OceanConnect.com welcomes P&O Nedlloyd as equity partner

P&O Nedlloyd BV is looking to become an equity partner in OceanConnect.com Inc., the global online marketplace for the purchase and sale of marine fuels, products and services.

“P&O Nedlloyd has extensively analyzed every e-commerce initiative in the maritime sector. There is no doubt that a global, online bunker market will supersede the current fragmented and opaque markets,” said Rutger Van Slobbe, director of fleet assets & procurement for the containerline operator, adding that he expects the efficiencies and cost savings to be gained will deliver a “compelling competitive advantage.”

OceanConnect.com launched its online bunker auction platform in July 2000. Since that time, auctions have been created in the ports of Rotterdam, Gibraltar, Gothenburg, Singapore, Fujairah, and the U.S. Gulf and East coasts.