Page 13: of Maritime Reporter Magazine (April 2001)

competitor, Houston-based SeaLogis- tics, and New-York based MaritimeDi- rect closed its doors forever. Yet another.

OneSea, indicated that a merger was imminent.

The news comes as little surprise as — for anyone who has not spent the last six months in a cave — it is painstakingly evident that the dollars behind specula- tive E-commerce start-ups are dropping faster than their stock prices. Simply put, with the world economy entering shaky new ground, less investment dol- lars are available, and fewer still for businesses that show little to no hope of generating significant revenues.

LevelSeas was founded by Shell,

Cargill, and London shipbroker Clark- sons in April 2000, to broker ships for cargoes over the Internet. It has always been seen by the shipping industry as the lead contender, closely followed by

SeaLogistics.

The deal with SeaLogistics is designed to strengthen LevelSeas' position in the tanker markets especially. LevelSeas' core business is e-broking, but the plat- form also offers voyage-management and risk management tools. Freight futures trading will also be offered.

The first major shipping e-broker to fold was London-based Shipdesk, which failed to re-open its offices in the New

Year, while MaritimeDirect had also talked of entering the e-broking market.

Online Design,

Drafting Offered

Shipyards and marine and offshore fabrica- tion facilities across North America are being offered a new way to fill their design and draft- ing requirements. Genoa Design International

Ltd. has launched a unique web-based system that facilitates the delivery of detail design and drafting services through the Internet.

From its base in Newfoundland, Canada,

Genoa Design manages projects through a combination of traditional and on-line technolo- gies. Detail design, drafting and 3-D modeling work is done by in-house designers and engi- neering technologists using industry-standard computer applications. Project management is handled through the Design Information Control

System, Genoa's copyrighted Internet soft- ware.

Genoa Design's system simulates on-site design teams while reducing costs for clients.

Using the system, clients can view work in progress and supply technical feedback in a secure online environment. "For most of our potential clients, production and detail design requirements fluctuate," explained Genoa Design's president, Leonard

Pecore. "We're offering them an economical and stable solution to meet their changing needs. They can get their work done right away with the added convenience of being able to vir- tually look over our shoulders at their work in progress, 24 hours a day."

Genoa Design has been serving the marine and offshore sectors since 1995. To learn more about the company and its Design Infor- mation Control System, visit the company's web site at www.genoadesign.com. o mj www.vanhallhealth.com

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