the promotion of a culture of continuous improvement, that has characterised our last half century.

“Technology has been an huge enabler of the company’s growth, and will continue to be so. We see a tremendous opportunity to further leverage data and technological solutions to develop a more transparent and streamlined operating model.

“Cloud-based technology that contains all the information, communication and documentation associated with each shipment will enable us to better serve our customers; and differentiate us from our competition.”

 

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SkyPeople Training Expands International Reach with New Dublin Base https://intrademagazine.com/skypeople-training-expands-international-reach-with-new-dublin-base/ Mon, 11 Nov 2024 11:31:24 +0000 https://intrademagazine.com/?p=39002 SkyPeople Training, a specialist in aviation training, is setting its sights on further international expansion with the opening of a new base in Dublin. This development follows approval from the Irish Aviation Authority, allowing the company’s new subsidiary, SkyPeople Training (EU), to deliver the European Union Aviation Safety Agency’s (EASA) cabin crew attestation course. This …

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SkyPeople Training, a specialist in aviation training, is setting its sights on further international expansion with the opening of a new base in Dublin. This development follows approval from the Irish Aviation Authority, allowing the company’s new subsidiary, SkyPeople Training (EU), to deliver the European Union Aviation Safety Agency’s (EASA) cabin crew attestation course. This attestation is a mandatory qualification for cabin crew members across Europe and is recognised by all European airlines and operators.

With its headquarters in Manchester and as part of the EDM Group, SkyPeople Training already holds accreditation from the UK’s Civil Aviation Authority (CAA) as a cabin crew training organisation and security training provider. The launch of its Dublin-based operation allows the company to cater to both UK and European markets, addressing the demand for qualified cabin crew across international airlines that register aircraft in either the UK or EU, especially after Brexit led to the UK’s CAA certification no longer being accepted within the EU.

SkyPeople Training (EU) is actively recruiting staff for its new Dublin facility and will offer the EASA certification to both airline clients and individuals seeking the qualification for personal career advancement. The 11-day course combines classroom and practical training, covering critical areas such as aviation regulations, emergency protocols, security, first aid, fire and smoke management, dangerous goods handling, survival, communication, and crew resource management.

Sarah Ferguson, SkyPeople Training’s Chief Executive, noted the strategic advantages of the Dublin location, highlighting established partnerships with operators like Ryanair and Aer Lingus on the UK side and Dublin’s proximity to Manchester. She expressed appreciation for the Irish Aviation Authority’s support throughout the certification process, describing the new base as a “landmark development” that will propel the company’s growth in the European market.

For the aviation industry, SkyPeople Training’s expansion means increased availability of qualified cabin crew—a critical need as airlines navigate post-Brexit certification challenges. Ferguson emphasised SkyPeople’s agility in developing learner-centric courses and delivering them to industry-leading standards, strengthening the company’s commitment to support airlines globally.

SkyPeople Training operates from a purpose-built facility at EDM’s headquarters in Newton Heath, Manchester, where it provides comprehensive training for both new learners and current crew members. The academy’s hands-on sessions focus on emergency scenarios such as fire and smoke-filled cabins, ensuring that crew members are fully equipped to manage in-flight crises. Alongside cabin crew training, the company offers support for operators, including training manual development and course design, delivering custom training solutions worldwide.

EDM, the parent company, runs a 100,000-square-foot manufacturing facility where it produces training simulators for sectors such as civil aviation, defence, and rail, further solidifying its position in the global training and simulation industry.

 

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Survey Highlights ICS2-ENS Compliance Gaps https://intrademagazine.com/survey-highlights-ics2-ens-compliance-gaps/ Fri, 08 Nov 2024 11:03:41 +0000 https://intrademagazine.com/?p=38999 In a revealing survey conducted by Trade Tech, Inc., a leading global logistics platform, significant gaps in awareness and preparedness for the impending ICS2-ENS regulations and EORI requirements have emerged. With the compliance deadline set for December 4, 2024, the survey highlights that nearly 60% of industry participants anticipate the regulations will impact their operations, …

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In a revealing survey conducted by Trade Tech, Inc., a leading global logistics platform, significant gaps in awareness and preparedness for the impending ICS2-ENS regulations and EORI requirements have emerged. With the compliance deadline set for December 4, 2024, the survey highlights that nearly 60% of industry participants anticipate the regulations will impact their operations, yet less than half are adequately prepared.

