Five of the world’s leading shipbroking firms Arrow, Gibson Shipbrokers, Howe Robinson, Ifchor Galbraiths and SSY have united to introduce Ocean Recap – a purpose-built recap and charter party management platform.
Developed in partnership with Signal Ocean, Ocean Recap has been designed to address the “growing concerns of monopolisation”, as described by the brokers in the release, and data security in the recap and charter party space.
Ocean Recap’s journey began 18 months ago with a shared vision from its founding partners and has already produced more than 1,000 charter parties for more than 75 clients across both the tanker and dry markets.
The platform has cleared several tests over the past months, including an independently performed penetration test, the implementation of an information security management system, the initiation of ISO27001 implementation, whilst it entered into strategic collaborations with charterers and owners.
Ocean Recap is entering now its final testing stage by making a limited number of spaces available for early adopters who would be encouraged to provide feedback.
Jeroen Wolthuis, CEO of Ocean Recap, said: “This is not just a service; it’s a commitment to preserving the integrity and privacy of our clients’ data while revolutionising how recaps and charter parties are managed. We invite brokers, charterers and owners to join us as early adopters and help shape the future of this critical industry.”
