Independent Online Shipping Exchange Launched

Shipping finance specialist Tufton Oceanic is reportedly launching an independent web-based shipping chartering exchange with a group of e-commerce and investment companies. The exchange, to be called ShipDesk, aims to become the definitive independent chartering exchange, benefiting all market participants, a spokesperson said.

ShipDesk, which will go live later this year, has been developed in conjunction with U.S.-based electronic market developer OptiMark Technologies, European e-business investment firm antfactory, and private equity group Whitney & Co.

The site will provide a confidential exchange for wet and dry bulk commodity trade from shipment to voyage completion.