The survey, which was available on Trade Tech’s website over the past few months, sought to assess the logistics industry’s readiness for these critical EU Customs regulations. The findings underscore an urgent call for all stakeholders involved in cargo shipments to and throughout the European Union to address compliance proactively. As regulatory frameworks tighten, the implications of non-compliance could significantly disrupt freight processes, thereby challenging the industry’s ability to operate smoothly.

Alarmingly, approximately 47% of respondents reported that they were unaware of the ICS2-ENS regulations, pointing to a substantial knowledge gap. Additionally, nearly half of those surveyed are not prepared to meet the December deadline, indicating a pressing need for immediate action. While 56.5% of respondents acknowledged awareness of the compliance timeline, a significant portion remains uninformed, which poses risks to timely adherence.

Moreover, while 58.2% of industry players understand what an EORI Number is, many are still oblivious to its critical role in EU-bound shipments. Just 47.1% recognized the necessity for EORI registration by June 1, 2024, further illustrating the challenges ahead.

Bryn Heimbeck, President and Co-Founder of Trade Tech, remarked on the findings: “It is our objective to help the industry transition to the new ICS2-ENS requirements with minimal disruption to cargo flow. Our survey reveals a clear necessity for stakeholders involved in EU trade to take swift action towards compliance, while also underscoring the urgency for more widespread education on these regulations.”

Heimbeck acknowledged a common trend within the industry where companies often delay preparations for Customs requirements, leading to increased stress during compliance surges. However, Trade Tech is positioned to assist clients effectively in navigating this transitional period.

Trade Tech’s survey serves as a timely reminder of the critical need for education and proactive measures within the logistics sector as it braces for these significant regulatory changes. The company is committed to equipping its clients with the necessary tools and resources to handle these regulatory challenges confidently and efficiently.

To further support industry stakeholders, Trade Tech has launched cargofiling.com, a dedicated platform designed to assist companies in understanding and meeting the complexities of Customs regulations, particularly the ICS2-ENS requirements. By offering expert guidance and essential tools, the website aims to help businesses prepare for the December deadline, ensuring the safe and secure movement of goods into and throughout Europe.

As the logistics industry prepares for this transformative regulatory landscape, the findings from Trade Tech’s survey underscore the importance of immediate and informed action to ensure compliance and operational readiness. Failure to prepare adequately may result in substantial disruptions, including halted shipments and potential fines, making it imperative for businesses to address these issues without delay.

 

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Standard Chartered and BII commit $350 million to boost finance in Africa and South Asia https://intrademagazine.com/standard-chartered-and-bii-commit-350-million-to-boost-finance-in-africa-and-south-asia/ Thu, 07 Nov 2024 11:08:22 +0000 https://intrademagazine.com/?p=38980 Standard Chartered and British International Investment (BII), the UK’s development finance institution and impact investor, have renewed their commitment to supporting trade finance in frontier and emerging markets across Africa and South Asia with a USD350 million risk participation agreement. The facility aims to empower small- and medium-sized enterprises (SMEs) and larger corporates in these …

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Standard Chartered and British International Investment (BII), the UK’s development finance institution and impact investor, have renewed their commitment to supporting trade finance in frontier and emerging markets across Africa and South Asia with a USD350 million risk participation agreement. The facility aims to empower small- and medium-sized enterprises (SMEs) and larger corporates in these regions, enhancing economic growth through improved access to trade finance.

This partnership, which first launched in 2013, has since enabled over USD10 billion in trade volumes across more than ten countries, including Kenya, Nigeria, Bangladesh, Pakistan, and Nepal. In the past year alone, the facility has supported approximately USD450 million in trade activities.

The expanded facility will cover additional markets within Africa and South Asia, enabling increased trade finance access across various sectors—ranging from food and agriculture to technology, healthcare, and telecoms. It aligns with multiple United Nations Sustainable Development Goals (SDGs), specifically Decent Work & Economic Growth (SDG 8), Industry Innovation & Infrastructure (SDG 9), and Responsible Consumption & Production (SDG 12).

UK Development Minister Anneliese Dodds lauded the renewed partnership, emphasising its potential to support SMEs and corporates delivering essential goods and services across these high-growth regions. “Trade plays an important role in economic transformation, and this risk-sharing facility demonstrates how BII can work with financial institutions to support our shared development objectives,” Dodds commented.

