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Live from Sea Asia

ShipServ forecasts $3bn in trade volume in 2015

ShipServ forecasts $3bn in trade volume in 2015
E-procurement platform ShipServ expects spending through its system by shipping and offshore companies to hit $3bn for the first time in 2015.

ShipServ reported a total trade value of $2.5bn through its platform last year. There were over 2.6m requests for quotations (RFQs) in 2014 a 15% increase over the previous year. The 55,000 suppliers on the system saw 4.2m searches for marine equipment and supplies last year, up 20% on 2013.

”The fact that ShipServ has experienced exceptional growth at a time when the maritime and offshore sectors are facing the ongoing pressure of economic uncertainty, a fragile market recovery and tight operating margins, is evidence of the value of the e-marketplace,” said Paul Østergaard, ceo & founder of ShipServ.

“It is clear to see that the e-marketplace is enabling procurement teams to source and deliver cost-savings and operational efficiencies with unprecedented speed, whatever their requirements. Indeed, 50% of RFQs sent via ShipServ receive a response in less than 24 hours,” he added.

With ShipServ forecasting a trade value of $3bn in 2015 the company believes the trend towards e-procurement is set to continue.

“We expect 2015 to be another exciting year as the adoption of e-procurement continues to widen and accelerate across the shipping and offshore industries,” Østergaard stated.

“These sectors are seeing a rapid rise in the use of digital technologies, both at sea and onshore, and the rise of the e-marketplace is a fundamental part of this.

“This trend is set to continue through 2015 and beyond, not least because it allows both suppliers and buyers to react in the most agile and efficient way to changing market conditions, whether that is the positive impact of reduced fuel costs in the shipping sector, or the challenges posed for offshore operators by the sharp fall in oil prices.”

ShipServ’s buyers include over 200 of the world’s biggest shipowners, managers and yards, including Anglo-Eastern Shipmanagement, AP Moller-Maersk, BW Fleet Management, Chevron Shipping, CMA Ships, Keppel Shipyard, MSC Ship Management, Scorpio Shipmanagement, Thome Shipmanagement, and Vroon Offshore Services.

ShipServ will be exhibiting at the Sea Asia 2015 at Stand 104, Hall B2.