Five shipbroking majors unite to launch Ocean Recap solution in the Recap & Charter Party management space

In a pioneering collaboration, five of the world’s leading shipbroking firms—Arrow, Gibson Shipbrokers, Howe Robinson, Ifchor Galbraiths and SSY—have united to introduce Ocean Recap – a purpose-built Recap and Charter Party management platform. This innovative solution is set to transform the Recap and Charter Party landscape, providing a data ‘safe haven’ for Charterers and Owners while championing independence and security within the maritime industry.

Developed in partnership with Signal Ocean, Ocean Recap has been meticulously crafted over the past 18 months to address the growing concerns of monopolisation and data security in the Recap and Charter Party space. With a focus on creating an industry-first solution, Ocean Recap has already demonstrated its value during rigorous internal testing, producing over 1,000 Charter Parties for more than 75 Clients across both the Tanker and Dry markets.

Ocean Recap’s journey began 18 months ago with a shared vision from its founding partners. In a rapidly changing digital C/P landscape they recognised that the pace of consolidation could result in a Recap and Charter Party data-oligopoly at best, and a monopoly at worst.

To address this, the shipbrokers partnered with Signal Ocean to ensure Ocean Recap’s independence and neutrality. Structured to operate independently, the platform inherently provides a secure environment for customer data.

Ocean Recap’s development has been marked by several key milestones, including the completion of an independently performed penetration test in August 2024, the implementation of an Information Security Management System in September 2024 and the initiation of ISO27001 implementation in October that year. In December 2024, the platform entered into strategic collaborations with notable charterers and owners, validating its proposition even further.

From today onwards, Ocean Recap will enter its final testing stage by making a limited number of spaces available for charterers and owners who would like to engage as early adopters and contribute to the project with their feedback and ideas. Following this, a general release to market is scheduled for mid-2025, thereby signifying a new era in the Recap and Charter Party space.

Sharing his vision for the platform, Jeroen Wolthuis, CEO of Ocean Recap, comments: “Ocean Recap represents a defining moment for the maritime industry. By uniting some of the most respected names in shipbroking, we are creating a platform that prioritises independence, security, and industry collaboration. This is not just a service; it’s a commitment to preserving the integrity and privacy of our clients’ data while revolutionising how Recaps and Charter Parties are managed. We invite Brokers, Charterers and Owners to join us as early adopters and help shape the future of this critical industry.”

Early adopters are invited to register for free on the Ocean Recap website as of today. This is a unique opportunity to gain early access to Ocean Recap and help define its future development.
www.oceanrecap.com