Shetland Seafood Auctions in Lerwick and W. Stevenson & Sons of Newlyn have become the latest companies to sign up to cloud digital trading platform, KOSMOS.
Shetland Seafood Auctions has opted for total online auctioning with the purchase of two clocks bringing the catch to 50 registered users. Shout auction Stevenson & Sons has ordered KOSMO for two clocks for a total of 100 users, under the aegis of its shareholder, Ocean Fish.
“We have chosen the KOSMOS trading platform because it will allow buyers to purchase fish from Shetland on any device,” said Martin Leyland, chief executive of Shetland Seafood Auctions.
“The KOSMOS system also offers buyers access to more information on screen and has the potential to speed up the sale. This will enable us to sell and distribute a higher volume of fish landings,” he added.
The first British fish auction to introduce KOSMOS was Brixham Trawler Agents (BTA) who installed the platform in June 2019.
“The decision to end shout auctioning was made back in 2017,” said Barry Young, chief executive at BTA. “Rather than investing in costly software and hardware, BTA wanted to invest in a game-changer.”
Barry Young said that KOSMOS encouraged more fishermen to land their fish in its port, attracting 20 additional UK-based buyers and 15 from the continent, increasing prices by around 12%.
“We are very glad we took the plunge to switch to the KOSMOS system,” he said. “KOSMOS has potentially put BTA years ahead of its competitors in becoming the leading fish market in England.”