Currency exchange for the Shipping Industry

Currency exchange for the Shipping Industry

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Save time and money on foreign exchange and global payments within the shipping industry

In an almost entirely globalised industry, shipping and logistics providers rely on a number of international factors including currency exchange.

Every journey within the shipping industry plays its part in the international supply chain and relies on cross-border relations as well as a number of interaction points. That’s why movements in the currency markets can not only affect your profits and bottom line, but also the day to day operations of every vessel.

 

How foreign exchange can affect the shipping and logistics industries

Every shipping provider may be required to make a number of international payments to pay for a single journey, from crew salaries to on-board supplies and docking fees. 

All of these expenditures must be settled at different points before and after the journey, while local port authorities may even have different payment procedures. This could result in a typical day requiring you to make multiple payments in different currencies to pay for your vessels around the world.

With this in mind, we’re delighted to offer a flexible and cost-effective currency exchange solution that works to save you both time and money.

 

How we can help your business save money

We can help you navigate your way through the foreign exchange market and save money on payment routes. We do this by leveraging our local clearing capabilities to help solve the complexities of settling to local port authorities worldwide. 

Your business account provides you the flexibility to pay crew members around the world on an ad-hoc or recurring basis, while our solution allows you to minimise cash on board vessels through account and card services to operators and the crew. 

Our team of experienced account managers look after thousands of businesses, a large proportion of which work within the shipping industry, enabling us to propose tailored solutions to help protect their bottom line. With global payment solutions for international businesses, as well as our FX solutions, we work to take the stress and cost out of foreign exchange.

What we can offer your business

Market updates to keep you informed of the currency movements

Market updates to keep you informed of the currency movements

Easy upload functionality for mass payments

Easy upload functionality for mass payments

Competitive pricing giving you access to more than 15 liquidity providers

Competitive pricing giving you access to more than 18 liquidity providers

Exchange more than 120+ currencies

Exchange more than 120+ currencies

Foreign Exchange Solutions

Foreign Exchange Solutions

Our team will work with you to identify your individual requirements and be able to suggest products including Spot Contracts, Market Orders, Forward Contracts to meet your foreign exchange needs.

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Forward Contract

Forward Contract

Learn more on how a forward contact can help manage against FX volatility and accurately project cash flow and revenue for your business.

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Sector Expertise

Sector Expertise

Every industry has its own challenges and it is imperative that your foreign exchange and payments provider understands these to deliver first-class solutions to suit your needs.

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