ShipServ is the world’s leading e-Procurement platform for the marine industry, and was founded in 1999.

The ShipServ proposition is simple. It helps shipowners and ship managers to find the best suppliers easily, trade efficiently and build trusted relationships. Buyers speed up their purchasing process and save money.

Suppliers serve their customers better and find new customers and markets.

ShipServ now has over 260 shipowners and managers, representing 10,000 vessels, connected to the ShipServ platform. The significant increase from last year has come from 13 new full integrations, including CPO Containerschiffreederei, Latsco Shipping (formerly CMM), Golar LNG, BOA Management and Patriot Contract Services, signing on in 2018. The remainder of the increase has come from ShipServ’s BuyerConnect solution.

BuyerConnect was launched to enable suppliers to benefit from their connection with ShipServ, even with buyers who are not fully integrated on the platform. This solution has created significant interest.

In 2018, the total number of transactions placed through the ShipServ platform also hit a record high of 7.9 million. The number of suppliers who have a listing on ShipServ Pages now stands at 73,000, all benefitting from the opportunity to gain exposure on the world’s largest marine search engine. In addition, they all can trade through the ShipServ platform increasing transaction efficiencies and winning more business through faster turnaround times in responding to RFQs. Suppliers can trade for free or take advantage of a range of paid solutions.

Commenting on the record results, Kim Skaarup, CEO, ShipServ, said:

“The record growth of buyers and suppliers using the ShipServ platform reflects the on-going digital transformation of the shipping industry.

Ship operators are seeing the commercial value of using technology to increase efficiencies and reduce costs, which is more important now than ever before as we head into 2020, where operating costs will increase on the back of the global sulphur cap. And suppliers to the industry also recognise the brand and business opportunities of trading in a digital environment. While the digitalisation of the industry is often seen through a futuristic lens, e-Procurement is one of the most viable first steps of that digital journey that both buyers and suppliers can benefit from right now.”