A Virtual Agency Network which connects Cargo Owners, Ship Owners and Ship Agents globally.
PortDA is an operating Virtual Agency Network controlling more than 50% of the general cargo shipping business between China and GCC; and now the plan is to be a global player.
There are more than 53,000 merchant ships trading internationally (statista.com). In addition, according to the World Shipping Council, the average ship makes about 2 port calls per week. As a result, the market size is 53,000 x 2 port calls per week x 4 weeks x 12 moths = 5,088,000 port calls per year and this number is increasing every year.
Problem or Opportunity
Time is a very important factor in shipping business and for any ship owner to get the cargo business he/she needs to calculate the cost of shipment and offer a freight rate to the cargo owner as soon as possible to avoid losing the business to another faster competitor. However, traditional port agents takes up to 24 hours to send the port expenses to the ship owner because of the time difference between countries and slow calculation process.
Solution (product or service)
PortDA.com has created a revolutionary Port Dues Calculator which provides port costs in few seconds for major ports of more than 100 countries globally.
Note: We are the only global service provider with a US patent application.
We are the only global service provider of the Port Dues Calculator with a US patent application.
Advantages or differentiators
Being the only global service provider of the smart Port Dues Calculator with a US patent application gives PortDA a competitive advantage than any other traditional agency networks.
Depending on the investment and marketing budget, we can assume to have a target market share between 1% to 5 % in the first 3 to 5 years, this is between 50,880 to 254,400 port calls per year.
As we stated above section, our agency network is charging the agent a commission of 1000 usd per port call against securing the agency business.
Money will be spent on
Global expansion, customer acquisition, software development.