World’s First Ever Live Spot Pricing Successfully Launched by Mizzen

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In a first, has reportedly “successfully launched” a live spot pricing mechanism for some of the world’s largest shipping lines.

In a statement, the global freight forwarder marketplace will now deliver the world’s first ever instant spot rates for over 15,300 port pairs (import, export and cross trade) for the following trades:

  • Oceania to/from Australia
  • Australia/Oceania to/from Asia
  • Australia/Oceania to/from Europe, Middle East Gulf & Indian subcontinent
  • Australia to/from the Indian Ocean

Mizzen Group Chairman, Dr Alan Taylor, expressed his excitement about working with the global shipping industry stating that this move will bring greater efficiencies to booking and rate procuring. He stated that the launch will provide an intuitive platform that saves significant time and effort. “We will be adding new lines over the coming weeks to increase live pricing capacity, as well as new trade lanes and more product opportunities so freight forwarders can spend more time winning new customers, and less time chasing prices and space,” Dr Taylor remarked.

He went on to add, “Our shipping and freight industry co-founders, such as our Managing Director Jon Charles, who has approximately 20 years’ experience working with NYK and CP Ships, and non-executive Director Llew Russell, who is the former CEO of Shipping Australia Limited, have had first hand experiences of the inefficiencies in pricing from both the freight forwarder and shipping lines perspectives.”

“We then built a team of digital experts, led by Darren Burden and Ian Warrington, who had significant experience addressing similar issues within online media during their extensive careers at one of Australia’s most successful digital companies, Fairfax Media,” Dr Taylor concluded.

Presently, the participant lines account for 55% of the global container shipping industry representing names such as Maersk, MSC, CMA CGM, Hapag Lloyd, Hamburg Sud, APL, ANL and OOCL.