Canada’s MineHub Technologies says the launch of real-time vessel tracking on its Jules AI platform closes a key gap in maritime logistics visibility for small and mid-sized commodity traders and scrap metal recyclers.
The launch advanced MineHub’s strategy to deliver a synergistic end-to-end digital platform across primary and recycled metals markets, CEO Andrea Aranguren said.
“By extending to Jules a capability already proven within the MineHub platform we are making real-time maritime visibility accessible to SMB traders and recyclers for the first time,” she said.
“This is exactly the kind of cross-platform synergy that makes the MineHub Group greater than the sum of its parts and we believe it positions Jules as the most complete digital trading platform available to commodity SMBs.”
MineHub says global dry bulk shipping, worth an estimated US$168.5 billion last year and up to $250 billion by 2035, is one of the largest and least digitised segments of global maritime trade. Breakbulk vessel tracking on Jules leverages nearshore and satellite vessel tracking data to provide real-time positional updates, voyage status, and estimated arrival information for bulk vessels carrying commodities including ferrous scrap, concentrates and other raw materials.
The company believes this capability materially improves operational decision-making for the SMB trading and logistics teams that have historically had to operate without it.
Toronto-listed MineHub reported nearly C$1 million of revenue for the six months to June 30 this year, up 39% year-on-year, on US$16.4 billion of “total gross merchandise value” managed on its digital platforms.
