Container interchange is an important part of the shipping industry. But it can also be a cumbersome one. The online platform at xChange provides services to help ease the burden of finding and making interchange partnerships.
But first, let’s talk about container interchange – and the importance of it.
Often shipping lines encounter having a surplus of containers in a given location. Therefore, they arrange a container interchange agreement with another carrier. This carrier moves the empty containers to a location that has a deficit of containers or active requirements.
Container imbalances are the result of trade imbalances and carrier-specific inefficiencies. These imbalance costs account for $20 billion globally.
To reduce the cost of repositioning empty containers, many carriers use services like xChange to interchange containers and reduce repositioning costs.
Easier to find new partners
However, sourcing partners for a container interchange can be difficult because of the lack of transparency in the market.
The process usually starts with searching for new partners in your network or on social media networks such as LinkedIn and Google. It can take weeks to find the right contact person, vetting the new partner. As well as setting up legal agreements ads on top of that.
Container interchanges are made to reduce container repositioning costs. But the long process of finding new partners quickly kills profit margins. That’s why most shipping lines or container owners only have a few container interchange agreements in place.
But there is a solution which makes the container interchanges more attractive for companies: Container xChange!
With our online platform, we connect container users and owners to help them find SOC containers and identify partners for repositioning. That’s basically an interchange from two different perspectives. Through our efficient online workflow, it is now easy to find new partners and make deals. The platforms take care of the time-consuming operational handling in a container interchange for you.
Alternatives to interchanging containers with your partners are selling the equipment at the end of its lifecycle. If you’re interested in interchanging your equipment, feel free to click on the banner below. Then we’ll show you how xChange can help your business gain more efficiency.