Press Release
18 June 2024

With the two innovative companies now working together, they are a force to be reckoned with in the maritime ship supply industry. The Punch-Out integration allows Shipnet users to access Source2Sea’s marketplace without leaving Shipnet, optimizing the ordering processes onboard and the building and maintenance of procurement product data and assortments.

Linking procurement systems with supplier catalogues and product data is something shipping companies have requested for years. It has usually been a time-consuming task for the procurement teams to build and maintain their product data and assortments. With Source2Sea’s product catalogue platform, all that manual work is no longer required by the procurement teams. The purchasing team remains in full control, as the catalogue that is visible to the vessel crew, only contains the specific products and suppliers approved by each buyer.

Similarly, ordering onboard vessels has not been easy, time-consuming and with limited transparency. Empowering vessel crew to make well informed decisions the first time is not only reducing time and cost, but also reducing waste and CO2 footprint on board. Source2Sea’s catalogues ensure that ‘what you click is what you get’ and vessel crews receive the products they need.

Mikael Weis, CEO at Source2Sea supports: “I am really pleased with this Punch-Out partnership, where we bring additional and significant value to thousands of vessel crews, purchasers, and their suppliers. We see a huge demand for optimizing processes and make an end to the inquiries and quotes. Similarly, the joint data foundation is providing clarity into what is actually being purchased and consumed on board vessels – among others creating transparency for shipping companies’ green journey, which is growing fast these years. In essence, the result is that crews, cost efficiently, get delivered onboard exactly what they have ordered. Fleet management can then ensure happy crews, while still controlling the content of the catalogue”.

When creating the order in Shipnet, the user automatically gets logged onto the Source2Sea platform. With pre-agreed buyer specific catalogues with images, product descriptions, and buyer specific prices, building the order is simple and very transparent for vessel crew - it’s just like shopping at home.

Niall Jack, Product Management Director at Shipnet adds: “The Source2Sea platform is great. As an ex-seafarer, I’m familiar with the frustration when you have submitted a requisition, only for a replacement or completely different item to turn up later. The online catalogues eliminate that risk and will be a fantastic resource for vessel crews. The fact that we can integrate directly into the Shipnet ONE procurement flow, maintaining approval flows and work queues that our customers are familiar with, only adds to the value of the partnership.”

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About Shipnet

With over 30 years maritime experience, Shipnet’s heritage and pedigree in the industry is widely acknowledged, a Norwegian company that provides maritime software solutions to improve the efficiencies of shipping business around the world. We offer a suite of integrated software applications designed to manage and streamline various operational aspects of shipping companies. Our solutions cover areas such as fleet management, procurement, financial management, and voyage management. We aim to enhance the efficiency, safety, and profitability of maritime operations.

We pride ourself on our team of enthusiastic and dedicated Shipnetters whose focus is on the customer and understanding what they need to help their business as opposed to assuming – we do this because we employ seafarers directly to help build our solutions.

Shipnet is built by mariners for mariners.
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About Source2Sea

In Source2Sea – built on the principle ‘What you click is what you get’ – we want to enable ‘Shop at Sea like you do at home’ for all vessel crew and purchasers. We are dedicated to the global marine industry and facilitate marine procurement and supply between buyers and suppliers through online customer-tailored product catalogs within provisions, stores, paint, chemicals, lubes, and spare parts.

Source2Sea aims to empower crews and purchasers as well as incentivize suppliers, all while reducing costs and increasing transparency. Always rooted in the strongest product catalog data in the industry.

The marketplace is developed in close collaboration with and for leading industry players on both the supply and demand sides. Source2Sea is already serving leading shipping companies and suppliers globally with solutions at scale – and growing rapidly.

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‍Contacts:

Niall Jack, Product Director, Shipnet
‍niall.jack@shipnet.no‍

Mikael Weis, CEO, Source2Sea
‍miwe@source2sea.com
‍Phone:+45 40 14 10 12