Eight Functions of SHIPPINGMART

The first function of SHIPPINGMART is to provide the shipping companies with online purchasing. SHIPPINGMART is a logistics supply chain service system integrating three links. The front-end is a huge market customers, the middle is SHIPPINGMART booking service platform, which is formed by SHIPPINGCHINA and logistics companies joining SHIPPINGMART from all over the country. Specifically, SHIPPINGCHINA provides an online platform and operating rules and the concrete freight services are provided by logistics companies. The final end of SHIPPINGMART is ship owners. SHIPPINGMART collects large volume of goods at all port cities and hinterland cities and forward the cargoes to the ship owners with the highest efficiency, lowest cost to complete the entire operation of international shipping. At present, SHIPPINGMART has been carried out across 30 large and medium sized ports with 150 SHIPPINGMART members. In 2008 our online centralized purchasing capacity is of 2 million TEU.
The second function of SHIPPINGMART is to extent port services to China hinterland. In China, 80% of cargoes are transported from port cities and 80% of cargo sources are from China hinterland. How can coastal ports improve their competitiveness and get more cargo sources? The answer is that port must have service model innovation. SHIPPINGMART launches the concept of Virtual Port. That is, to extend the port service to hinterland area through an online e-commerce system. Export companies can experience factory packing, local customs, and then gets a bill of lading to the bank settlement quickly, shortening the process of export of goods and cycle. The rest of links are done by SHIPPINGCHINA and its logistics companies in accordance with the agreement. This will reduce logistics cost by 25% and greatly enhanced the export dependence on the port services, but also get more cargoes from ports.
The third function of SHIPPINGCHINA is to provide three-dimensional space for future development of logistics companies. At present, there are more than 20,000 freight forwarding companies and there are more than 2,000 NVOCCs, but there are 700 thousand logistics companies of all types. But there are market chaos and low economic efficiency. Therefore, there is a freight forwarding doggerel "To die fast, you do freight forwarding." SHIPPINGMART aims to re-establish the logistics market rules through integration of resources, for logistics companies in the market, service and economic benefits to provide space for development in three areas, freight forwarding companies can engage in more high value-added work, and began to shift from blue collar to white-collar workers
The fourth function is to provide value-added service for cargo insurance. China import & export volume is 2.56 trillion USD, so there is a potential insurance market of 2.56 trillion * 110%.  By providing on-line insurance, we lower the insurance cost of shippers by 20-30% and provide large amount of customers for insurance companies.
The fifth function is to give business opportunities to banks. During GSS, Finance and trust have become the most dangerous factors for China banks and China’s service industry. The trust loss has hampered the economy development. SHIPPINGMART enables the capital flow and can bring capital flow of 4 billion USD for international accounting. By opening o-line payment, we can cooperate with banks.
　　
The sixth function is to serve as bridge between China and world. China should establish closer relationship with the international world. SHIPPIGMART is a virtual international business bridge and can integrate port, shipping, logistics services so that a company in one country can be offered services by another country.
The seventh function of SHIPPINGMART is to enable one-stop service connecting custom clearance and inspection.
　　
　The eighth function is to provide the highly efficient service via IT technology. China has 600 million cell phone holders. By building mobile network, customers can trace the cargo transport to improve cargo accuracy.