Shipvertical Internet Group News

Much as has transpired in mainstream consumer markets, the dot com craze has recently enveloped the maritime world with promises of cost savings and operational efficiencies. While an attrition and natural process of consolidation can eventually be expected, the world of e-commerce solutions for the maritime market is definitely in its infancy. While it is impossible to judge the full working models in this report, the following text contains synopsis reports on some of the more noteworthy market entrants. Recently launched by Boston-based WebPark Corp., Boat-Park.com is an on-line virtual trade show, which seeks to bring together worldwide participants into its virtual trade show, which is open 24/7.

ShipVertical Internet Group has signed an agreement to enter into partnership discussions with Marine Digital, the Korean-based global maritime marketplace for shipbuilding, ship cargo, ship bunkering, ship sale & purchase, and fishery markets. The agreement enables both parties, ShipVertical Internet Group and Marine Digital, to exchange products/service platforms on the web, to mutually benefit from each party's distribution network, to develop new products for niche markets jointly and to do businesses of both parties via a shared global network of suppliers and ship managers/operators.

shipment of goods worldwide, to provide online services for the maritime sector. The agreement enables both parties, ShipVertical Internet Group and DHL International, to collaborate in the offering of forwarding services to the shipping industry, to utilize their distribution/sales networks to mutually market their products and services and to develop new products for niche markets jointly. "ShipVertical is continuously adding a logistics support to its marketplace. DHL maintains very strong business leads in Europe, Latin America and Asia. A large number of our customers are based and operate out of these regions. Through ShipVertical…