Page 15: of Maritime Reporter Magazine (February 2001)

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Level Seas Gets New

Round Of Investors www. levelseas. com

LevelSeas.com recently announced its second round of investors. A total of 26 companies, representing a wide-spec- trum of the bulk ocean transportation industry, have agreed in principle to invest and become participants.

The 26 new companies in

Levelseas.com include the likes of

Armada shipping, Fednav Ltd., Lau- ritzen Bulkers, and A.P. Moller, join BP.

Cargill, Clarksons and Shell.

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ZoHaku Web Set For

March Launch

The Japanese shipbuilders and ship machinery suppliers are still on target to deliver its Internet presence, ZoHaku

Web Ltd., beginning in March. The new company is planned as an information exchange service, designed to improve the efficiency of equipment procurement in the shipbuilding industry. The research project behind the product has been in operation since 1998, coordinat- ed by the Ship & Ocean Foundation with support of the Nippon Foundation.

More than 50 companies are current shareholders in the company, including shipbuilders and ship machinery suppli- ers.

Major Ocean Carriers Partner

To Launch E-Commerce Solution

Nine of the world's leading ocean car- riers are joining forces with Tradiant in a partnership that is designed to enable importers and exporters to greatly sim- plify the process of containerized trans- portation at a significant cost and time savings.

The carriers have collaborated with

Tradiant in a multi-million dollar part- nership to launch a new initiative in the first quarter of 2001. This is a complete- ly neutral technology platform that will facilitate transactions between the vari- ous parties involved in international trade.

Carriers involved in the project include: APL; CP Ships the contain- ershipping business of Canadian Pacific

Limited — which includes ANZDL,

Canada Maritime, Cast, Contship Con- tainerlines, Lykes Lines and TMM

Lines; Hanjin; Hyundai; K. Line; Mitsui

OSK Lines; Senator Lines; Yang Ming; and Zim Israel Navigation Co. •Negotiations are currently underway with other transportation providers that also may join as founding partners. "This will fundamentally challenge the process of getting goods around the world," the carriers said. "Our common objective is to leverage this Internet plat- form and drive superior customer ser- vice and lower transactions costs for both customers and providers. This is truly realizing the promise of the Inter- net."

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.