reason that maritime - as usual - will be slow to catch the wave. A frantic dash to set up tanker trading and information websites is being touted as the end of the traditional shipping marketplace, but insiders say there will be no overnight revolution. Two oil majors last week joined forces with the biggest shipbroker and leading agribusiness trading house to set up an online shipping exchange which aimed to transform the $100 billion market in moving bulk commodities by sea. Other shipbrokers are now rushing to update their websites and a rash of dot.com shipping information ventures are also in the pipeline. But many in the industry say it is unlikely the web revolution will undermine the secretive tanker broking trade.
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