ShipServ, the leading marine and offshore e-marketplace, has built further on its trusted position among ship managers with the signing of Hong Kong ship manager, ID Shipmanagement.

IDSM is the ship management arm of Investment Group Denmark A/S and is currently responsible for the technical management of 15 dry bulk vessels including handysizes and panamaxes.

The ship manager chose ShipServ on the strength of its ability to offer advanced sourcing and procurement tools alongside its core offering of increasing transaction speeds and improving purchasing efficiency.

These advanced tools and services include ShipServ Match, an automated supplier recommendation service that can cut purchasing costs by up to 10%, and a KPI benchmarking tool that provides specific purchasing KPIs based on the trading activities of over 8,500 vessels.

IDSM will use ShipServ Onboard – an onboard requisition tool – to connect to ShipServ’s web-based procurement platform, which will allow IDSM to upload purchase order information direct into its Navision accounting system.

Sharon Gill , VP of Sales of ShipServ said: “We are delighted to welcome ID Shipmanagement to the ShipServ community and to provide them with tools such as ShipServ Match to enhance their procurement process and save both time and money.”

Mik Stoustrup, MD of ID Shipmanagement, said: “With the tools that ShipServ provides such as benchmarking and Match we are able to improve purchasing efficiency from the moment the requisition is sent from one of our bulkers. ”

ShipServ has a number of leading ship managers and shipowners and operators using their platform and services such as the KPI benchmarking tool and ShipServ Match including AP Moller-Maersk, CMA CGM, Teekay Shipping and Anglo-Eastern.