ShipX (www.shipx.org) is the new Internet auction site for shipping. With increased ship breaking and a new focus on liquidation of surplus stock to improve cash flow, ShipX offers the opportunity of maximizing asset value in a competitive bidding environment. ShipX allows sellers to expand their market and maximise the price at a reasonable cost. A maximum cost of sale is assured with the no sale, no fee policy. The auction fee is 3%, to a maximum of $990, only if the auction is successful. There is no membership fee for either sellers or buyers. Sellers enjoy the benefits of a listing on a website with global reach, visited by more than 84.000 unique shipping users each month, and active online marketing.