PR89040

SINGAPORE, April 19, 2021 /PRNewswire=KYODO JBN/ --

-Harnessing digital transformation for today's vessel sales and purchase

COVID-19 adversely disrupted shipping; world supply chains ground to a halt by

travel restrictions with numerous economies spiralling into recession. Marine

Online demonstrated its resilience against the pandemic with digitalised vessel

sales and purchase through one platform, with value-add services.

Marine Online replaces traditional vessel sales and purchase with technology;

its smart matching system integrates data of over 200,000 ships of various

makes, including new shipbuilding services from global shipyards. This

facilitates effective sourcing for the best-matched vessels according to

specifications, accompanied with a detailed listing of certifications and

surveys. The channel also offers insightful data such as vessel real-time

locations, valuation ranges, plus latest news in world maritime – to protect

clients' interests and enable informed decisions.

After the transaction, shipowners can access a comprehensive suite of maritime

services at competitive rates for their newly purchased vessel, including

towing, inspections or maintenance - all conducted by Marine Online's network

of global authorised service providers. Above all, shipowners have the option

to promptly pay for the services using Marine Online issued credits. Throughout

the whole process, both buyers and sellers are guaranteed of business

confidentiality.

Sam Ng, vice president of Marine Online's sales and purchase team remarked:

"Maritime is the backbone of international trade; with 80 per cent of global

trade volume and 70 per cent of global trade value are carried by sea and

handled by ports worldwide. Our platform converge buyers, sellers and service

providers to support the shipping ecosystem. It is our step to evolve from

traditional approaches to achieve sustainable shipping success with

digitalisation."

Marine Online is a client-centric platform providing maritime professionals

with value-add solutions. To date, Marine Online has transacted for both buyers

and sellers worldwide including Indonesia, China, Singapore and Vietnam.

About Marine Online (Singapore) Pte Ltd

Marine Online is the world's first one-stop integrated platform specialising in

maritime services for the global market. Launched in 2019, it has provided

various maritime services through its revolutionary A.I and Big Data enabled

platform to regional ship and cargo owners. With its portfolio of 8 major

services, Marine Online shapes the future of maritime by using cutting edge

technology to create business opportunities and connections. For more

information, visit marineonline.com

SOURCE Marine Online (Singapore) Pte. Ltd.