Shipowners, Charterers Launch New Internet-Based Shipping Exchange

An international group of major energy, shipping and IT companies have joined forces to set up an independent shipping exchange: with operations based in Oslo and offices in Stockholm and Amsterdam.

The group consists of U.S.-based energy group Enron (; Norwegian tanker owner Frontline (; Swedish tanker owner Stena Bulk (; Brussels-based TransPetrol; and Stockholm based Colony 101 (www.colony 101 .com) is establishing an independent online exchange for the shipping market where owners of vessels or cargoes and their brokers can trade vessels and cargoes in real-time.

The exchange will be made available as an application service provider (ASP) and the portal will offer a total shipping information system available to all members of the international shipping community. The intention is for the company to eventually be publicly listed. will be designed to offer a total information system, providing maritime news and statistics, background information on maritime companies including main business activities, financial statements, fleet structure, vessel description and safety records, port information and disbursements.

The Board of Directors consists of a group of shipping and IT professionals: G. Stoutland, (Chairman); Finn Engelsen Jr., Steinar Sansteby, Scott Moncrieff, Hakan Swedin and Erik Augustsson

Maritime Reporter Magazine, page 15,  Nov 2000

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