Teledata bags $1 m Chinese shipping order

NEW DELHI: Teledata Informatics has announced that it has bagged an order worth $ one million from Sinotrans Shipping, Beijing. According to the company, this is the first time an Indian marine software company has broken into the Chinese shipping market.






Sinotrans Shipping Ltd is China's National Foreign Trade Transportation Group's base in Hong Kong and handles crewing, technical supervision, ship operations, insurance and claims consultancy, procurement and accounting. It also has a port agency network in all Chinese ports. The fleet has both bulk carriers and container ship with a Gross Registered Turnage (GRT) of two million tons.





Sinotrans will use Teledata's Ship Manager in its fleet of 34 vessels and in its onshore offices. The company will implement this order in two phases at a cost of $ 750,000 and maintenance at an extra cost of 15 percent per annum. Sinotrans hopes that the company's solution will pay for itself within two years of implementations.





Teledata director K Padmanabhan stated "We are confident of executing this order in six months time and will also provide annual maintenance of the software and constantly provide upgrades at an extra cost". He added, "A Chinese version of the Ship Manager Software will be released soon. This breakthrough would open doors into the large Chinese shipping industry for the company."