INTTRA, one of the world’s ocean shipping electronic marketplaces, has announced that it has acquired Avantida, the European market leader in empty container management for ocean carriers.
Avantida is headquartered in Belgium and currently conducts business in seven European countries. Enhanced coordination of land and ocean container movements generates efficiencies and reduces costs, and INTTRA’s entry into landside container logistics will provide additional value for existing and new customers.
Avantida’s core business – digitised, automated container reuse and repositioning – addresses a major challenge for ocean carriers, transport companies, terminals, depots, and other stakeholders. Industry experts estimate that empty container positioning costs the ocean shipping industry up to $20bn a year, approximately 40 per cent of handling costs.