Problem:

100 million of these shipping containers go 25 to 40% empty from one port to the other. The emissions from the diesel fuel during these trips are wasted emissions.

Solution:

Make it easier for shipping companies to find full containers.

In 2016, Sheikh Ahsan Tariq, Hood Al Hoqani, Hamza Al Kharusi, and Wajiha Khalid Paracha of Muscat, the capital and largest city of Oman, founded Cubex Global, created a online digital marketplace, built on a secure blocktrain, for sea freight where ocean freight forwarders can buy, sell and bid on empty container space in real-time, thus enabling them to recover as much as $25 Billion in lost revenues on an annual basis on top of sustainably decarbonising as much as 20% on emissions.

Very soon, Cubex Global had 2,000 active shippers and carriers on its platform with its services being used in the Arab Emirates, Asia Pacific, and some parts of Europe.

With further funds raised by Oman Technology Fund as part of its Wadi Accelerator, Cubex has been able to expand across six continents by opening new branch offices in China, Singapore, and Taiwan.

The Omani startup had recently also won Ocean Challenge by World Economics Forum where it competed with 50 startups from the world.

What you can do: If your company is freighting goods in container ships, think of using the Cubex system.

Discover Solution 83: Biodegradable contraceptives

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