BII CEO Nick O’Donohoe highlighted the transformative impact of the facility, which has “empowered businesses and facilitated the vital flow of essential goods and services.” Saif Malik, CEO of Standard Chartered UK, echoed this sentiment, stressing the facility’s role in “connecting the world’s most dynamic markets in trade, investment and capital flows.”

 

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Revolutionising Cold Chain Efficiency https://intrademagazine.com/revolutionising-cold-chain-efficiency/ Wed, 06 Nov 2024 12:38:40 +0000 https://intrademagazine.com/?p=38977 Thermo King has been a leader in transport temperature control solutions for decades. What are the most significant advancements you’ve made recently?  For decades, Thermo King has consistently pioneered innovations in transport refrigeration, focused on reducing carbon emissions and minimising food and pharmaceutical waste in the cold chain.  As commercial transport rapidly shifts towards alternative, …

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Thermo King has been a leader in transport temperature control solutions for decades. What are the most significant advancements you’ve made recently? 

For decades, Thermo King has consistently pioneered innovations in transport refrigeration, focused on reducing carbon emissions and minimising food and pharmaceutical waste in the cold chain. 

As commercial transport rapidly shifts towards alternative, low emission solutions. Thermo King is at the forefront with its all-electric refrigeration units, energy recovery technology, renewable power solutions and digital monitoring solutions for transport across road, ocean, and air – ensuring quality goods are delivered, always at the precise optimal temperature. 

Two notable advancements are the Thermo King AxlePower energy recovery system and the E-COOLPAC systems. 

AxlePower represents the next generation of trailer refrigeration – a fully electric, self-charging solution powered by the road that turns previously wasted energy into a valuable energy source. The super-innovative technology recovers the kinetic energy from the trailer’s movement and stores it in a high-voltage battery to power the transport refrigeration unit. Imagine a hybrid vehicle that never needs charging. That is the potential of AxlePower. A zero-emissions solution. 

The E-COOLPAC is a battery power technology allowing customers to electrify refrigerated trucks and trailers and use as a battery genset for refrigerated marine containers. The E-COOLPAC offers flexible battery configurations from 35kWh to 105kWh. E-COOLPAC batteries can be fitted or retrofitted to hybrid, LNG, electric or diesel-powered trucks, trailers and marine container chassis, where a genset can currently fit, and are compatible with Thermo King marine refrigeration units including CFF and Magnum Plus, as well as other brands of ISO1496-2 reefer units. 

The AxlePower energy recovery system is gaining traction. Can you explain how this technology benefits fleet efficiency and sustainability? 

The AxlePower system is a major step forward in energy recovery for transport refrigeration, and its successful deployment across Europe, Middle East and Africa showcases its versatility. Operating in climates ranging from the cold north of Europe to the heat of South Africa, AxlePower equipped trailers covered over 1 million km, generating 50,000 kWh while on the road – equivalent of five medium size hydroelectric power stations. All without needing shore power, in configurations from hybrid to full electric and from daily distribution of fresh products to long-haul trips. 

On average, AxlePower can reduce CO2 emissions by 7.5 tons per year compared to a diesel transport refrigeration unit (TRU) – even up to 12 tons annually for trailers operating appx. 3,000 hours in distribution. 

  

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50 Years of Excellence: Celebrating the Liebherr Mobile Harbour Crane https://intrademagazine.com/50-years-of-excellence-celebrating-the-liebherr-mobile-harbour-crane/ Wed, 06 Nov 2024 12:33:45 +0000 https://intrademagazine.com/?p=38974 Since its founding in 1949, the Liebherr Group has grown into one of the world’s most respected manufacturers of construction and material-handling equipment. With its roots in Germany, Liebherr is now a global conglomerate with over 150 companies spread across multiple continents. Among its many achievements, Liebherr is a market leader in maritime handling solutions, …

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Since its founding in 1949, the Liebherr Group has grown into one of the world’s most respected manufacturers of construction and material-handling equipment. With its roots in Germany, Liebherr is now a global conglomerate with over 150 companies spread across multiple continents. Among its many achievements, Liebherr is a market leader in maritime handling solutions, producing ship, mobile harbour, and offshore cranes, alongside components for container cranes and reach stackers. In 2023, the Group’s revenue exceeded €14 billion, and it employed more than 50,000 people globally. A family-run business with a reputation for innovation and high-quality products, Liebherr’s journey to becoming a dominant force in the port equipment industry began with the release of the LGM 1130 mobile harbour crane in 1974. 

