ShipX (www.shipx.org) is the new Internet auction site for shipping. With increased ship breaking and a new focus on liquidation of surplus stock to improve cash flow, ShipX offers the opportunity of maximizing asset value in a competitive bidding environment. ShipX allows sellers to expand their market and maximise the price at a reasonable cost. A maximum cost of sale is assured with the no sale, no fee policy.  The auction fee is 3%, to a maximum of $990, only if the auction is successful. There is no membership fee for either sellers or buyers. Sellers enjoy the benefits of a listing on a website with global reach, visited by more than 84.000 unique shipping users each month, and active online marketing. The market price of used and surplus assets is determined through an online auction, known to maximize selling price in an auditable and efficient process.

Buyers can use ShipX to:
•    Find and buy assets at good value
•    Find new trading partners
•    Receive email notification when assets are posted
•    Use escrow to reduce transaction risk

ShipX AS is a Norwegian company founded by Hakon Rostad. He is a Naval Architect and has worked for DNV, Stolt Parcel Tankers Inc, Wilhelmsen Maritime Services as well as Telenor Marlink.  While at Marlink, he led development of the IMPA electronic trading standard format, which has since evolved to the Maritime eCommerce Association which is currently widely used for trading ship supplies.

(www.shipx.org)