-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.