Maritime Data Product Newsletter - Issue 3 - AXSMarine Live Matrix


At Maritime Data, we exist to make buying data easier.

We’ve devoted hundreds of hours to identifying and curating content from our partners to provide you insights as part of our Maritime Data Newsletter and now we’re bringing you The Maritime Data Product Newsletter.

The Maritime Data Product Newsletter will be sent every two weeks bringing together a selection of all of the new products, services, features, and major updates from partners within our network.

This will include:

  • The Challenge
  • The Solution
  • Use Cases

You have the option to connect directly with the supplier, or with us to discuss further.


Live Matrix- AXSMarine

AXSMarine’s Live Matrix provides instant freight rate visibility to shipbrokers, commodity traders, shipowners, charterers and other professionals in the Dry Bulk industry.

The Challenge

As shipping services are forward booked, visibility on the current and potential future costs of freight is vital for brokers, commodity producers and commodity purchasers.

Currently, a large swathe of organisations responsible for Dry Bulk Shipping will need to bring together several data feeds including vessel speed and consumption, spot, and future prices. Bringing these datasets and running the required calculations to produce a single point of truth is both time-consuming and expensive.

The Solution

Live Matrix generates, and automatically updates, hundreds of individual calculations in a single screen.

Users are able to quickly benchmark multiple vessels across multiple routes using the latest spot and FFA Baltic Exchange Indices, live intraday FFA, live and futures’ bunker prices. This solution based on a transparent methodology provides an instant comparison of spot freight rates with past settlements, as well as forward prices for next three quarters.

Live Matrix leverages the AXSMarine's proprietary data on vessel speed and consumption, along with multiple spot and futures prices plus live intraday FFAs powered by the
Baltic Exchange, Braemar Securities, and Bunker Ex.

Use Cases

Operators, Charterers, Traders and Brokers - involved in managing or purchasing the freight element of commodity shipments, can utilise the Live Index to support a number of different decisions including:

  • To compare contract (COA) rates with expected market conditions.
  • Look at chartered tonnage exposure (TC Cost) vs. expected freight market (income) conditions.
  • To decide whether to lock in freight rates now or wait.
  • To decide whether to hedge freight exposure
  • To help buyers determine the best commodity origination location by comparing commodity purchase price and freight cost.

If you'd like to discuss this, alongside other datasets from our 50+ partner network of suppliers please set up a call below:


We appreciate that many of you are continued readers of our newsletter for the curated insights, and that’s the full extent of what you want from us, so if you’re not interested receiving updates on new products and services please feel free to opt out here:

Regards,

James

Regards,

James Littlejohn

Co-Founder

Maritime Data Ltd

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Maritime Data Newsletter

A dedicated source of market insights and product developments from the largest network of specialised providers of maritime data and analytics.

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