The LGM 1130 was introduced during a critical period for the maritime industry. Global trade routes were expanding, and containerisation was becoming the standard for shipping worldwide. Ports needed versatile and flexible equipment capable of keeping up with the increasing demands of global commerce. The LGM 1130 met this challenge head-on, offering a unique folding-tower design that allowed it to operate under larger STS container cranes, adding an additional layer of flexibility to port operations. This crane’s ability to fold its boom and navigate tight spaces made it indispensable in a rapidly changing industry. The LGM 1130 set the foundation for what would become Liebherr’s hallmark in the mobile harbour crane sector: a focus on flexibility, versatility, and technological innovation. Over the next five decades, Liebherr’s engineers continued to refine and evolve their mobile harbour crane models, culminating in today’s highly advanced LHM series, which sets new benchmarks for sustainability, automation, and digital integration. 

The Evolution of Efficiency and Versatility 

The introduction of the LHM 250 in 1996 marked a significant leap forward in the design and functionality of Liebherr’s mobile harbour cranes. With this model, Liebherr introduced several groundbreaking features that set new standards for efficiency in port logistics. One of the key innovations was the X-shaped undercarriage, which allowed for improved load distribution and manoeuvrability in increasingly congested port environments. This design feature was crucial in helping ports optimise space, enabling cranes to operate in narrow quayside spaces without the need for extensive modifications or preparation. The LHM 250 was also Liebherr’s first mobile harbour crane to incorporate telemetry, a significant technological advancement that enabled remote monitoring and data transmission. Telemetry allowed port operators to track the crane’s performance in real-time, reducing downtime and improving efficiency by identifying potential maintenance needs before they could lead to costly operational delays. This early foray into digitalisation set the stage for further advancements in crane automation and remote diagnostics. 

 

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Havona Technology secures investment from GTR Ventures https://intrademagazine.com/havona-technology-secures-investment-from-gtr-ventures/ Tue, 05 Nov 2024 12:59:58 +0000 https://intrademagazine.com/?p=38971 UK-headquartered Havona Technology has announced a strategic investment from GTR Ventures (GTRV), the world’s first investment and venture-building platform specialized in trade, trade finance and supply chain. Havona delivers innovative digital trade solutions for the US$5 trillion global commodities services market, enhancing post-trade operations from T+0 (today + 0) through settlement. Core features include: seamless …

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UK-headquartered Havona Technology has announced a strategic investment from GTR Ventures (GTRV), the world’s first investment and venture-building platform specialized in trade, trade finance and supply chain.

Havona delivers innovative digital trade solutions for the US$5 trillion global commodities services market, enhancing post-trade operations from T+0 (today + 0) through settlement.

Core features include: seamless collaboration between principal parties, counterparts, and financial institutions; the exchange of cryptographically secure electronic transferable records; and automated collaborative end-to-end digital trade workflows.

“We are excited to have GTR Ventures join us in our global seed funding round. The use of proceeds will allow us to expand our geographical presence as well as fine tune our proprietary post-trade platform, enabling our customers to exchange value with accurate data-points while managing risk and compliance from trade entry (T+0) to completion,” says Greg Pradervand, Co-Founder & Chief Commercial Officer of Havona . “Our product is the manifestation of many months and years of close collaboration with top global agri and metals commodity traders.”

Headquartered in the UK, with a presence in Switzerland, the startup’s current funding round has already secured notable commitments, led by GTRV. The monies raised will allow the firm to scale, market and deliver compliant Model Law of Electronic Transferable Records (MLETR) digital trade solutions for participants in the global commodity services market, including commodity traders in Singapore, where Havona has set up its Asia office.

According to Enterprise Singapore; There are approximately 400 global traders based in Singapore, registering some US$1.6 trillion in offshore trade, financed by over 200 banks.

Rupert Sayer, Co-Founder & CEO of GTRV, adds: “We are pleased to welcome Havona into our global community of traders, lenders and tradetechs. Havona’s new Singapore footprint will allow the company to reach out to a critical mass of SME commodity traders in Asia who require simple and affordable tools for trade risk and operations management.”

 

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Editor, International Trade Magazine
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