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Marine Online signs strategic agreement with GeTS

SINGAPORE, August 27, 2020 – Marine Online, an emerging maritime eCommerce platform, today announced that it has signed a strategic agreement with GeTS (Global eTrade Services), a global trade platform company under CrimsonLogic, to expand its suite of services. Through this agreement, Marine Online and GeTS will collaborate to better serve their users by leveraging on each other’s platform capabilities. For chartering, it is similar to ride hailing apps whereby cargo owners will be able to find suitable vessels upon updating their open cargo; while shipowners, who update their vessels’ open positions will be matched with the suitable cargo – all these processes are completed, utilizing a smart AI engine. Furthermore, Marine Online is able to provide shipowners with significant savings for bunkering through the extensive partnership with more than 100 bunker partners around the globe. GeTS’ CALISTA, a global supply chain orchestration platform, is connected to more than 60 customs nodes and 80 ocean carriers across the world, providing shippers and logistics service providers (LSPs) fuss-free and connected digital services to fulfil their shipments globally. Marine Online has been steadily expanding their offerings throughout the pandemic caused by the coronavirus and recently, recorded US$150 million in GMV. With this move, Marine Online will be better poised and equipped to expand their product and service portfolio through this new solution. Through this collaboration, both companies’ clients could connect and transact with one another, resulting in more cost and time savings. Gets and Marine Online (From left: Tiger Cai, Chief Operating Officer of Marine Online and Ng Chee Keong, Vice President of GeTS celebrating the signing of the agreement) Tiger Cai, Chief Operating Officer of Marine Online said: “Both companies have a stronghold in what they do and by integrating the proprietary platforms together, I am confident that we will continue to grow in this highly competitive market. This further cements our commitment to continually upgrade and innovate, to find new ways to connect our clients; to increase productivity, connectivity and efficiency.”   ### About Marine Online Marine Online is an integrated B2B e-commerce platform that offers shipping services such as chartering, bunkering, crewing, port agency, ship supply, ship sale & purchase, and other essential services serving the entire maritime ecosystem. With a team of marine professionals coupled with AI data, Marine Online provides feasible solutions from operational efficiency improvements and cost reductions to vessels sailing globally. As a catalyst in digitizing conventional practices for the maritime community, Marine Online is your trusted launchpad towards modernization within a single platform. For more information on Marine Online, please visit: www.marineonline.com.   About GeTS GeTS (Global eTrade Services), a global leading trade and supply chain orchestration platform company, is shaping the future of trade and supply chain with its innovative use of technology and deep G2B and B2B domain expertise. GeTS enables the orchestration of physical logistics, compliance and financial requirements of trade and supply chain seamlessly, smartly and securely, thus powering global trade by making it accessible, predictable and easier to fulfill. The company has linkages to more than 60 Customs nodes, 80 ocean carriers across the world, with more than 175,000 connected parties and conducting more than 24 million transactions annually. For more information on GeTS, please visit: https://globaletrade.services/.   ### For media enquiries, please contact: Dillon Yong, Marine Online dillon.yong@marineonline.com +65 6571 5957   Francis Huan, CrimsonLogic francishuan@crimsonlogic.com +65 6887 7173  

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