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The Tonnage Exchange – swap shop for ships

The latest online platform for shipping – The Tonnage Exchange (TTEX) – aims to match vessels for swap sale, sale and leaseback and charter transactions.

In what they claim is an industry first TTEX has been launched by two industry veterans Per Wistoft and Michel Deleuran. The digital-based market place offers opportunities to swap tonnage on sale, sale and leaseback and charter party terms for owners, operators and other parties.

“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,” said TTEX founder Wistoft.

The platform providers registered users with swap suggestions and is seen as an additional tool to shipbroking.

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TTEX 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.”

The founders said the platform was developed as a proof of concept with c-suite executives and several undisclosed companies have committed to register tonnage availability.

The platform is commercially and technically managed from France and Denmark.

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