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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Workboats

ABB's New Azipod Thruster

ABB has released details on its latest generation Azipod thruster, a unit which ranges in power from 1.6 megawatts to 7 megawatts (MW) and is intended to serve a growing electric propulsion market.

BHGI-designed ATB Unit Under Construction

Bristol Harbor Group, Inc. (BHGI) informs it is currently completing the detail design phase of a 399’ x 74’ x 30’ 80,000 BBL double hull oil tank barge and a 120’

Horizon Delivers Second 80’ Towboat to FMT

Horizon Shipbuilding, Inc. announced the delivery of another 80’ Inland River Towboat, the M/V Chip Stiebing, to Florida Marine Transporters (FMT) of Mandeville, La.

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1593 sec (6 req/sec)