Marex Announces Significant Growth

Monday, April 09, 2001
Marex.com, Inc., a marine industry B2B e-commerce company, announced that it has achieved rapid and significant growth in the number of builders and suppliers currently online and using the company's two e-commerce products, MarExpress! and MarexPO!, to facilitate electronic procurement. The company reported that 15 builders and 50 suppliers are now "live" and utilizing the Marex system, an increase of 76% over the number of members online at December 31, 2000. Recently, Marex reported that since the launch of its e-commerce products in June 2000, more than $6 million worth of orders had passed through the Marex system in e-procurement transactions linking boat builders and suppliers -- more than 40% of which occurred in February and March alone. To date, 120 leading marine suppliers and 39 internationally recognized boat builders have signed contracts to use MarExpress! and MarexPO! "The speed with which we are bringing current members "live" and using the Marex system for e-commerce transactions is a major component of our success," said David Schwedel, Marex's CEO. "We are particularly pleased about the rapid growth in the number of suppliers online, because as we approach critical mass on the supply side, we can focus our efforts on enlarging the scope of our buy side."
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Workboats

Third RAmparts 2500 Tug for SMIT-Rebras

Keppel Singmarine BrasilLtda. (KSMB), of Navegantes, Brazil has recently completed the construction of the SMIT PanarĂ¡, the third of a series of six Robert Allan Ltd.

Smit Lamnalco Aids Transfer of Largest HVDC Platform

Five vessels of Smit Lamnalco, the global marine service provider, played the key role in the unberthing and float-over of the world's largest high voltage direct current (HVDC) platform,

Kirby Awards ATB Contracts to Bay Shipbuilding

Bay Shipbuilding Company (BSC) of Sturgeon Bay, Wisconsin, a subsidiary of Fincantieri Marine Group (FMG), has been awarded a contract to build two 155,000-barrel capacity barges and two 6,

 
 
Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0732 sec (14 req/sec)