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Orient Shipyard joins ShipServ TradeNet e-marketplace

Orient Shipyard joins ShipServ TradeNet e-marketplace

Seoul: South Korea-based Orient Shipyard has become the first shipyard to join ShipServ's TradeNet e-marketplace, which allows customers to trade electronically with suppliers. "From the moment we deliver a ship to a customer, they will know that all the parts in their ship can be ordered electronically," said Gideon Lee, md at Orient Shipyard, which is expected to produce 5,598,000 dwt at it's two yards in Busan and Gwangyang. "We are very excited to become ShipServ's first shipyard customer," he added.

"There is a great overlap between our extensive supplier base already connected to ShipServ TradeNet and the suppliers used by shipyards around the world," says Freddy Ingemann, ShipServ svp for sales. "Therefore we are easily able to provide yards with the same electronic purchasing benefits as shipping companies."

"This agreement shows the strength of our network and solutions. We have been able to implement electronic purchasing in a new market, i.e. the shipyard segment, within a short time,' he says, adding, "This not only means an increase in the number of suppliers connected to TradeNet, but also enables our existing supplier members yet again to grow their business."

ShipServ believes that electronic databases of the vessel's parts will be compulsary by future IMO regulations - especially the International Convention for the Safe and Environmentally Sound Recycling of Ships. These regulations are expected to set new standards for documents on inventory onboard ships with the intention of creating a "digital ship" to follow the life of every physical ship ?" both newbuilds and existing vessels.

Orient Shipyard's entry to the e-marketplace following in the footsteps of other companies such ASP Procurement Services, Dampskibsselskabet TORM, RKOffshore Management, Sealion Shipping, SMT Ship Management & Transport as well as Tidewater Marine who recently joined ShipServ's TradeNet.  The network currently boasts approximately 100 users.   [06/09/07]