FourKites Targets Ocean Freight Market

FourKites makes a strategic acquisition to create a visibility solution specific to ocean freight.

Alex Stemmer
Alex Stemmer

FourKites acquires Haven Inc., an international ocean shipping company, as part of its introduction of a new visibility platform for end-to-end management for international ocean shipments. Dynamic Oceans will handle advanced document management capabilities, bookings support and end-to-end visibility. FourKites is hoping to solution will reduce detention costs for clients. 

Per FourKites

  • 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.
  • 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 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.”