SaaS Platform to audit Container Ships and Oil Containers High ROI

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Initial Fee: N/A

Capital Req'd: $150,000

SaaS Platform to audit Container Ships and Oil Containers High ROI

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Startup Description

The software is currently running on 30 Container Vessels with a high traction rate. We are already in talks with major companies in Singapore, Dubai, UK to roll it out on approximately 100 Vessels by the end of this year.

Shipping industry still relies on decade old ways and methods of compliance methods. A SOLAS (Safety of Life At Sea) checklist which keeps container ships compliant on various maritime industry norms contains approx. 3000 points. Safety Audit was still being managed in a conventional way of doc and excel files, ticking each point while auditing the ship. We spent days with captains and auditors to understand the nitty gritty of an ISPS, MLC, ISM auditing of container ships and oil/chemical tankers and the pain of the vessel management companies and owners at large. They were unable to maintain the huge paper pile or track the individual vessel performance, which is crucial to save owners money. A case of port detention may cost them millions of dollars each year.

We developed a SaaS application capable of conducting the entire audit easily, can capture signatures and sync the report at ease with the robust back-end capable of notifying the supervisors, fleet managers in case any findings/observations are reported. With comprehensive reports and Basic Cause Analysis plus, circulars ShipSafe has become an apple of the eye to our customers. It requires no internet connectivity whilst audit is being carried out on the ship. Also, boasts of a unique feature of generating Photo reports. Export of relevant documents can be submitted to the authorities with a click of a button.

We are looking to raise $250,000 on a convertible note

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Detailed Information

Existing Units:
Competition is pretty scarce, handful of software available in the market which are addressing the concern but ShipSafe™ has an edge over them due to unique features.
All Financials are Projections and are available upn request
Support & Training:
Support Team and Training Manual is available
Business Website:
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