Port terminal operator DP World confirmed it’s discontinuing SeaRates, its standalone digital logistics platform.
“Reorganization and restructuring are a traditional a part of managing a world enterprise, the corporate stated as we speak in a press release to BigRig. Our enterprise priorities have developed, and as a part of the traditional course of reviewing and simplifying our operations, we’re not utilizing the SeaRates enterprise globally.”
The corporate supplied no particulars.
A LinkedIn submit by SeaRates founder Sergey Dzhashytov wrote that he had been receiving questions concerning the “discontinuation of SeaRates digital companies” and stated firms that relied on these companies had been searching for alternate options. His public profile signifies that his DP World working position led to March 2026 and that his listed tenure as founder and chief govt of SeaRates.com led to Could 2026.
The SeaRates web site was nonetheless working as of Thursday with no public announcement posted there or on the DP World website.
SeaRates is a third-party market and freight-booking platform that gives quotes, ERP, monitoring, rate-management and white-label merchandise.
DP World acquired SeaRates in 2020, on the time calling it an vital step within the firm’s effort to increase its position past ports and terminals and into digitally enabled, end-to-end logistics.
Additionally unknown is how the transfer might have an effect on the Digital Freight Alliance, a world community of forwarders established by DP World.
The reported resolution might point out that DP World is narrowing its know-how focus towards platforms extra intently built-in with its core logistics, terminal and cargo-flow operations.
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The submit UPDATE: DP World shutting down SeaRates digital freight platform appeared first on BigRig.