Why we do what we do
It was during the peak Covid years that the container industry went into chaos. There was global disruption, scarce container inventory and skyrocketing freight rates. Global exporters and importers depending on containers, were forced to charter dry bulk vessels to sustain supply chains. Our founder, also an exporter, had to move from containers to dry bulk vessels.
However, it proved to be a very challenging move! The entire dry bulk industry is running in the dial-up era, in which charterers reach out to multiple shipbrokers manually by email and phone, send them open cargos and wait for them to respond with available vessels and freight rates. On the other hand, shipbrokers also send available vessels to charterers every day with the hope of getting open cargos to match.
Each shipbroker has a limited network of vessel owners/operators, hence they may or may not be able to find the best option every time for the charterer’s needs. In many instances, another reliable shipbroker (you may never know) may be able to find the best vessel and the most competitive freight! So, the charterer is never sure he has got the best deal.
When the volumes are in thousands of tonnes, each cent multiplies into a significant amount. Shouldn’t there be a better way to fix dry bulk vessels? All industries have a go-to digital marketplace: think Amazon and eBay for consumer products, Alibaba for business to business, OLX for classifieds, Freightos for container shipping.
Make dry bulk chartering quick and easy by bridging the gap between charterers and reliable shipbrokers worldwide.
Crab caters to various stakeholders in the dry bulk shipping eco-system, directly or indirectly. Our marketplace is aligned with the industry needs and helps solve a significant but invisible problem. Digitization of freight search is the first step towards a more efficient dry bulk shipping eco-system.
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