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ShipServ’s e-procurement Solutions Expand

Maritime Activity Reports, Inc.

November 7, 2005

ShipServ announced that Chevron Shipping Company and Seabulk International have contracted to conduct their procurement business via ShipServ’s TradeNet trading platform. ShipServ established a foothold in North America, by adding a number of blue chip clients and breaking into new sectors such as LNG, cruise ships etc. Chevron Shipping, San Ramon, California, signed on its tanker fleet currently at 25 ships, including the, Northwest Swan, an LNG vessel operated by an affiliate of Chevron Shipping on behalf of the North West Shelf Venture Gas Project. Seabulk International, Fort Lauderdale, Florida, who operate one of the largest USA tanker fleets, will use TradeNet for all purchasing for their fleet of ten petroleum product and chemical tankers. “Chevron Shipping and Seabulk, together with other ShipServ TradeNet Members Keystone, OSG, Fairmont and Tycom, make for a real blue-chip presence in the American shipping markets. We have also made inroads into the cruise industry.” comments Peder Arstorp, Director of Sales, Americas, the most recent addition to the US operations.

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