TTEX Launches Market-First Global Trading Platform For Commercial Cargo Ships

Global trade remains a backbone for continued economic growth. As an integral part of this, the maritime industry needs to stay competitive and optimise utilisation of costly vessel assets.

TTEX, a company registered in France, is pleased to announce the launch of The Tonnage Exchange, a market-first global trading platform that delivers exciting new value propositions to maritime industry participants.

The Tonnage Exchange ( is a market-first digitally based management tool that, without increasing participants’ risk profile, facilitates strategic agility and through new ways of optimising assets provides new revenue streams for a variety of industry participants.

Image Credits:

It offers opportunities to swap tonnage on Sale, Sale/Leaseback and Charter Party terms and is relevant to multiple parties, including Ship Owners and Operators, Oil Companies, Traders, Banks, Private Equity Investors and Shipyards.

The idea for The Tonnage Exchange has been years in the making and is founded by senior industry executives, who have spent decades in C-level positions in maritime companies around the world.

Founder Per Wistoft says that: “When considering your company’s asset position, you often find yourself restricted and unable to act because of for instance book values exceeding market values, assets not being suitably located geographically or your risk position limiting a desire to explore strategic changes. The Tonnage Exchange is a strategic management tool and platform for moving and optimising assets. It provides new ideas and alternative solutions on how to deal with these well known, but often complicated, business challenges.”

Co-founder Michel Deleuran adds: “Those are just a few examples of real-life challenges that we have experienced during our careers in the maritime industry. With The Tonnage Exchange we aim at providing industry players with new options in an efficient manner, wherefore business is conducted in four simple steps. Importantly, asset registration is free of charge and 100% private and confidential.”
The Tonnage Exchange does not broker the tonnage and should be regarded as an additional tool to that of traditional ship brokering. After registering as a user, with subsequent registration of vessel availabilities and requirements, the platform reacts with swap suggestions. Banks and other financial institutions are also able to indicate the availability of Sale/Leaseback Transactions.

Prior to the launch of the platform, a proof of concept process involved meetings with C-level industry executives, who expressed recognition of what the platform aims at solving. Several maritime companies have committed to registering tonnage availabilities and requirements from the outset, which should allow The Tonnage Exchange to provide its users with new business opportunities very early.

Commercial and technical administration of the platform is managed from France and Denmark, while Associates with significant international shipping experience and select international shipbrokers markets the platform worldwide from Australia, Denmark, Dubai, France, United Kingdom, Singapore, Switzerland and Vietnam. The number of Associates is expected to increase as The Tonnage Exchange gains traction in the global maritime transportation markets.

Press Release

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

Latest Shipping News You Would Like:

Get the Latest Maritime News Delivered to Your Inbox!

Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.

One Comment

  1. Hello friends, its enormous paragraph regarding tutoringand
    entirely explained, keep it up all the time.

Leave a Reply

Your email address will not be published. Required fields are marked *