IUM Shipmanagement and Fuji Trading make ShipServ’s 1,000,000th transaction

ShipServ is very pleased to announce that the one millionth transaction has been conducted using its TradeNet e-commerce platform. The transaction, sent on Friday 15th July 2005, was between Norwegian IUM Shipmanagement AS and Japanese global supplier, Fuji Trading Co. Ltd. The 1,000,000th transaction comes just under five years since ShipServ went live on the 24th July 2000.

At a ceremony in London Paul Østergaard, Founder & CEO of ShipServ, presented Mr Jan Nilsen, Vice President of IUM and Mike Morino, Managing Director of Fuji Trading (Marine) BV, each a unique piece of glass sculpture commissioned by ShipServ to commemorate the event.

Paul Østergaard of ShipServ commented, “I am extremely proud that we have reached this milestone, and would like to thank all those who have been involved in this venture - both the fantastic team we have at ShipServ, and the companies, both ship owners / managers and suppliers, who continue to use us to work more efficiently’.

He continued, ‘We have seen a great deal of change in the five years that we have been in operation. The last time ShipServ celebrated such an event was four years ago on its first live trading birthday. Then, we announced a “record” level of 2,970 transactions for the month of June 2001. Four years later and we are doing the same number of transactions every day, and expect to reach our two millionth transaction in just eight months. It confirms my belief that by the end of this decade, the vast majority of shipping companies will be transacting electronically with their trading partners.’

The 1,000,000 transactions to date represent an estimated total value of USD 300 million, which makes ShipServ TradeNet the world’s largest e-commerce platform for ship supplies trading. The service is neutral to supplier and buyer interests.

IUM’s Jan Nilsen stated, “I would like to thank ShipServ for this award, and also for their innovative solutions that have helped us make significant savings over the last four years. ShipServ has made a genuine and very positive difference in the way that we are able to do business, and I look forward to continuing to work with them.”

Mike Morino of Fuji Trading and also a board member of the International Marine Purchasing Association (IMPA), commented, “ShipServ has helped not only Fuji but all the world’s major suppliers to transform their operations. We are delighted to have played our part and to receive this beautiful award.”

The Awards pieces were made by Sally Fawkes, one of Britain’s leading glass artists, who has excellent maritime credentials having recently installed an 8 meter long sculpture in one of the public spaces on the “Norwegian Jewel”, the new Norwegian Cruise Line ship to be launched in August. In addition, Sally completed a piece in 2004 for the “Arcadia”, the P&O Cruises’ ship. The pieces are engraved with “1″s and “0″s to represent both the transaction and the binary nature of computing.

Photos: Photos of the presentation and the awards.

This entry was posted on Thursday, July 28th, 2005 at 2:23 pm.